Fintech

European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The new commitment followed the majority shareholder’s ...

For traditional financial services providers — chiefly credit unions — the future belongs to youth. For FinTechs, in looking at Gen Z consumers, well, things are a bit more cautious. They ...

On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied to ...

This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take steps to serve newly arrived ...

Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers, has proven to be popular ...

PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite. The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the credit union service organization (CUSO) announced ...

Healthcare technology platform Wellfit has teamed with FinTech HFD to offer consumers more health financing solutions. “This collaboration signifies a pivotal step towards enhancing accessibility to healthcare financing solutions across the entire credit ...

Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast Asia, the company said in a ...

The B2B landscape is built atop trusted relationships, both formal and informal. These relationships can include partnerships and collaborations with third-party vendors, suppliers, contractors, service providers and more; and while these ...

Wirex says it is creating a decentralized autonomous organization (DAO) for its payment platform WPay. The project is designed to give users the opportunity to play a larger role in shaping the future of ...

JPMorgan Chase CEO Jamie Dimon weighed in on all manner of subjects in his latest annual letter to shareholders — taking particular note of the changing competitive landscape in financial ...

Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges. ChatGPT parent company OpenAI shared Friday (April 5) that ...

Tranglo has expanded its cross-border payment network to allow transfers to more than 30 digital wallets. The Singapore-based FinTech announced the expansion Monday (April 8), noting that its direct-to-wallet transfers eliminate the need for intermediaries ...

Money transfer firm TerraPay received a major payment institution license in Singapore. The approval by the Monetary Authority of Singapore means that TerraPay is either licensed or approved in 30 markets around the world, according ...

PayToMe.co integrated Stripe Connect to scale globally and enhance its payments solutions for platforms and marketplace. The integration will facilitate onboarding, global payouts, payment compliance and know your customer processes, with solutions tailored to ...

Small and medium-sized businesses (SMBs) and their owners are the backbone of local economies worldwide. And they haven’t had it easy, not recently. That’s because they have to big needs: ...

FinTech infrastructure firm Brim Financial has raised $85 million in a Series C funding round. “This funding will accelerate Brim’s growth and fuel our international expansion,” Rasha Katabi, CEO and founder of Brim Financial, said in ...

Debt financing platform Scayl has raised $108 million to lend to other European FinTech lenders. Billing itself as a “Fintech for Fintech Lenders,” Scayl said it helps clients fund their loan books with ...

Shadi Saifan, vice president of engineering at NCR Voyix, told PYMNTS in an interview that bridging the gap between the promise of open banking and making that promise a reality is ...

PSCU/Co-op Solutions has launched a program designed to facilitate collaboration between credit unions and FinTech companies. The new Fintech Engagement Program includes both vetted FinTech companies and credit unions that are looking to address ...

Canadian payments FinTech Nuvei is set to become a private company. Nuvei announced the $6.3 billion deal with private equity firm Advent International on Monday (April 1), three weeks after reports of a possible acquisition emerged. “This transaction ...

Japanese conglomerate Rakuten is considering merging its financial operations into one unit. The plan, announced Monday (April 1), would consolidate the company’s bank, insurance, securities, and card company and other Fintech ...

The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can ...

Ant International and AirAsia owner Capital A Berhad are exploring ways to integrate more local payments methods and payment orchestration services into Capital A’s platform. The companies have formed a strategic ...

Earning season’s set to begin in just a few weeks — but we’re still not quite done with, well, earnings season. The FinTech IPO Index was up 0.3% through the past ...

The financial services landscape is an inherently customer-centric one. Within it, the winds of change around customer behavior and expectations about their banking relationships and financial journeys have been blowing stronger ...

Sandbox Banking and Plaid have partnered to offer automated identity verification solutions for the financial services industry.  This collaboration will bring together banking solutions from Sandbox Banking and identity verification technology from Plaid, ...

Eric Foust, VP of Banking Partnerships, North America at Trustly, said that in the wake of the pandemic, consumers are looking toward banks to deliver the same ease of use and ...

As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an initial public offering next year means ...

In a world where big banks have long dominated the financial landscape, a quiet revolution is underway. Credit unions (CUs), those member-owned financial cooperatives that have always prided themselves on their ...

Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on unsecured loans offered by companies like ...

Lightspeed, which provides point-of-sale (POS) systems to restaurants, is reportedly considering going private. The firm went public five years ago but Dax Dasilva, interim CEO and founder of Lightspeed, wonders if ...

The traditional banking model and business roadmap for financial institutions needs future-proofing. Across today’s financial services landscape, digital increasingly rules the roost — making prioritizing innovation important for long-term success. Staying relevant ...

Jim Scurlock, senior director and assistant treasurer at Expedia, and Larson McNeil, co-head of marketplaces and digital ecosystems at J.P. Morgan Payments, told Karen Webster that the role of the ...

Chime Financial reportedly plans to launch its initial public offering (IPO) in 2025. The FinTech company aims to do so in the United States but has not yet engaged banks for the ...

Cross-border payments firm Thunes is expanding its partnership with Visa into Asia and Africa. The new collaboration, announced Thursday (March 21), will see Visa tap into Thunes’ network to send payments to over 108 digital ...

Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech collaborations forged and expanded. Alternative lending ...

British payments firm Navro has named a PayPal veteran to serve as its chief revenue officer. Colin Moss-Davies, PayPal’s former head of sales, was named to his new position Thursday (March 21), Navro said in ...

Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable, and long lasting, changes in consumer ...

FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and secure transactions, according to a Wednesday ...

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen its market position in Germany, expand ...

Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s demand brewing for deal-making, for startups to ...

Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels.  This shift toward ...

Businesses looking to keep consumers coming back by offering the most efficient customer experience may want to look to receipt data, at least if financial institutions and FinTechs have anything ...

The EMEA DisrupTech conference in London, convened by Citigroup, reportedly spotlighted the burgeoning environment for mergers and acquisitions (M&A) in 2024. The event assembled 48 private companies from the EMEA region, ...