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Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
The UK is looking to regulate Buy Now, Pay Later lenders. Meanwhile in the US, the Consumer Financial Protection Bureau is reducing fines on previous enforcement actions. It’s a tale of two very different regulatory trends depending on which side of the Atlantic you’re on.
We’ve got the latest regtech news along with the rest of the top headlines in fintech right here in this week’s edition of the Fintech Rundown!
Payments
Ripplereports that Zand Bank and fintech platform Mamo have deployed its blockchain-enabled payments solution, the first UAE-based financial institutions to do so.
PayPallaunches its Complete Payments service in Singapore.
Albertsons Companies offers invoice-based payment for its business customers courtesy of its partnership with TreviPay.
AAA Life Insurance partners with payments network One Inc. to support digital payment processing.
Digital banking
Finovate Best of Show winner Tuumlaunches suite of Islamic Banking solutions to enable financial institutions to offer more Sharia-compliant banking products.
Fraud prevention
Money and safety app for families, Greenlight, introducesFamily Shield to help caregivers protect seniors from financial fraud.
Identity verification and fraud prevention services provider AU10TIXlaunches continuous AML risk monitoring.
MRI Software integratesNova Credit’sIncome Navigator into its fraud prevention and application qualification solution.
DeFi / crypto
Non-custodial stablecoin wallet MiniPayis now available as a standalone application on iOS devices.
Investment / wealth management
U.S. Bank Global Fund Services turns to Fenergo to digitize and streamline its investor onboarding and service experience.
Regtech
Risk management company EverClaunches its AI-powered risk assessment solution for marketplaces, Smart Scan.
Between FinovateSpring taking place in San Diego and a busy news cycle, last week was a blur. Let’s see what this week has in store! We’ll continue adding news to this post throughout the week, so stay tuned!
Fintech was relatively busy last week, and so was the Finovate events team. FinovateSpring makes its San Diego debut next week, kicking off on May 7, and our speaker roster is fabulous! Here’s a look at more of this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!
Payoneerinvests $2 million over the next three years to support Endeavor, the Global Network of Trust of, by and for entrepreneurs.
Finzly’s AWS-powered platform Payment Galaxycompletes a benchmarking initiative in collaboration with AWS, validating that it can handle large transaction volumes.
Versapaynames Elizabeth Bramlage as Chief Marketing Officer.
Digital banking
NuMark Credit Union selectsAlkami to power its digital banking platform.
Nubank’s Mexico arm receives regulatory approval from the Mexican National Banking and Securities Commission to begin the process of becoming a full-service bank.
After a turbulent couple of weeks in fintech, we’re starting this week with the news that Capital One’s $35 billion deal to acquire Discover has gained approval. This comes after last week’s positive news that Global Payments has agreed to acquire Worldpay. All of this proves that while fintech may be down, it is certainly not out. Here’s a look at more of this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!
Happy Monday! If you need to step away from the fintech news to finish your income taxes this week, then don’t worry. Finovate’s Fintech Rundown will be here when you get back to make sure you’re informed and updated on the latest in fintech and financial services news.
Digital banking
Zions Bancorporation selectsnCino as its technology platform.
The news that both eToro and Klarna have put a temporary hold on their separate IPO plans tells you all you need to know about the level of concern over the new Trump Administration trade and tariff policy. Regardless of the next twists and turns in the stock market, Finovate’s Fintech Rundown will be here all week with the latest in fintech news and updates.
Payments
Bluefinboosts security, flexibility with addition of network tokenization to its ShieldConex Tokenization-as-a-Service and Orchestration platforms.
Indian payment orchestration platform Juspayraises $60 million in Series D funding.
Airwallexenables business to receive and hold funds in Israeli Shekels (ILS) via its Global Accounts and multi-currency wallet.
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!
Finastra‘s cloud-based loan document preparation system LaserProunveils enhanced features and sees further adoption by community-based financial institutions.
Business financial management
Tesoriolaunches AI agent that autonomously manages portal-based invoicing.
Enterprise spend management platform Mendelcloses $35 million Series B round led by Base10 Partners with participation from PayPal Ventures.
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 Trueworkannounces enhancements to its Truework Intelligence platform.
Regtech
Financial services compliance company Thistle Initiativeslaunches its integrated Risk Management as a Service (RMaaS) solution.
Vanquis Banking Group choosesFinScan to help optimize AML processes and strengthen financial crime risk management.
Encryption and tokenization technology payments company Bluefinteams 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.
AstroPayexpands access to multicurrency wallet across Latin America.
Splititunveils 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 selectsnCinoto power omnichannel experiences for members.
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 Tappartners with bank payment firm GoCardless for Variable Recurring Payments (VRPs).
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.
Worthsecures $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.
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
Bluefinforges collaboration with Fiscal Systems to leverage PCI-validated point-to-point encryption to boost payment security and data protection in the fuel industry.
Bay Federal Credit Union joinsMetallicus’ Metal Blockchain Banking Innovation Program.
London-based Netmind.AIunveils its decentralized AI agent society, NetMind XYZ.
Risk management
Risk and business intelligence solutions provider SRA Watchtowerraises $4 million in funding in a round led by FINTOP Capital, JAM FINTOP, and EJF Capital.
