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.

iOL Pay Expands Into 37 Countries to Overhaul Hotel Payments Space

iOL Pay Expands Into 37 Countries to Overhaul Hotel Payments Space
iOL Pay Expands Into 37 Countries to Overhaul Hotel Payments Space
November 30, 2021  |  International

Global FinTech platform iOL Pay, a subsidiary of Illusions Online, went live in 37 countries to assist the hospitality payments space across North America, Europe,...

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YouTrip Raises $30M, Plans To Enter B2B Market  
YouTrip Raises $30M, Plans To Enter B2B Market  
November 30, 2021  |  Investments

Singapore’s YouTrip has raised $30 million in a Series A funding round, money the payments startup says it will use to enter the B2B payments...

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Global Payments Company Wise Plans US Expansion
Global Payments Company Wise Plans US Expansion
November 30, 2021  |  Cross-border Payments

London-based global money transfer firm Wise will hire more than 150 new staff in 2022 as it expands its U.S. operations in Austin, Texas, relocates...

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FinTech Sandboxes Work, But Success Isn’t Always Measured in Companies Launched
FinTech Sandboxes Work, But Success Isn’t Always Measured in Companies Launched
November 30, 2021  |  Innovation

As the Federal Reserve Bank of New York and the Bank for International Settlements (BIS) launch a regulatory sandbox for FinTech companies, it’s worth looking...

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PSCU Tapped by Vermont’s NEFCU as Processing Partner
PSCU Tapped by Vermont’s NEFCU as Processing Partner
November 30, 2021  |  Partnerships

New England Federal Credit Union (NEFCU), Vermont’s largest financial institution, has chosen credit union service organization PSCU for credit and debit card processing support and...

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Mastercard, Jeeves to Offer Local Cards to Mexican Businesses
Mastercard, Jeeves to Offer Local Cards to Mexican Businesses
November 29, 2021  |  Partnerships

Mastercard will be working with Jeeves, a business banking company that has worked with numerous Mexican businesses, to help alleviate credit access problems in Mexico,...

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VersaBank Includes USD in Expanded Testing of Closed Ecosystem for DDRs
VersaBank Includes USD in Expanded Testing of Closed Ecosystem for DDRs
November 29, 2021  |  Cybersecurity

Digital banking and cyber security solutions platform VersaBank is expanding the closed ecosystem testing for Digital Deposit Receipts (DDRs) and will include the U.S. dollar,...

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Digital Payments Represent 66% of Total Operating Revenue in Bulgaria’s FinTech Sector
Digital Payments Represent 66% of Total Operating Revenue in Bulgaria’s FinTech Sector
November 25, 2021  |  Digital Payments

FinTechs in Bulgaria achieved a record of BGN 1.86 billion ($1.03 billion) in 2020, a roughly 20% increase compared to 2019, helped by the boost...

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Visa Invests in Open Banking Platform Basiq
Visa Invests in Open Banking Platform Basiq
November 24, 2021  |  Investments

Australia-based open banking platform Basiq will use an investment from Visa to step up its API efforts, according to a Wednesday (Nov. 24) blog post...

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