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.

SoFi Partners With Banks to Offer $2 Million FDIC Insurance
SoFi Partners With Banks to Offer $2 Million FDIC Insurance
March 22, 2023  |  Banking

SoFi Technologies is now offering access to additional FDIC insurance. With the new SoFi FDIC Insurance Network, SoFi has partnered with multiple banks to offer...

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SAP Fioneer Launches B2B Embedded Finance Platform for Financial Institutions
SAP Fioneer Launches B2B Embedded Finance Platform for Financial Institutions
March 22, 2023  |  B2B Payments

SAP Fioneer has launched a B2B embedded finance platform for use by financial service institutions. The new Fioneer Embedded Finance as a Service (EFaaS) provides...

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FinTech Issuers Promise Instant Payments, but Many Can’t Deliver
FinTech Issuers Promise Instant Payments, but Many Can’t Deliver
March 22, 2023  |  Money Mobility

Digital-first consumers increasingly power today’s economy, which makes money mobility a top requirement for any financial ser­vices provider. Prospective customers expect this ability, and the...

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Rectangle Health Appoints FinTech Veteran Sid Singh CEO
Rectangle Health Appoints FinTech Veteran Sid Singh CEO
March 21, 2023  |  Healthcare

Rectangle Health has appointed FinTech and healthcare industry veteran Sid Singh as CEO. Singh succeeds Dominick Colabella, who has served as the company’s CEO since...

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Alloy and Kyckr Streamline KYB Process for Banks and FinTechs
Alloy and Kyckr Streamline KYB Process for Banks and FinTechs
March 21, 2023  |  B2B Payments

Alloy and Kyckr have partnered on a know your business (KYB) solution. This collaboration adds Kyckr’s real-time KYB and Ultimate Beneficial Owner (UBO) data to...

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Tink Teams With ConTe.it Prestiti to Improve Instant Lending
Tink Teams With ConTe.it Prestiti to Improve Instant Lending
March 21, 2023  |  Loans

Tink has joined forces with Italian FinTech ConTe.it Prestiti to streamline loan applications. According to a Tuesday (March 21) news release, ConTe.it Prestiti has embedded...

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Two Raises $19.4 Million for Global B2B Payments Solution
Two Raises $19.4 Million for Global B2B Payments Solution
March 21, 2023  |  Investments

Two has raised 18 million euros (about $19.4 million) for its B2B payments solution. This new funding joins a previously unannounced round that raised 10...

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Silicon Valley Ripple Effects May Force Reckoning for Neobanks
Silicon Valley Ripple Effects May Force Reckoning for Neobanks
March 21, 2023  |  Banking

After the Silicon Valley Bank and Signature Bank meltdowns, the First Republic bailout, the Credit Suisse rescue, what’s to become of the neobanks? At this...

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Financial Wellness Tools Get Second Look as Consumers Drain Their Savings
Financial Wellness Tools Get Second Look as Consumers Drain Their Savings
March 21, 2023  |  Financial Inclusion

Budget-focused FinTechs and innovative financial institutions (FIs) may have a golden opportunity to meet consumer need. The Federal Reserve released its latest monthly snapshot of...

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