There are still a few weeks left of summer, but the final day of August often serves as the unofficial end of summer for many—with kids returning to school and Labor Day around the corner.
As the week begins, Finovate’s Fintech Rundown is highlighting a handful of fintech funding announcements in payments, wealth management, and capital markets, as well as interesting partnership news in DeFi and identity verification involving fintechs from Singapore and South Korea.
Fraud prevention
Nasdaq Verafin teams up with Q6 Cyber, combining dark web fraud intelligence with consortium data insights.
Digital banking
Deutsche Bank’s Private Bank partners with Thought Machine for its core banking overhaul.
Vertice AI launches Vertice OPTIMIZE growth engine.
Capital markets
Clearing and custody firm RQD* Clearing raises $74 million in a round led by Bain Capital.
Payments
Canadian payment processor Helcim secures C$53 million in Series C funding.
Online music instrument and equipment retailer Sweetwater partners with payment orchestration platform Gr4vy to modernize its payment infrastructure.
Federal Home Loan Bank of Atlanta turns to ACI Worldwide for its cloud-native, centralized payments hub ACI Connetic.
FIS and Ericsson to help remove integration barriers for organizations launching wallet-led financial services.
Vroozi named a leader in Nucleus Research’s source-to-pay technology value matrix.
Wealth management
Vanguard agrees to acquire wealth and custody platform Altruist.
Multiplier, an agentic AI startup for asset managers, raises $6 million in seed financing.
Identity verification
Experian and Singapore-based account validation service provider iPiD forge strategic partnership to scale bank account verification across borders.
Stablecoins
Visa inks a strategic partnership with South Korean fintech Dunamu to develop stablecoin payments, international remittance services, and AI-powered e-commerce solutions.
Credit unions
Baton Rouge Telco Federal Credit Union launches AI-powered smart financial calculators courtesy of its partnership with Appli.
Lending
RateZip launches live US bank rate and mortgage rate app in ChatGPT.
Small business financial management
Spend management specialist Expensify announces native integration with AI-native ERP Rillet.
Photo by Sean Oulashin on Unsplash