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FinTech News 📰

19 August 2025 09:36

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FinTech News 📰

18 August 2025 21:35

Information for the week of August 11, 2025, here are the key facts for the fintech industry:

### Acquisitions and Mergers

* Western Union announced its agreement to acquire Intermex in an all-cash deal valued at approximately $500 million. The acquisition is intended to strengthen Western Union's presence in the U.S. and expand its market reach in Latin America. The deal, which is expected to close in mid-2026, has been unanimously approved by the boards of both companies.

### Funding and Investments

* Fintech funding experienced a slower week, with the global sector raising a total of approximately $220 million across 14 funding rounds.
* Blue J, an AI-powered tax research and analytics platform from Canada, secured the largest deal of the week with a $122 million Series D funding round.
* Smart Pension, a UK-based WealthTech company, received a significant €69.4 million credit facility (approx. $76.3 million) to support its expansion and consolidation efforts in the UK pensions market.
* 1Kosmos, a U.S.-based RegTech firm specializing in identity proofing, raised $57 million in Series B funding.
* Other notable raises included:
* GeoWealth (U.S., $38 million) for its advisor and asset management platform.
* Pantomath (U.S., $30 million) for its AI-driven data operations platform.
* Zodia Markets ($18.25 million) for its digital asset platform focused on stablecoins.
* ONERWAY (UK, $10 million) for its global payments infrastructure.

### Regulatory and Market Developments

* The U.S. Securities and Exchange Commission (SEC) launched an AI Task Force to centralize efforts and foster collaboration across its divisions. The task force is focused on using AI to enhance operational efficiency, improve market oversight, and protect investors.
* The U.K.'s Financial Conduct Authority (FCA) provided details on the role of a new open banking standards body.
* Fintech and crypto executives urged President Trump to block new bank fees on customer data, warning that such fees could hinder innovation.
* Wells Fargo announced an enhanced cooperation with Google Cloud to enable "agentic AI" in its operations.
* The Commodity Futures Trading Commission (CFTC) indicated it wants to enable spot trading on futures exchanges.

### Product and Partnership Announcements

* MarketAxess launched its Mid-X offering for the U.S. credit market, which uses an AI-driven pricing engine to enhance liquidity and execution efficiency.
* CME Group expanded access to its foreign exchange liquidity pool through new partnerships with Trading Technologies (TT) and Integral.
* FedEx partnered with J.P. Morgan Payments and Oracle to integrate its ecosystem with J.P. Morgan's Supply Chain Finance and the Oracle Cloud ERP to improve working capital access.
* Rewards app Fetch launched the Fetch American Express® Card, powered by fintech Imprint.
* SS&C introduced Invoice Data Agent, an AI-powered tool that automates invoice processing.
* Two community banks, Family Financial Credit Union and HSLC, partnered with AI fintech companies Algebrik AI and Vine, respectively, to upgrade their digital lending capabilities.
* One Inc. collaborated with Insurtech INTX to modernize digital insurance workflows.

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