Fintech

Watch more: Digital Shift With Increase’s Darragh Buckley An engineer sits across the table from a bank examiner. How does that conversation go? Better than you might think, Darragh Buckley would argue. ...

FinTech platform Adyen has expanded its partnership with restaurant/hospitality/retail tech company Toast. The expansion will bring the two companies’ relationship into the U.S. following collaborations throughout Ireland, the U.K., Canada and ...

A national bank charter promises FinTechs a more direct route into U.S. financial services. But the Office of the Comptroller of the Currency (OCC) is making clear that getting one ...

Rakuten Group achieved its first quarterly profit in six years in the second quarter as it saw revenue growth across its three segments: Internet Service, FinTech and Mobile, the company ...

American banking regulators have reportedly turned down Dutch FinTech Bunq’s request for a banking license. The Office of the Comptroller of the Currency (OCC) denied the request Friday (Aug. 7), telling ...

Payments solutions platform Nayax is the latest FinTech seeking an American banking charter. The Israel-headquartered company announced Thursday (Aug. 6) that it had applied to the Connecticut Department of Banking to establish Nayax America Bank Inc., a ...

A year after lowering the threshold for free shipping in Brazil, Mercado Libre has seen the offering drive “a structural change in behavior,” the eCommerce and FinTech company said in ...

For Chime Financial, direct deposit is proving to be the underwriting and repayment infrastructure for a growing lending business. That connection was clear in second-quarter results released after the markets closed ...

Block drew plenty of attention earlier this year when CEO Jack Dorsey announced plans to cut roughly 40% of the company’s workforce and put artificial intelligence at the center of ...

Banking-as-a-service has traditionally had sponsor banks for doing everything themselves: issuing accounts, holding deposits, processing payments and financing lending. But latest earnings from two sponsor-bank operators suggest some flexibility in the ...

AutoRek has expanded its artificial intelligence-powered reconciliation capabilities and its global presence by acquiring Grath. The acquisition adds Grath’s reconciliation and regulatory compliance software and infrastructure to AutoRek’s solutions that automate ...

Seventeen percent of card issuers have reached the high customer lifetime value (CLTV) tier. What sets them apart isn’t the number of capabilities they’ve deployed, but the order in which ...

Six years after its founding, banking infrastructure company Increase is now a bank. Increase Bank, announced in a news release Wednesday (July 29), is designed to combine a “modern bank core” ...

The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes with a Master Account. Monday (July ...

Dead people don’t spend much, but the federal government nearly sent them tens of millions of dollars anyway. The U.S. Treasury Department said Tuesday (July 21) that its government-wide verification process ...

Small businesses are not abandoning banks for cross-border payments, but they are giving FinTechs a much larger share of the work. That shift stands out in “The Cross-Border Opportunity,” a PYMNTS Intelligence and Mastercard report ...

Forward Financing, a provider of capital to small businesses across the United States, secured $525 million of new financing that brings the company’s total committed funding capacity to nearly $700 ...

Revolut has received a banking license from Australia’s financial regulator. The license from the Australian Prudential Regulation Authority (APRA), announced Tuesday (July 21), marks the U.K. FinTech’s official entry into the Asia-Pacific banking space. It also makes ...

Watch more: Why Stablecoins Are A Treasury Story, Not a Crypto Story Ask any corporate treasurer how many usable dollars their company has right now across every account in the country. You’ll ...

Embedded finance and the impact of FinTech pacts are showing up on bank balance sheets. There are different paths toward getting here. The latest earnings results from companies including Fifth Third, ...

MoneyLion has introduced a membership program designed to help consumers earn more from their paychecks. MoneyLion One, announced Monday (July 20), gives members access to daily cash back, investing and — later this summer ...

Walmart-backed OnePay has teamed with fellow FinTech Upgrade to launch a consumer loan program. OnePay’s Personal Loans offering, announced Monday (July 20), is aimed at addressing what the company describes as ...

For years, digital assets were something to buy and hold—a bet on the future rather than a way to pay for lunch. That calculus is shifting. Cryptocurrencies and stablecoins are ...

If Stripe’s reported pursuit of PayPal signals anything, it is that the next competitive frontier in payments may not be creating new consumer experiences at all. It may be replacing ...

It’s all about the consumer and artificial intelligence, even on a day when five big banks were tracking record-setting earnings. During JPMorganChase’s second-quarter earnings call Tuesday (July 14), executives described spending ...

Flex, a 3-year-old startup offering artificial intelligence-powered banking solutions for medium-sized business owners, was valued at $1.2 billion in a funding round, Reuters reported Tuesday (July 14), citing an unnamed ...

Small businesses do not need another financial dashboard. They need someone to notice that cash is running low before payroll is due, that a customer is paying later than usual ...

Blockchain finance innovation focused so much on using technology to remove intermediaries that it hasn’t yet had time to ask many different questions. One of the more pressing ones, at ...

The emergency fund used to sit in a savings account, earned modest interest, and waited for the water heater to fail or the transmission to give out. For many households, that ...

Internet financial platform Circle Internet Group has received approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, the company said in a ...

Watch more: Need to Know With Capital One Business’ Jay Michelini Every financial institution talks about transformation. The technical work may attract the headlines, but the organizational work often determines whether ...

Life comes at you fast, and so does money. That’s creating a growing problem for banks and their fraud, financial crime and cybersecurity defense perimeters. Two years ago, “bank-grade security” sounded ...

FinTechs are treating banking licenses as strategic infrastructure. Klarna’s decision to apply to establish Klarna Bank USA, a Utah-chartered industrial bank, illustrates that shift. The Swedish company filed applications with both ...

Klarna has become the latest FinTech aiming to become a regulated U.S. bank. The Swedish company announced Monday (July 6) that it had applied to the Utah Department of Financial Institutions and the Federal ...

Watch more: Digital Shift With AI-Empowered Mom’s Sarah Dooley Artificial intelligence (AI) has become synonymous with workplace productivity, helping employees summarize meetings, write code and automate repetitive tasks. But Sarah Dooley ...

For small businesses buying goods overseas, choosing a payment provider is becoming less about habit and more about finding the right tool for the job. The PYMNTS Intelligence report “The Cross-Border ...

Stablecoins and exchanges once solved each other’s biggest problem. Now they are each trying to compete for the other’s role in the financial value chain. The Tuesday (June 30) announcement that ...

For FinTechs weighing whether to become banks, the biggest obstacle arguably has been understanding where regulatory standards have tripped up other applicants. The Office of the Comptroller of the Currency is ...

Adding a FinTech partner has become much easier than managing dozens of them over time. To that end, banks and credit unions have been relying on outside providers for everything ...

Google Ventures has helped raise $30 million in funding for space-focused cross-border payments FinTech Nebex. The company’s seed round, announced Monday (June 29), will help it expand its platform and link sovereign space programs with the ...

Lawmakers spent much of Wednesday wrestling with a question that reaches well beyond faster payments: whether a regulatory framework built for deposit-taking banks can continue to govern a financial system ...

Green Dot has moved one step closer to separating its banking and FinTech operations. The company announced Tuesday (June 23) that its shareholders had approved the sale of Green Dot Bank to CommerceOne. That sale is ...

Card issuers are under pressure to make their card programs do more than process transactions. Consumers expect cards to work instantly, safely and everywhere, whether the card is physical, virtual ...

Revolut’s expansion plans now reportedly include South Africa as interest there in the FinTech grows. The British company plans to launch in Africa’s largest economy by 2028, an official told Bloomberg ...

Midas has reportedly applied to Turkey’s central bank for an electronic money institution license. The Istanbul-based FinTech hopes to begin offering digital consumer payment products, Bloomberg News reported Friday (June 19), ...