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.
NMI Expands Underwriting Capabilities With Acquisition of Sphere’s Commercial Division
NMI Expands Underwriting Capabilities With Acquisition of Sphere’s Commercial Division
October 13, 2023  |  Acquisitions

NMI, a full commerce enablement technology company, has acquired software and payments technology company Sphere’s Commercial Division. This move aims to enhance NMI’s underwriting and risk...

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Fiserv Strengthens Distribution Network in Brazil With Skytef Acquisition
Fiserv Strengthens Distribution Network in Brazil With Skytef Acquisition
October 13, 2023  |  Acquisitions

Global payments and financial technology company Fiserv has acquired Skytef, the primary distributor of Software Express payment solution SiTef. This strategic move aims to strengthen Fiserv’s distribution network in...

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RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

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Fiserv Forges Data-Sharing Partnership With Plaid
Fiserv Forges Data-Sharing Partnership With Plaid
October 12, 2023  |  Partnerships

Payments and financial services technology provider Fiserv and data network Plaid launched a data-sharing partnership. The collaboration lets customers of Fiserv-hosted banks and credit unions...

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Goldman Sachs Sells GreenSky Platform and Loan Assets
Goldman Sachs Sells GreenSky Platform and Loan Assets
October 11, 2023  |  Fintech Investments

Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street....

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Shared Digital Wallet Developer Braid Shuts Down After Four Years
Shared Digital Wallet Developer Braid Shuts Down After Four Years
October 10, 2023  |  Mobile Wallets

A founder of Braid, a consumer payments startup, announced the company’s closure, marking the end of its four-year journey to expand the use of shared...

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Sopra Banking Software Launches AI-Enabled Core Banking System
Sopra Banking Software Launches AI-Enabled Core Banking System
October 10, 2023  |  Banking

Sopra Banking Software (SBS) has launched its artificial intelligence (AI)-enabled core banking system, the SBP Core Platform. The cloud-native platform harnesses the power of cloud technologies...

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Verifone Appoints Fiserv Executive Himanshu Patel as New CEO
Verifone Appoints Fiserv Executive Himanshu Patel as New CEO
October 10, 2023  |  Personnel

Verifone appointed Fiserv executive Himanshu Patel as its new CEO effective Nov. 1. Patel succeeds Mike Kohlsdorf, who has been CEO since August, the global...

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Report: PayU Indian IPO Could Value Company at $7 Billion
Report: PayU Indian IPO Could Value Company at $7 Billion
October 10, 2023  |  IPO

Payments company PayU is reportedly planning to go public in India next year. As Reuters reported Tuesday (Oct. 10), PayU plans to seek regulatory approval in February for...

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