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Equifax Buys Commercial Credit Data Company Ansonia

PYMNTS

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. trillion in accounts receivable data from industries in North America. In contrast, the credit data company’s international revenues in Q2 fell during that time, according to a statement.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Amid that growth, many of those lenders stated they have been using alternative data in tandem with what might be termed “traditional” information as they make credit decisions. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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Mitek Systems Rejects Offer From Elliott Management, ASG Technologies

PYMNTS

Mitek Systems , the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management , the hedge fund and ASG Technologies , the software company. It also wants to increase the development of Mitek’s technology that helps banks verify the identities of customers.

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China’s Wanwu Xinxuan eCommerce Platform Lands $20M; Experian Acquires FinTech Startup To Enhance Open Data Offering

PYMNTS

Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. The deal combines Experian’s global open data solutions with Look Who’s Charging’s advanced enrichment capabilities. “The

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Nav Rolls Out Updated Embedded Financing Tool

PYMNTS

Embedded finance, the release noted, refers to the integration of financial service technologies with other provider solutions. The method will grow tenfold in the next five years, the release stated, citing a Lightyear Capital analysis, as businesses look for ways to access simple, transparent business solutions.

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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). Stripe raised Series I financing.

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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

PYMNTS

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners.