Explore the latest and most pertinent fintech news in our weekly digest. Stay informed as we continuously update this post with breaking news throughout the week. Check back for real-time updates on how the fintech landscape evolves this week.
Lending
Rapid Finance partners with LoanPro to provide Lending-as-a-Service to small businesses across the U.S.
Union Bank selects Baker Hill NextGen consumer loan origination and TruStage compliance doc prep.
Lendica and CSG Forte partner to deliver an embedded business credit solution to small and medium sized businesses in the U.S.
YouLend secures deal with J.P. Morgan to extend £4 billion in additional financing to SMEs.
SellersFi launches a financing solution with Amazon to provide Amazon sellers with access to credit lines of up to $10 million through Amazon Lending.
CarGurus partners with Chase to expand consumer financing options.
Investing
Alinea Invest brings in $3.4 million to leverage AI for virtual assistant.
Payments
TrueLayer teams up with Worldline to offer instant payouts, deposits, and signups via Worldline Payment Orchestration.
Adyen partners with SME financial operations platform BILL.
B2B blockchain-enabled payment platform Paystand integrates with cloud-based ERP business management system Acumatica.
Brite Payments partners with Swedish EV charging platform Northe EV.
Kantox launches Kantox In-House FX to centralize FX management for global businesses.
PayPal and Venmo launch suite of new product updates.
PXP Financial becomes a Google Pay payment service provider.
Kueski Pay is now available on Amazon Mexico.
REPAY integrates with Lexop to provide seamless payments for credit unions.
BentoBox introduces its new Marketing & Commerce platform for restaurants.
First Bank selects CorServ’s Comprehensive Credit Card program.
TIFIN Give acquires Giving Place to expand its philanthropy platform for wealth enterprises.
CardFlight’s SwipeSimple now allows merchants to create and send invoices from their mobile devices.
Loyalty/ Rewards
Bilt Rewards receives $200 million equity investment led by General Catalyst.
Fraud & Security
Financial crime and risk management solution provider Abrigo launches its new AI-powered Fraud Detection platform.
Silverfort raises $116 million for its identity security platform.
Emirates NBD partners with Silent Eight to automate alert disposition and enhance compliance efficiency.
Digital Banking
Lloyds to end mobile banking van service.
KlariVis unveils new product and features within its enterprise banking analytics platform.
i2c partners with The Bank of Missouri to empower fintechs to rapidly launch digital banking products.
BNY Mellon launches virtual account-based solutions.
Challenger Banking
KOHO advances into phase two of Canadian banking license.
DeFi
PayPal Ventures invests in digital asset startup Mesh.
Compliance
Fintech Galaxy launches Open Banking compliance services in the UAE.
Card Issuance/Management
First Bank teams up with CorServ to implement its new credit card program.
Taxation/Accounting Solutions
Intelligent automation platform Xceptor partners with KPMG UK to offer advanced tax solutions for financial services companies.
Identity Verification
Digital identity verification specialist IDVerse teams up with GeoComply.