Fintech

One of enterprise technology’s oldest assumptions just broke. Programming, long treated as a scarce and tightly controlled skill, is no longer reserved for engineers. AI systems from leading companies can now ...

Visa Canada launched a collaboration with remittance-focused FinTech platform RemitBee, according to a Wednesday (May 6) press release. The partnership is designed to integrate Visa Direct into RemitBee’s cross-border payment platform ...

Banks, payment firms and digital platforms are rebuilding identity verification around what many executives now describe as “ID supply chains,” a networked approach to trust that distributes identity checks, risk ...

A pair of Canadian banks is reportedly in talks to sell payments-focused FinTech Moneris. The deal between Royal Bank of Canada and Bank of Montreal and the private equity firm Francisco ...

Consumer FinTech company OnePay aims to add stablecoin payouts and account funding to its banking product through a new partnership with the Tempo blockchain. After initially focusing on stablecoin payouts and ...

SoFi’s first-quarter results point to a platform strategy that is no longer aspirational but measurable, as member growth, product adoption and cross-selling combine to deepen engagement across its ecosystem. But in ...

Online lending platform OppFi is set to acquire BNC Bank for $130 million. The deal, announced Wednesday (April 29), is designed to capitalize on both OppFI’s digital finance capabilities with BNC’s national banking charter. “Combining our operations under ...

Lending and financial wellness FinTech Kashable has reportedly raised $60 million in new funding. As Crunchbase reported Monday (April 27), the company’s Series C round was led by Goldman Sachs Alternatives’ Sustainable Investing, which has ...

FinTech Mercury says it is one step closer to become a national bank The company announced Monday (April 27) that it has gotten conditional approval for a national banking charter from ...

Recent FinTech dealmaking has been marked by firms pursuing acquisitions that extend control across payments, data, incentives and settlement. The strategies are arcing toward determining how transactions are created and ...

Paytm Payments Bank has lost its license following years of regulatory limits on its business. The Reserve Bank of India (RBI) announced Friday (April 24) that it was canceling the license ...

Adyen plans to acquire Talon.One, a platform for loyalty and incentives that serves more than 300 global merchants, for a total consideration of 750 million euros (about $878 million). The companies ...

The future of payments infrastructure may hinge less on technology than on who is permitted to connect to it. Legislation introduced in the U.S. House this week, known as the Payments ...

Across FinTech, the workforce is getting smaller. Leadership teams are calling it a recalibration. The layoffs now underway in the sector indicate a deliberate structural shift as companies unwind hiring decisions ...

Issuer-processor Paymentology has launched a partnership with financial services company Change Financial. The collaboration, announced Tuesday (April 21), is designed to accelerate payment method adoption and FinTech growth across Australia. “Australia is ...

Most banks pay OpenAI or Anthropic for access to artificial intelligence. Revolut built its own. The London-based neobank trained a proprietary model called PRAGMA on 40 billion transactions, app interactions and ...

Revolut is reportedly targeting a $200 billion valuation in its eventual public listing. That’s according to a report Tuesday (April 21) from the Financial Times (FT), citing investors who have been briefed by the ...

Revolut’s chief executive says the FinTech wants to go public, just not right away. Speaking with Bloomberg News in an interview published Monday (April 20), Nik Storonsky said an initial public offering (IPO) ...

Secured credit cards have never had the glamour their more luxury and premium card cousins command. Traditionally, they haven’t had much glamour at all. Secured credit cards have long been tools ...

Private credit outfits are reportedly turning to consumer debt for high-yield investments.  That’s according to a report Sunday (April 19) from The Wall Street Journal (WSJ), which cited the example of ...

Community banks have made meaningful progress in digitizing account opening, but the competitive battleground for deposits is shifting. Opening and even funding accounts are no longer enough to secure lasting ...

Latin America’s digital economy is advancing at a steady pace, yet much of the region’s commercial activity still operates beyond formal financial channels, leaving payments firms to contend with a ...

OpenAI has acquired artificial intelligence-(AI) powered personal finance startup Hiro Finance. The deal will see Hiro’s team join OpenAI, founder Ethan Bloch said in a LinkedIn post Monday (April 13). Bloch ...

  Moving money across borders still means navigating a patchwork of correspondent banks, local clearing systems and compliance checks that slow transactions, inflate costs and introduce uncertainty to every step. The demand ...

U.K. FinTech Wise is reporting a surge in cross-border transactions ahead of its Nasdaq listing. In a trading update Monday (April 13), the company says those transactions jumped 26% during its fourth quarter to 49.4 ...

For decades, credit and payment decisions have relied on static scorecards and rigid “if-then” rules built for a slower payments environment. That model is now under strain. As transactions move ...

Credit union service organization (CUSO) Velera has expanded its Fintech Engagement Program to include FinTech partners that will offer credit unions discounted pricing, waived fees or other exclusive benefits. Velera announced ...

Regulators’ proposed anti-money laundering (AML) rulemaking, introduced this week, offers a clear path for how compliance will be expected to operate as financial services continue to digitize and expand across ...

Pay by Bank provider Trustly says it now has more than 120 million users worldwide.  “Trustly’s rapidly growing user base reflects the increasing adoption of Pay by Bank seen around the ...

The Middle East has, in recent years, stood out among the more productive settings for payments innovation, where digital adoption and infrastructure development have advanced in tandem and given rise ...

The companies that process the world’s payments have spent decades building a record of how money moves across merchants, geographies and account types. Every transaction carries a timestamp, a merchant identity, ...

Cryptocurrency exchange Coinbase last week won conditional regulatory approval for a national banking trust charter. And much like previous approvals, this one has drawn criticism from the banking sector, represented here ...

Bolt has cut at least a third of its workforce amid reports of financial pressures. The move by the one-click checkout startup was first reported Sunday (April 5) by FinTech Business ...

Chime has launched a premium membership tier that rewards members who make Chime their primary checking account. The new Chime Prime is automatically delivered to members who receive at least $3,000 ...

Private credit has expanded into one of the most influential funding channels in the financial realm. But scale is now revealing strains that were less visible during periods of steady inflows. ...

Neobanks have spent the better part of a decade refining digital-first models and then attempting to transplant them into new markets—with at least some strategy that what works in in ...

FinTech partnerships with credit unions rose nearly 20% last year, even as similar arrangements with large banks fell sharply, indicating a reallocation of effort toward institutions that can move more ...

Money transfer FinTech Wise is making a new push into the banking space. The company on Monday (March 30) announced the launch of its UK Current Account, framing it as a challenge to Great Britain’s ...

Plaid’s chief financial officer says the financial data network is not racing to go public. Preparations for the initial public offering (IPO) are ongoing, but Seun Sodipo told The Wall Street Journal (WSJ) ...

The earliest interactions between a consumer and a financial provider rarely take place in a branch, and the account opening is just the beginning. The most important moment, arguably, happens ...

The assumption that consumers are motivated primarily by upside has defined the go-to-market playbooks of payments companies, FinTechs and consumer brands for years. However, findings in the January report “Wage to ...

Public listings have long been the preferred exit for FinTechs seeking new avenues to raise capital and, arguably, to enhance their visibility and reputations. And especially for payments firms, trading platforms ...

Embedded finance is increasingly central to how B2B companies buy and sell, but it only works as well as the bank or FinTech behind it. New PYMNTS Intelligence research finds ...

Neobanks have spent years proving they could attract users. And now, there are indications that scale is translating into durable banking economics. Revolut’s latest results underscore that transition. As PYMNTS reported ...

UK-based FinTech Revolut says its subscription income helped drive record profits last year. The company released its annual report Tuesday (March 24) showing profits of $2.3 billion, with revenues of $6 ...