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.

Today In Payments Around The World: Nium To Buy Ixaris; Worldline, Toshiba Team On Checkout Kiosk
Today In Payments Around The World: Nium To Buy Ixaris; Worldline, Toshiba Team On Checkout...
June 08, 2021  |  International

In today’s top payments news around the world, Nium announced that it would purchase Ixaris as part of an international expansion, while Worldline announced it...

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Hong Kong To Explore CBDCs In ‘FinTech 2025’ Strategy
Hong Kong To Explore CBDCs In ‘FinTech 2025’ Strategy
June 08, 2021  |  International

The Hong Kong Monetary Authority (HKMA) said in a press release Tuesday (June 8) it wants to make sure Hong Kong is ready to issue...

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Credit Sesame Raises $51 Million, Acquires FinTech Software Platform
Credit Sesame Raises $51 Million, Acquires FinTech Software Platform
June 08, 2021  |  Investments

Credit Sesame has raised $51 million in growth capital and has seen its premium subscriptions grow by 200 percent annually, the financial wellness platform announced...

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Google Cloud Exec Derek White Takes Reins At Galileo Financial
Google Cloud Exec Derek White Takes Reins At Galileo Financial
June 08, 2021  |  Personnel

A veteran Google executive, Derek White, has been hired for the top spot at payments processor Galileo Financial Technologies. White succeeds Galileo CEO and founder...

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Berkshire Hathaway’s $500 Million Boosts Nubank’s 2021 Take To $1.15 Billion
Berkshire Hathaway’s $500 Million Boosts Nubank’s 2021 Take To $1.15 Billion
June 08, 2021  |  Investments

Investors keep flocking to financial technology company (FinTech) Nubank. On Tuesday (June 8), Nubank announced both a $500 million investment from Berkshire Hathaway and another...

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Foreign Investors Pour Millions Into Pakistan’s FinTech Startups
Foreign Investors Pour Millions Into Pakistan’s FinTech Startups
June 07, 2021  |  Investments

Foreign investors are pouring millions of dollars into Pakistan’s FinTech startups as two new funding deals — KTrade and Abhi — notch an infusion of...

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FinTech Dave Going Public Via SPAC At $4 Billion Equity Value
FinTech Dave Going Public Via SPAC At $4 Billion Equity Value
June 07, 2021  |  IPO

Challenger bank startup Dave is partnering with special-purpose acquisition company (SPAC) VPC Impact Acquisition Holdings III (VPCC), sponsored by Victory Park Capital (VPC), with an...

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OppFi On Using Behavioral Analytics To Gauge Customers’ Creditworthiness And Prevent Fraud
OppFi On Using Behavioral Analytics To Gauge Customers’ Creditworthiness And Prevent Fraud
June 04, 2021  |  Authentication

Traditional loan metrics often leave out individuals with low credit scores who are otherwise financially sound, but behavioral analytics can give lenders a better idea...

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Marqeta Prices Shares At $20 To $24 In Planned IPO
Marqeta Prices Shares At $20 To $24 In Planned IPO
June 03, 2021  |  IPO

Marqeta, Inc. plans to offer approximately 45.5 million shares at an estimated initial public offering (IPO) price in the range of $20 to $24, according...

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