The first full week of spring is bringing news of partnerships in fraud prevention, lending, and insurtech as well as new product launches in regtech and payments. Be sure to check Finovate’s Fintech Rundown all week long for the latest in updates and announcements in fintech.
Fraud prevention and identity verification
Wisconsin-based community bank IncredibleBank partners with Alloy to enhance its account opening process.
Income and employment verification technology company Truework announces enhancements to its Truework Intelligence platform.
Regtech
Financial services compliance company Thistle Initiatives launches its integrated Risk Management as a Service (RMaaS) solution.
Vanquis Banking Group chooses FinScan to help optimize AML processes and strengthen financial crime risk management.
Lending
Independent asset finance provider Liberty Leasing selects Lendscape as its new contract management platform.
Insurtech
Voice-based risk assessment technology company Clearspeed teams up with insurance provider 1st Central.
Munich Re agrees to acquire digital insurance firm NEXT Insurance for $2.6 billion in cash.
Financial wellness
Arkansas announces new regulations for earned wage access (EWA) businesses.
Payments
Tietoevry Banking forges strategic partnership with customizable, tokenized payment card company Tapeeze.
Encryption and tokenization technology payments company Bluefin teams up with Printec Group to bring its PCI-validated, point-to-point encryption solution to retailers in Europe.
Somalia launches its first national instant payment system powered by BPC.
Blackhawk Network and Exchange Solutions partner to offer robust data-driven consumer loyalty program capabilities.
AstroPay expands access to multicurrency wallet across Latin America.
Splitit unveils first fully embedded white-label installment solution for Shopify merchants.
Grazzy teams up with U.S. Bank’s debit card program simplifies the way tipped employees earn and receive digital tips.
Digital banking
Canada’s largest federal credit union, Coast Capital, launches its new digital commercial banking platform courtesy of its partnership with ebankIT.
Credit Union 1 selects nCino to power omnichannel experiences for members.
Alkami and Greenlight partner to bring youth banking to financial services.
Crypto and stablecoins
Rain announces $24.5 million in funding led by Norwest to expand stablecoin-powered card issuing globally.
Custodia Bank and Vantage Bank issue bank-issued stablecoin on a permissionless blockchain.
Wealth management
BetaNXT and Fi-Tek introduce TrustWealthX.
Business banking
Blue Federal Credit Union partners with Lumin to Launch Blue Business Banking.