Finovate Weekly News Recap: The Latest Updates in Fintech

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We’re midway through August, and while everyone attempts to sneak in their final summer vacation days, the fintech news continues on. While we’ve seen a handful of acquisition news headlines so far this summer, I expect things to tick up slightly this fall. Stay tuned throughout the week to read the latest news this week as we post updates and evolutions.

Embedded banking

ClearBank secures Dutch banking license and expands to Europe.

Fraud, security, and identity

UFS acquires Safe Systems for undisclosed amount.

Payments

GoHenry by Acorns teams up with Google Wallet for new Fitbit Ace LTE integration.

Amazon and Barclays launch new co-branded credit card for U.K. users.

Conduit lands $6 million for cross border payments.

HPS/PayMedix acquires TempoPay to further expand and simplify healthcare payments.

Small business banking

Payroll services provider CloudPay receives $120 million in new funding.

Photo by Anne Hoang on Unsplash

For more trending news articles like this, check out DeFi Daily News.

Conclusion:

As we wrap up this article, it’s clear that the fintech industry is buzzing with activity and innovation. From embedded banking to fraud prevention and small business banking, there’s no shortage of exciting developments to keep an eye on. Stay tuned for more updates and advancements in the world of fintech, and don’t forget to visit DeFi Daily News for the latest trending news articles. Until next time, happy reading!

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