48 developments from 47 companies: 4 acquisitions, 5 funding, 17 partnerships and integrations, 6 launches, 4 licences and regulators, 12 other developments.
Acquired music financial-services startup Hifi, letting artists track royalty income through aggregated dashboards.
techcrunch.comUncapped raised its most recent funding round (exact amount undisclosed from available evidence).
crunchbase.comFidelity and PNC lead Akoya's US open banking expansion, raising concerns from CFPB about banks using Akoya to control data access.
open-conversations.orgCharlie secured $16M Series A led by TTV Capital plus $7M in debt financing, six months after launching with $7.5M seed.
techcrunch.comLaunched NetSuite Pay, native card and ACH acceptance inside NetSuite with pre-negotiated rates, powered by Versapay merchant accounts.
versapay.comHDFC Bank partnered with Zeta to launch Credit Line on UPI using Zeta's DCaaS solution, with Rajanish Prabhu citing the partnership as part of a broader fintech collaboration strategy.
thefinrate.comDeserve launched mobile-integrated issuer processing capabilities built on Mastercard Cloud Edge, enabling direct mobile app/SDK connectivity to the Mastercard network.
prnewswire.comReturnly officially shut down; merchants directed to Loop Returns via strategic Affirm-Loop partnership.
returnly.comPartnered with Early Warning (Zelle's parent) to enable payment acceptance via P2P payments.
americanbanker.comIntegrated with Royal Bank of Canada for supplier payment automation, streamlining invoice-to-pay workflows in Canada.
thepaypers.comThoughtworks joined Stripe's Partner Ecosystem, announcing a Financial Operations Modernization framework powered by Stripe.
thoughtworks.comIngenico and Jifiti announced a worldwide partnership to embed white-labeled bank lending (installment loans, BNPL, net terms) directly into Ingenico PPaaS at point of sale.
jifiti.comIngenico partnered with Splitit to bring white-label BNPL to physical checkout through a single-touch experience on Ingenico terminals.
ingenico.comPXP Financial expanded its partnership with Foregenix to provide eCommerce cyber security monitoring to its merchant clients.
info.pxpfinancial.comAmlyze announced strategic partnership with Shufti Pro to enhance AML services with integrated identity verification.
financialit.netYounited and Bpifrance celebrated 3rd anniversary of SME financing partnership, having served nearly 50,000 French SMEs.
younited.comEnvestnet | Yodlee unveiled Credit Accelerator, a lending data solution that uses alternative data to enable more inclusive credit decisions, announced alongside CFPB's proposed open banking rulemaking.
newsroom.envestnet.comYo! Payments launched easier and more efficient float loading for merchant accounts.
paymentsweb.yo.co.ugAgreed with the FCA not to onboard new agents/distributors without regulator consent (UK).
register.fca.org.ukMGM Resorts disclosed a September 2023 cybersecurity breach in which an unauthorized third party obtained personal information of some customers, including name, contact info, driver's license numbers, and for some customers, Social Security and passport numbers.
investors.mgmresorts.comClearBank published a case study detailing MCU's real-time payment transformation: 55k monthly payments, 30% member growth managed without additional operational headcount.
clear.bankCo-founder Pratik Gandhi and Chief Product Officer departed; Nium announced layoffs of over 10% of global staff.
en.wikipedia.orgFiserv and Plaid announce agreement to enable secure, credential-less API-based data sharing for ~3,000 bank/CU clients via AllData Connect.
investors.fiserv.comLocal Heroes ceased accepting new jobs on 20 October 2023 and closed the platform, redirecting users to British Gas directly.
localheroes.comTSB announced Superscript as its exclusive small business insurance provider, embedded within TSB's online business banking marketplace.
gosuperscript.comNishi Gupta appointed as Chief Compliance Officer and General Counsel, joining from consumer fintech Eco; previously 10+ years at American Express in global financial crimes compliance.
fintechfutures.comTesting a wallet product for managing rewards, coins and transactions, with a UI resembling a banking app and debit/credit card mockups.
twitter.comAnnounced multi-year deal with Oracle Cloud Infrastructure to drive innovation and growth as a next-generation payments platform in Europe and Canada.
cartaworldwide.comFranc announced migration of InstantEFT in-app deposits from previous provider to Ozow, effective 1 November 2023.
blog.franc.appAP+ (eftpos) published TOSR v2.20 (Technical, Operational and Security Rules), the current governing rulebook for the eftpos network effective 24/10/2023.
auspayplus.com.auAbove Lending closes $200M Line of Credit - IV to fund consumer loan originations.
cbinsights.comState Street Bank and Trust Company amended its Master Custodian Agreement with Eaton Vance Funds, reflecting ongoing institutional custody relationships.
sec.govEach item is a dated development on the dossier of a company the Index tracks, linked to its announcement where the dossier recorded one. It is not every embedded finance announcement of the month. Deals between two tracked companies are listed once. Kinds are assigned from each announcement’s wording, and deals are ranked by the amount raised or paid, where disclosed.