rewrite this title Fintech Rundown: A Rapid Review of Weekly News – Finovate

This week in Finovate’s Fintech Rundown, we highlight big fundraisings in wealthtech and mortgagetech, as well as an acquisition in the world of money movement. Check back all week long as the Fintech Rundown keeps you informed on the latest news in fintech!

Wealth management

Global wealthtech solutions provider Masttro announces upgrades to its platform, including real-time wealth visualization and AI-powered efficiency.

Mitsubishi UFJ Financial Group (MUFG) agrees to acquire Japanese robo-advisory firm WealthNavi for $664 million.

Cryptocurrencies

Taiwan expedites implementation of its new Anti-Money Laundering (AML) regulations for cryptocurrency companies.

Coinbase elects to withdraw its pre-application to enter the Turkish market, citing regulatory concerns.

Mortgagetech

U.K.-based digital savings and mortgage platform Tembo raises $17.8 million (€16.8 million) in Series B funding to support first-time homebuyers.

Payments

Digital payroll company Deel acquires U.K.-based money transfer firm Atlantic Money.

Razorpay teams up with the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to boost cybersecurity for digital payments in India.

Insurtech

Embedded solutions provider YAS teams up with QBE Hong Kong to offer Pay-As-You-Sell product liability insurance for ecommerce merchants.

Aviva strikes five-year partnership with NatWest to distribute its insurance solutions through NatWest U.K.’s retail banking brands.

Financial crime prevention

Finovate Best of Show winner Themis launches KYC/AML company, Tathabbat, in Saudi Arabia. Check out our recent Finovate podcast interview with Themis Founder and CEO Neepa Patel.

Photo by David Dibert

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