Last week brought a small uptick in fintech funding and drama ensued when Tabapay renounced its agreement to purchase Synapse’s assets. Stay tuned to this week’s news for updates as this situation– and others– evolve throughout the week.
Payments
Payments enablement and software company Flywire announces expanded availability of its third-party invoicing solution.
Bank payments company GoCardless appoints Jolawn Victor as Chief Growth Officer.
Bankart partners with Diebold Nixdorf to modernize its payment processing platform across southeast Europe.
Tango launches Global Choice Link, to offer its business customers an easy platform to send rewards, incentives, and payouts to recipients across the globe.
REPAY becomes a Certified Integration Partner with Corelation’s KeyStone platform.
Mastercard and Salesforce announce new integration to transform transaction disputes.
Small business banking
Expensify unveils unlimited virtual cards for enhanced spend management.
Core banking
Vietnam-based Orient Commercial Joint Stock Bank (OCB) leverages Backbase’s Engagement Banking Platform to launch its OMNI 4.0 app.
Banque Internationale à Luxembourg selects Temenos‘ core banking and payments to increase agility and efficiency of its retail, corporate, and private banking operations.
Investing
Raisin reports first profit as customer deposits increase.
Lending
SALT granted FCA approval and gears up for summer launch.
London-based automated mobile debt management platform Incredible raises $1 million in pre-seed funding.
Challenger banking
French payments app Lydia launches new challenger bank proposition called Sumeria.
E-commerce
Mexican BNPL platform Aplazo secures $70 million in equity financing.
Fraud prevention
Financial services technology provider Koodoo teams up with Resistant AI to enhance its ability to check documents for fraud.
Digital banking
U.K.-based “greener” digital bank Tandem introduces new Chief Technology Officer Suavek Zajac.