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Arkose Labs launched its new fraud detection solution, Arkose Detect. The new offering was formerly an embedded component of the company’s Arkose Protect technology. Arkose Labs won Best of Show at its Finovate debut at FinovateSpring 2019. A new fraud detection solution from Arkose Labs called Arkose Detect will help prevent fraud attacks on consumer Read more…
Revolut announced a partnership with fintech technology infrastructure company Cross River. The partnership will enable Revolut to offer personal loans to its customers in the U.S. The announcement comes in the wake of Cross River’s announcement that it raised $620 million in March. International superapp Revolut has partnered with fintech infrastructure provider Cross River to Read more…
Last month, President Joe Biden signed an executive order on ensuring responsible development of digital assets. The order, which comes at a time of rising interest in digital assets such as cryptocurrencies, seeks to protect consumers, financial stability, national security, and reduce climate risks. We recently spoke with Peter Torrente, National Leader of KPMG’s Banking Read more…
Earned wage access tool Wagestream raised $175 million. The investment includes $115 in debt funding and $60 in equity funding. Wagestream will use the funds to add to its product lineup and fuel its U.S. expansion. Earned wage access tool Wagestream landed $175 million in combined debt and equity funding today. The Series C round, Read more…
Recently, Finovate surveyed fintech and banking companies on behalf of Accusoft to gain a better idea of the current capabilities available in document management systems, and the challenges these firms face in using them more efficiently. Read the full report now.
Solarisbank Launches Women’s Network to Fight Fintech’s Gender Gap As part of an effort to close the gender gap in the fintech industry, Berlin, Germany-based banking-as-a-service platform Solarisbank has launched a new “women’s network” called Futura. Part of the company’s holistic Nature, People, Business (NPB) framework, Futura is currently organizing events such as discussion panels Read more…
Visa is bringing its Installment Solution to Air Canada, allowing customers to pay for their qualifying purchases over time. According to Visa’s recent survey, a third of Canadians interested in using installments plans would do so for travel and entertainment. Air Canada will be among the first group of airlines to use Visa’s BNPL tool. Read more…
Biometric cybersecurity company iProov appointed Miguel Traquina as Chief Information Officer. Traquina comes to iProov from Santander U.K., where he served as Chief Information Officer for Operations and Economic Crime. The appointment was made possible by the $70 million investment iProov received earlier this year, which the company set aside to “rapidly build on its Read more…
While 2021 was a record year for fintech merger and acquisition (M&A) activity, 2022 is off to a great start. According to FT Partners, there were 1,485 M&A deals in the fintech space totaling $348.5 billion in 2021. As Square’s $29 billion takeover of Afterpay demonstrated, last year’s massive volume is partially thanks to multiple Read more…
Secure document exchange and digital vault platform FutureVault announced a partnership with Envestnet | Yodlee. FutureVault made its Finovate debut in 2016 at FinovateFall in New York. FutureVault CEO Daniel Kenny took the helm of the Toronto, Ontario, Canada-based company in January. Last week we announced that Envestnet | Yodlee had partnered with fellow Finovate Read more…
Digital identity verification and fraud prevention innovator Mitek has agreed to acquire KYC technology company HooYu. Mitek will pay $129 million (£98 million) for the U.K.-based company. Both firms are Finovate alums. Mitek made its most recent appearance at FinovateFall 2017. HooYu demoed its technology on the Finovate stage most recently at FinovateEurope 2018. Mitek’s Read more…
he next generation of industry leaders will be companies that anticipate and take action to capture emergent opportunities, using their flexibility as a competitive advantage.