Block drew plenty of attention earlier this year when CEO Jack Dorsey announced plans to cut roughly 40% of the company’s workforce and put artificial...
AutoRek has expanded its artificial intelligence-powered reconciliation capabilities and its global presence by acquiring Grath. The acquisition adds Grath’s reconciliation and regulatory compliance software and...
Six years after its founding, banking infrastructure company Increase is now a bank. Increase Bank, announced in a news release Wednesday (July 29), is designed...
The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes...
Dead people don’t spend much, but the federal government nearly sent them tens of millions of dollars anyway. The U.S. Treasury Department said Tuesday (July...
Small businesses are not abandoning banks for cross-border payments, but they are giving FinTechs a much larger share of the work. That shift stands out in “The Cross-Border...
Forward Financing, a provider of capital to small businesses across the United States, secured $525 million of new financing that brings the company’s total committed...
Revolut has received a banking license from Australia’s financial regulator. The license from the Australian Prudential Regulation Authority (APRA), announced Tuesday (July 21), marks the U.K. FinTech’s official entry into...