WealthTech Weekly June 10, 2022

Welcome to the news highlights of this week. 

What’s going on: Wealthtech Lumiant nets $3M, Photon Commerce inks a collaboration with Identifee, Monty Finance entrenches in all European markets, Rauva aims for 20M users in the Mediterranean, Stuart DePina leaves Envestnet, Spanish Plazo partners with German Mambu, and Trulioo unwraps a major update while LIMRA joins Verisk to help financial services fight fraud. Let’s get a close-up.

Australian Lumiant, an advice and client engagement platform provider, gets a $3M investment from Savant Wealth Management. Listed on FinTech Global’s 2022 WealthTech 100, Lumiant has an ambitions plan how to spend the money.

Read the full article here.

Photon Commerce, which offers a leading AI infrastructure for Fintech, will provide its AI API to Identifee. With the help of this technology, the company will let financial services generate and deliver personalized insights to clients. 

Read the full article here.

It’s official: Monty Finance has secured positions for its digital banking and payment services in all European markets.

Read the full article here.

Rauva, a Lisbon-based startup aimed at SMEs and freelancers, sets itself for a big start in Mediterranean Europe in 2023. Learn what Rauva has to impress.

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Stuart DePina, the president of Envestnet, a U.S. Fintech corporation serving financial advisors, leaves the company as it announces a big restructuring.

Read the full article here.

Spanish neobank Plazo says it has joined forces with Mambu to facilitate customer access to its new lending products. 

Read the full article here.

As regulation pressure grows, Trulioo will enable more robust and diverse identity verification. This week, Canadian Fintech has released updates to its GlobalGateway platform.

Read the full article here.

LIMRA and Verisk combine their anti-fraud products to serve insurance, annuities and retirement markets. “Working together, we can provide a well-rounded suite of anti-fraud and financial crime solutions for a broader scope of financial products with real-time access capabilities,” comments Maroun Mourad, president of life and growth markets at Verisk.

Read the full article here.

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