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As “Back to School” season begins, we’re looking forward to a surge of fintech news over the next few days and weeks. Finovate’s Fintech Rundown is your one-stop-shop for the latest headlines, announcements, and updates.
Payments
ACI Worldwide partners with Red Hat to make its Enterprise Payments Platform available on any cloud infrastructure.
Bank payment company GoCardless completes its acquisition of Nuapay.
Atlantic Money launches Portals to enable customers to make international money transfers directly from their bank accounts.
Payment service provider Ecommpay adds three Italian Alternative Payment Methods (APMs) to its platform as part of an effort to expand its global presence.
MENA-based payments platform Tarabut acquires U.K.-based account-to-account payments platform Vyne.
Jack Henry announces collaboration with digital payments processor Moov.
Brazilian payment service provider Ume secures $15 million in a round featuring participation from PayPal’s venture arm.
Lending
Singapore-based SME lending platform Validus raises $50 million in debt financing from HSBC.
Embedded finance
ASA announces the integration of five fintechs–PortfolioPilot, Guac, One Goal Finance, Credit Rent Boost, and Column Tax–into its embedded app store, ASA Vault.
Embedded payments specialist Modulr expands its integration with online accounting software provider Xero to add payroll services.
Wealth management and investing
Legal & General chooses Moneyhub to power its Qualifying Pensions Dashboard Service.
Regtech
Kani Payments helps climate-focused fintech Zero streamline its reconciliation and reporting obligations.
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