FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
Enfuce Wins eMoney License From British Regulator
Enfuce Wins eMoney License From British Regulator
February 27, 2024  |  Digital Banking

Finland-based payment processor Enfuce is expanding its operations in the United Kingdom. The FinTech said in a Tuesday (Feb. 27) press release that it received...

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Tabby Launches Subscription Service That Expands Acceptance of BNPL
Tabby Launches Subscription Service That Expands Acceptance of BNPL
February 26, 2024  |  Buy Now Pay Later

Tabby, a shopping and financial services app active in Saudi Arabia, Kuwait and the United Arab Emirates (UAE), has launched a subscription service in the...

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Cross River Adds Investment Banking Services for FinTechs
Cross River Adds Investment Banking Services for FinTechs
February 26, 2024  |  Banking

Cross River Bank and CRB Securities are moving into the investment banking space. The company’s investment banking team will help FinTechs with decisions such as mergers and acquisitions, capital...

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OCC Head Concerned About Bank-FinTech Collaboration
OCC Head Concerned About Bank-FinTech Collaboration
February 26, 2024  |  Banking

Michael Hsu, CEO and acting comptroller of the currency for the Office of the Comptroller of the Currency (OCC), recently reiterated his agency’s commitment to...

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Report: Paytm Turning to Banks to Process UPI Transactions
Report: Paytm Turning to Banks to Process UPI Transactions
February 26, 2024  |  Banking

Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and...

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Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance
Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance
February 23, 2024  |  Acquisitions

FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain...

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Absa Says African FinTechs Should List IPOs on Local Exchanges
Absa Says African FinTechs Should List IPOs on Local Exchanges
February 22, 2024  |  IPO

South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking...

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India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to...

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Databricks Doubles Down on Data to Bring AI to Fortune 500
Databricks Doubles Down on Data to Bring AI to Fortune 500
February 22, 2024  |  artificial intelligence

For all its technological complexity, artificial intelligence (AI) rests on one very simple foundation: data. And it’s here that Databricks has put a stake in...

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