This week in Finovate’s Fintech Rundown, we spotlight large fundraisings in wealthtech and mortgagetech, in addition to an acquisition on the earth of cash motion. Verify again all week lengthy because the Fintech Rundown retains you knowledgeable on the most recent information in fintech!
Wealth administration
World wealthtech options supplier Masttro broadcasts upgrades to its platform, together with real-time wealth visualization and AI-powered effectivity.
Mitsubishi UFJ Monetary Group (MUFG) agrees to amass Japanese robo-advisory agency WealthNavi for $664 million.
Cryptocurrencies
Taiwan expedites implementation of its new Anti-Cash Laundering (AML) laws for cryptocurrency firms.
Coinbase elects to withdraw its pre-application to enter the Turkish market, citing regulatory issues.
Digital banking
Lumin Digital secures $160 million in development funding.
Mortgagetech
U.Okay.-based digital financial savings and mortgage platform Tembo raises $17.8 million (€16.8 million) in Collection B funding to help first-time homebuyers.
Funds
Digital payroll firm Deel acquires U.Okay.-based cash switch agency Atlantic Cash.
Razorpay groups up with the Ministry of Residence Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to spice up cybersecurity for digital funds in India.
Mollie and PayPal be part of forces to boost market funds in Europe.
Greenlight launches baby security alerts and placement sharing instruments to its Infinity household plan.
GNC brings Early Warning Companies’ Paze to its on-line checkout.
East of England Co-op extends its relationship with NCR Atleos to offer ATMs by means of the Cashzone Community throughout its shops.
Crimson River Financial institution selects Allied Cost Community to increase digital funds choices.
Insurtech
Embedded options supplier YAS groups up with QBE Hong Kong to supply Pay-As-You-Promote product legal responsibility insurance coverage for ecommerce retailers.
Aviva strikes five-year partnership with NatWest to distribute its insurance coverage options by means of NatWest U.Okay.’s retail banking manufacturers.
Luma Monetary Applied sciences companions with Benefit Insurance coverage Community to boost annuity and life insurance coverage entry.
Fraud and safety
Finovate Better of Present winner Themis launches KYC/AML firm, Tathabbat, in Saudi Arabia. Try our latest Finovate podcast interview with Themis Founder and CEO Neepa Patel.
Revolut selects Metomic to boost SaaS knowledge safety throughout its SaaS setting.
Middesk launches Tackle Threat Insights to assist scale back threat and increase KYB compliance.
Enterprise monetary administration
KPay raises $55 million in Collection A funds.
Knowledge analytics and administration
ACERA faucets Clearwater Analytics to rework knowledge validation and simplify complete plan reporting.
SOLO lands funding from BankTech Ventures to rework credit score underwriting for banks.
Lending, credit score, and underwriting
Shastic companions with MeridianLink to offer AI workflow automation for banks and credit score unions.
Picture by David Dibert
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