We’re past the mid-way point of August, and last week brought some notable fintech funding rounds. What will this week bring? Here’s your look at the latest fintech news this week. We’ll continue adding news to this post throughout the week, so stay tuned!
Payments
UAE employees can now receive salaries in digital wallets as UAE telecom operator du launches new platform.
Lending
Finastra supports JICA with Loan IQ to transform private-sector investment finance system in Japan.
Insurtech
UK-based AI insurance broker Meshed raises £950K in pre-seed funding to transform SME insurance market.
Personal finance
PayLaterr partners with Experian to enhance fraud detection and leverage alternative data for smarter budgeting decisions.
Narmi and Grasshopper launch MCP server by a U.S. Bank for AI-driven insights.
Sustainability
Sustainable money app Zero unveils new Zero Carbon Projects feature enabling users to offset their carbon footprint via verified carbon removal projects around the world.
Crypto and DeFi
Tokyo-based fintech JPYC Inc. announces plans to issue Japan’s first stablecoin this fall.
Crypto payments company MoonPay inks multi-year strategic partnership with self-custody crypto wallet Trust Wallet.
Investing
Openbank, a part of the Santander Group, partners with Upvest as its investment infrastructure provider.
Turkey-based retail investing app Midas raises $80 million in Series B funding.
DriveWealth names Naureen Hassan Chief Executive Officer.
Agora expands its fund admin partnerships with Verivest, empowering a new generation of service providers.
Fraud prevention
Canadian digital lender Fig teams up with transaction monitoring and AML compliance company Flagright.
Financial crime detection platform Ivix secures $60 million in Series B funding.
Open banking
Web3 lifestyle app Syfu partners with open banking platform Salt Edge to integrate card data from more than 5,000 banks.
Back end and communications
Eltropy now integrates with over 50 core systems and fintech solutions.
FIS launches Optimized Reconciliation Service to help capital markets adapt to evolving complexity.