As “Back to School” season begins, we’re looking forward to a surge of fintech news over the next few days and weeks. Finovate’s Fintech Rundown is your one-stop-shop for the latest headlines, announcements, and updates.
Payments
ACI Worldwide partners with Red Hat to make its Enterprise Payments Platform available on any cloud infrastructure.
Bank payment company GoCardless completes its acquisition of Nuapay.
Atlantic Money launches Portals to enable customers to make international money transfers directly from their bank accounts.
Payment service provider Ecommpay adds three Italian Alternative Payment Methods (APMs) to its platform as part of an effort to expand its global presence.
MENA-based payments platform Tarabut acquires U.K.-based account-to-account payments platform Vyne.
Jack Henry announces collaboration with digital payments processor Moov.
Brazilian payment service provider Ume secures $15 million in a round featuring participation from PayPal’s venture arm.
OnlineCheckWriter.com— powered by Zil Money– now allows customers to send checks funded by their credit card or wallet.
Narmi goes live with the FedNow Service in receive mode with Grasshopper Bank.
Paystand expands its payments network into the Canadian market.
Trustly and Newline by Fifth Third partner on U.S. payments.
Lending
Singapore-based SME lending platform Validus raises $50 million in debt financing from HSBC.
Ant International collaborates with Dock to drive financial inclusion with credit tech solutions.
Embedded finance
ASA announces the integration of five fintechs–PortfolioPilot, Guac, One Goal Finance, Credit Rent Boost, and Column Tax–into its embedded app store, ASA Vault.
Embedded payments specialist Modulr expands its integration with online accounting software provider Xero to add payroll services.
Open banking
Comertbank chooses Salt Edge to comply with Moldova’s open banking legislation.
Wealth management and investing
Legal & General chooses Moneyhub to power its Qualifying Pensions Dashboard Service.
Quilter to acquire NuWealth to enhance its digital capabilities.
Regtech
Kani Payments helps climate-focused fintech Zero streamline its reconciliation and reporting obligations.
Sedric AI raises $18.5 million in Series A round to empower financial institutions with an AI-based compliance platform.
Spring Labs unveils Zanko ComplianceAssist to help financial service firms with compliance.
Small business finance
UNIPaaS and American Express partner to boost B2B card payments for SaaS platforms.
Papaya Global facilitates changing cross-border payroll, helping companies streamline their global payroll processes in every location in just four weeks.
Real estate
Agora launches Report Builder and Waterfall Automation Tool.