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.

NEW DATA: How COVID-19 Is Driving CUs’ Digital Leap
NEW DATA: How COVID-19 Is Driving CUs’ Digital Leap
April 24, 2020  |  Credit Unions

  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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SoFi Deals Point To Question: ‘Just What’s a Bank?’
SoFi Deals Point To Question: ‘Just What’s a Bank?’
April 24, 2020  |  Banking

The rise of FinTech, the increasing globalization of finance — and even ravages of the coronavirus, which is making us all bank and transact across...

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How AP Automation Supports Business Continuity Plans
How AP Automation Supports Business Continuity Plans
April 23, 2020  |  Payments Innovation

With his experience working with companies located in hurricane zones, Joel Wilhite, CFO of AvidXchange, knows how to properly execute business continuity planning, a necessity...

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AvidXchange Closes Funding Round With $127M
AvidXchange Closes Funding Round With $127M
April 21, 2020  |  B2B Payments

North Carolina-based AvidXchange has raised $127 million after a funding round, according to a U.S. Security and Exchange Commission filing. Get the Full Story Complete the form...

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FinTech Faces Hurdles Making SBA Loans
FinTech Faces Hurdles Making SBA Loans
April 16, 2020  |  Digital Banking

PayPal Holdings Inc., Square Inc. and Intuit Inc., three California technology companies, all wanted a piece of the federal government’s $350 billion loan program, which was...

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Santander FinTech PagoFX To Compete With TransferWise
Santander FinTech PagoFX To Compete With TransferWise
April 16, 2020  |  Banking

Madrid-based Santander, the world’s 16th-largest bank, is set to roll out PagoFX, a new FinTech spinout intended to compete with cross-border money transfer service provider...

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The Many Answers To ‘What Is A Bank?’
The Many Answers To ‘What Is A Bank?’
April 13, 2020  |  Banking

The definition of a bank was more or less unchanged for centuries. Then, within a matter of a few years, the old definitions have become...

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WEX Reorganizes With New Team For B2B Payments
WEX Reorganizes With New Team For B2B Payments
April 13, 2020  |  Personnel

Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on...

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India SME Lender Capital Float Tops Up Funding
India SME Lender Capital Float Tops Up Funding
April 10, 2020  |  B2B Payments

After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 million from current...

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