It’s a dual holiday today in the US, with Americans celebrating both Columbus Day and Indigenous Peoples’ Day to start the week. There’s no break in the fintech news flow, though, and Finovate’s Fintech Rundown has you covered. Be sure to check back all week long for the latest updates.
Fraud prevention
Document intelligence specialist Veryfi introduces its Fraud Detection and Prevention Suite.
Payments
New Zealand-based fintech Qippay secures an investment commitment of NZ$5 million from Australia’s All Roads Wholesale Fund.
Egypt’s Bank NXT extends its payments partnership with UAE-based Network International.
Identity document verification and bank card scanning solutions provider OCR Studio and payment infrastructure company FinOn team up to enhance security across onboarding and online payments.
On-Demand Pay specialist DailyPay announces $200 million asset-backed securitization of its On-Demand Pay receivables.
Digital assets
SoFi Tech Solutions, Orbi, and Mastercard announce partnership to launch a crypto-linked card program in Mexico.
Multi-asset trading broker Kudo.com launches instant crypto withdrawals.
Stablecoin payments orchestration service Anyflo emerges from stealth; announces acquisition of bitcoin lending platform Native.
Multi-chain orchestration company Ownera forges strategic partnership with institutional digital asset infrastructure provider Utila.
Lending
Nivo unveils its AI assistant for lending, Lender Collect, which automates case coordination for specialist lenders in the UK.