Connected economy: Revolut offers loans in the United States
Today in the connected economy, Revolut is partnering with Cross River Bank to expand its business in the United States. Additionally, global identity verification company Veriff is working with Alloy to tackle identity fraud, and UK property startups Fronted and Canopy are forming a partnership that allows tenants to transfer deposits from one property to another. .
Revolut partners with Cross River Bank to offer financial services in the United States
Cross River Bank, a technology infrastructure provider that offers integrated financial solutions, has partnered with Revolut to grow and grow Revolut’s business in the United States. The partnership will open US-based consumer loans for Revolut customers, add access to financial services for customers in the country, and let Revolut offer more vertical markets such as credit.
Veriff partners with Alloy to fight identity theft
Veriff has partnered with Alloy, an identity decision platform, to enhance Veriff’s Know Your Customer (KYC) offerings. The partnership will help banks and FinTechs fight fraud and stay compliant while providing additional identity verification capabilities and KYC solutions that can be used when onboarding customers in over 190 countries. Customers can access Veriff’s identity verification technology through Alloy’s platform, helping FinTechs and banks quickly verify identities when onboarding customers.
London property startups Canopy and Fronted team up to launch Lifetime Deposit
London-based property startups Fronted and Canopy have formed a partnership that allows tenants to transfer their deposit from one property to another, providing a solution to one of the biggest challenges facing tenants. Before the collaboration, the tenants had to provide a new deposit before being able to obtain the reimbursement of the previous one. Fronted’s Lifetime Deposit allows tenants to transfer their deposit from one landlord to another. At the same time, the real estate agent or owner is not required to adjust their workflows, which makes the process much more transparent.
GoDaddy brings Klarna’s BNPL option to domain secondary market
Internet domain registrar GoDaddy and Swedish company Buy Now, Pay Later (BNPL) Klarna are working together to make secondary market purchases of domains more accessible. Entrepreneurs can use the secondary market to purchase domain names, including high-value ones, either with registered offers or at a negotiated price. Under the terms of the agreement, Klarna customers can use BNPL to pay the cost of the domain name in installments.
Laiye Acquires Mindsay to Accelerate the Shift to Intelligent Automation
Chinese artificial intelligence (AI) company Laiye has acquired Mindsay, a European chatbot and voicebot platform, for an undisclosed sum. The purchase of Mindsay and its conversational AI furthers 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.