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.

Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
December 12, 2024  |  Investments

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by...

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Mynt Raises $23 Million to Expand Spend Management Solution in Europe
Mynt Raises $23 Million to Expand Spend Management Solution in Europe
December 11, 2024  |  Investments

Mynt, a spend management solution focused on Nordic small- to medium-sized businesses (SMBs), raised 22 million euros (about $23 million) in a Series B funding...

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Three Things to Watch as FDIC Tightens Up on FinTech
Three Things to Watch as FDIC Tightens Up on FinTech
December 10, 2024  |  Regulation

Several watchdogs and agencies are sharpening their gaze on FinTechs, specifically bank-FinTech relationships and the risks tied to those partnerships. In July, the Board of...

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MercadoLibre and Nubank Get More Aggressive in LatAm Digital Banking Race
MercadoLibre and Nubank Get More Aggressive in LatAm Digital Banking Race
December 10, 2024  |  Latin America

Who will become Latin America’s dominant digital banking force, MercadoLibre or Nubank? It’s a question posed Tuesday (Dec. 10) in a report by Bloomberg News,...

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Newly Flush With Capital, Challenger Banks Face New Challenges
Newly Flush With Capital, Challenger Banks Face New Challenges
December 10, 2024  |  Security & Fraud

A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks,...

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Revolut Aims to Become New Zealand’s First Global Digital Bank
Revolut Aims to Become New Zealand’s First Global Digital Bank
December 09, 2024  |  Digital Banking

Revolut’s ongoing expansion efforts have the U.K. FinTech focused on New Zealand. While Revolut already provides services to customers in the island nation, it now...

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Report: FDIC Ramps Up FinTech Scrutiny
Report: FDIC Ramps Up FinTech Scrutiny
December 05, 2024  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect...

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Trump Taps Fiserv CEO to Head Social Security Admin
Trump Taps Fiserv CEO to Head Social Security Admin
December 05, 2024  |  Politics

President-elect Donald Trump has chosen Fiserv CEO Frank Bisignano to oversee the Social Security Administration. The incoming president announced his pick on his Truth Social...

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NatWest Launches Growth Program for UK FinTech Startups
NatWest Launches Growth Program for UK FinTech Startups
December 04, 2024  |  Banking

British bank NatWest is launching a program to help scale the country’s FinTech startups. The lender’s FinTech Growth Program, announced Wednesday (Dec. 4), is designed to give fledgling...

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