This week brings May Day, a day to celebrate the halfway point between spring and summer, and in the world of fintech, there are also exciting developments to mark the start of a new month. Check back for real-time updates on how the fintech landscape evolves this week.
Youth Banking
SCE Credit Union partners with Los Angeles County on youth access banking program.
Credit Unions
UniWyo Credit Union taps Jack Henry to help with merger with Reliant Federal Credit Union.
Digital Banking
Core banking platform provider Finxact and SaaS core modernization and transformation solution provider for banks Zafin announced a new collaboration.
Expense Management
Financial management superapp for expenses and corporate cards Expensify unveils its New Expensify platform geared toward the global self-employed market.
Payments
Fintech infrastructure solution for branded customer wallets, Ansa, secures $14 million in Series A funding.
TreviPay unveils new self-financing option and enhanced payment application features for B2B net terms program.
Stripe decouples payments from the rest of its products stack.
Till Financial partners with EF Educational Tours and EF Explore America to facilitate cashless payments for traveling students.
FastSpring and EBANX partner to expand Pix payments for digital products in Brazil.
DailyPay to offer earned wage access to small businesses nationwide.
Airwallex to provide faster international payments for BILL.
Kojo expands fintech offering to modernize the payment process for contractors.
Fortech selects Shift4 technology to streamline payments at alternative-fuel service stations across Europe.
Lending
Xplor Technologies launches new financial solution for small businesses.
Cross River marks $200+ million in commercial real estate loan originations in the first quarter of 2024.
Blend Labs lands $150 million investment.
Fraud Prevention
Anti-fraud and financial crime software company Feedzai introduces new Chief Financial Officer David Larson.
Featurespace joins The Knoble, an alliance of financial service professionals, law enforcement, regulators, and NGOs committed to fighting financial crime.
Quavo Fraud & Disputes releases QFD Version 24.01 to reduce assignment volumes and enhance automation.
FinScan launches AI solution for sanctions screening of financial instruments.
Wealth Management
Swedish investment platform SAVR secures investment from Incore Invest.
Financial digital platform FactSet unveils AI-powered portfolio commentary.
Treasury Management
Finastra teams up with OpenFin to enhance the user experience of Finastra Kondor, Finastra’s bank treasury management system
Business Banking
Baselayer raises $6.5 million in a Seed round to redefine business risk with AI risk engine.
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