Fintech

E-commerce and FinTech company MercadoLibre increased its investment in artificial intelligence by $30 million quarter over quarter as it builds its work around AI, the company said in a Wednesday ...

Revolut’s valuation has climbed to $115 billion with its latest round of funding. The U.K. FinTech announced the figure Wednesday (Nov. 4), noting that it follows its recent conditional banking charter approval in ...

The chief executive of England’s Starling Bank is reportedly departing after just two years. That’s according to a report Wednesday (Nov. 4) from the Financial Times (FT), which notes that Raman Bhatia’s exit comes as the FinTech ...

Treasury/cash management FinTech Embat has launched a new partnership with J.P. Morgan Payments. Embat announced Wednesday (Nov. 4) that it has integrated J.P. Morgan’s new banking authorization service (BAS) API for ...

Digital finance platform OppFi has withdrawn its applications to banking regulators related to its proposed acquisition of BNC National Bank and its parent company, BNCCORP, the company said in a Tuesday (Nov. 3) press release. OppFi withdrew ...

Watch more: Need to Know With Mural’s Sinclair Toffa As stablecoins, real-time payment networks and artificial intelligence converge, financial infrastructure providers are confronting the fact that competitive questions are now becoming ...

Former Swift CEO Lazaro Campos joined stablecoin yield infrastructure provider OpenTrade as chair of the board, OpenTrade CEO and Co-Founder David Sutter said in a Thursday (Oct. 29) post on ...

FinTech platform Adyen expects to add as many as 1,100 specialized engineering and go-to-market roles this year to meet the needs of its existing commercial momentum and to capture growth ...

British regulators are reportedly reviewing Revolut’s process for approving new products. The Bank of England’s Prudential Regulation Authority (PRA)  issued what is known as a section 166 earlier this year to ...

FinTech Revolut debuted its first credit product since becoming a licensed United Kingdom bank, according to a Monday (Oct. 26) press release provided to PYMNTS. The company’s unsecured personal loans offering ...

Fiserv has announced that Raj Seshadri, senior strategic advisor to the CEO of Mastercard, will join Fiserv’s board of directors and enhance its collective expertise around uniting commerce and finance. She will join ...

FinTech company Sezzle has begun the formal charter application process to establish a national bank that would offer a broad range of banking products and services, the company said in a ...

Cognitive Credit, a provider of specialist data, infrastructure and artificial intelligence solutions for global corporate credit markets, secured a $40 million strategic growth investment to accelerate its commercial expansion in ...

TD Bank U.S. and data network Akoya are collaborating to help financial apps and data providers connect to TD through secure APIs, the companies said in a Tuesday (Oct. 20) ...

Launching a FinTech often starts with a simple plan. Get the right state licenses, team up with a bank and start moving money. But success brings a new problem. Once ...

Small businesses in the United States purchasing overseas want faster payments, lower fees and better exchange rates. Financial providers are combining accounts, currency management and spending services around that activity. The ...

Nasdaq reported higher third-quarter revenue and earnings Thursday (Oct. 22), supported by growth in its financial technology and capital markets businesses as the exchange operator continues investing in technology and ...

Digital money is pushing banks toward making decisions about infrastructure well beyond whether to issue a token. Among the decisions that need to be made: Which forms of digital money ...

FinTech company Mercury added an artificial intelligence-native payroll solution to its offerings so that founders can pay employees and contractors from the account they already use to manage their money, ...

B2B payments company Boost Payments Solutions has launched a partnership with financial operating system Airwallex. The collaboration is designed to enhance Boost’s international commercial card processing capabilities and help it streamline ...

Cross River Bank plans to add branded wallet, stored value and loyalty rewards technology to its regulated financial infrastructure by acquiring FinTech company Accrue, Cross River said in a Tuesday (Oct. 20) ...

Finance platform Ramp aims to form a national trust bank that would offer fiduciary investment management and custody of digital assets, the company said in a Monday (Oct. 19) post on X. Ramp submitted an application to ...

As FinTechs scale, they bring banks more deposits, loans, transactions and fees while gaining more choice over which institutions provide the funding and infrastructure behind them. Upgrade facilitated more than $53 ...

Equifax now offers consumer-permissioned financial insights enabled via Mastercard Open Finance alongside the Equifax consumer credit file, the company said in a Friday (Oct. 16) press release. Equifax customers can now ...

Some of the U.K.’s digital lenders to small businesses have reportedly reached profitability more quickly than consumer-focused FinTechs. That’s according to a report Thursday (Oct. 15) by the Financial Times (FT), ...

Nuvei has secured a license to offer local merchant payments services in South Africa, the global FinTech company said in a Wednesday (Oct. 14) press release. The authorization came from the ...

Watch more: Need to Know | Sofi Tech Solutions | Prashant Shah Speed and simplicity helped FinTechs establish themselves as alternatives to traditional financial institutions. Those qualities carry less weight as competitive ...

A FinTech that wants to sell to 10 credit unions can face 10 separate onboarding processes. For a market made up of thousands of individual institutions, that repetition can affect ...

FinTech Bakkt turned to Thredd to launch a card-as-a-service program in the United States designed to settle in stablecoins, according to a Tuesday (Oct. 13) press release. The partnership will see ...

PayJoy, a financial service provider for underserved consumers in emerging markets, has acquired Mexican FinTech Finia. The deal is designed to let PayJoy apply Finia’s technology and expertise to its platform, enhancing ...

FinTech company Upgrade aims to establish a Nevada-chartered industrial loan bank, saying in a Monday (Oct. 12) press release that this would complement the company’s existing relationships with bank partners ...

Compliance remains labor-intensive for financial institutions, which must satisfy multiple regulators and meet extensive documentation requirements. Leela is built to perform much of that work rather than simply provide information. ...

Ramp has reportedly reached a $60 billion valuation with its newest funding round. That’s according to a report Friday (Oct. 9) by Bloomberg News, citing sources familiar with the matter. They ...

OPay, a digital financial platform built for emerging markets, has 50.1 million monthly active users and sees an addressable opportunity across billions of users and millions of merchants, the company ...

Revolut aims to expand its suite of technology products and, over the long term, grow to be as large as the biggest U.S. tech companies, CEO Nik Storonsky said Friday (Oct. 9), according ...

If Revolut pursues an initial public offering, CEO Nik Storonsky wants the primary listing to be in the United States, Bloomberg reported Thursday (Oct. 8). During an interview with Bloomberg TV, Storonsky said, per the report: “That ...

Wise is reportedly negotiating a settlement after a software glitch affected thousands of customers’ tax statements. The money transfer app this week contacted roughly 4,000 U.K. users of its Wise Asset ...

A bank can monitor a login, score a transaction and flag unusual account activity. It can’t see the text message that convinced its customer to send the money, which is ...

Neobanks are spending far more on fraud prevention even as their fraud losses continue to rise. Fraud prevention spending among neobanks, digital-only banks and FinTechs jumped 357% in a year, from ...

Watch more: Need to Know With Max Spivakovsky of SoFi Tech Solutions A consumer does not have to stop spending to become more careful about money. Debit spending offers a closer look ...

Conventional wisdom says large corporations should dominate cross-border payments. They have global banks, treasury teams, negotiated FX rates, sophisticated treasury management system (TMS) platforms and local accounts. But the 2026 payments ...

Watch more: Monday Conversation With Decade’s Vitor Olivier Vitor Olivier spent years building the infrastructure behind Nubank, the Brazilian digital bank that gave roughly 100 million people a cheaper, simpler way ...

Digital platforms spread technology and product development across millions of customers, a model that makes adding another market attractive. However, international expansion brings more local infrastructure with it: licenses, regulated ...

Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news reports ...

The Brink’s Company agreed to propose divesting its ATM-related product and service businesses, NoteMachine/TestLink UK, in connection with a United Kingdom regulator’s review of its previously announced agreement to acquire ...