This week marks Eid al-Fitr, the festival celebrating the end of Ramadan and the breaking of a month-long fast. Similarly, the close of this quarter feels like fintech is breaking its own fast, with Klarna filing its IPO prospectus, Rocket Companies announcing major acquisitions of Mr. Cooper and Redfin, and regulatory frameworks beginning to ease in the U.S. As we enter into the second quarter, here’s a look at this week’s fintech news as we leave the time of fasting behind. We’ll continue adding news to this post throughout the week, so stay tuned!
Digital banking
Border Bank chooses Jack Henry for technology modernization.
Y-12 Federal Credit Union upgrades ATM fleet to enhance self-service banking with NCR Atleos.
Lending
Financial services document automation and analysis company Ocrolus announces strategic partnership with digital consultancy Entech.
Finastra‘s cloud-based loan document preparation system LaserPro unveils enhanced features and sees further adoption by community-based financial institutions.
Business financial management
Tesorio launches AI agent that autonomously manages portal-based invoicing.
Enterprise spend management platform Mendel closes $35 million Series B round led by Base10 Partners with participation from PayPal Ventures.
Open Banking
Backbase now enables customers to integrate open banking compliance solutions from Salt Edge.
Mortgagetech
Rocket Companies agrees to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion.
Payments
Ingo Payments chooses card issuing platform Marqeta as its issuer processing partner.
SumUp and FreedomPay partner to enhance payment capabilities for retail and hospitality sector businesses.
Wise Platform teams up with Brazilian bank, Itaú Unibanco, to enable instant global currency transfers.
PayJunction integrates with Zapier to help businesses build custom payment workflow automations.
Payments and financial services technology provider Fiserv launched Clover, its point-of-sale system and software platform, in Australia.
Viamericas launches open payment network in the Philippines.
Fraud prevention
Fraud and risk platform DataVisor introduces its first Chief Operating Officer, Tony Kueh.
Highnote teams up with Feedzai to integrate AI-powered fraud prevention technology into its acquiring business.
Loyalty and rewards
Rewards and branded payments provider Blackhawk Network partners with consumer loyalty program company Exchange Solutions.
Crypto and Defi
Crypto payments firm MoonPay unveils new Recurring Buys feature to enable customers in the US to automate repeat cryptocurrency purchases.
Wealth management
Global wealth platform Arta Finance launches its intelligent suite of AI agents, Arta AI.