It’s a leap year, which means we have an extra day in the month of February. How will the financial services industry Use the extra 24 hours this year? Check back for real-time updates on how the fintech landscape evolves this week.
Traditional banking
Legacy Bank & Trust reports it has doubled its assets after employing Jack Henry’s technology.
VyStar Credit Union selects NCR Atleos‘ Allpoint ATM Network to support growth.
Payments
In-person payment orchestration company Aevi partners with global card processing firm Silverflow.
Emirates and flydubai select Valuedynamx to power Emirates Skywards loyalty program.
Backbase and Alacriti partner to provide instant payment solutions for financial institutions.
Finix launches its business payments solution in the Canadian market.
AffiniPay selects Marqeta to power its SMB spend management solution for law firms.
AP automation and invoice processing company Basware appoints Head of AI and CIO to lead the company’s innovation drive.
PayU GPO launches a new suite of payment solutions to offer more payment options for merchants, offers Peruvian SMEs self-onboarding.
Wedge launches Programmable Payment Solution for banking associations and credit unions.
Lending
Magnati and Biz2X announce embedded finance partnership in UAE.
Visa launches Working Capital Performance Benchmark to allow mid-market businesses to see how their utilization of working capital solutions compares to other mid-market businesses across industries and regions around the world.
Security, fraud, and identity
DataVisor launches fraud and risk solution for sponsor banks to ensure compliance with new Banking-as-a-Service regulations.
AU10TIX launches Know Your Business solution to help companies know exactly who they are doing business with and avoid potential financial and reputational losses.
Equifax introduces Business Verification Solution.
Financial wellness and wealth management
SaveAway earns finalist spot in the TechImpact Startup Competition sponsored by the NYC Economic Development Corporation and Community Development Financial Institutions Fund.
TIFIN AG announces collaboration with RBC Wealth Management U.S. to deepen advisor-client relationships.
Cetera partners with Wealth Access to help its bank and advisor clients deliver a more personalized experience to their end users.
T. Rowe Price taps Clearwater Analytics to power stable value investment operations.
Customer experience
NLX raises $12 million in Series A funding for its conversational AI technology.
DeFi
Ripple and Axelar Foundation partner to enhance XRP ledger’s interoperability across blockchains.
ClearJunction joins U.K. Cryptoasset Business Council to empower crypto ecosystem growth.
Insurtech
Atlantic Global Risk selects Novidea for insurance management.