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How Instantor Uses APIs For World Domination

Old-school FIs typically rely on outdated consumer data from credit bureaus to review a consumer’s financial viability. However, APIs can help FIs...

4.6K

NEW REPORT: APIs As The Great Credit Equalizer

The rivalry that banks and FinTech firms might have experienced in the past now appears to be behind them. Both sides of...

2.7K

PayPal And Village Capital On Financial Inclusion’s Data-Driven Future

These days, it is fair to say that data makes the world go ’round. Every day, 2.5 quintillion bytes of raw data are...

2.1K

Banks And The Blockchain Scramble

Blockchain is getting its share of true believers. Among them are banks, traditional FIs and central banks. A series of new projects demonstrate...

2.3K

FinTech/FI Collaborations In Mexico And Beyond

There are any number of government initiatives pairing FinTech with traditional FIs, and now Mexico joins the roster with renewed focus. Only...

1.6K

Partnerships / Acquisitions

FinTech Finds Favor With Visa, Gains Traction In Mexico

Paidy linked up with Visa via strategic investment this week, while Mexico's government wants to see greater financial inclusion with joint efforts...

International

JPMorgan Eyes Financial Inclusion In India

JPMorgan is setting up a financial inclusion lab in India through a partnership with the Indian Institute of Management Ahmedabad’s (IIMA) Centre...

2.9K

Equifax Buys DataX To Close Credit Reporting Gap

Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to lenders nationwide. As...

2.7K

International

Kenya Moves To Regulate Digital Lending

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a...

6.4K

Loans

Mapping The Black Box: A Look Inside Machine Learning’s Powers And Quirks

“Machine learning is the answer to the financial inclusion problem.” So said Douglas Merrill, founder of ZestFinance. It’s a bold statement, considering that...

8.0K

Payments Innovation

Can FinTech Walk The FinTalk?

Benjamin Franklin is best remembered as a signer of the Declaration of Independence in 1776 and a prolific inventor who created the...

6.3K

Mastercard: Serving The Financial Needs Of The ‘New Middle Class’

Welcome to the middle class! Congratulations, you made it! Good luck getting approved for a credit card with that low or nonexistent...

2.9K

Earnings

PayPal Reaffirms Its Commitment To Financial Inclusion

There was a lot going on during PayPal’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst...

3.8K

Personnel

Mastercard Names Former US Trade Rep In New Role Focused On Growth

Mastercard announced news that former United States Trade Representative Michael Froman will join the company as vice chairman and president of strategic...

3.9K

Financial Inclusion: Accelerated, Collaborative, Mobile and Global

There are billions of unbanked individuals in the world. Given access to basic financial services via mobile and other technological conduits, quality...

3.7K

Loans

Grab And Credit Saison Launch Consumer Financing JV

Grab, the ride-hailing company based in Southeast Asia, announced news on Tuesday (March 13) that it has teamed up with Credit Saison...

3.7K

Mastercard

Mastercard: The Inclusive Futures Of Cities, SMBs And The Next-Gen Workforce

What is a common need among a gig worker seeking a second stream of income, an SMB looking to grow their business in an...

4.5K

Regulation

Trump Administration Eyes Major CRA Overhaul

The Trump administration is proposing major changes to the Community Reinvestment Act — a law first enacted in 1977 — that experts believe...

5.1K

Mastercard: Micro Businesses Can Move Financial Inclusion’s Largest Roadblocks

Promoting financial inclusion — a lofty ambition targeting two billion people around the world who currently live without the ability to securely send...

5.7K

Startups

Juvo Raises $40 Million To Expand Into New Markets

Juvo, the San Francisco tech startup that focuses on financial inclusion and helps unbanked consumers in emerging markets improve their standing from...

4.6K

Unifund CEO Consumer Credit Caution: “Time To Stop Getting Lost In The Averages”

Credit, and the consumer’s relationship with it, has changed rather dramatically over time. But those changes can only be seen if one...

8.9K

Mastercard Taps APIs With An Eye Beyond Plastic

After decades of focus on plastic cards, Mastercard has turned its attention to the potential of APIs to expand its services and reach. For...

7.8K

NEW REPORT: For Mastercard, Are APIs More Priceless Than Plastic?

Could APIs be the great payment equalizers? One major payment company is ready to take that chance in an effort to expand...

4.5K

International

India’s Grand (De) Monetization Experiment

Eight months in, assessing the impact of what happens when you remove 86 percent of a country’s notes in circulation. India’s push...

3.3K

A Local Approach To The Universal Challenge Of SME Finance

From the U.S. to Mexico to India to sub-Saharan Africa, SMEs’ need for access to capital is universal. What differs across geographic...

5.3K

MoneyGram, Ant And Making The “Unbanked’s Bank”

On Tuesday, MoneyGram’s shareholders gave an unequivocal thumbs up to the buyout by Ant Financial. With one more hurdle yet to clear, CFIUS approval, MoneyGram...

2.4K

Fresh EBT’s Social Safety Net Tech Upgrade

It’s a set of statistics that all of us have heard many times before: In the U.S., nearly half of the population...

7.0K

Ecosystems

Using The Blockchain To Bring Banking To Everyone

Refugees are among the most unique groups of people for whom to enable mobile payments and other financial services. Clearly an acute...

4.0K

Partnerships / Acquisitions

Analysts Pinpoint Payroll Cards’ Weaknesses (And Surprising Strengths)

The payroll card industry is far from immune to controversy. Especially in recent years, regulators have eyed the space amid waves of...

4.9K

Mastercard

Mastercard’s New President Of Operations And Technology On Payment’s ‘Third Wave’

Mastercard today announced the appointment of CIO Ed McLaughlin to president, Operations and Technology. In an interview with PYMNTS’ Karen Webster, McLaughlin...

4.0K

Cash

ATM Trade Group Pushes Back On The War On Cash

The ATM Industry Association (ATMIA) has spoken out against the efforts of the anti-cash lobby. ATMIA recently presented the results of a...

1.7K

Safety and Security

IEEE Pushes Digital Identity Standard

IEEE, the world’s largest technical professional organization dedicated to advancing technology for humanity, announced in a press release the launch of a...

1.1K

Mobile Applications

UK Banking App Pockit Gets £2.9M In Funds As It Launches New Remittance Service

Pockit, a mobile banking app targeting the U.K.’s underbanked, has picked up £2.9 million in additional funding and will soon launch a...

4.6K

Payment Methods

Zeta Inks Deal With RuPay In India For Meal Voucher Solution

Zeta, the FinTech startup that offers digital employee benefits for tax optimization, announced Tuesday (April 11) has inked a deal with National...

3.8K

FICO Announces Partnership with Operation HOPE and 200M Open Access Accounts

Analytics software company FICO’s latest strategic partnership expands its credit score capability offerings to a new audience. The company announced this week...

6.6K

Amazon

Amazon’s Cash Play

As of yesterday (April 3), Amazon is open for business for cash-only customers — via 10,000 physical locations where a consumer can deposit...

7.8K

Alternative Finances

LendUp’s Focus On The “New Average” Consumer

For a lot of Americans, mainstream financial services represent a menu full of goods that aren’t desirable, aren’t affordable or just aren’t...

4.9K

Making Algorithms Play Fair

Every day the average American consumer comes into contact with hundreds — if not thousands — of algorithmically powered experiences. The ads one sees...

1.6K

Mobile Applications

PaySwag Integrates Sionic Mobile’s ICE To Provide Mobile App For Underbanked

Sionic Mobile and Customer Engagement Technologies (CET) are partnering up to provide a mobile payment app for the underbanked, according to Finextra....

6.4K

Digital Banking

Integrating Iris Scanning Biometrics With An Eye On Banking Inclusion

Can new technology bring new customers into the digital banking fold? For the March Digital Banking Tracker™, PYMNTS spoke with Narendranath Mishra,...

8.1K

Digital Banking

NEW REPORT: Why Indian Banks And Iris Biometrics See Eye-to-Eye

As banking becomes more digital, more financial institutions are turning to technological solutions to bring more customers on board. Several banks are...

6.6K

How Micro-Businesses Fit Into Mastercard’s Smart Cities Vision

Mastercard has several plans in the works to target half a billion people around the world who fall outside the realm of the...

5.7K