Fintech Rundown: A Rapid Review of Weekly News

The fallout from JP Morgan’s plan to charge companies for access to client bank account data continues as—according to a report from Bloomberg—Visa has announced that it is shuttering its open banking unit.

We’ve got a lot to say about the fight for open banking next month at FinovateFall. For now, be sure to check in to Finovate’s Fintech Rundown for all the latest fintech news!

Payments

Dispute management and chargeback solution provider Casap raised $25 million in Series A funding. See the company demo next month at FinovateFall in New York!

Zil Money introduces a pair of AI-powered features for its virtual cards: receipt parsing and automated spending analysis reports.

Digital content monetization platform Coda completes its acquisition of prepaid payments platform Recharge.

Localized payment solutions provider Boku partners with visual communications platform Canva.

Digital banking

HSBC launches HSBC Innovation Banking in Australia.

Cognizant inks five-year strategic engagement deal with banking technology company Tenemos.

Crypto and DeFi

Crypto wallet MetaMask launches its own native stablecoin, to be issued by Stripe’s Bridge.

Bitget unveils its RWA (Real-World Asset) Index Perpetual Contract, enabling investors to buy and sell tokenized traditional assets.

Financial wellness

Financial wellbeing platform CredAbility launches its credit score builder.

Fraud prevention

Australia-based digital lender MoneyMe partners with fraud prevention and AML compliance specialist SEON.

IDenfy teams up with ethical residential proxies and web-data collection tool provider Ping Proxies.

Lending

MeridianLink expands its partnership with Jack Henry, which will resell the suite of Meridian Link One platform solutions, including MeridianLink Mortgage and MeridianLink Consumer.

Photo by Cristina Gottardi on Unsplash