Brazilian eCommerce company Olist is expanding its banking services. Founder and CEO Tiago Dalvi told Bloomberg News on Wednesday (May 29) that the company expects to process almost 15% of its yearly transactions through its in-house banking service by the end of 2024. “After sales,...
Relay has raised $32.2 million in a Series B financing round to accelerate product development of its business banking platform. With the new funding, the company will focus on its development of spend management, smart credit products and a financial application programming interface (API) marketplace,...
In researching PYMNTS Intelligence’s “Meeting the Demand for Instant Ad Hoc Payments,” a collaboration with Ingo Payments, we found the volume of instant, nonrecurring ad hoc payments has risen 28% since September 2023. This surge in instant ad hoc payments can be traced, in part, to...
It has been a wild ride for many companies that come under the heading ‘“FinTech.” Case in point: MoneyLion. Just a year ago the company was a neobank struggling under a $9 million loss for Q1 2023. Fast forward a year and the data-driven financial...
May 30, 2024
According to PYMNTS Intelligence data, 95% of U.S. credit unions (CUs) are now wooing prospective Gen Z members. However, as “How Credit Union Innovation Can Drive Gen Z Engagement, makes clear, Gen Z consumers are a fickle bunch. In the past year, 42% of Gen Z CU members switched their primary financial institution (FI). To […]
May 03, 2024
Open banking is empowering consumers and the businesses they work with to adapt amid uncertainties, Trustly founder and CEO Alex Gonthier writes in the new PYMNTS eBook, “The Implications of...
April 30, 2024
The financial services industry tends to think at opposite ends of the spectrum when it comes to business customers. Solutions providers, banks and credit card companies tend to pay a lot of...
April 29, 2024
With the right technology, businesses can unlock critical insights hidden in their own customer data, Galileo CEO Derek White writes in the new PYMNTS eBook, “The Implications of Uncertainty.” ...
May 29, 2024
Brazilian eCommerce company Olist is expanding its banking services. Founder and CEO Tiago Dalvi told Bloomberg News on Wednesday (May 29) that the company expects to process almost 15% of its yearly transactions through its in-house banking service by the end of 2024. “After sales, the biggest challenge for our clients is access to financial […]
May 29, 2024
Relay has raised $32.2 million in a Series B financing round to accelerate product development of its business banking platform. With the new funding, the company will focus on its...
April 24, 2024
Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.” So said Stripe co-founders Patrick Collison and John Collison Wednesday (April 24) during...
April 23, 2024
Banking software company Temenos has appointed Jean-Pierre Brulard as CEO, effective May 1. Brulard will succeed Andreas Andreades, who will retire from the company, Temenos said in a Tuesday (April...
