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

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

Welcome to the first full week of the new year. Here’s a quick catch-up of the latest fintech news to help you hit the ground running this week.

DeFi

OCBC Bank introduces tokenized bonds for accredited investors.

FalconX acquires Arbelos Markets to expand its global derivatives footprint.

Frax launches new stablecoin that’s backed by the BlackRock’s USD Institutional Digital Liquidity Fund and tokenized by Securitize.

Business banking tools

Standard Chartered’s fintech investment arm SC Ventures launches a small business invoicing and billing platform called Labamu.

Elite acquires B2B payments platform Tranch to transform billing and payment processes for law firms.

Cards & payments

Tietoevry Banking secures European Payments Council registration for routing and verification services.

Paysafe expands payment options business to Brazil.

Tradition Capital Bank partners with CorServ for improved credit cards.

Lending & credit

Japan’s SBI Holdings Inc. agreed to take a stake of more than 70% in Solaris SE.

Union Credit partners with MeridianLink to simplify lending and grow credit union membership.

AKUVO names William Coffey Chief Risk and Data Officer.


Photo by Andre Morgan

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

2025 is here! Whether you’ve kept an eye on the fintech headlines over the holiday break or took a little time off from the fray, Finovate’s Fintech Rundown is here to bring you up to date on the latest happenings and developments in fintech and financial services.

We starting off with a handful of stories from the crypto/DeFi sector including a pair of regulatory approvals, as well as some partnership news in the fraud prevention and digital banking space.


Crypto / DeFi

Blockchain and cryptocurrency infrastructure provider Binance wins regulatory approval from the Central Bank of Brazil to acquire a locally licensed broker-dealer in Latin America.

Crypto payments company MoonPay secures approval under the Markets in Crypto-Assets (MiCA) regulation and received its license on December 30.

Digital banking

Swedish fintech Doconomy forges a new partnership with European bank KBC.

Fraud prevention

Payments provider PXP Financial collaborates with Dispute Help to launch a pair of new fraud prevention solutions.

Small business services

Workforce management and business support solutions company Employer.com to acquire accounting startup Bench.


Photo by Sami TÜRK

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

It’s a holiday-shortened week here at the Fintech Rundown. But rest assured that we’ll have you covered on the the top fintech news headlines as 2024 moves toward a close.

We’re starting off with a series of stories in the embedded finance front, including an acquisition, a new launch, and a major fundraising.


Digital banking

Data-driven statement provider HC3 forges strategic partnership with digital banking solutions company Apiture.

TBC Uzbekistan raises $37 million from majority shareholder TBC Bank Group.

Payments

Visa completes its acquisition of Featurespace.

Turkey-based private bank İşbank expands its collaboration with Alipay+.

Cybersecurity

Chainalysis acquires web3 security solutions provider Hexagate.

Embedded finance

Fiserv boosts its embedded finance capabilities with its acquisition of earned wage access company Payfare.

Embedded SME lending platform CredibleX raises $55 million in seed funding.

Kobble, an embedded finance platform, launches in Australia.

Wealth management

Scalable Capital launches its World ETF, the Scalable MSCI AC World Xtrackers UCITS ETF.

Financial wellness

SoFi reaches ten million member milestone.


Photo by Daniel Reche

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

Winter officially begins at the end of the week for many of us, and the seasonal, end-of-year holidays are right around the corner.

This week in the Fintech Rundown we start off with news of a major acquisition in the supply chain finance space, and a handful of fundraisings in fields ranging from wealth management to crypto.


Payments

FIS agrees to acquire supply chain finance platform Demica in a deal estimated to be worth $300 million.

Mastercard partners with Riyad Bank subsidiary Jeel to promote payment modernization in Saudi Arabia.

Card.com collaborates with Visa to introduce Visa Direct Cross-Border payments.

MessagePay and AKUVO partner to infuse collections with advanced payment technology.

Pioneer FCU selects Payfinia’s Instant Payment Xchange for real-time payments.

Wealth management

U.K.-based investment platform WiseAlpha enables retail investors to buy and sell corporate bonds.

Jiko raises $29 million in Series C funding to power its platform that gives investors access to U.S. Treasury bills.

B2B wealthtech platform Allfunds unveils its AI-powered navigation assistant, ANA.

Personal finance management

U.S.-based PFM app Current secures $200 million in funding from Andreessen Horowitz, Wellington Management, Avenir, General Catalyst, and Cross River.

Crypto / DeFi

Nigeria-based, cross-border stablecoin company Juicyway locks in $3 million in pre-seed funding.

Cryptocurrency exchange Bitget looks to establish a regional European hub in Lithuania.

Ripple launches RLUSD Stablecoin after landing NYDFS approval.

Digital banking

TBC Uzbekistan launches its digital-only business banking platform.

Raisin U.K. teams up with Salt Edge to enhance open banking compliance and customer experience.

Tyme Group receives $250 million in a Series D round led by NuBank’s Nu Holdings.

Plinqit surpasses $2 billion in deposits.

Insurtech

CU Financial Group and insurtech company Sure introduce SimpleQuote, a digital insurance solution for credit unions.


Photo by Brigitte Tohm

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

With only two more weeks before the holiday season and 2025 take over the calendar, let’s make this one count. Last week’s news cycle was rife with funding and M&A activity. Will this week bring the same? Stay tuned to find out. We’ll add the latest fintech news throughout the week as the space evolves.

Digital banking

Revolut applies for NZ banking license.

SBS (formerly Sopra Banking Software) partners with Red Hat to accelerate digital transformation for financial institutions.

audax and Tuum partner to accelerate digital transformation for financial institutions.

Wealthtech

German wealthtech startup NAO raises €3.4 million to make private investments more accessible across Europe.

Payments

Paytm sells PayPay stake to SoftBank for $279.2 million.

U.K.-based paytech platform Blink Payment inks partnership with enterprise resource planner (ERP) Business Pilot.

Blink Payment partners with Business Pilot to tackle installer industry late payments.

Fraud, security, and authentication

BioCatch integrates with Q2’s digital banking platform.

TurboCheck partners with biometric identity verification and authentication solutions provider authID.

Courtesy of its collaboration with Microsoft, ThetaRay launches its GenAI Financial Crime Detection Suite.

Business financial management

Swedish spend management solutions company Mynt raises $23 million (€22 million).

Insurtech

Brethren Mutual Insurance Company implements ClaimsPay from digital payments platform for the insurance industry, One Inc.


Photo by Matt Popovich on Unsplash