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.

B2B FinTech Reserve Trust Lands $30.5M Investment

B2B FinTech Reserve Trust Lands $30.5M Investment
B2B FinTech Reserve Trust Lands $30.5M Investment
August 04, 2021  |  Investments

FinTech trust company Reserve Trust, which has a Federal Reserve master account, announced in a press release Wednesday (Aug. 4) that it has secured a...

READ MORE >
Digital Lending Platform Numerated Adds Automated Lending Features
Digital Lending Platform Numerated Adds Automated Lending Features
August 04, 2021  |  Loans

Numerated, a four-year-old FinTech digital lending platform, has added new features to automate processes for business lending products, the company announced on Wednesday (Aug. 4)....

READ MORE >
FinTech Pico Going Public By Merging With SPAC
FinTech Pico Going Public By Merging With SPAC
August 04, 2021  |  IPO

The technology services firm Pico is set to go public following a $1.75 billion merger with a special-purpose acquisition company (SPAC). Pico and FTAC Athena...

READ MORE >
Rapyd To Step Up FinTech-as-a-Service Offerings With $300M In New Funding
Rapyd To Step Up FinTech-as-a-Service Offerings With $300M In New Funding
August 03, 2021  |  Investments

Global FinTech startup Rapyd on Tuesday (Aug. 3) announced a $300 million Series E funding round led by Target Global. Several new investors joined the...

READ MORE >
Investors, Innovators Flex Their Open Banking Muscles
Investors, Innovators Flex Their Open Banking Muscles
August 03, 2021  |  B2B Payments

Open banking continues to fuel the collaborative efforts of banks, credit unions (CUs), FinTechs and other innovators. This week’s deep dive into the space finds...

READ MORE >
Banking Circle Aims For $500M Funding Round
Banking Circle Aims For $500M Funding Round
August 02, 2021  |  Investments

FinTech startup Banking Circle seeks to raise approximately $500 million in a forthcoming funding round. The potential new funding would push the company’s valuation to...

READ MORE >
Arvest Bank On Using ITMs To Meet Customers’ Expectations For Personalization
Arvest Bank On Using ITMs To Meet Customers’ Expectations For Personalization
August 02, 2021  |  Digital-First Banking

The lowly ATM may be the next front in FinTechs' ongoing encroachment of the financial sector. In PYMNTS' new Digital-First Banking Tracker, Arvest Bank's Jason...

READ MORE >
LatAm’s Xepelin Debuts SMB Lending, Revenue Service
LatAm’s Xepelin Debuts SMB Lending, Revenue Service
August 01, 2021  |  B2B Payments

Xepelin, a Chilean FinTech that provides an online financial services platform for small- to medium-sized businesses (SMBs), has raised $30 million in equity and another...

READ MORE >
Monzo Faces FCA Investigation Into Alleged AML Contraventions
Monzo Faces FCA Investigation Into Alleged AML Contraventions
July 30, 2021  |  International

London FinTech Monzo is facing an investigation from the Financial Conduct Authority (FCA) over allegations of possibly violating anti-money laundering (AML) laws, Financial Times reported...

READ MORE >