This week’s Fintech Rundown options partnership and enlargement information from a handful of Finovate alums, in addition to some attention-grabbing fundings within the cryptocurrency and charitable giving area.
Wealth Administration
Digital wealth and funds firm Mogo expands its relationship with information cloud firm Snowflake.
U.Okay.-based wealth app Chip launches its first Money ISA.
WiseAlpha unveils new wealth administration portal and white-label answer.
Digital Banking
Segura Financial institution Worldwide (SBI), an FI primarily based in Puerto Rico, launches a brand new digital financial institution powered by Temenos’ core banking platform.
North Carolina-based Mechanics & Farmers Financial institution has gone reside on the nCino Cloud Banking Platform.
Indian fee options supplier PayU migrates its credit score service LazyPay to Thought Machine’s core banking platform.
10x Banking proclaims enlargement to Africa, beginning in South Africa.
Core banking supplier Tuum raises $26.8 million (EUR 25 million) in Collection B financing.
HSBC U.Okay. introduces its Money Pod to develop buyer entry to money in areas with out financial institution branches.
Mortgagetech
Phoebus launches its SaaS-based mortgage servicing platform.
Raymond James Financial institution deploys ICE Mortgage Expertise’s Embody lending answer.
Funds
Atlantic Cash secures authorization to deliver its cash switch service to the U.S., Canada, and Australia.
Overflow, a fintech that facilitates charitable giving, raises $20 million in new funding.
Worldpay completes its separation from FIS.
Airwallex forges multi-year partnership with McLaren Components 1 workforce to assist its treasury administration and cross-border payout operations.
MENA-based fee orchestration answer supplier PayTabs Group companions with Saudi Arabian payment-infrastructure-as-a-service fintech Nearpay.
Lending
Pagaya secures a five-year, $280 million credit score facility led by BlackRock, JPMorgan, and others.
Allica Financial institution completes greater than £2 billion in lending to companies within the U.Okay.
Challenger banking
LendingClub strikes nearer to fulfilling the necessities to launch a brand new financial institution.
Open banking / Open finance
MX and Jack Henry announce an expanded settlement to reinforce information sharing.
Trustly integrates MX information enhancement as a part of its Open Banking product suite.
Norway-based open banking firm Neonomics groups up with credit score administration agency Lowell.
Expense administration / BFM
The Boston Celtics title Brex as its company card and spend administration accomplice.
Expense administration platform Fyle forges new integration with American Specific.
Cryptocurrencies / DeFi
Oobit, a cryptocurrency funds app primarily based in Singapore, raised $25 million in Collection A funding.
Fnality to deliver its blockchain-based fee system to the U.S. following its profitable launch within the U.Okay.
Embedded finance
EY proclaims an alliance with embedded finance platform MoneyLion.
Identification Verification/Administration
Entrust confirms that it’s negotiating a possible acquisition of ID verification agency Onfido.
Photograph by Markus Winkler on Unsplash
