Congratulations to Spain for winning on the global stage of the World Cup yesterday! The country won against Argentina a final match with a score of one to zero after a nearly six-week long event. Today we turn to examine who is winning in fintech. Here’s a look at the top news headlines for this week. We’ll continue to add more announcements as the week progresses.
AI in banking
FIS partners with Anthropic to use Mythos 5 through Project Glasswing to bolster its security.
Databricks announces strategic funding at a $188 billion valuation.
Identity and verification
Know Your Customer (KYC) orchestration platform Fourthline announces plans to merge with identity verification platform Veridas.
Payments
Payfinia and Member Access Processing (MAP) team up to deliver embedded payments for credit unions.
Airwallex enables Wero payments for merchants throughout Europe.
Domopay selects Salt Edge to provide open banking capabilities for rent collection.
European paytech Teya upgrades its offering with billpay and cashback cards.
Buckzy Payments and FinXP forge strategic partnership to enable cross-border payments for merchants in Europe.
DeFi
Crypto.com announces $400 million strategic investment from Citadel Securities.
Digital asset platform MoonPay acquires Glide for its deposit and payments technology.
Stablecoin infrastructure firm Cyclops secures $20 million in Series A funding in a round led by Nava Ventures.
Wealth management
Investment platform Stratiphy opens its public funding round.
Lending
Financial marketplace ClearScore partners with open-banking-powered lender Abound for its automated debt consolidated technology, Clearer.
Digital banking
Banking platform Lumin Digital raises more than $70 million in new capital from its own clients.
Business financial management
Spend management software company Expensify unveils ints new corporate Expensify Card for users in the UK and select countries in the EU.
Photo by Sam Williams on Unsplash