The week begins with news of investment in insurtech, financial wellness, and risk management. We are also seeing a number of new partnerships in payments and fraud prevention. Check back here all week long at Finovate’s Fintech Rundown for updates on the latest fintech headlines.
Payments
Kivra and Trustly introduce a new generation of Autogiro to make automatic payments easier and more secure.
Trust Bank and TerraPay team up to launch payment solution for Bangladeshi students studying abroad.
Digital banking
Wells Fargo partners with Q2 to boost collaboration across commercial banking teams.
Alliant Credit Union turns to Backbase to enhance the digital experience for members.
Digital banking solutions provider Apiture and digital solutions company Omnicommander team up to help banks and credit unions better communicate with their customers and members.
Crypto / Defi
Ripple partners with currency exchange provider Unicâmbio to bring crypto-enabled cross-border payments to Portugal.
Insurtech
Australian digital-first insurance broking firm UpCover secures $19 million in Series A funding.
Via its brand Polly, European digital insurance broker CLARK launches its first fully digital underwriting solution in the UK.
Financial wellness
Malaysia-based Earned Wage Access (EWA) solutions provider Payd raises $400,000 in seed extension funding.
Mortgage and savings software provider finova launches its mobile-first onboarding app.
Risk management
Financial risk management software provider Validus Risk Management locks in $45 million in growth equity funding.
Fraud prevention
Financial software and technology company CSI partners with Mitek Systems to launch its proprietary check fraud detection solution for NuPoint customers.
Backbase and Feedzai team up to integrate advanced security capabilities into Backbase’s Engagement Banking Platform.