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: Ant Group Expands Digital Yuan Trial; Kabbage, FinTechs Reportedly Under DOJ Scrutiny Over PPP Loans
Today In Payments: Ant Group Expands Digital Yuan Trial; Kabbage, FinTechs Reportedly Under DOJ Scrutiny...
May 10, 2021  |  News

In today’s top news, China’s digital yuan trials have been expanded to Alipay users, and the U.S. Department of Justice is investigating how several FinTechs, such as...

READ MORE >
Report: Indonesia’s GajiGesa Adds New Investors
Report: Indonesia’s GajiGesa Adds New Investors
May 09, 2021  |  B2B Payments

GajiGesa, an Indonesian FinTech serving the country’s vast population of underbanked workers, has added new investors that will provide funds for adding services and customers,...

READ MORE >
B2B FinTech Funding Creates Another Unicorn
B2B FinTech Funding Creates Another Unicorn
May 07, 2021  |  B2B Payments

After several weeks of B2B FinTech funding activity, the market has cooled a bit with about $220 million in total investment for the sector. Saudi...

READ MORE >
FinTech Remitly Makes Move Toward $5 Billion New York IPO 
FinTech Remitly Makes Move Toward $5 Billion New York IPO 
May 06, 2021  |  IPO

The FinTech startup Remitly is taking steps toward an initial public offering (IPO) in New York that could give the remittance platform a $5 billion...

READ MORE >
A Bank By Any Other Name: FinTechs Spark Debate
A Bank By Any Other Name: FinTechs Spark Debate
May 06, 2021  |  Digital-First Banking

While often referred to as a leading digital bank, Chime is not technically a bank and will no longer be referring to itself as one...

READ MORE >
Chime Stops Using Word ‘Bank’ After Regulator’s Pushback
Chime Stops Using Word ‘Bank’ After Regulator’s Pushback
May 05, 2021  |  Legal

Chime has been forced to ditch the use of the word “bank” in describing its services as it is not properly licensed, a court filing...

READ MORE >
FIS Teams With NYDIG To Allow Bitcoin Purchases From Bank Accounts
FIS Teams With NYDIG To Allow Bitcoin Purchases From Bank Accounts
May 05, 2021  |  Bitcoin

The FinTech company FIS said it can provide banks with an “industry-first solution” to give customers the ability to buy, sell and hold bitcoin using...

READ MORE >
South Africa’s MTN Group First-Quarter Revenue Up 18 Pct
South Africa’s MTN Group First-Quarter Revenue Up 18 Pct
May 05, 2021  |  Earnings

Mobile operator MTN Group, headquartered in Johannesburg, Africa, reported first-quarter 2021 results that moved past medium-term guidance, driven in part by an uptick in data...

READ MORE >
Today In Payments: EPI Looks To Topple US FinTechs; Sweden’s Trustly Scraps $950 Million IPO Plans
Today In Payments: EPI Looks To Topple US FinTechs; Sweden’s Trustly Scraps $950 Million IPO Plans
May 03, 2021  |  News

In today’s top news, the European Payments Initiative aims to take on U.S. FinTechs with a new pan-European payments firm, and Trustly is scrapping its...

READ MORE >