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.

Embattled OnDeck Reports $59 Million Net Loss

Embattled OnDeck Reports $59 Million Net Loss
Embattled OnDeck Reports $59 Million Net Loss
April 30, 2020  |  Earnings

Already facing harsh criticism from an activist investor, FinTech OnDeck reported a $59 million first-quarter net loss and $57.6 million adjusted net loss due to an...

READ MORE >
Innovating Next-Gen Credit Solutions
Innovating Next-Gen Credit Solutions
April 30, 2020  |  Alternative Credit

A steady progression of credit throughout decades finds payments at a new frontier. Get the Full Story Complete the form to unlock this article and...

READ MORE >
FinTechs Expand Open Banking Opportunity For Banks
FinTechs Expand Open Banking Opportunity For Banks
April 29, 2020  |  B2B Payments

New solutions continue to roll out as a result of open banking frameworks around the world and banks’ increasing willingness to collaborate with FinTechs. This...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >