August 17, 2023
Small Insurers Lag in Adopting Real-Time Payments, but Plan a...

Insurance companies are embracing real-time payments when collecting customer premiums or receiving payments from other businesses. Even though 80% of firms use real-time payments, they account for just 16% of...

August 16, 2023
UK Launches FinTech Fund Backed by Mastercard and Barclays

The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund, announced Wednesday (Aug. 16) by...

August 15, 2023
FinTech IPO Index Offers Directory of ‘Who’s Who’ for Bank...

At first glance, it might seem incongruous to mention the PYMNTS FinTech IPO Index and banks and M&A in the same sentence. The index itself is up 32% year to date. ...

August 15, 2023
MTN Group CEO: Open to Selling Up to 30% of...

African telecommunications company MTN Group Ltd. is seeking to include up to three more strategic investors in its telecom unit, said MTN Group CEO Ralph Mupita. “We are open to selling...

August 15, 2023
Matera Acquires Cinnecta to Combine AI and Instant Payments

Brazilian payments FinTech Matera has acquired artificial intelligence (AI)-powered customer retention firm Cinnecta. “By aligning forces, Matera and Cinnecta will enable clients to enhance their sales capabilities by delivering intelligent,...

August 15, 2023
Amazon Leans Into Consumer Love for Biometrics With Expanded Palm...

Mega-retailer Amazon’s scaled-up rollout of its pay-by-palm technology, One, a month after its announcement, may not be the first offering of such technology, but the sheer number of stores receiving One at once may make it...

August 15, 2023
Banks Need Data Providers to Grapple With the Changes in...

Charles Zhu, vice president of product at Enigma, said “know your business” (KYB) mandates can be onerous on financial institutions (FIs) building an in-house compliance process.  But for forward-thinking FIs,...

August 15, 2023
FinTechs Look to M&A for Profitability as Economic Shake-Up Continues

The economy stands to make for some unlikely unions in the financial technology space over the next 24 months. Banks have traditionally viewed FinTechs as agile rivals in the digital...

August 14, 2023
Mastercard Investment Values MTN’s FinTech Group at $5.2 Billion

South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s...