We’re starting off the week with a major acquisition in the U.K. lending space, as well as fintech funding news in payments, wealth management, and financial education.
Digital banking
Missouri-based Central Bank leverages Personetics’ AI-driven engagement platform to enhance financial wellness.
SaaS core modernization and transformation solution provider for banks Zafin unveils new tools – Dynamic Cohorts and Signals – to enhance customer personalization and engagement.
Digital banking experience platform Plumery announces availability on Google Cloud Marketplace.
Emporia State Federal Credit Union launches new app courtesy of a partnership with digital banking solution provider Bankjoy.
Bank integration provider AccessPay secures $24 million in equity and debt financing.
Payments
Paysend partners with Currencycloud to enhance its FX and treasury capabilities.
Integrated payments company Bluefin adds 23 new devices, 6 new applications, and three new key injection facilities (KIFs) to its Encryption Management Services P2PE Component listing.
Germany payment management platform NX Technologies raises $23.8 million (EUR 22 million) in Series B funding.
Stripe teams up with Amazon to power payments for Just Walk Out technology in Australia and Canada.
MENA-based payment gateway provider HyperPay inks a collaboration with Capital Bank.
Lending
Baker Hill forges new partnership with Dallas-based Harmony Bank.
ChargeAfter secures a patent for its embedded lending technology.
National Building Society agrees to acquire Virgin Money for $3.7 billion (£2.9 billion).
Desjardins partners with cloud banking firm nCino to leverage its Automated Spreading Solution to enhance lending.
Open banking
Dwolla expands its partnership with MX to power account aggregation and verification.
Open banking platform Link Money forges partnership with Silicon Valley Bank to enhance ACH processing and money movement for merchants.
Wealth management
Online trading and investing platform Robinhood launches rewards credit card for its Robinhood Gold subscribers.
Wealth-building platform Belong secures $3.7 million (£2.95 million) in pre-seed funding.
Multi-asset class investment accounting platform FundGuard raises $100 million in Series C funding.
Financial education
Wealth building and financial education platform Goalsetter closed a $9.6 million Series A extension round.
Cash management
Cash-flow management platform Settle launches Automatic 3-Way Matching for Purchase Orders.
Fraud prevention
Plaid forges partnerships with Sandbox Banking and RealPage to help fight fraud in the customer experience.
AI-powered fraud and risk platform DataVisor launches its end-to-end anti-money laundering (AML) solution.
Financial crime compliance company Napier AI reports that its customer Banco do Brasil has won the Celent Model Risk Manager 2024 Award for combatting financial crime.
Visa adds three new AI-powered risk and fraud prevention solutions.
Cryptocurrencies / Blockchain
Revolut and Layer 1 blockchain Sui team up to boost blockchain education and adoption.
Trading and investing platform eToro adds 12 new altcoins to its cryptocurrency offerings.
Identity management / verification
ID verification company AU10TIX unveils expanded Digital ID solution.
Insurtech
Rewards credit card company Yonder to offer its members a new travel insurance experience courtesy of a partnership with embedded insurance orchestration firm Qover.
New Jersey’s largest credit union, Affinity Federal Credit Union, partners with Insuritas to launch Affinity Insurance Agency.
PayPal Ventures and MassMutual Ventures lead $47 million Series C funding round for Indonesian insurtech Qoala.
Mortgagetech
Equifax UK teams up with Homely to help first-time homebuyers become “mortgage-ready.”