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.

Most Small Insurers Set 12-Month Plan to Implement Real-Time Payments
Most Small Insurers Set 12-Month Plan to Implement Real-Time Payments
December 17, 2024  |  Insurance

The insurance industry has faced challenges in implementing real-time payouts due to high costs and transparency issues, despite the potential benefits for insurers and customers,...

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FDIC Finds More ‘Problem Banks,’ Now at 3-Year High
FDIC Finds More ‘Problem Banks,’ Now at 3-Year High
December 16, 2024  |  Banking

The Federal Deposit Insurance Corp.’s roster of “problem banks” continues to grow. The overall number of those banks — 68 as of the end of...

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FIS Reportedly Spending $300 Million to Buy UK FinTech Demica
FIS Reportedly Spending $300 Million to Buy UK FinTech Demica
December 16, 2024  |  Acquisitions

FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal. The two parties agreed to a deal last week, Sky...

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Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
December 16, 2024  |  AML

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. The company was placed into administration — a type of insolvency procedure...

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Upbound to Add Financial Wellness Solutions With Brigit Acquisition
Upbound to Add Financial Wellness Solutions With Brigit Acquisition
December 13, 2024  |  Acquisitions

Upbound Group, the owner of the Rent-A-Center and Acima brands, agreed to acquire financial health technology company Brigit for up to $460 million. The planned...

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Bridging the Gap: Connecting Small Businesses to the Broader Business Ecosystem
Bridging the Gap: Connecting Small Businesses to the Broader Business Ecosystem
December 13, 2024  |  SMBs

No business wants to get paid slower. No one wants to park their financial operations with a larger company. And no one wants to pay...

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Nuvei Adds Google Pay to Cashier Solution in Latin America
Nuvei Adds Google Pay to Cashier Solution in Latin America
December 12, 2024  |  Partnerships

Nuvei can now integrate Google Pay into its cashier solution for merchants across Latin America. The capability represents an expansion of the company’s global partnership...

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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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