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.

Bank-Based Bill Pay Is Broken And Putting Direct Deposits At Risk

Bank-Based Bill Pay Is Broken And Putting Direct Deposits At Risk
Bank-Based Bill Pay Is Broken And Putting Direct Deposits At Risk
August 05, 2021  |  Banking

The bill pay technology that most banks offer their customers is broken. Consumers know it — and that’s why they’ve been fleeing it en masse...

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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...

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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)....

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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...

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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...

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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...

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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...

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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  |  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...

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