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.
47% of FinTechs Enable Sending P2P Payments
47% of FinTechs Enable Sending P2P Payments
May 10, 2024  |  Digital Payments

FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have...

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Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
May 10, 2024  |  Acquisitions

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, the recent news that...

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TabaPay Ends Planned Acquisition of Synapse
TabaPay Ends Planned Acquisition of Synapse
May 09, 2024  |  Acquisitions

TabaPay has reportedly ended its planned acquisition of bankrupt FinTech company Synapse. A TabaPay spokesperson told TechCrunch on Thursday (May 9) that the company had “pulled out”...

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InsurTech Firm Cover Genius Taps Adyen for Payments Processing
InsurTech Firm Cover Genius Taps Adyen for Payments Processing
May 09, 2024  |  Partnerships

InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims...

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How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
May 08, 2024  |  SMBs

A record-breaking number of new business applications were filed in the United States last year; 5.5 million, to be exact. While that’s a great sign for American entrepreneurship, the surge in...

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Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
May 08, 2024  |  Investments

U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion,...

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Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons
May 07, 2024  |  Earnings

Marqeta’s latest results and commentary showed momentum in the company’s transaction processing operations — and opportunity in nascent markets such as earned wage access.  CEO...

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FIS Targets $200 Billion Addressable Market in Global Money Movement
FIS Targets $200 Billion Addressable Market in Global Money Movement
May 07, 2024  |  Banking

At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions...

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FIS Launches Embedded Finance Platform for Financial Institutions and Businesses
FIS Launches Embedded Finance Platform for Financial Institutions and Businesses
May 07, 2024  |  B2B Payments

FIS has launched an embedded finance platform designed for use by financial institutions, businesses and software developers. The new “Atelio by FIS” platform can help...

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