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.
Bluevine Says Business Checking Propels Managed Deposits to $1 Billion
Bluevine Says Business Checking Propels Managed Deposits to $1 Billion
December 01, 2023  |  SMBs

Bluevine, a digital banking platform for small businesses, has surpassed $1 billion in managed deposits by its small business banking customers. The accomplishment places Bluevine...

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FortressPay Launches Enterprise-Ready Biometric Payment Platform
FortressPay Launches Enterprise-Ready Biometric Payment Platform
December 01, 2023  |  Biometrics

FortressPay launched an enterprise-ready biometric payment platform. With its new Payment Identity platform, FortressPay aims to provide a frictionless customer experience while eliminating payment fraud,...

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Algorand Foundation Invests in Afghanistan’s HesabPay
Algorand Foundation Invests in Afghanistan’s HesabPay
December 01, 2023  |  Cryptocurrency

The Algorand Foundation has made a strategic investment in HesabPay, an interoperable digital payments platform in Afghanistan that uses the Algorand blockchain. The investment was revealed at the...

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FinTech IPO Index Gains 4.3%, Affirm Jumps on BNPL’s Black Friday Popularity   
FinTech IPO Index Gains 4.3%, Affirm Jumps on BNPL’s Black Friday Popularity   
December 01, 2023  |  IPO

And now, we’re back to the regularly scheduled stock market volatility. The short trading week is behind us, and so is Thanksgiving and Black Friday....

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What to Know About the Embedded Finance Opportunity for Software Platforms and Marketplaces
What to Know About the Embedded Finance Opportunity for Software Platforms and Marketplaces
December 01, 2023  |  Payment Methods

Embedded finance has the potential to revolutionize the way software platforms and marketplaces operate. Yet for all its promise, certain barriers stand in the way...

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CFPB Handles 20,000 Consumer Complaints Per Week
CFPB Handles 20,000 Consumer Complaints Per Week
November 30, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sends 20,000 complaints to companies for responses every week. “I am proud of the CFPB’s work in getting consumers...

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Money Transfer Service Zepz Cuts 2% of Staff
Money Transfer Service Zepz Cuts 2% of Staff
November 30, 2023  |  Business

British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report...

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Paysend Raises $65 Million and Teams With TelevisaUnivision
Paysend Raises $65 Million and Teams With TelevisaUnivision
November 29, 2023  |  Investments

Money transfer FinTech Paysend has raised $65 million in a new funding round. The round, announced Wednesday (Nov. 29), follows Paysend’s recent partnership with Mastercard, which allows the company to enhance cross-border...

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25% of Consumers Want Quick Access to Credit Funds
25% of Consumers Want Quick Access to Credit Funds
November 29, 2023  |  Banking

In addition to interest rates and terms, many consumers value the speed with which money becomes available after they apply for a credit product. Reducing...

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