There are still a few weeks left of summer, but the final day of August often serves as the unofficial end of summer for many—with kids returning to school and Labor Day around the corner.
As the week begins, Finovate’s Fintech Rundown is highlighting a handful of fintech funding announcements in payments, wealth management, and capital markets, as well as interesting partnership news in DeFi and identity verification involving fintechs from Singapore and South Korea.
Fraud prevention
Nasdaq Verafinteams up with Q6 Cyber, combining dark web fraud intelligence with consortium data insights.
Digital banking
Deutsche Bank’s Private Bank partners with Thought Machine for its core banking overhaul.
Capital markets
Clearing and custody firm RQD* Clearing<a href="https://www.baincapital.com/news/rqd-clearing-secures-74-million-strategic-growth-investment-led-bain-capital” rel=”nofollow noopener” target=”_blank”>raises $74 million in a round led by Bain Capital.
Payments
Canadian payment processor Helcimsecures C$53 million in Series C funding.
Online music instrument and equipment retailer Sweetwaterpartners with payment orchestration platform Gr4vy to modernize its payment infrastructure.
Federal Home Loan Bank of Atlanta turns toACI Worldwide for its cloud-native, centralized payments hub ACI Connetic.
Wealth management
Vanguardagrees to acquire wealth and custody platform Altruist.
Multiplier, an agentic AI startup for asset managers, <a href="https://finance.yahoo.com/technology/ai/articles/multiplier-raises-6m-seed-financing-090000893.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAG-a4NMhEghHSLLnx6Uu8rldkA6TybJoSA3ST1N-IQxZPCNMYfoDC_JwyYzB3sOTOwCmzG4KDtZqOP4eW77DFj8INO40nX__LakIITQ2HQAy5nc1Q3fP7k7YJcnrA1C42WTdc5Bg1iCjE8tZYuOmd1Ccmuy6OuVu6UWxjjfA5Ozl” rel=”nofollow noopener” target=”_blank”>raises $6 million in seed financing.
Identity verification
Experian and Singapore-based account validation service provider iPiDforge strategic partnership to scale bank account verification across borders.
Stablecoins
Visainks a strategic partnership with South Korean fintech Dunamu to develop stablecoin payments, international remittance services, and AI-powered e-commerce solutions.
Baton Rouge Telco Federal Credit Union launches AI-powered smart financial calculators courtesy of its partnership with Appli.
