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It’s going to be hard to avoid the avalanche of news coverage of the U.S. Presidential election this week. But if you’re looking for a respite from the political headlines, Finovate’s Fintech Rundown is here for you! Be sure to check back all week long for the latest in fintech news.
Open banking
Financial API platform Salt Edge partners with Central Bank of Bahrain to enhance corporate banking with open banking.
Tink teams up with international money app Zing to launch automatic and one-tap top-ups leveraging open banking.
Digital banking experience platform Plumery announces partnership with payments and open banking solutions provider Payment Components.
Cryptocurrency / DeFi
Cryptocurrency exchange Bitget introduces a new contactless, P2P payment service, Bitget Pay, via its Bitget app.
Commercial Bank International, a UAE-based financial institution, inks a Memorandum of Understanding with digital asset platform Zumo.
Cryptocurrency platform Kraken appoints Stephanie Lemmerman as Chief Financial Officer.
Identity verification / fraud prevention
ID verification specialist iDenfy partners with O2Factoring to improve financial security for entrepreneurs.
U.K.-based Starling Bank unveils new solution to help customers defend themselves against bank impersonation scams.
E-commerce
E-commerce payment network Affirm launches its pay-over-time options in the U.K.
Lending
Document AI platform Ocrolus teams up with Merchant Cash Advance (MCA) origination and servicing platform LendSaaS.
Lending-as-a-service infrastructure company Finfra secures $2.5 million in funding to bring embedded lending solutions to SMEs in Indonesia.
Payments
European banking group Intesa Sanpaolo and Visa renew their strategic partnership to accelerate and support the growth of digital payments.
Integrated payments and commerce technology company Shift4 announces new partnership with payments platform ConnexPay.
Personal Finance
BMO partners with Personetics to help customers reach personal savings goals.
Photo by Tara Winstead
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