Today, in the connected economy, Revolut is teaming up with Cross River Bank to expand its business in the United States. Also, global identity verification firm Veriff is partnering with Alloy to fight identity fraud, and UK property startups Fronted and Canopy are forming a partnership that will allow tenants to transfer security deposits from one property to another.
Revolut partners with Cross River Bank to offer financial services in the US
Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, has partnered with Revolut to build and scale Revolut’s business in the US country and let Revolut offer more verticals like lending.
Veriff partners with Alloy to fight identity fraud
Veriff has partnered with Alloy, an identity decision-making platform, to enhance Veriff’s Know Your Customer (KYC) offerings. The partnership will help banks and FinTechs fight fraud and comply with regulations while providing additional identity verification capabilities and KYC solutions to be used when onboarding customers in more than 190 countries. Customers can access Veriff’s identity verification technology through Alloy’s platform, which helps FinTechs and banks quickly verify identities during customer onboarding.
London property startups Canopy and Fronted partner to launch Lifetime Deposit
London-based property startups Fronted and Canopy have partnered to allow renters to transfer their security deposit from one property to another, offering a solution to one of the biggest challenges renters face. Prior to the collaboration, tenants were required to post a new security deposit before they could receive a refund of their previous security deposit. Fronted’s Lifetime Security Deposit allows renters to transfer their security deposit from one landlord to the next. At the same time, the agent or landlord does not have to adjust their workflows, which makes the process much smoother.
GoDaddy brings Klarna’s BNPL option to the domain aftermarket
Internet domain registrar GoDaddy and Swedish BNPL company Klarna (Buy Now, Pay Later) are collaborating to make shopping in the domain aftermarket more accessible. Entrepreneurs can use the aftermarket to buy domain names, including high-quality ones, either with registered bids or at a negotiated price. Under the terms of the deal, Klarna customers can use BNPL to pay for the domain name in installments.
Laiye Acquires Mindsay to Accelerate Transition to Intelligent Automation
Chinese artificial intelligence (AI) company Laiye has acquired Mindsay, a European chatbot and voicebot platform, for an undisclosed amount. The acquisition of Mindsay and its conversational AI supports Laiye’s goal of becoming a global provider of next-generation intelligent automation software. In addition, Laiye aims to open a research and development center in Paris.
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NEW PAYMENT DETAILS: INNOVATION STUDY ON THE FUTURE OF TRADE LIABILITIES – APRIL 2022
Above: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow transparency, 56% believe the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with sales ranging from $500,000 to $100 million to find out how all-in-one solutions are exceeding SMB expectations and future-proofing their businesses be able.
