Fintech Rundown

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Fintech Rundown, Salt Edge, Tink, VISA

It’s going to be hard to avoid the avalanche of news coverage of the U.S. Presidential election this week. But if you’re looking for a respite from the political headlines, Finovate’s Fintech Rundown is here for you! Be sure to check back all week long for the latest in fintech news.

Open banking

Financial API platform Salt Edge partners with Central Bank of Bahrain to enhance corporate banking with open banking.

Tink teams up with international money app Zing to launch automatic and one-tap top-ups leveraging open banking.

Digital banking experience platform Plumery announces partnership with payments and open banking solutions provider Payment Components.

Cryptocurrency / DeFi

Cryptocurrency exchange Bitget introduces a new contactless, P2P payment service, Bitget Pay, via its Bitget app.

Commercial Bank International, a UAE-based financial institution, inks a Memorandum of Understanding with digital asset platform Zumo.

Cryptocurrency platform Kraken appoints Stephanie Lemmerman as Chief Financial Officer.

Identity verification / fraud prevention

ID verification specialist iDenfy partners with O2Factoring to improve financial security for entrepreneurs.

U.K.-based Starling Bank unveils new solution to help customers defend themselves against bank impersonation scams.

E-commerce

E-commerce payment network Affirm launches its pay-over-time options in the U.K.

Lending

Document AI platform Ocrolus teams up with Merchant Cash Advance (MCA) origination and servicing platform LendSaaS.

Lending-as-a-service infrastructure company Finfra secures $2.5 million in funding to bring embedded lending solutions to SMEs in Indonesia.

Payments

European banking group Intesa Sanpaolo and Visa renew their strategic partnership to accelerate and support the growth of digital payments.

Integrated payments and commerce technology company Shift4 announces new partnership with payments platform ConnexPay.

Personal Finance

BMO partners with Personetics to help customers reach personal savings goals.

Photo by Tara Winstead

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Bluefin, Fintech Rundown, Marqeta, MasterCard

Halloween is right around the corner. But have no fear of being out of the loop when it comes to the latest in fintech news — Finovate’s Fintech Rundown has you covered!

Insurtech

Scotland-based insurtech Broker Insights launches in the U.S.

Payments

Mastercard introduces Bill Qkr to streamline billpay for merchants.

Payment orchestrator Yuno unveils Payout, a new feature that enables management of both pay-outs and pay-ins from within a single solution.

Pinwheel launches new subscription management tool, Bill Navigator.

Bluefin and Sycurio announce a strategic partnership to enhance payment security.

Earned wage solutions provider DailyPay secures $100 million from Citi to bolster its secured credit facility.

Identity management and verification

Cross-border payments infrastructure company Nium launches a real-time bank account verification solution, Nium Verify.

Lending

Card issuing platform Marqeta launches embedded Buy Now, Pay Later solution, Marqeta Flex.

Deposit and loan origination software solutions provider Amount introduces its AI Policy Optimizer to enhance credit, pricing, and fraud policy management.

Cryptocurrencies

Cryptocurrency exchange Bitstamp secures a MiFID Multilateral Trading Facility (MFF) license.

Digital banking

U.K.-based banking group Lloyds unveils new Link pay capability in its mobile banking app.

Photo by Yaroslav Shuraev

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fintech Rundown

News in the payments space has been heating up this month, with announcements from Mastercard, Stripe, Token.io, Worldline, and Tyfone shaking things up. What’s next for payments? Stay tuned throughout the week to read the latest news this week as we post updates and evolutions.

Bank technology

Tompkins Community Bank selects NCR Atleos ATM-as-a-Service to strengthen self-service banking.

Payments

Canva partners with EBANX to provide local payment options for customers in Latin America.

The Payments Group launches and lists on stock exchange.

Ascenda launches new loyalty-as-a-service offering.

MoneyLion launches MoneyLion Checkout to bring e-commerce simplicity to financial services.

CardFlight receives growth investment from WestView Capital Partners.

Lending and credit

Finastra reveals Loan IQ Simplified Servicing solution for bilateral and SME loans.

Taktile taps Bloom Credit to offer its customers embedded access to Bloom Credit’s platform.

Small business financial management

Zip secures $190 million in Series D Funding for its procurement orchestration platform.

Brex launches new accounting partnership program.

Embedded Finance

Fiserv delivers embedded finance to DoorDash Crimson program.

Green Dot debuts embedded finance brand and platform of services called Arc by Green Dot.

Photo by Artem Podrez

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By Julie Muhn (@julieschicktanz) Posted on
Categories: Fintech Rundown, Ripple, Token

With Halloween and the U.S. election on the horizon, things may be getting spookier, but that’s not the case in fintech! We’ve seen some potential good news in VC funding trends and expect that there is more to come. Stay tuned throughout the week to read the latest news this week as we post updates and evolutions.

Small business financial management tools

HubSpot to acquire B2B billing management and CPQ solution, Cacheflow.

Pivot Payables joins American Express Sync.

Lending & credit

Digital origination and decisioning technology company Amount launched its unified account opening and loan origination platform.

AperiData introduces credit score fully powered by open banking.

Investing & wealth management

Apex Fintech Solutions agrees to acquire fintech and design agency FinTron.

Facet raises $35 million to broaden access to financial advice.

DriveWealth integrates with multiple execution management system (EMS) platforms, including Bloomberg EMSX, LSEG Autex and TRAFiX. 

Regtech

Regulatory reporting software provider Regnology is acquiring CG3-1, a company that specializes in regulatory calculations for the U.S. broker-dealer industry.

Relyance raises $32 million to help companies comply with data regulations.

Open banking

Token.io and Santander team up to leverage open banking to enhance credit card repayments.

Crypto / Defi

Ripple announces readiness to launch its US dollar-denominated stablecoin, Ripple USD (RLUSD).

Insurtech

Paymentus accelerates digital disbursements for insurance claims payouts.

One Inc and J.P. Morgan Payments collaborate to enhance unified payment platform for insurance.

Payments

Instant Financial expands pay options with the launch of Instant Direct to offer employees earned wage access.

Photo by Rizki Yulian on Unsplash

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Dynamic Planner, Experian, Fintech Rundown, Glia, IBM, Ocrolus, On Deck Capital, Payoneer, VISA

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.

Photo by Guzel’S

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By Julie Muhn (@julieschicktanz) Posted on
Categories: Abrigo, Fintech Rundown

We have breezed through September, and are now not only ready to take on a new month, but also a new quarter. Stay tuned to see what it will bring!

Digital banking

Chime selects Morgan Stanley to manage its 2025 IPO.

Qonto announces plans to expand to four new European markets: Austria, Belgium, the Netherlands, and Portugal.

Backbase unveils new Amsterdam headquarters, amplifying its culture of innovation.

Intrepid Credit Union selects Alkami to help launch new digital banking platform.

Chime’s fee-free overdraft tool, SpotMe, surpasses $30 billion in transactions.

Lending

Abrigo makes its Abrigo Small Business Lending commercially available.

Appli launches smart financial calculator designed to reshape how lenders and marketers interact with potential borrowers online. 

TreviPay and Allianz Trade partner to enhance B2B risk management and underwriting solutions.

Payments

Jack Henry and Victor team up to offer embedded payments management platform for regional and community financial institutions.

Viamericas partners with JMMB Money Transfer to expand its services into Jamaica.

Trinidad and Tobago to adopt India’s UPI.

Ocean Bank chooses NCR Atleos Allpoint Network.

Early Warning Services’ Paze solution is now available for more than 125 million credit and debit cards across the U.S.

Carry1st brings local payment solutions to music streaming with Audiomack partnership.

American Express and Boost Payment Solutions bring optimized virtual card payments to suppliers.

PayNearMe expands collaboration with PayPal to enhance its core processing capabilities.

Small business financial management

Airbase launches Touchless Accounts Payable.

Settle acquires inventory management and forecasting company Turbine; launches expanded procurement and inventory management suite.

Wealth management & investing

Alto Capital introduces new fund in partnership with SignalRank.

Photo by Karolina Kaboompics

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Backbase, Fintech Rundown, Marqeta, Plaid, Trulioo, Wise

Fall is officially here! A favorite season for many, autumn also marks a likely acceleration in fintech and financial services news and activity. Be sure to check Finovate’s Fintech Rundown all week long for the latest in headlines and news updates!

Open banking

PNC Financial Services and Plaid sign data sharing agreement.

Cryptocurrency

CheckSig offers Italy’s first crypto staking service that integrates tax management.

Fraud prevention and digital identity

Financial crime risk management solutions provider Hummingbird acquires no-code integration and automation specialist LogicLoop.

Nasdaq Verafin announces enhancements to its Targeted Typology Analytics suite to add detection capabilities for terrorist financing and drug trafficking activity.

Trulioo and Airwallex expand global partnership.

Lending

Digital origination and decisioning technology company Amount launches new SMB lending and deposit account opening suite.

Canadian fintech KOHO partners with lending-as-a-service company Propel Holdings.

Forward Financing announces expanded $450 million credit facility.

Scotiabank expands partnership with Nova Credit to enhance digital credit access for newcomers across Canada.

Liberis launches new Flexible Cash Advance product to fund eBay sellers up to $2 million in the United States.

Multitude Bank and Salt Edge join forces to optimize loan repayment.

Payments

Worktech platform DailyPay adds new Savings feature to its DailyPay Visa Prepaid card.

Payments solution provider for the transportation industry, AtoB, secures $130 million in equity and debt financing.

Marqeta appoints Chief AI Officer.

DailyPay expands into the United Kingdom.

JPMorgan begins testing U.K. credit cards.

Cross River and Forward bring payouts-as-a-service to software developers.

Money transfer innovator Wise launches online invoicing tool for small businesses.

Cross-border payments platform dLocal announces an expansion of its partnership with Asia-based mobile wallet ShopeePay.

Credit unions

OneAZ Credit Union partners with Backbase for its Engagement Banking platform.

MANTL unveils business deposit origination for credit unions.

Wealth management and real estate

U.K.-based wealth manager Quilter acquires digital investment platform NuWealth.

Mesa raises $9.2 million for its homeowner membership platform.

Back office

Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks.

Insurtech

Zinnia partners with LPL Financial to streamline insurance fulfillment.

Business financial management

Marqeta and Found bring streamlined expense management offerings to SMBs and self-employed professionals.

Acrisure announces Robin Benoit as Chief People Officer.

Regtech

ValidMind launches ValidMind Advantage Program to bring trust and transparency to third-party AI model vendors.

Photo by Designecologist

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Fenergo, Finastra, Fintech Rundown, Prelim, Revolut, Salt Edge

Fresh from FinovateFall in New York, we’ve got a raft of fintech news to share and catch up on. Be sure to check Finovate’s Fintech Rundown all week long for the latest in industry news, announcements, and headlines.

Credit unions

Formerly PSCU/Co-op Solutions, Velera will provide card processing solutions for BrightStar Credit Union courtesy of a new partnership.

Open banking

International fintech Ebury teams up with Salt Edge to expand its open banking presence in the EU and U.K.

Payments

CloudPay announces integration with Workday to launch its Global Payroll Connect solution.

Revolut integrates with Spain-based digital payments platform, Bizum.

Boost Payment Solutions launches, Boost 100XB, its new cross-border payments solution for U.S.-issued commercial cards.

JPMorgan advances in its discussions with Apple to take over the Apple credit card from Goldman.

Brex launches Brex Embedded to help B2B software vendors accelerate customer workflows at a global scale with Brex virtual cards. 

Regtech, Fraud, and Security

Germany’s largest state bank, Landesbank Baden-Württemberg (LBBW), partners with Ireland’s Fenergo to upgrade its client onboarding operations.

Oracle launches the Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service. 

Banking-as-a-Service

Banking-as-a-Service (BaaS) provider Intergiro launches its no-code, white label app development platform.

BaaS platform NymCard partners with Mastercard to enhance global money transfers from the UAE to 47 countries.

The parent company of Five Star Bank announces plans to wind down process for its Banking-as-a-Service offerings.

E-commerce

DNA Payments unveils Apple Pay Express Checkout to give merchants additional payment acceptance options.

iPhone and iPad users can now choose their monthly payment at checkout with Monzo Flex on Apple Pay.

KYC/AML

PwC Norway deploys Strise’s AML Automation Cloud to enhance its AML processes.

Financial software company Finastra integrates with Prelim to enhance retail and commercial deposit account opening.

Insurtech

AI-based insurance pricing company Akur8 secures $120 million in Series C funding.

Digital transformation

Metro Bank collaborates with Infosys to accelerate digital transformation.

Crypto and DeFi

SC Ventures leads investment in One Trading.

Business financial management

Intuit launches Intuit Enterprise Suite to help businesses grow, streamline operations, and scale.

Investing and wealth management

Investment accounting solutions company Clearwater Analytics unveils new peer benchmarking solution, Clearwater Insights, for CFOs and treasury teams.

Photo by Jeremy Thomas on Unsplash

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: ACI Worldwide, ASA, Fintech Rundown, Jack Henry, Kani Payments, Moneyhub, Xero

As “Back to School” season begins, we’re looking forward to a surge of fintech news over the next few days and weeks. Finovate’s Fintech Rundown is your one-stop-shop for the latest headlines, announcements, and updates.

Payments

ACI Worldwide partners with Red Hat to make its Enterprise Payments Platform available on any cloud infrastructure.

Bank payment company GoCardless completes its acquisition of Nuapay.

Atlantic Money launches Portals to enable customers to make international money transfers directly from their bank accounts.

Payment service provider Ecommpay adds three Italian Alternative Payment Methods (APMs) to its platform as part of an effort to expand its global presence.

MENA-based payments platform Tarabut acquires U.K.-based account-to-account payments platform Vyne.

Jack Henry announces collaboration with digital payments processor Moov.

Brazilian payment service provider Ume secures $15 million in a round featuring participation from PayPal’s venture arm.

OnlineCheckWriter.com— powered by Zil Money– now allows customers to send checks funded by their credit card or wallet.

Narmi goes live with the FedNow Service in receive mode with Grasshopper Bank.

Paystand expands its payments network into the Canadian market.

Trustly and Newline by Fifth Third partner on U.S. payments. 

Lending

Singapore-based SME lending platform Validus raises $50 million in debt financing from HSBC.

Ant International collaborates with Dock to drive financial inclusion with credit tech solutions.

Embedded finance

ASA announces the integration of five fintechs–PortfolioPilot, Guac, One Goal Finance, Credit Rent Boost, and Column Tax–into its embedded app store, ASA Vault.

Embedded payments specialist Modulr expands its integration with online accounting software provider Xero to add payroll services.

Open banking

Comertbank chooses Salt Edge to comply with Moldova’s open banking legislation.

Wealth management and investing

Legal & General chooses Moneyhub to power its Qualifying Pensions Dashboard Service.

Quilter to acquire NuWealth to enhance its digital capabilities.

Regtech

Kani Payments helps climate-focused fintech Zero streamline its reconciliation and reporting obligations.

Sedric AI raises $18.5 million in Series A round to empower financial institutions with an AI-based compliance platform.

Spring Labs unveils Zanko ComplianceAssist to help financial service firms with compliance.

Small business finance

UNIPaaS and American Express partner to boost B2B card payments for SaaS platforms.

Papaya Global facilitates changing cross-border payroll, helping companies streamline their global payroll processes in every location in just four weeks. 

Real estate

Agora launches Report Builder and Waterfall Automation Tool.

Photo by Oleksandr P

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Apiture, Backbase, Featurespace, FICO, Fintech Rundown, Socure, US Bank, VISA

As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Be sure to check in with Finovate’s Fintech Rundown all week long for the latest in fintech news.

Fraud and financial crime prevention

Is Visa looking to acquire fraud fighting platform Featurespace?

Financial wellness

Canadian fintech Koho launches Rent Reporting to help renters improve their credit.

Cryptocurrency / DeFi

Payments bank Banking Circle unveils Euro-pegged stablecoin.

Digital asset infrastructure provider Bitpanda partners with CoinMENA.

Digital banking

MyStateBank turns to Backbase for its new digital banking platform.

Surety Bank partners with Apiture for its digital banking platform.

Lyft teams with earned wage access company Payfare to launch new features for its Lyft Direct debit card and banking app. 

Neobank Comun lands $21.5 million.

G2 Risk Solutions unveils solution to integrate merchant risk management.

Payments

Payments processor Adyen introduces new Chief Technology Officer Tom Adams.

Payroll and payments platform Thera raises $4 million in seed funding.

U.S. Bank acquires healthcare-based payments platform Salucro.

Vault expands payments capabilities of its accounts payable platform.

Viamericas partners with Paisamex to expand remittances to Mexico.

Identity verification

Verification platform Sumsub becomes the first identity verification provider to secure Global Digital Identity Certification (GDIC).

Socure introduces new Chief Revenue Officer Matt Thompson.

AuthenticID unveils enhanced Smart ReAuth for instant biometric reauthentication.

E-commerce

Real-time shopping platform Tilt secures $18 million in Series A funding.

Sephora selects Paze online checkout experience for its Beauty Insider loyalty members.

Lending

FICO unveils new enhancements to its platform to improve real-time decision-making.

Rogers Communications partners with Nova Credit, a cross-border credit bureau, to help newcomers to Canada build credit and finance a new smartphone.

Liberis and Sezzle partner to provide funding to small businesses across the United States.

Happy Money appoints Matt Potere as Chief Executive Officer.

Wealth management and investing

Digital investment platform Webull begins offering options trading to its customers.

Insurtech

Insurance brokerage software provider FullCircl inks multi-year agreement with international insurance intermediary group Howden.

Business finance solutions

Galileo enhances B2B expense management offering with Mastercard Smart Data.

Conotoxia launches multi-currency cards for businesses.

Communication

Glia launches ChannelLess AI-powered interactions for financial services.

Photo by Daniel Frese

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By David Penn Posted on
Categories: Alumni News, ASA, Eko Investments, Fintech Rundown, Kobalt Labs, Mitek, nCino, PayPal, Trustly, UpSwot, Weekly Alumni News

Finovate’s Fintech Rundown is here with a look at some of the top fintech headlines. From startups emerging from stealth flush with capital to the launch of new AI-powered fraud fighting technologies, we’ve got you covered. Be sure to check back all week long for the latest updates.

E-commerce

E-commerce payments solution provider Klarna acquires New Zealand’s Laybuy.

Regtech

Risk and compliance company Unit21 introduces new anti-fraud technology for ACH transactions.

Payments

Uruguay-based cross-border payment platform dLocal forges strategic partnership with Uphold’s onramp service, Topper.

PayPal integrates with payroll provider UKG to offer early wage access.

Payments company D24 forges a strategic partnership with payments orchestration platform Yuno.

Nigeria-based B2B payments and liquidity platform for emerging markets businesses Waza emerges from stealth with $8 million in funding.

Identity management

Biometric authentication solutions company IDEX Biometrics names Catharina Eklof as its new CEO.

Crypto / DeFi

Romania-based AI and blockchain technology provider Humans.ai acquires TensorChain creator Starfish Technologies.

German neobank N26 expands its cryptocurrency trading product, N26 Crypto, to five new European nations: Belgium, Germany, Ireland, Portugal, and Switzerland.

Worldwide Stablecoin Payment Network (WSPN) raises $30 million in seed funding.

Decentralized finance (DeFi) risk management platform Chaos Labs secures $55 million in Series A funding.

Stablecoin-to-fiat money transfer app Sling Money locks in $15 million in funding.

Lending

ABN AMRO forges partnership with nCino to enhance its corporate lending operations.

Embedded finance fintech Amount secures $30 million to fuel its expansion into the credit union industry.

Digital banking

Challenger bank Starling Bank launches its first savings account offering 3.25% interest.

Wealth management

Cloud-based wealth management solution provider FusionIQ partners with wealthtech provider interVal to deliver new technology solutions to financial advisors.

Open banking

Open banking payments company Trustly announces strategic partnership with food delivery service company foodora.

Financial literacy

Northern Trust teams up with Greenlight Financial Technology to give its clients access to Greenlight’s finance app and debit card.

Embedded finance

Regtech Kobalt Labs joins the Treasury Prime Partner Marketplace.

Three Finovate alums – ASA Financial, Eko Investments, and upSWOT – earn finalist spots in the 2024 NXTSTAGE Financial Technology Pilot Competition.

Accounting and taxes

Automated accounting and tax solution for “solopreneurs,” Lettuce, raises $15 million in Series A funding.

Fraud and financial crime prevention

Digital identity and fraud prevention innovator Mitek Systems expands its partnership with Alogent.

Photo by Roman Kraft on Unsplash

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Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News
By Julie Muhn (@julieschicktanz) Posted on
Categories: Experian, Fintech Rundown, Kobalt Labs, NayaOne, Prosper, SigFig, Socure

We’re midway through August, and while everyone attempts to sneak in their final summer vacation days, the fintech news continues on. While we’ve seen a handful of acquisition news headlines so far this summer, I expect things to tick up slightly this fall.  Stay tuned throughout the week to read the latest news this week as we post updates and evolutions.

Embedded banking

ClearBank secures Dutch banking license and expands to Europe.

Fraud, security, and identity

Socure unveils selfie reverification solution with deepfake detection.

Experian acquires behavioral analytics company NeuroID for its fraud detection capabilities against AI-enabled fraud.

UFS acquires Safe Systems for undisclosed amount.

Payments

Billtrust introduces new Chief Product Officer Corrie DeCamp.

GoHenry by Acorns teams up with Google Wallet for new Fitbit Ace LTE integration.

Amazon and Barclays launch new co-branded credit card for U.K. users.

Conduit lands $6 million for cross border payments.

HPS/PayMedix acquires TempoPay to further expand and simplify healthcare payments.

Small business banking

Small business financial platform Lili announces strategic collaboration with business decisioning and analytics firm, Dun & Bradstreet.

Payroll services provider CloudPay receives $120 million in new funding.

Banking news

Scotiabank announces agreement to acquire 14.9% equity interest in KeyCorp.

Lending

Consumer lending company Selina Finance inks five-year mortgage servicing agreement with Phoebus Software.

Real estate and asset-backed lending infrastructure provider Setpoint secures $31 million in Series B funding.

Prosper reaches milestone of reaching 2 million customers.

Cryptocurrency and DeFi

SEC sues crypto firm NovaTech for fraud.

Wealth management

Digital wealth management solutions company SigFig unveils new AI capabilities for its financial advisor collaboration platform, Engage.

Wealth management solution provider FusionIQ forges strategic partnership with wealth management software company interVal.

Regtech

Third-party risk management specialist Kobalt Labs joins the NayaOne Tech Marketplace.

Photo by Anne Hoang on Unsplash

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