With Father’s Day behind us and the first official day of summer ahead, we keeping our eye on the fintech headlines as the summer news slump approaches. Be sure to check in with Finovate’s Fintech Rundown all week long for the latest announcements in the industry.
Open banking
- Salt Edge teams up with financial insights solution provider RiseUp.
- Open finance company Belvo launches automatic recurring payments solution, Pix Automático.
- Ninth Wave launches managed services division to accelerate open finance adoption.
Crypto / DeFi
- Coinbase unveils credit card with bitcoin rewards.
- Crypto payment framework AEON partners with cryptocurrency exchange Bybit.
Credit unions
- Barksdale Federal Credit Union, the largest credit union in Louisiana, partners with Scienaptic AI.
Payments
- MENA-based digital financial services platform JinglePay announces collaboration with Western Union.
- Paytech LemFi acquires UK credit card issuer Pillar.
- GrailPay raises $6.7 million to make ACH payments more secure.
- Fiserv and Early Warning Services collaborate on Paze to provide financial institutions and merchants of all sizes with a convenient digital checkout solution for consumers.
- Klarna expands into mobile phone plans.
- Global E-Payment forms a strategic partnership with TransferMate, an international non-bank licensed payment infrastructure provider.
Fraud prevention
- Experian and GBG announce “deepened” strategic partnership to enhance fraud prevention and identity verification in Australia and New Zealand.
- Empower Federal Credit Union taps Illuma to launch voice authentication.
Lending
- Baker Hill unveils enhancements to its platform to help financial institutions better manage commercial real estate, CECL compliance, AI-driven compliance, agricultural spreading and financial analysis.
- Vine Financial secures seed funding, forms Board of Directors.
- African remittance startup LemFi buys UK card issuer.
- AKUVO automates repossessions and adds RDN.
- Finastra’s Filogix boosts Gen AI capabilities to empower mortgage brokers.
Digital banking
- Digital banking solution provider for small businesses, Autobooks, introduces Autobooks Capital, powered by Fundbox, integrating business lending directly within the Autobooks platform.
Regtech
- SEON launches AI-powered anti-money laundering suite.
- HG Re Ltd. selects Clearwater Analytics for performance attribution and risk management.