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.
BILL Denies Reports of $1.95 Billion Melio Deal
BILL Denies Reports of $1.95 Billion Melio Deal
November 09, 2023  |  Acquisitions

Financial operations platform BILL is dismissing reports that it wants to buy Melio Payments. “Although BILL’s general policy is not to comment on market rumors...

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Adyen Shares Rebound After Company Details Turnaround Plans
Adyen Shares Rebound After Company Details Turnaround Plans
November 09, 2023  |  Stock Index

Adyen’s plan to “evolve” its financial objectives reportedly hit the right note with investors. Shares in the Dutch payments firm jumped 38% Wednesday (Nov. 8)...

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Affirm’s Debit Card Sees 75K Signups Per Month
Affirm’s Debit Card Sees 75K Signups Per Month
November 08, 2023  |  Earnings

Affirm Holding’s fiscal first quarter results showed resilient consumer spending across a variety of channels and enthusiasm for the company’s debit card offering.  Supplementals from...

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Adyen Updates Financial Objectives Amid Investor Scrutiny
Adyen Updates Financial Objectives Amid Investor Scrutiny
November 08, 2023  |  Earnings

Adyen has “evolved its financial objectives in order to specify timelines around growth expectations,” the FinTech platform said Wednesday (Nov. 8) in a press release issued in conjunction...

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Nuvei Says Differentiated Technology Solutions Drive 72% Volume Growth
Nuvei Says Differentiated Technology Solutions Drive 72% Volume Growth
November 08, 2023  |  Earnings

Nuvei reported a year-over-year total volume increase of 72% during the three months ended Sept. 30. The Canadian FinTech company also reported a year-over-year revenue...

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Mangopay and Aria Team on B2B Payment Services
Mangopay and Aria Team on B2B Payment Services
November 07, 2023  |  B2B Payments

Mangopay, a platform-specific payment infrastructure provider, has announced a new collaboration with Aria, a provider of deferred payment infrastructure for B2B marketplaces and platforms. This partnership...

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Report: Adyen Investors Want Blueprint for Recovery
Report: Adyen Investors Want Blueprint for Recovery
November 07, 2023  |  Digital Payments

Adyen will hold an investor day this week following a massive price drop earlier this year. And as Bloomberg News reported Tuesday (Nov. 7) investors are calling for...

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Smaller FinTech Issuers Lose Nearly 60% More Revenue to Fraud Than Larger Ones
Smaller FinTech Issuers Lose Nearly 60% More Revenue to Fraud Than Larger Ones
November 07, 2023  |  Fraud Prevention

Fraud schemes are evolving alongside technology, becoming more sophisticated and mutating to exploit vulnerabilities within financial institutions. In fact, fraud incidents increased by 13% in...

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PSCU and Co-op Solutions Announce Merger
PSCU and Co-op Solutions Announce Merger
November 06, 2023  |  Credit Unions

  PSCU and Co-op Solutions, two credit union service organizations (CUSOs) and FinTech solution providers, have announced plans to merge. The move aims to offer credit unions...

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