According to a report in Bloomberg, JP Morgan is going to make fintechs pay up if they want access to customer financial data. Fighting words? Or just signs of what’s to come? Check out this news and more in this week’s edition of Finovate’s Fintech Rundown!
Identity management
Digital identity platform Signicat acquires Dutch NFC-based digital identity verification solutions provider Inverid.
Lending
Digital lending platform Yabx launches GenAI-powered voice solution designed to increase financial literacy among its underserved borrowers.
Billtrust unveils major collections software innovations.
Grasshopper Bank partners with Lendio to enhance SBA loan delivery with AI-powered tools.
Payments
Digital payments company Checkout.com goes live in Canada.
New QR-based payments platform QwikPay launches in Australia.
Cash App adds tap-to-pay for iPhone.
ICBA Payments and Visa renew partnership supporting community bank payments.
Finzly appoints its first Chief Financial Officer and Head of Partnerships to accelerate growth and expand market reach.
Wealth management
Weath management solutions company TIFIN unveils new multilingual LLM innovation hub in India.
Small business banking
Visa and TikTok team up to help founders of small businesses in the UAE access training, tools, and digital marketing advice.
Plaid joins forces with Xero for enhanced US bank feeds.
Insurtech
Saudi Arabia-based embedded insurtech platform Yasmina raises $12 million in seed funding.
Crypto and Defi
Crypto payments platform MoonPay announces support for 1-click cryptocurrency purchases via Revolut Pay.
Cryptocurrency exchange OKX integrates with PayPal to enable crypto purchases and deposits across the European Economic Area (EEA).
Digital banking
JP Morgan reportedly to charge fintechs for access to customer data according to a report from Bloomberg.
Photo by Floriane Vita on Unsplash