We’re midway through August, and while everyone attempts to sneak in their final summer vacation days, the fintech news continues on. While we’ve seen a handful of acquisition news headlines so far this summer, I expect things to tick up slightly this fall. Stay tuned throughout the week to read the latest news this week as we post updates and evolutions.
Embedded banking
ClearBank secures Dutch banking license and expands to Europe.
Fraud, security, and identity
Socure unveils selfie reverification solution with deepfake detection.
Experian acquires behavioral analytics company NeuroID for its fraud detection capabilities against AI-enabled fraud.
UFS acquires Safe Systems for undisclosed amount.
Payments
Billtrust introduces new Chief Product Officer Corrie DeCamp.
GoHenry by Acorns teams up with Google Wallet for new Fitbit Ace LTE integration.
Amazon and Barclays launch new co-branded credit card for U.K. users.
Conduit lands $6 million for cross border payments.
HPS/PayMedix acquires TempoPay to further expand and simplify healthcare payments.
Small business banking
Small business financial platform Lili announces strategic collaboration with business decisioning and analytics firm, Dun & Bradstreet.
Payroll services provider CloudPay receives $120 million in new funding.
Banking news
Scotiabank announces agreement to acquire 14.9% equity interest in KeyCorp.
Lending
Consumer lending company Selina Finance inks five-year mortgage servicing agreement with Phoebus Software.
Real estate and asset-backed lending infrastructure provider Setpoint secures $31 million in Series B funding.
Prosper reaches milestone of reaching 2 million customers.
Cryptocurrency and DeFi
SEC sues crypto firm NovaTech for fraud.
Wealth management
Digital wealth management solutions company SigFig unveils new AI capabilities for its financial advisor collaboration platform, Engage.
Wealth management solution provider FusionIQ forges strategic partnership with wealth management software company interVal.
Regtech
Third-party risk management specialist Kobalt Labs joins the NayaOne Tech Marketplace.
Photo by Anne Hoang on Unsplash