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.

ClearBank Expands Into Multi-Currency Offerings for FIs, FinTechs

ClearBank Expands Into Multi-Currency Offerings for FIs, FinTechs
ClearBank Expands Into Multi-Currency Offerings for FIs, FinTechs
October 10, 2021  |  B2B Payments

Cloud-based clearing bank ClearBank has rolled out a new multi-currency solution intended to cut down on friction for FinTechs and financial institutions (FIs) working with...

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Capital One Buys Travel FinTech Lola
Capital One Buys Travel FinTech Lola
October 08, 2021  |  Partnerships

Capital One has acquired the staff and software of Boston travel tech startup Lola in an effort to boost its FinTech footprint in the Boston...

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BIS Conference: PBoC Boss Yi Gang Warns of More FinTech Enforcement
BIS Conference: PBoC Boss Yi Gang Warns of More FinTech Enforcement
October 08, 2021  |  Cross-border Payments

Enforcement against technology companies that engage in anti-competitive practices will remain an enforcement focus of the People’s Bank of China (PBoC), central bank governor Yi...

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African FinTech Finclusion Raises $20M for Enterprise Development
African FinTech Finclusion Raises $20M for Enterprise Development
October 08, 2021  |  Investments

Finclusion Group, which works with online monetary and credit score providers using artificial intelligence (AI)-driven methods across Africa, recently raised $20 million for enterprise development...

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Colombian FinTech Movii Closes $15M Series B
Colombian FinTech Movii Closes $15M Series B
October 08, 2021  |  Investments

Colombian FinTech Movii raised $15 million in a Series B funding round led by Square and Greg Kidd’s investment fund Hard Yaka, according to reports...

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FinTech-Centered SPACs, Platform IPOs Dominate October’s First Week
FinTech-Centered SPACs, Platform IPOs Dominate October’s First Week
October 08, 2021  |  IPO

Special purpose acquisition companies (SPACs) continued to dominate the listings landscape in the past week, with particular focus firms on FinTechs and real estate combinations. Platform...

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FreshBooks Acquires FastBill to Boost Growth in Canada
FreshBooks Acquires FastBill to Boost Growth in Canada
October 07, 2021  |  Partnerships

Cloud-based financial software platform FreshBooks, which is headquartered in Toronto, announced on Thursday (Oct. 7) that it will acquire the German FinTech FastBill, according to...

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Core10 Acquires Accrue to Advance Lending Tools 
Core10 Acquires Accrue to Advance Lending Tools 
October 06, 2021  |  Partnerships

FinTech solutions startup Core10 is acquiring financial analytics firm Accrue Technologies to bring new configurable lending and banking applications to community banks and credit unions,...

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