Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

This week marks Eid al-Fitr, the festival celebrating the end of Ramadan and the breaking of a month-long fast. Similarly, the close of this quarter feels like fintech is breaking its own fast, with Klarna filing its IPO prospectus, Rocket Companies announcing major acquisitions of Mr. Cooper and Redfin, and regulatory frameworks beginning to ease in the U.S. As we enter into the second quarter, here’s a look at this week’s fintech news as we leave the time of fasting behind. We’ll continue adding news to this post throughout the week, so stay tuned!

Digital banking

Border Bank chooses Jack Henry for technology modernization.

Y-12 Federal Credit Union upgrades ATM fleet to enhance self-service banking with NCR Atleos.

Lending

Finastra‘s cloud-based loan document preparation system LaserPro unveils enhanced features and sees further adoption by community-based financial institutions.

Business financial management

Tesorio launches AI agent that autonomously manages portal-based invoicing.

Enterprise spend management platform Mendel closes $35 million Series B round led by Base10 Partners with participation from PayPal Ventures.

Open Banking

Backbase now enables customers to integrate open banking compliance solutions from Salt Edge.

Mortgagetech

Rocket Companies agrees to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion.

Payments

Wise Platform teams up with Brazilian bank, Itaú Unibanco, to enable instant global currency transfers.

PayJunction integrates with Zapier to help businesses build custom payment workflow automations.

Payments and financial services technology provider Fiserv launched Clover, its point-of-sale system and software platform, in Australia.

Viamericas launches open payment network in the Philippines.


Photo by Thirdman


Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

The first full week of spring is bringing news of partnerships in fraud prevention, lending, and insurtech as well as new product launches in regtech and payments. Be sure to check Finovate’s Fintech Rundown all week long for the latest in updates and announcements in fintech.


Fraud prevention and identity verification

Wisconsin-based community bank IncredibleBank partners with Alloy to enhance its account opening process.

Income and employment verification technology company Truework announces enhancements to its Truework Intelligence platform.

Regtech

Financial services compliance company Thistle Initiatives launches its integrated Risk Management as a Service (RMaaS) solution.

Vanquis Banking Group chooses FinScan to help optimize AML processes and strengthen financial crime risk management.

Lending

Independent asset finance provider Liberty Leasing selects Lendscape as its new contract management platform.

Insurtech

Voice-based risk assessment technology company Clearspeed teams up with insurance provider 1st Central.

Munich Re agrees to acquire digital insurance firm NEXT Insurance for $2.6 billion in cash.

Financial wellness

Arkansas announces new regulations for earned wage access (EWA) businesses.

Payments

Tietoevry Banking forges strategic partnership with customizable, tokenized payment card company Tapeeze.

Encryption and tokenization technology payments company Bluefin teams up with Printec Group to bring its PCI-validated, point-to-point encryption solution to retailers in Europe.

Somalia launches its first national instant payment system powered by BPC.

Blackhawk Network and Exchange Solutions partner to offer robust data-driven consumer loyalty program capabilities.

AstroPay expands access to multicurrency wallet across Latin America.

Splitit unveils first fully embedded white-label installment solution for Shopify merchants.

Grazzy teams up with U.S. Bank’s debit card program simplifies the way tipped employees earn and receive digital tips.

Digital banking

Canada’s largest federal credit union, Coast Capital, launches its new digital commercial banking platform courtesy of its partnership with ebankIT.

Credit Union 1 selects nCino to power omnichannel experiences for members.

Alkami and Greenlight partner to bring youth banking to financial services.

Crypto and stablecoins

Rain announces $24.5 million in funding led by Norwest to expand stablecoin-powered card issuing globally.

Custodia Bank and Vantage Bank issue bank-issued stablecoin on a permissionless blockchain.

Wealth management

BetaNXT and Fi-Tek introduce TrustWealthX.

Business banking

Blue Federal Credit Union partners with Lumin to Launch Blue Business Banking.


Photo by Travis Saylor

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

This is the week fintech has been anticipating for years. Klarna filed its F-1 prospectus document late Friday, anticipating it will raise at least $1 billion at a $15 billion valuation with its IPO. We won’t know the official valuation figures until Klarna prices shares, which may take around a month, however. While we wait, let’s dive into this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!


Small Business Financial Management

Small business credit card and spend management platform Capital on Tap partners with bank payment firm GoCardless for Variable Recurring Payments (VRPs).

Levelpath joins Coupa App Marketplace with AI-powered procurement solution.

Insurtech

Insuritas integrates auto rates from Agency Insurance Company (AIC) into its embedded insurance platform.

Payments

Fiserv acquires Netherlands-based payment solutions provider CCV.

Wyndham collaborates with SoFi’s Galileo to launch the Wyndham Rewards Debit Card.

ICBA Payments and Mastercard partner to upgrade customer payment experiences for community banks.

AuthenticID and Authvia join forces to provide secure, frictionless digital payments.

Jack Henry and Moov to implement Mastercard Move to enable fast, seamless domestic payments.

ACI Worldwide and Ingo Payments to power faster, flexible digital disbursements.

Risk management

Delfi launches free risk management solution: Delfi Essentials.

Digital banking

Princeton Federal Credit Union goes live with Mahalo Banking’s Thoughtful Banking platform.

UK-based commercial digital bank for entrepreneurs OakNorth acquires Michigan-based Community Unity Bank.

ABNB Federal Credit Union chooses Eltropy’s AI-powered platform to modernize member communications.

Challenger banking

Nordic challenger bank Lunar tops one million user milestone.

Crypto / DeFi

Web3 non-custodial wallet Bitget Wallet partners with Cryptorefills to facilitate crypto payments for travel.

MoonPay acquires stablecoin infrastructure platform Iron.

Wealth management / Wealthtech

German wealthtech NAO announces a second closing of its seed funding round, bringing the funding total to €4.5 million.

Privacy and Security

BotGuard raises $49.2 million round B led by Dawn Capital, rebrands to Blackwall.

Ecommerce

Shopify transfers its US listing from the NYSE to the Nasdaq.

Credit and lending

Finastra unveils enhanced lending cloud service supported by IBM.

Credit risk management specialist AKUVO partners with Prosperity Bank to enhance the institution’s collections process.


Photo by Markus Winkler

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

The arrival of Daylight Savings Time in much of the West is yet another reminder that Spring is right around the corner. Here’s Finovate’s Fintech Rundown with some fintech news—including some funding and partnership news from a handful of long-time Finovate alums—to help you get caught up on the latest updates and announcements in our industry.


Wealth management and investing

Digital vault platform FutureVault secures $3 million in equity capital.

Clearwater Analytics to acquire Beacon and Blackstone’s Bistro to deliver investment intelligence across private markets.

Digital banking

American Eagle Financial Credit Union to deploy Alkami Technology’s Digital Banking Platform.

Lithuanian digital bank myTU raises €10 million in Series A funding.

Challenger bank Lunar launches app for kids and teens.

Payments

Zimpler and Swish team up to enhance payments for highly regulated industries in Sweden.

Boost Payment Solutions partners with TransferMate to enhance cross-border payment capabilities.

AuthenticID and Authvia join forces to Provide Secure, Frictionless Digital Payments.

Fortis received a joint investment from Audax Private Equity and existing investor Lovell Minnick Partners

SEON launches new automated chargeback management solution.

Financial wellness

Augie unveils new credit card to help consumers build credit.

Open banking / open finance

Fintech Galaxy announces collaboration with the Central Bank of Jordan (CBJ) as part of its expansion in the country.

Business banking

Expensify, a financial management super app for expenses and corporate cards, launches new travel management tool, Expensify Travel.

Flywire acquires vertical software and payments platform for the hospitality industry Sertifi.

Lending and mortgage

Digital banking solutions origination platform Blend Labs forges partnership with verification of income and employment platform Truework.

Union Credit expands its partnership with Experian.

Tomo Mortgage raises $20 million with backing from Progressive Insurance.

Backend solutions

Worth secures $25 million investment led by TTV Capital to drive major enterprise growth and expand workflow automation solutions.

Dwolla announces the general availability of its expanded integration with Plaid, allowing its clients to leverage Plaid’s instant account verification and real-time balance check and pay-by-bank payments.

Digital identity

Microblink launches automated identity verification platform.


Photo by Pao Dayag

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

The Finovate team is back from another successful FinovateEurope fintech conference. We will share our event reviews, including key moments and top takeaways, on the Finovate blog in the days to come.

In the meanwhile, the Fintech Rundown is here to help us all catch up on the latest fintech news and announcements.


Payments

Bluefin forges collaboration with Fiscal Systems to leverage PCI-validated point-to-point encryption to boost payment security and data protection in the fuel industry.

Cross-border payments company MANSA raises $10 million in funding.

Global payout orchestration platform PayQuicker expands its instant payout and local currency solution for clinical trialsto the UK and EU.

Digital banking and infrastructure

Backbase announces strategic partnership with digital transformation company, Siili Solutions.

Utah Community Credit Union (UCCU) joins NCR Atleos’ Allpoint Network.

Financial wellness

SaveAway announces 25 for 25 campaign, as well as a range of platform enhancements, ahead of the company’s return to SXSW.

Crypto / DeFi

Bay Federal Credit Union joins Metallicus’ Metal Blockchain Banking Innovation Program.

London-based Netmind.AI unveils its decentralized AI agent society, NetMind XYZ.

Risk management

Risk and business intelligence solutions provider SRA Watchtower raises $4 million in funding in a round led by FINTOP Capital, JAM FINTOP, and EJF Capital.


Photo by Tanathip Rattanatum

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

FinovateEurope 2025 kicks off this week at the Intercontinental O2 in London. Learn more about the conferences’s keynote speakers, power panels, demoing companies and more in our pre-show briefing.

In the meanwhile, here’s a look at some of the news making fintech headlines as the week begins. Be sure to check back all week long for more updates.


Payments

Backbase and MeaWallet team up to bring advanced tokenization solutions to Australia and New Zealand.

Payments orchestration platform Yuno partners with Invest Qatar to as the company opens its new Middle East headquarters in the country.

Digital banking

Digital banking experience systems provider Plumery announces partnership with African digital identity verification provider, Smile ID.

Embedded finance

NatWest Boxed and The AA forge strategic partnership to leverage Boxed’s embedded finance platform to offer financial products, including instant savings accounts, to AA customers.

Financial wellness

PensionBee teams up with financial wellness marketplace ClearScore.

Socially responsible credit provider Kashable announced a technology partnership with HR, payroll, workforce management, and culture solutions company UKG.

E-commerce

Payments and e-commerce network Klarna expands its partnership with European paytech Nexi.

Regtech

Equifax UK goes live with its Finance Emissions Calculator to help enhance sustainability reporting requirements.

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

Partnerships and collaborations in the payments space lead fintech headlines at the beginning of this holiday-shortened week. Be sure to check Finovate’s Fintech Rundown all week long for the latest updates in fintech and financial services.


Payments

Account-to-account (A2A) payment infrastructure provider Token.io teams up with payment orchestrator Fabrick.

InComm Payments collaborates with Mastercard to offer Mastercard “Give Hope” gift cards in support of the American Red Cross.

Real-time payments framework Payfinia partners with B2B2C SaaS embedded finance solutions provider TAPP Engine.

Card issuer and processor Paymentology forges strategic partnership with UAE-based fintech Mamo.

Transaction management software company Redpin opens new payments corridor to Brazil.

Open banking

Moldova-based digital wallet and electronic money institution (EMI) Paynet partners with open banking services provider Salt Edge.

Digital identity

OneID and Adobe announce partnership to enhance identity verification for Adobe digital signatures.

Lending, credit, and underwriting

TransUnion Kenya and FICO team up to offer two new risk solutions to help expand access to credit.

Digital banking

SaaS cloud banking platform Mambu announces strategic partnership with Spain’s Ibercaja Banco.

Armalytix unveils its bank statement scanning tool.


Photo by May Guo

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

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

FIS forges strategic partnership with payment network and Buy Now, pay later company Affirm.

Bluefin announces partnership with advanced payment terminal provider Datecs to enhance payment security.

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.

StoneX and Fiserv partner to enhance cross-border payment capabilities for financial institutions.

Allied Payment Network signs 84 new financial institutions in 2024, representing an increase of 20% over 2023. 

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.

Gold Coast Federal Credit Union enlists Tyfone to accelerate digital transformation.

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.

Risk intelligence platform SRA Watchtower acquires Lumio Insight.

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.

Regtech and compliance

Sardine AI raises $70 million to make fraud and compliance teams more productive.

Investing / wealth management

Halal investment research platform Musaffa launches new equity crowdfunding round.

Brightwave integrates Quartr’s global database of first-party information from public companies with its document analysis capabilities.

Datalign secures $9 million Seed funding to accelerate AI-powered financial advisory solutions.

Lending and credit

Finastra launches Assist.AI, an AI-powered assistant to enhance the trade finance operations within its Trade Innovation solution.

Eltropy partners with MeridianLink to help advance digital lending for credit unions and community banks.

Mortgagetech and real estate

Agora launches major expansion in Australia.


Photo by Scott Duygun

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

New leadership for digital banking solutions provider nCino and the fallout from the recent ouster of CFPB director Rohit Chopra are among the major fintech headlines as the first full week of February begins.

Be sure to check back here at the Fintech Rundown all week long for the latest updates and announcement in fintech!


Digital banking

nCino introduces new President and Chief Executive Officer Sean Desmond.

Azura Credit Union modernizes technology infrastructure with Jack Henry.

Payments

Jack Henry and Moov team up to offer Visa Direct via its Jack Henry Rapid Transfers solution.

The Clearing House’s RTP Network announces surpassing one billion payments milestone.

UK-based paytech Sokin raises $15 million in debt funding.

MoneyGram announces Luke Tuttle as Chief Technology Officer.

Pomelo launches first-ever rewards program for international money transfer.

NCR Atleos’ Cashzone Network expands into Italy.

Crypto / Defi

Uphold, an infrastructure provider for on-chain payments, banking, and investments resumes staking services for its UK customers who hold cryptocurrencies.

London-based fintech Brava unveils stablecoin management system.

Cryptocurrency exchange Kraken launches payment service.

Banking-as-a-Service

German Banking-as-a-Service platform Solaris secures $144 million (€140 million) in new funding.

Open banking

Payments orchestration infrastructure firm Pay.com chooses real-time payments platform Volt as its strategic open banking partner.

Adyen selects open banking infrastructure platform Yapily to enhance its open banking offering.

Plaid unveils new brand identity.

Wealth management

Wealth management technology platform OneVest secures $20 million in Series B funding.

Dubai-based wealth and asset tracking platform Myne raises $2 million in pre-seed funding.

AI solutions provider for financial advisors, Jump, raises $20 million in Series A funding in a round led by Battery Ventures.

Fraud prevention

Payments technology company Worldpay agrees to acquire AI-powered fraud prevention platform Ravelin.

Backbase and Feedzai partner to launch deeply integrated financial crime prevention in the Engagement Banking Platform.

Salus selects authID’s Biometric Identity Platform to secure its financial services solutions for the underprivileged.


Photo by David Kanigan

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

Reports of a major breakthrough in Chinese AI technology sent stocks reeling in the U.S. to begin the week. Here at Finovate’s Fintech Rundown, we’ve got one eye on the latest from DeepSeek and another eye on the latest developments in fintech.

As Monday begins, we share news of a partnership in the open banking space, an expansion into the APAC, and both new funding and new tools for business banking.


Open banking

Tink and Adyen team up with prepaid platform Recharge to offer its German customers Pay by Bank services.

Payments

Visa and South Korean fintech DealMe team up to offer cross-border card installment payments.

Canadian paytech Nuvei expands into the APAC region on the completion of its acquisition of Paywiser Japan and granting of its acquiring license from Japan’s Ministry of Economy, Trade, and Industry.

Skipify partners with Retail Realm to launch identity-powered payments for Microsoft Dynamics 365 merchants.

Viffy leverages Finfare’s Finfare Connect payment linking technology.

Digital banking

Cloud-based digital banking solutions provider for financial institutions, Alkami Technology launches its Business Banking Digital Maturity Assessment tool.

Shanghai Commercial Bank partners with Hong Kong-based digital banking solutions provider Planto.

Alliant credit union selects Backbase to accelerate banking innovation.

Crypto / DeFi

Stablecoin payment infrastructure provider BVNK forges a strategic partnership with First Digital, the organization behind First Digital USD (FDUSD).

European cryptocurrency platform Bitpanda receives MiCAR license from BaFin.

Web3 and crypto technology fund Binance Labs rebrands as YZi Labs as part of an expansion into AI and biotech.

Small business banking

Wyzr, a SaaS-based financial management platform for small and micro businesses raises nearly $500,000 (£400,000) in new capital.

Regtech

Marketing compliance specialist for fintechs, Adclear announces raising $636,000 (£510,000) in pre-seed funding to automate FCA compliance.

c/side launches PCI compliance dashboard for new PCI DSS 4.0.1 requirements.

Wealth management

Brokerage-as-a-Service innovator DriveWealth partners with Moment Technology to expand its fixed-income asset class offering.

Risk, security and privacy

authID launches PrivacyKey, bringing privacy and compliance to its biometric identity authentication platform.

REPAY and Worth partner for KYB and underwriting tools to speed merchant onboarding and vendor enrollment.

Lending and credit

Vergent LMS launches the Vergent EMPOWER program for community banks and credit unions.

Delfi partners with three U.S. banks.


Photo by Suzy Hazelwood

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

Thanks for reading Finovate’s Fintech Rundown! We’ve got a new administration in Washington, D.C. and a new week of fintech news and announcements. We’re starting off the holiday-shortened week with a funding in the payments space and a handful of new product launches in insurtech and crypto.

We will update Fintech Rundown all week long with the latest in fintech news.


Payments

Egyptian payment orchestration platform MoneyHash secures $5.2 million in Pre-Series A funding.

Worldline and Wix team up to boost online commerce and payments solutions for businesses throughout Europe and Asia Pacific.

Gala Technology launches SOTpay Connect, a comprehensive payments gateway that supports open banking, direct debits, omni-channel payments, and more.

Insurtech

U.K.-based insurance intelligence platform Percayso Inform unveils updated version of its Quote Intelligence platform.

Digital risk processing platform Cytora partners with property data solutions provider Smarty to enhance property risk evaluation for insurers.

Regtech

Procurement orchestration platform Omnea forges new partnership with banking technology company Thought Machine.

Regtech Regnology acquires Polish regulatory and supervisory technology company BR-AG.

Crypto / DeFi

Finland-based Virtual Asset Service Provider (VASP) Ovoro launches automated cryptocurrency investing app.

Cryptocurrency exchange and Web3 firm Bitget goes live with its Hold-to-Earn service, Bitget HodlerYield.

Lending

Digital banking experience platform Plumery introduces new digital loan origination journey, Digital Lending.

Abrigo acquires Integrated Financial Solutions, provider of IFSLeaseWorks, to add automation for equipment leasing.

Small business banking

Independent consumer group and rating provider Fairer Finance launches new product ratings for business bank accounts.

Wealth management

Venture capital interval fund for retail and institutional investors, the Cashmere Fund, announces strategic collaboration with Apex Fintech Solutions.

AdvicePay unveils updated corporate branding to reflect evolution of its platform.

DriveWealth and Moment partner to democratize fixed-income investing.

Risk and analytics

Security Mutual selects Clearwater Analytics for risk and performance management.


Photo by Marvin Filmaker

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

The week begins on the Fintech Rundown with news of product launches and new investments, as well as an acquisition in the digital banking space and a handful of partnerships in payments.

Be sure to check back all week long for the latest updates.


Financial wellness

Collaborative savings platform StepLadder forges a strategic partnership with Swedish Savings Circle solution, Cirkly.

Current account provider nsave launches its new investment product and announces EUR 17.5 million in funding.

Payments

Spanish bank Unicaja inks payments partnership with Fiserv.

Open banking payments network TrueLayer partners with payments orchestration platform BR-DGE.

Airwallex teams up with Carwow to enhance payment processing for enterprise dealer groups.

GooglePay is set to go live in Pakistan by March 2025.

ACI Worldwide appoints Philip Bruno as Chief Strategy and Growth Officer.

Lending and credit

Prosperity Bank selects AKUVO collections platform to support growth.

Digital banking & infrastructure

nbkc bank selects NCR Atleos Allpoint to make self-service banking more accessible to its customers.

Banking Circle agrees to acquire Australian Settlements Ltd. (ASL).

Sage Capital Bank selects Apiture to power digital banking.

NCR Atleos announces Chief Financial Officer transition.

Fraud and security

KYB verification startup Arva AI raises $3 million.

Mortgagetech

Chimney doubles its growth in 2024, now serves 150+ financial institutions nationwide.

Accounting & tax

AccountsIQ acquires ExpenseIn to solidify its finance software offering.

Corcentric launches enhanced international tax management engine for accounts payable customers.

Open banking

Square partners with Salt Edge to offer open banking capabilities to U.K.-based SMEs.

Insurtech

Texas-based Extraco Banks teams up with Insuritas to manage and scale its Extraco Insurance Agency.

Regtech

Financial crime compliance solutions provider AML RightSource introduces new CEO Steve Meirink.

Crypto & Defi

Garanti BBVA Crypto appoints new CEO Onur Güven.

Customer communications

FCCI Insurance Group taps Glia Call Center and Digital Customer Service.


Photo by Jess Bailey Designs