This week on the Finovate Podcast, Finovate VP and podcast host Greg Palmer sat down with Brian Lee, CEO of Landings Credit Union. Their conversation comes in advance of a special session at FinovateSpring next month, dedicated specifically to the credit union ecosystem. A part of Landings Credit Union for nearly a decade, Lee has spent the last four years as CEO. He started as CFO of the Arizona-based financial institution and, before that, worked as both a regulator and in public accounting. Founded in 1953 as “Tempe Schools Credit Union,” Landings Credit Union today has more than 15,000 m ..read more

A look at the companies demoing at FinovateSpring in San Francisco on May 21 and 22. Register today using this link and save 20%. Atomic Atomic’s PayLink simplifies subscription management by allowing consumers to efficiently manage, modify, and optimize recurring payments and subscriptions within their financial institutions. Features Update payment methods and change payment dates Pause or cancel subscriptions and resubscribe without the hassle Upgrade, downgrade or switch plans Who’s it for? Banks, fintechs, card networks, credit unions, etc. ScribeUp ScribeUp is the best-in-class ..read more

Finovate is best known for showcasing seven-minute fintech demos, and for this year’s FinovateSpring event (taking place May 21 through 23 in San Francisco), we have a lineup of fresh faces. Of the 40+ companies that will showcase their new technology during the conference, 33 companies have never set foot on the demo stage before. That’s 33 companies that are new to us– and may very likely be new to you, too. Here’s an overview of the new-to-Finovate demo companies currently on the roster: APIMatic APIMatic helps banks and fintechs generate ROI from their API investments via automation and ..read more

Impact asset manager Finance in Motion has teamed up with financial crime compliance specialist Napier AI. Finance in Motion will deploy Napier AI Continuum as its anti-money laundering and counter terrorist financing (AML/CTF) platform. London-based Napier AI made its Finovate debut at FinovateEurope in 2018. Financial crime compliance company Napier AI announced a partnership with impact asset manager Finance in Motion this week. The partnership calls for Finance in Motion to deploy Napier AI Continuum as its anti-money laundering and counter terrorist financing (AML/CTF) platform. Addit ..read more

ComplyAdvantage announced plans to acquire knowledge engine builder Golden Recursion for an undisclosed amount. ComplyAdvantage will implement Golden’s data extraction and disambiguation methods to help financial institutions minimize their risk of financial crime. The deal will also increase ComplyAdvantage’s footprint in the U.S. and will make Andreessen Horowitz (a16z) a top shareholder of ComplyAdvantage. Fraud and AML risk detection platform ComplyAdvantage announced it has agreed to acquire knowledge engine builder Golden Recursion. Financial terms of the deal were not disclosed. Fou ..read more

What do Apple Federal Credit Union, Carter Credit Union, and SCE Credit Union all have in common? All three financial institutions announced this month that they are teaming up with small business lending platform JUDI.AI. In a series of blog posts at the company’s website, JUDI.AI’s Director of Marketing Kyle Thom welcomed the three credit unions to what he called “our growing group of 35+ forward-thinking community lenders who are on a mission to reinvent small business lending.” JUDI.AI offers credit unions and community banks an alternative approach to helping small and medium sized busi ..read more

Betterment has agreed to acquire Goldman Sachs’ Marcus Invest. The deal does not apply to Marcus Deposits and does not cover any of Marcus’ technology, employees, or operations. Financial terms of the deal, as well as the number and value of Marcus Invest accounts, were undisclosed. Automated investing service Betterment signed a deal with Goldman Sachs to acquire the digital investing accounts at Marcus Invest. Marcus Invest, which offers digitally customized investment portfolios to consumers, will transfer these accounts to Betterment in the coming months. Financial terms of the deal we ..read more

Data privacy vault Skyflow has raised $30 million in an extension Series B round led by Khosla Ventures. The investment comes amid growth in the market for sensitive data protection for Large Language Models (LLMs). Founded in 2019, Skyflow made its Finovate debut at FinovateSpring 2022. Data privacy vault Skyflow raised $30 million in an extension of its Series B funding round. The round was led by Khosla Ventures, and featured participation from existing investors Mouro Capital, Foundation Capital, and Canvas Ventures. The investment takes the company’s total equity capital to $100 milli ..read more

A look at the companies demoing at FinovateSpring in San Francisco on May 21 and 22. Register today using this link and save 20%. Modernbanc Modernbanc helps companies effortlessly manage, secure, and reconcile their payment data. Their new AI-powered reconciliations product helps companies automate financial processes. Features Automates the most complex reconciliation or financial ETL in minutes Leverages the power of AI and no-code to give finance teams the superpower of developers Provides native support for live payments data Who’s it for? Financial institutions, fintechs, platf ..read more

TabaPay plans to acquire the assets of troubled BaaS company Synapse Financial Technologies. TabaPay will use the assets to widen its selection of financial services. The news comes as Synapse has filed a voluntary bankruptcy petition under Chapter 11. Instant payments fintech TabaPay has announced plans to acquire the financial assets of troubled BaaS company Synapse Financial Technologies. TabaPay will use Synapse’s assets to bolster its selection of financial services for fintech firms and financial institutions. Both TabaPay and Synapse offer payouts and payments processing technologie ..read more