Fintech Rundown: A Rapid Review of Weekly News – Finovate

Happy Earth Day! Partnerships in payments and fundraising in the international investment/wealth management space are dominating fintech news headlines as the week begins.

Digital banking

Caribbean Bank Limited partners with Finastra to modernize its core technology and upgrade its back office operations.

Open banking

Bill-sharing app Splitwise teams up with open banking platform Tink to bring Pay by Bank to Splitwise customers.

Banking-as-a-Service

BaaS innovator Finzly partners with EverBank to enhance the firm’s payment processing system.

Payments

Business payments specialist Bottomline forges strategic partnership with spend management company Coupa.

TabaPay to acquire the assets of BaaS provider Synapse Financial Technologies.

Real-time, cross border payments company Nium introduces new Chief Payments Officer, Alexandra Johnson.

Versapay appoints Ed Neumann as Chief Financial Officer.

UAE-based Careem Pay expands its international remittance services in the U.K. to include its Faster Payments offering.

Regtech

U.K.-based digital compliance and AML solutions provider SmartSearch appoints Phil Cotter as CEO.

Investing and Wealth Management

Istanbul, Turkey-based investment app Midas secures $45 million in new funding.

Kinsted Wealth partners with software provider Objectway for its investment management platform.

Cairo, Egypt’s Bokra raises $4.6 million in pre-seed funding for its platform that offers investment products via asset backed securities.

Lending

BMO unveils its Greener Future Financing program to help SMEs in the U.S. build climate-resilient operations.

E-commerce

Subscription management and billing platform Recurly introduces new dashboards with built-in benchmarks.

Klarna sells Hero, the virtual shopping platform it acquired in 2021, for $1.3 million ( €1.3 million).

Photo by Valentin Antonucci

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