Finance news and trends

Ramp Valued at $7.6 Billion Following Series D Round
B2B Payments // April 18, 2024

Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down a $150 million Series D-2 funding round. “This new funding will allow us to triple down on the next wave of innovation...

New Study Shows Big Gap Between Open Banking Interest and Use
Payments Innovation // March 19, 2024

Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one type of expense, including monthly bills, groceries or subscriptions. These payments offer a secure and convenient way to pay merchants...

Goldman and BNY Mellon Join Multi-Lender Blockchain Project
Blockchain // March 12, 2024

Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network connecting various financial institutions, one of the largest-scale of such pilots in capital markets, Bloomberg News...

PSCU/Co-op Solutions Study Adds New Urgency to Credit Union Innovation
Credit Unions // March 11, 2024

Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds they also show more interest in seamless omnichannel banking, cash management tools and buy now, pay later (BNPL) than non-CU...

Interviews & Exclusives
New Study Shows Big Gap Between Open Banking Interest and Use

March 19, 2024
Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one type of expense, including monthly bills, groceries or subscriptions. These payments offer a secure and convenient way to pay merchants and service providers directly from their bank accounts. Younger consumers […]

PSCU/Co-op Solutions Study Adds New Urgency to Credit Union Innovation

March 11, 2024
Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds they also show more interest...

New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments

February 26, 2024
Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so can pave the way to...

Study: Investments in Payments Innovation Reduce Credit Union Member Churn by 57%

January 30, 2024
Credit unions (CUs) provide financial services to a community of members often connected by location, work or education. Although many CUs might not have the national or regional scope of...

Quick Reads
Countsy Debuts Platform to Streamline Back-Office Management

April 23, 2024
Accounting and human resources and finance firm Countsy has debuted an online platform. Announced Tuesday (April 23), countsy.ai is designed to simplify back-office management by providing a centralized place for essential business tools and team collaboration. “We designed our new portal to streamline the often complex back office operations for our clients,” Mairtini Ni Dhomhnaill, founder of Countsy, said in a news […]

Ramp Valued at $7.6 Billion Following Series D Round

April 18, 2024
Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down a $150 million Series D-2 funding round....

Goldman and BNY Mellon Join Multi-Lender Blockchain Project

March 12, 2024
Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network connecting...

Numarics Raises €10.2 Million to Offer Small Businesses All-in-One Digital CFO Solution

July 06, 2023
Swiss FinTech startup Numarics has raised €10 million ($10.9 million) in a seed funding round, offering small and medium-sized businesses (SMBs) a digital CFO solution to streamline their administration processes....