Today marks the official start of autumn here in the Northern Hemisphere. In addition to the wealth of fintech news out of Saudi Arabia (!) in recent days, we’re seeing a number of new partnerships and some big investment rounds in Europe, Asia, and the States as the week begins. Be sure to check back here at the Fintech Rundown for the latest updates.
Payments
International money movement firm TerraPay announces partnership with Saudi Arabia’s Sharia-compliant D360 Bank.
Europe-based TrustPay rebrands to finby.
Global payments processor Thredd extends its card partnership with cross-border payments platform Reap.
Spreedly acquires Dodgeball to link payment optimization with fraud prevention.
MercadoLibre launches new B2B unit to tap corporate market.
JOI Gaming teams up with Trustly to deliver next-level payment experience in the Netherlands.
Wealth management and investing
Fidelity International launches its innovative AI conversational interface, Freya, for its Personal Investing platform.
Morgan Stanley to offer crypto trading through E*Trade following zerohash investment.
Open banking
Payment-linked advertising innovator Sientia teams up with global gift card platform Tillo.
Crypto and Defi
LINE NEXT and Kaia partner to launch a stablecoin superapp, Unify, in Asia.
Coinbase taps DeFi to offer up to 10.8% yield on USDC holdings.
Stripe and Visa to power Fold’s new Bitcoin rewards credit card.
Digital banking
B2B digital banking firm VersaBank implements new AI capabilities within its proprietary core banking technology.
Business management
UK-based business management platform Tide raised $120 million at a valuation of $1.5 billion.
Lending
Dublin, Ireland-based AI-native orchestration platform for credit decisioning Rekord secures $2.1 million in pre-seed funding.
Embedded finance
Cross River Bank introduces its Advanced Authorization model to enhance the transaction approval process for fintechs and enterprises.
Fraud prevention
Hungarian cybersecurity firm SEON secured $80 million in Series C funding.
Photo by Aaron Burden on Unsplash