As the month of October begins in earnest, Finovate Financial Technology Overview sharing news of accelerated payments to help those affected by Hurricane Helene, another partnership to help new Canadians get credit, as well as a major investment in cross-border payments and a major acquisition in prevention fraud.
Be sure to check back all week for more fintech news and updates!
Payments
Payer team up with Tech Mahindra to optimize the company’s crowdsourcing platform, Populii.
Payment acceptance platform Cash flow partners with MasterCard offer to traders Click to pay.
FedNow will accelerate Federal Emergency Management Agency (FEMA) payments and transactions for survivors of Hurricane Helene.
THE Faster Payments Council of America (FPC) outings It is Quantitative study on the adoption of instant payments in the United States in 2024.
Formerly WorldRemit, Zepz raised $267 million to support expansion into new African markets.
Woodland Acceptance Solutions partners with FreedomPay.
Venmo presents payment schedule.
Loans and credits
Neighborhoods and Nova Credit team up to help immigrants to Canada transfer their credit history from their home country.
Experian Consumer Services partners with a non-bank consumer lender Oakbrook offer debt consolidation loans.
Plaid partners with MoneyLion to provide lenders with cash flow underwriting information.
Loan Club And Paddle acquire assets of Tally Technologies.
SoFi launches two new credit cards: Everyday SoFi Cash Rewards And Essential SoFi.
Identity and fraud prevention
Experienced acquires Brazilian cybersecurity company ClearSale, in a deal valued at $350 million.
Meta develops its information sharing partnership with banks across the UK to help combat fraud and scams.
DeFi and crypto
21.co, parent company of cryptocurrency exchange-traded product (ETP) issuer 21Shares forms a strategic partnership with Crypto.com.
United Arab Emirates to exempt Value Added Tax (VAT) crypto transactions starting in November.
Visa launches platform to allow banks to issue stablecoins and tokens.
Open banking / open finance
Open Banking Payments Network TrueLayer secure $50 million expansion of its Series E funding round.
Open Finance Operating Company Fabric partners has TerraPay to improve cross-border payments in Europe.
Small Business Financial Management
Ocrolus And On the bridge issue their Small Business Cash Flow Trends Report for the second quarter of 2024.
Communications
Customer interaction technology provider Glia launches It is Unified Interactions Index Online Calculator.
Digital banking
Coreless banking platform provider XYB announced a collaboration with IBM.
Locust Bank has acquire AAA Bank, Auto Club Trust.
Regtech
Regtech based in Ireland Corlytics announces expansion of its operations in the United States.
Financial advice and wealth management
UK-based digital advice platform Dynamic Scheduler reveals new CRM integration with Adviser Cloud.