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.
CFPB Director Calls for Stronger Data Protections
CFPB Director Calls for Stronger Data Protections
October 06, 2023  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and...

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Vlorish Launches All-in-One Finance Platform for Freelancers
Vlorish Launches All-in-One Finance Platform for Freelancers
October 06, 2023  |  Gig Economy

FinTech startup Vlorish launched its freelancer finance platform, aiming to simplify bookkeeping, budgeting and credit scoring models for the freelance market. The all-in-one web platform...

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FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks
FinTech IPO Index Slides 3% as Affirm and Blend Lead Declining Stocks
October 06, 2023  |  Fintech Investments

The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining...

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Citi Analyst Downgrades Paymentus Holdings Due to Stock’s Gains
Citi Analyst Downgrades Paymentus Holdings Due to Stock’s Gains
October 05, 2023  |  Stock Index

Paymentus Holdings stock retreated 4% Thursday (Oct. 5) after being downgraded to Neutral by Citi analyst Ashwin Shirvaikar. This downgrade was primarily driven by the stock’s substantial gains this...

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Why FinTechs Are Telling Customers They No Longer Want Their Business
Why FinTechs Are Telling Customers They No Longer Want Their Business
October 05, 2023  |  Buy Now Pay Later

FinTechs spent years pursuing growth at all costs — where profits were an afterthought. Revenues, eyeballs, clicks and accounts — in short, the more business...

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Clearco Secures $60 Million in Funding to Support eCommerce Businesses
Clearco Secures $60 Million in Funding to Support eCommerce Businesses
October 04, 2023  |  Investments

Toronto-based FinTech company Clearco has secured $60 million in a Series D funding round, as part of a recapitalization effort. The funding was led by Inovia Capital and Founders Circle...

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Monzo Picks Cash App Vet Conor Walsh for US CEO
Monzo Picks Cash App Vet Conor Walsh for US CEO
October 04, 2023  |  Personnel

British digital bank Monzo has named Conor Walsh to head its U.S. operations. Walsh, a veteran of Cash App, was named the bank’s U.S. CEO on Wednesday (Oct. 4), according...

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Stockpile and Green Dot Partner on Debit Cards for Minors
Stockpile and Green Dot Partner on Debit Cards for Minors
October 03, 2023  |  Personal Finance

FinTech Green Dot and investing platform Stockpile have partnered to make investing and personal finance more accessible to consumers of all ages.  The collaboration will introduce...

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UBank and Aeropay Partner on Financial Services for Gaming Industry
UBank and Aeropay Partner on Financial Services for Gaming Industry
October 03, 2023  |  Partnerships

UBank, a Texas-based community-focused financial institution, and Aeropay, a payments technology company, have formed a strategic collaboration to provide financial services in the gaming industry. This...

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