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fintech industry
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- 1Monarch acquires personal finance startup HMBradley▼Exclusive: Personal finance startup Monarch buys HMBradley
Personal finance startup Monarch has acquired HMBradley, according to an exclusive report by Axios. The deal brings HMBradley, a fintech known for its banking and savings products, under Monarch, which offers a budgeting and money management app. The move signals continued consolidation in the consumer fintech space, though financial terms and strategic details of the transaction have not been disclosed.
- 2Fintechs Conceal KYC Vendors Far More Than Sponsor Banks, Apideck Index Finds●Apideck’s Inaugural Embedded Finance Index Reveals Fintechs Hide KYC Vendors 2.8x More Than Sponsor Banks
Apideck has released its first Embedded Finance Index, an analysis of the embedded finance sector that finds fintech companies disclose their KYC (know-your-customer) vendors 2.8 times less often than their sponsor banks. The report highlights a transparency gap in how identity and compliance providers are revealed across the ecosystem, a point likely to draw attention from compliance teams, partners and regulators tracking vendor risk.