S&P Global Market Intelligence rounds up financial technology companies' recent product launches, partnership announcements and fundraising activity, as well as regulatory developments in the fintech space. Please send tips to Rachel.Stone@spglobal.com. For more fintech news, click here.
BMO Financial Group is using ACI Worldwide Inc.'s Universal Payments real-time payments service to provide better payment experiences to customers, as well as to launch a Zelle-powered business-to-consumer payments service.
Mastercard Inc. launched the Mastercard Innovation Engine, a digital platform to help banks and merchant partners deliver new digital capabilities and experiences to customers.
Payment Data Systems Inc. unit FiCentive Inc. agreed to provide its Akimbo Prepaid Mastercard product to Snowfly Performance Incentives' customers.
Payments processor MiCamp Solutions LLC added Poynt Co.'s smart payment terminals to its platform to provide better services to merchants.
Mastercard and self-service kiosk technology provider ZIVELO Inc. teamed up to launch an artificial intelligence-powered voice assistant and dynamic menu at certain quick-service restaurants, beginning with Sonic Drive-In.
Bangladesh-based Jamuna Bank Ltd. integrated MoneyGram International Inc.'s platform to allow customers to receive money straight into their bank accounts.
Bank of America Merrill Lynch's CashPro, a platform that allows companies to manage working capital and treasury activities, is now available on the Apple Watch, the Charlotte Business Journal reported.
Banking and lending
Toronto-based Canadian Imperial Bank of Commerce rolled out CIBC Smart Banking for Business, which it said will help small- and medium-sized business owners manage their company's finances, including payroll, pending invoices and receivables, and other upcoming payments.
WoodmenLife deployed SS&C Technologies Holdings Inc.'s cloud-based Precision LM software to improve the reporting and portfolio management of its commercial mortgage loan portfolio.
SAFE CU is implementing NCR Corp.'s Promotion Suite Premium tool, which will use real-time geofencing information to improve the digital banking experience for its members.
Online banking platform Azlo Business Inc. and small-business lending platform Kabbage Inc. partnered to launch Mission Street Capital, which will provide loans of up to $250,000 to Azlo customers.
Insurance and healthcare
Great American Insurance Group’s crop division launched a mobile application for policyholders to report crop insurance information, such as notices of losses and access claims.
Marketing and analytics
Industrial Alliance Insurance and Financial Services Inc. chose Moody's Corp.'s RiskIntegrity IFRS 17 solution to prepare for reporting requirements under International Financial Reporting Standard 17.
Administration and security
Banking technology provider Q2 Holdings Inc. launched Q2 TrustView, which safeguards data by fragmenting information across a blockchain network and rendering data-at-rest useless to unauthorized entities.
Trading and investing
Financial adviser firm Waddell & Reed Financial Inc. launched WaddellONE, a platform that will allow its financial advisers to directly connect with the company's existing technology partners and streamline access to existing quick-link and online applications in one location.