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.

Galileo Deploys Anti-Fraud Tools for Banks and FinTechs
Galileo Deploys Anti-Fraud Tools for Banks and FinTechs
September 10, 2024  |  Fraud Prevention

Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. The new tools, announced Tuesday (Sept. 10), are designed to offer real-time fraud detection and...

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22% of US Small Businesses Struggle to Pay Bills Due to Cash Flow
22% of US Small Businesses Struggle to Pay Bills Due to Cash Flow
September 10, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) often find themselves in a constant struggle to manage cash flow, focusing more on survival than growth. Many SMBs use...

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UK Banks Complete ‘Roadmap for Open Banking’
UK Banks Complete ‘Roadmap for Open Banking’
September 09, 2024  |  Banking

British banking providers have completed their Roadmap for Open Banking. That’s according to an announcement Monday (Sept. 9) from Open Banking Limited (OBL), which had gotten confirmation...

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Priority CEO: New Regulations Could Be ‘Overwhelming’ For FinTechs
Priority CEO: New Regulations Could Be ‘Overwhelming’ For FinTechs
September 09, 2024  |  Opinion

FinTechs that have invested in compliance, security and solid partnerships are well-positioned as regulation increases, Priority Technology Holdings CEO Thomas Priore writes in a new...

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FDIC Takes Hard Look at ‘For Benefit Of’ Accounts
FDIC Takes Hard Look at ‘For Benefit Of’ Accounts
September 06, 2024  |  Bank Regulation

The ties that bind banks and FinTechs will be more closely watched by the Federal Deposit Insurance Corporation (FDIC), and a formal proposal/rule from the...

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Small Businesses Tap FinTech Innovations to Close Big Digital Transformation Gap
Small Businesses Tap FinTech Innovations to Close Big Digital Transformation Gap
September 05, 2024  |  SMBs

While no two small and medium-sized businesses (SMBs) are alike, many face similar challenges. And those challenges tend to be related to the widening gap in...

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Visa’s New A2A Offering ‘Opens’ Choice and Security Via Direct Bank Transfers in the UK
Visa’s New A2A Offering ‘Opens’ Choice and Security Via Direct Bank Transfers in the UK
September 05, 2024  |  Payments Innovation

Direct debits have been popular through the decades — across a variety of use cases — especially when it comes to bill payments and subscriptions....

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Integration-to-Impact Window Gets Tighter for B2B Payments Innovation
Integration-to-Impact Window Gets Tighter for B2B Payments Innovation
September 05, 2024  |  B2B Payments

Innovations wouldn’t be deemed as such if they didn’t change things in a transformative way. And the world of B2B payments — characterized by complex...

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Flex Raises $3.2 Million for HSA and FSA Payment Acceptance
Flex Raises $3.2 Million for HSA and FSA Payment Acceptance
September 04, 2024  |  Investments

Health and wellness-focused FinTech Flex raised $3.2 million in seed funding. The new financing will help the company with its mission of offering direct-to-consumer health...

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