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: India Seizes Control Of Yes Bank; JPMC CEO Dimon Recovers From Heart Surgery
Today In Payments: India Seizes Control Of Yes Bank; JPMC CEO Dimon Recovers From Heart...
March 06, 2020  |  News

In today’s top payments news, the Indian government has taken control of Yes Bank as it creates a bailout plan for the bank, and JPMorgan...

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How FinTech Keeps Banks Focused On Customer Experience With AP Automation
How FinTech Keeps Banks Focused On Customer Experience With AP Automation
March 06, 2020  |  Banking

FinTechs are helping banks focus on the customer experience through accounts payable (AP) automation. AvidXchange Senior Vice President of Financial Services Boyce Adams Jr. told PYMNTS in...

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InDebted Notches $14M To Use Machine Learning In Debt Collection
InDebted Notches $14M To Use Machine Learning In Debt Collection
March 05, 2020  |  Consumer Finance

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital...

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Adding Tech To The Credit Union’s ‘War Chest’ Of Trust
Adding Tech To The Credit Union’s ‘War Chest’ Of Trust
March 05, 2020  |  Credit Unions

Through an ongoing process of habituation over the last two decades, consumers have come to not only want certain types of seamless experiences in their...

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FinTech TerraPay Is Acquired, Raises $9.6M
FinTech TerraPay Is Acquired, Raises $9.6M
March 04, 2020  |  Partnerships / Acquisitions

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. Along with...

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Ant Financial Acquires Minority Stake In Klarna
Ant Financial Acquires Minority Stake In Klarna
March 04, 2020  |  Partnerships / Acquisitions

China’s Ant Financial has acquired a minority stake in the Swedish split payments FinTech Klarna for an undisclosed sum, Klarna announced on Wednesday (March 4)....

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Brex Launches Vancouver Tech Hub With 40 Employees
Brex Launches Vancouver Tech Hub With 40 Employees
March 03, 2020  |  International

Silicon Valley payments FinTech Brex opened its first international office, a technology hub in Vancouver, Canada with a 40-person workforce, the company announced on Tuesday...

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RTP Global Unveils $650M Startup-Focused VC Fund
RTP Global Unveils $650M Startup-Focused VC Fund
March 03, 2020  |  Investments

To continue supporting technology in regions all over the world from North America to Southeast Asia, Leonid Boguslavsky-founded RTP Global unveiled a new $650 million...

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Mark Lenhard Joins Modo’s Board
Mark Lenhard Joins Modo’s Board
March 03, 2020  |  Personnel

Mark Lenhard, a PayPal veteran, is joining the board of Modo, bringing the experience of an operator, an advisor, and an investor, having completed work across...

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