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This week marks Eid al-Fitr, the festival celebrating the end of Ramadan and the breaking of a month-long fast. Similarly, the close of this quarter feels like fintech is breaking its own fast, with Klarna filing its IPO prospectus, Rocket Companies announcing major acquisitions of Mr. Cooper and Redfin, and regulatory frameworks beginning to ease in the U.S. As we enter into the second quarter, here’s a look at this week’s fintech news as we leave the time of fasting behind. We’ll continue adding news to this post throughout the week, so stay tuned!
Digital banking
Border Bank chooses Jack Henry for technology modernization.
Y-12 Federal Credit Union upgrades ATM fleet to enhance self-service banking with NCR Atleos.
Lending
Finastra‘s cloud-based loan document preparation system LaserPro unveils enhanced features and sees further adoption by community-based financial institutions.
Business financial management
Tesorio launches AI agent that autonomously manages portal-based invoicing.
Enterprise spend management platform Mendel closes $35 million Series B round led by Base10 Partners with participation from PayPal Ventures.
Open Banking
Backbase now enables customers to integrate open banking compliance solutions from Salt Edge.
Mortgagetech
Rocket Companies agrees to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion.
Payments
Viamericas launches open payment network in the Philippines.
Photo by Thirdman
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