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

August is off to an auspicious start in the fintech world, with news of acquisitions in behavioral biometrics and regtech, and good news for a pair of firms seeking approval to initiate digital asset operations in New York and the UK, respectively. Be sure to swing by Finovate’s Fintech Rundown all week long for the latest updates and fintech headlines!

Wealth management

Asset and wealth management software specialist ZILO launches its digital transfer agency platform, integration mutual fund administration with digital asset capabilities.

Payments

London-based financial services provider Teya unveils new payments card machine.

Fraud prevention

Visa agrees to acquire behavioral biometrics company BioCatch for $2.4 billion in cash.

Bank of America to acquire UK-based information security firm MDSec Consulting.

Digital assets

Circle secures limited purpose trust charter from the New York Department of Financial Services (NYDFS).

Robinhood receives authorization from the UK’s Financial Conduct Authority (FCA) to offer cryptocurrency services in the country.

Capital markets tokenization platform Licuido announces strategic investment from Ripple.

Unlimit Crypto, a division of financial infrastructure company Unlimit, secures a Crypto-Asset Service Provider license from the Cyprus Securities and Exchange Commission.

Regtech

Enterprise financial controls and reconciliation automation company AutoRek acquires UK-based compliance platform Grath.

Credit unions

Appli, maker of AI-powered smart financial calculators, inks partnership with Florida-based Connect Credit Union.

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