Fall is officially here! A favorite season for many, autumn also marks a likely acceleration in fintech and financial services news and activity. Be sure to check Finovate’s Fintech Rundown all week long for the latest in headlines and news updates!
Open banking
PNC Financial Services and Plaid sign data sharing agreement.
Cryptocurrency
CheckSig offers Italy’s first crypto staking service that integrates tax management.
Fraud prevention and digital identity
Financial crime risk management solutions provider Hummingbird acquires no-code integration and automation specialist LogicLoop.
Nasdaq Verafin announces enhancements to its Targeted Typology Analytics suite to add detection capabilities for terrorist financing and drug trafficking activity.
Trulioo and Airwallex expand global partnership.
Lending
Digital origination and decisioning technology company Amount launches new SMB lending and deposit account opening suite.
Canadian fintech KOHO partners with lending-as-a-service company Propel Holdings.
Forward Financing announces expanded $450 million credit facility.
Scotiabank expands partnership with Nova Credit to enhance digital credit access for newcomers across Canada.
Liberis launches new Flexible Cash Advance product to fund eBay sellers up to $2 million in the United States.
Multitude Bank and Salt Edge join forces to optimize loan repayment.
Payments
Worktech platform DailyPay adds new Savings feature to its DailyPay Visa Prepaid card.
Payments solution provider for the transportation industry, AtoB, secures $130 million in equity and debt financing.
Marqeta appoints Chief AI Officer.
DailyPay expands into the United Kingdom.
JPMorgan begins testing U.K. credit cards.
Cross River and Forward bring payouts-as-a-service to software developers.
Money transfer innovator Wise launches online invoicing tool for small businesses.
Cross-border payments platform dLocal announces an expansion of its partnership with Asia-based mobile wallet ShopeePay.
Credit unions
OneAZ Credit Union partners with Backbase for its Engagement Banking platform.
MANTL unveils business deposit origination for credit unions.
Wealth management and real estate
U.K.-based wealth manager Quilter acquires digital investment platform NuWealth.
Mesa raises $9.2 million for its homeowner membership platform.
Back office
Backbase unveils Intelligence Fabric to unlock AI-productivity gains for banks.
Insurtech
Zinnia partners with LPL Financial to streamline insurance fulfillment.
Business financial management
Marqeta and Found bring streamlined expense management offerings to SMBs and self-employed professionals.
Acrisure announces Robin Benoit as Chief People Officer.
Regtech
ValidMind launches ValidMind Advantage Program to bring trust and transparency to third-party AI model vendors.