As October gets underway in earnest, Finovate’s Fintech Rundown shares news of expedited payments to help those impacted by hurricane Helene, another partnership to help new Canadians secure credit, as well as a major investment in cross-border payments and a big acquisition in the fraud prevention space.
Be sure to check back all week long for more fintech news and updates!
Payments
Payoneer teams up with Tech Mahindra to optimize the company’s crowdsourcing platform, Populii.
Payments acceptance platform Cashflows partners with Mastercard to offer merchants Click to Pay.
FedNow will expedite Federal Emergency Management Agency (FEMA) payments and transactions for survivors of hurricane Helene.
The U.S. Faster Payments Council (FPC) releases its 2024 U.S. Instant Payments Adoption Quantitative Study.
Formerly WorldRemit, Zepz raises $267 million to support expansion into new African markets.
Woodforest Acceptance Solutions partners with FreedomPay.
Venmo introduces payment scheduling.
Lending & credit
Quarters and Nova Credit team up to help immigrants to Canada transfer their credit histories from their home countries.
Experian Consumer Services partners with non-bank consumer lender Oakbrook to offer debt consolidation loans.
Plaid partners with MoneyLion to provide lenders with cash flow underwriting insights.
LendingClub and Pagaya acquire assets of Tally Technologies.
SoFi launches two new credit cards: SoFi Everyday Cash Rewards and SoFi Essential.
Identity and fraud prevention
Experian acquires Brazilian cybersecurity firm ClearSale in a deal valued at $350 million.
Meta expands its information-sharing partnership with banks in the U.K. to help fight fraud and scams.
DeFi and crypto
21.co, parent company of cryptocurrency exchange-traded product (ETP) issuer 21Shares forges strategic partnership with Crypto.com.
UAE to exempt crypto transactions from Value Added Tax (VAT) effective in November.
Visa launches platform to enable banks to issue stablecoins and tokens.
Open banking / open finance
Open banking payments network TrueLayer secures $50 million extension of its Series E funding round.
Open finance operating company Fabrick partners to TerraPay to enhance cross-border payments in Europe.
Small business financial management
Ocrolus and On Deck issue their Small Business Cash Flow Trend Report for Q2 2024.
Communications
Customer interaction technology provider Glia launches its Unified Interactions Index Online Calculator.
Digital banking
Coreless banking platform provider XYB announced a collaboration with IBM.
Grasshopper Bank to acquire AAA Bank, Auto Club Trust.
Regtech
Ireland-based regtech Corlytics announces expansion of its U.S. operations.
Financial advisory and wealth management
U.K.-based digital advice platform Dynamic Planner unveils new CRM integration with Adviser Cloud.