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.

Opendoor Leads Decliners as FinTech IPO Index Sheds 4.4%
Opendoor Leads Decliners as FinTech IPO Index Sheds 4.4%
February 23, 2023  |  IPO

The FinTech IPO Index was down 4.4% heading into the last few trading days of February. And as detailed earlier in the week, even though...

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Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
February 23, 2023  |  Regulation

Transactive Systems’ growth has reportedly slowed after the Bank of Lithuania imposed limits on it. The Bank of Lithuania said Jan. 20 that the electronic...

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LendingClub: AI Can Transform Lending and Broaden Inclusion
LendingClub: AI Can Transform Lending and Broaden Inclusion
February 23, 2023  |  artificial intelligence

The artificial intelligence (AI) revolution has been more of an evolution. “AI is the latest buzzword for something that’s been building for at least a...

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Nuvei Finalizes $1.3B Paya Purchase
Nuvei Finalizes $1.3B Paya Purchase
February 22, 2023  |  Acquisitions

Canadian FinTech Nuvei’s $1.3 billion acquisition of payment platform Paya is complete. The all-cash deal, first announced in January, gives Nuvei ownership of a payment...

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Few Winners to Be Found Among FinTech IPOs Minted During Pandemic
Few Winners to Be Found Among FinTech IPOs Minted During Pandemic
February 22, 2023  |  Fintech Investments

For the FinTech IPO Index, it’s been a long journey — down. On a day that saw Nasdaq plunge 2.5%, and in a month that...

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UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
February 21, 2023  |  Regulation

A British regulator has told eMoney firms that they need to change some practices. Financial Conduct Authority (FCA) Director of Payment and Digital Assets Matthew...

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Chipper Cash Cuts Staff but Keeps Crypto Operations
Chipper Cash Cuts Staff but Keeps Crypto Operations
February 21, 2023  |  Personnel

Pan-African FinTech Chipper Cash has reportedly laid off more than a third of its staff. “Friday was a sad day for Chipper Cash, as many...

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Green Dot Sees Demand From Unbanked Cash-Paying Customers
Green Dot Sees Demand From Unbanked Cash-Paying Customers
February 21, 2023  |  Cash

Green Dot Network is focusing on unbanked consumers who pay bills in cash. The bank holding company announced in a Tuesday (Feb. 21) press release...

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Mintoak Raises $20M to Expand Merchant Services Platform
Mintoak Raises $20M to Expand Merchant Services Platform
February 21, 2023  |  Investments

Mintoak has raised $20 million in a Series A funding round for its merchant services platform. The company said in a Tuesday (Feb. 21) post...

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