Today in FinTech: Affirm Enhances Poshmark; Veriff Expands KYC Services; Cross River Teams With Revolut 

today in fintech, payments, funding, affirm, poshmark, fraud, revolut, cross river

In today’s FinTech news, buy now, pay later (BNPL) innovator Affirm is teaming up with digital secondhand clothing pioneer Poshmark to bring style to an expanded base of users. Meanwhile, global identity verification provider Veriff is aligning with Alloy to build out its know-your-customer (KYC) offerings.

Affirm Teams With Poshmark to Offer Shoppers Flexible Payments

Installment credit firm Affirm is teaming up with eCommerce startup Poshmark to offer increased payment flexibility to shoppers. Of Poshmark’s 80 million users, eligible shoppers can tap Affirm and choose between monthly payments or four interest-free payments every other week for all items over $50. 

Veriff Partners With Alloy to Fight Identity Fraud

Global identity verification provider Veriff is partnering with the identity decisioning platform Alloy, to build out Veriff’s KYC offerings. The partnership will offer fraud-fighting tools, KYC solutions, and other fraud-fighting tools to stay compliant.

Revolut Partners With Cross River Bank to Offer Financial Services in US

Technology infrastructure provider Cross River Bank is teaming up with financial app Revolut with the goal of building and scaling Revolut’s FinTech business in the U.S. The tie-up will facilitate access to financial services in the U.S. while also enabling Revolut to integrate additional business verticals such as credit.

India’s Innovation in Payments Tech: How Far It Has Come and What Can We Expect?

India is a prime example of a country being able to pivot from a cash-dependent economy to an economy known for its digital payments landscape. Cashfree Co-founder Reeju Datta in the PYMNTS eBook, “Endemic Economics: 32 Payments Execs on the ‘Next Normal’ That Never Happened.”

24% of Credit Union Members Would Switch FIs for Digital Innovations

When consumers are picking a financial institution, digital features make a difference. In fact, 24% of credit union members would consider switching to new financial institutions over innovation, according to “Credit Union Innovation,” a PYMNTS and PSCU collaboration based on a survey of 4,832 U.S. consumers, 101 credit union decision-makers and 51 FinTech executives.