Fintech
Fintech Rundown: A quick roundup of the weekly news
Investments and innovation are defining the wealth management space as the week begins. Los Angeles-based wealth management platform Altruist starts the week with $169 million more capital, thanks to a Series E round led by Iconiq Growth. Meanwhile, JP Morgan Chase announced that it has implemented generative artificial intelligence to improve its thematic investment offering.
Be sure to check back throughout the week for more fintech news!
Cryptocurrency
Revolution launches its standalone cryptocurrency exchange for professional cryptocurrency traders, Revolut
MoonPay announces the collaboration with PayPal to allow MoonPay users in the United States to purchase cryptocurrencies through their PayPal accounts.
Nayms partner with CoinBase leverage on-chain technology for insurance transactions.
Community Bank
New Peoples Bank addresses Jack Henry for its core processing technology and Banno digital platform.
Expense management
Spendthe super app for the financial management of expenses and company cards, revealed its new travel platform, Expensify Travel.
Insurtech
CoverTreean insurtech specializing in manufactured home insurance, protects $13 million in Series A funding.
UK based digital life insurance and income protection product company Eleos raise $4 million in seed funding.
Integrated insurance company CoverGenius inks collaboration with Adyen.
Payments
Key bank introduces virtual account management provided by Qolo.
Checkout.com launches its Payments-as-a-Service solution, Flow.
WaFd Bank select The one from Fiserv CashFlow CentralSM to expand payment capabilities for small businesses.
NAB AND Banked team up for the launch Pay via bank for Australian merchants.
YES BANK AND EBANX company enhance cross-border trade in India.
Crowded launches International currency transfers for non-profit organizations, enabled by Visa Direct and Cross River.
Fraud prevention
Anti-money laundering and fraud risk mitigation company Unit21 launches ACH risk scores and rules for action events.
Investments/Wealth Management
Provider of life insurance and wealth management solutions iPipeline introduces its first Chief Product Officer Katie Kahl.
Asset management platform Unselfish raise $169 million in Series E funding.
JP Morgan Chase introduces its IndexGPT thematic investment tool.
Pure financial advisors generates more than $1 billion in new AUM through its SmartAsset partnership.
Data and analytics
Banking personalization engine company Moneythor appointment Martin Frick as new CEO.
Loan
Planet Home Loan appointment Paul Walker as Chief Financial Officer.
Credit Union Book try to improve its lending operations through a transition to nCino cloud banking platform.
Communication and virtual assistants
As By Eltropy AI-powered conversation platform it helps 3 Financial intermediaries reduce insolvencies.
Wipro collaborate with Microsoft to launch a suite of AI-powered generative virtual assistants for financial services.
Digital bank
Velmie and Unlimited company to accelerate the growth of European Fintech.
FIS launches Atelio will provide the building blocks of BaaS and integrated finance.
Small business
Mercury launches new software to help businesses streamline financial workflows: bill payments, accounting automations, and employee reimbursement tools.
Basware acquires AP Correspondence.
KeyBank launches KeyVAM, a virtual account management solution provided by Qolo for treasury management clients who have complex demand deposit account structures.
RegTech
Global RegTech Consolidator Corlitics acquires Deloitte UK’s RegTech platform.
Integrated finance
Issuer-data controller Paymentology it’s a team with Diamond Trust Bank to offer integrated financial solutions to customers in Kenya.
Accelerators and incubators
Financial Ally launches its Ally Innovation Challenge to advance solutions that leverage responsible artificial intelligence.
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