FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

IWallet Enables Small Businesses to Use Zelle for Invoicing
IWallet Enables Small Businesses to Use Zelle for Invoicing
September 25, 2024  |  SMBs

FinTech startup iWallet now enables small- to medium-sized businesses (SMBs) to use Zelle for invoicing. While Zelle is often considered a tool for peer-to-peer transactions,...

READ MORE >
Galileo Targets Underbanked Consumers With Secured Credit Options
Galileo Targets Underbanked Consumers With Secured Credit Options
September 25, 2024  |  Credit Cards

Galileo Financial Technologies introduced a credit offering aimed at underbanked/underserved consumers. Secured Credit with Dynamic Funding is designed to simplify the secured credit process, making...

READ MORE >
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024  |  Regulation

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction....

READ MORE >
36% of Gen Z Pick FinTechs Over Banks for Online Payments
36% of Gen Z Pick FinTechs Over Banks for Online Payments
September 25, 2024  |  Banking

As digital solutions become more widely adopted, traditional financial institutions (FIs) face an escalating challenge from agile FinTech competitors. Younger consumers gravitate toward personalized financial...

READ MORE >
PayMate Expands Into Indonesia With $400 Million DigiAsia Deal
PayMate Expands Into Indonesia With $400 Million DigiAsia Deal
September 24, 2024  |  Acquisitions

B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with...

READ MORE >
Nuvei Adds Split Payments to Its Platforms Offering
Nuvei Adds Split Payments to Its Platforms Offering
September 24, 2024  |  Payment Methods

Nuvei has unveiled several new features and enhancements for its Nuvei for Platforms product. “Nuvei for Platforms is designed to accelerate growth and drive revenue for...

READ MORE >
Cross River and Forward Team on Embedded Payments for SaaS Firms
Cross River and Forward Team on Embedded Payments for SaaS Firms
September 24, 2024  |  Partnerships

Cross River Bank has formed a partnership with embedded payments company Forward. The collaboration is designed to use embedded payments to address payment challenges the companies say are...

READ MORE >
Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
Bahrain’s AI Push in Middle East Could Serve as Model for Region, Experts Say
September 23, 2024  |  Artificial Intelligence

Bahrain, an archipelago nation of 1.5 million people, is emerging as an unlikely leader in the artificial intelligence race in the Middle East. Bahrain’s push...

READ MORE >
Priority Debuts Enhancements to Its Banking and Treasury Passport
Priority Debuts Enhancements to Its Banking and Treasury Passport
September 23, 2024  |  Banking

Priority has introduced enhancements to the Passport product within its banking and treasury solutions platform. Among the changes announced by the unified commerce company Monday (Sept. 23) is...

READ MORE >