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.

AmEx Lured Business Customers with Fraudulent Sales Pitch
AmEx Lured Business Customers with Fraudulent Sales Pitch
November 22, 2021  |  Banking

American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise...

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MoonPay Nets $555M in Series A, Pushing Value to $3.4B
MoonPay Nets $555M in Series A, Pushing Value to $3.4B
November 22, 2021  |  Investments

Crypto payments infrastructure provider MoonPay Inc. has generated $555 million in an all-equity Series A funding round, driving the 2-year-old company’s valuation to $3.4 billion,...

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Mastercard Launches Innovation Lab in Israel with Enel X
Mastercard Launches Innovation Lab in Israel with Enel X
November 22, 2021  |  Partnerships / Acquisitions

Mastercard partnered with Italian energy multinational firm Enel X to open the FinSec Innovation Lab in Beersheba, Israel, which is dedicated to working with early-stage...

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‘Banking is Exciting’ FinWise CEO Says as Stock Surges After IPO
‘Banking is Exciting’ FinWise CEO Says as Stock Surges After IPO
November 22, 2021  |  Digital-First Banking

“Banking is an exciting place to be right now. There’s a lot happening,” Kent Landvatter, CEO/president of FinWise, told PYMNTS CEO Karen Webster in a...

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Cash App to Add Bitcoin Taproot Support
Cash App to Add Bitcoin Taproot Support
November 18, 2021  |  Bitcoin

Cash App is moving forward to integrate support for the Taproot Bitcoin upgrade by Dec. 1, an enhancement that enables Taproot to offer developers an...

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Payment Approved, Cross River Bank Partner on Better Payment Options
Payment Approved, Cross River Bank Partner on Better Payment Options
November 18, 2021  |  B2B Payments

Financial services organization Cross River Bank and FinTech Payment Approved have partnered to provide businesses with payment options that are faster, broader, safer and more...

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Global FinTech Airwallex Closes $100M Series E at $5.5B Value
Global FinTech Airwallex Closes $100M Series E at $5.5B Value
November 18, 2021  |  Investments

Global FinTech Airwallex raised $300 million in an oversubscribed Series E1 funding round that includes an additional $100 million, giving the Melbourne, Australia, startup a...

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Kids’ App Revolut Junior Adds Apple Pay in UK, Europe
Kids’ App Revolut Junior Adds Apple Pay in UK, Europe
November 17, 2021  |  Digital Payments

Revolut has made Apple Pay available to Revolut Junior users in the United Kingdom and the European Economic Area (EEA), and will soon do the...

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Newtap Technologies Snags Parfait to Broaden FinTech Reach with Lending 
Newtap Technologies Snags Parfait to Broaden FinTech Reach with Lending 
November 17, 2021  |  Partnerships / Acquisitions

Newtap Technologies Pvt. Ltd., the investment vehicle of FinTech firm Cred that was founded by Kunal Shah, has acquired Parfait Finance & Investment as part...

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