This week’s Fintech Rundown features partnership and expansion news from a handful of Finovate alums, as well as some interesting fundings in the cryptocurrency and charitable giving space.
Wealth Management
Digital wealth and payments company Mogo expands its relationship with data cloud company Snowflake.
U.K.-based wealth app Chip launches its first Cash ISA.
WiseAlpha unveils new wealth management portal and white-label solution.
Digital Banking
Segura Bank International (SBI), an FI based in Puerto Rico, launches a new digital bank powered by Temenos’ core banking platform.
North Carolina-based Mechanics & Farmers Bank has gone live on the nCino Cloud Banking Platform.
Indian payment solutions provider PayU migrates its credit service LazyPay to Thought Machine’s core banking platform.
10x Banking announces expansion to Africa, starting in South Africa.
Core banking provider Tuum raises $26.8 million (EUR 25 million) in Series B financing.
HSBC U.K. introduces its Cash Pod to expand customer access to cash in areas without bank branches.
Mortgagetech
Phoebus launches its SaaS-based mortgage servicing platform.
Raymond James Bank deploys ICE Mortgage Technology’s Encompass lending solution.
Payments
Atlantic Money secures authorization to bring its money transfer service to the U.S., Canada, and Australia.
Overflow, a fintech that facilitates charitable giving, raises $20 million in new funding.
Worldpay completes its separation from FIS.
Airwallex forges multi-year partnership with McLaren Formula 1 team to support its treasury management and cross-border payout operations.
MENA-based payment orchestration solution provider PayTabs Group partners with Saudi Arabian payment-infrastructure-as-a-service fintech Nearpay.
Lending
Pagaya secures a five-year, $280 million credit facility led by BlackRock, JPMorgan, and others.
Allica Bank completes more than £2 billion in lending to businesses in the U.K.
Challenger banking
LendingClub moves closer to fulfilling the requirements to launch a new bank.
Open banking / Open finance
MX and Jack Henry announce an expanded agreement to enhance data sharing.
Trustly integrates MX data enhancement as part of its Open Banking product suite.
Norway-based open banking company Neonomics teams up with credit management firm Lowell.
Expense management / BFM
The Boston Celtics name Brex as its corporate card and spend management partner.
Expense management platform Fyle forges new integration with American Express.
Cryptocurrencies / DeFi
Oobit, a cryptocurrency payments app based in Singapore, raised $25 million in Series A funding.
Fnality to bring its blockchain-based payment system to the U.S. following its successful launch in the U.K.
Embedded finance
EY announces an alliance with embedded finance platform MoneyLion.
Identity Verification/Management
Entrust confirms that it is negotiating a potential acquisition of ID verification firm Onfido.
Photo by Markus Winkler on Unsplash
