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.

Figure Technologies Cuts Funding Goal Amid Venture Capital Downturn
Figure Technologies Cuts Funding Goal Amid Venture Capital Downturn
February 06, 2023  |  Investments

Figure Technologies has reportedly cut its funding goal and may spin off some product lines. Bloomberg reported Monday (Feb. 6) that the startup building blockchain-based...

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Consumer Receipt Data Could Unlock Valuable and Permissioned Healthcare Insights
Consumer Receipt Data Could Unlock Valuable and Permissioned Healthcare Insights
February 06, 2023  |  Healthcare

While mostly a retail and finance tool, receipt data has already proven it can save lives. Researchers in the United Kingdom published findings last month...

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FinTech IPO Index Surges 10.5% as SoFi Rallies on Loan Demand
FinTech IPO Index Surges 10.5% as SoFi Rallies on Loan Demand
February 03, 2023  |  Fintech Investments

Tech stocks roared back to life coming into a new month — and suddenly February looks a lot brighter than the beginning of this year...

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FIS Cuts 2,600 Jobs During ‘Comprehensive Assessment’ of Business
FIS Cuts 2,600 Jobs During ‘Comprehensive Assessment’ of Business
February 02, 2023  |  Personnel

FIS has reportedly laid off 2,600 employees and contractors in recent weeks. The cuts amount to 2% of the FinTech’s workforce, according to a Thursday...

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How Big Healthcare Players Are Rewriting the Consumer Payments Playbook
How Big Healthcare Players Are Rewriting the Consumer Payments Playbook
February 02, 2023  |  Healthcare

Healthcare remains among the most paper-based industries in America, which means stakeholders from patients to providers to payers are missing out on digital efficiencies. Probing...

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Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
February 01, 2023  |  Investments

Egypt’s MNT-Halan has raised $400 million at a valuation of over $1 billion. The funding was announced by the Cairo-based FinTech on Monday (Feb. 1)....

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New York Regulator Requires New Disclosures for Small Businesses Financing
New York Regulator Requires New Disclosures for Small Businesses Financing
February 01, 2023  |  Regulation

New York’s financial watchdog wants small businesses to have enough information when they seek financing. To that end, the New York Department of Financial Services (NYDFS) has...

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Treasury Prime Gets $40M Vote of Investor Confidence in Embedded Banking’s Marketplace Model
Treasury Prime Gets $40M Vote of Investor Confidence in Embedded Banking’s Marketplace Model
February 01, 2023  |  Digital Banking

Two years ago, banking-as-a-service (BaaS) provider Treasury Prime, then a startup, raised $20 million. And Wednesday (Feb. 1), the company’s embedded banking marketplace model —...

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GoLogiq to Acquire Wealth-Building Platform Nest Egg
GoLogiq to Acquire Wealth-Building Platform Nest Egg
January 31, 2023  |  Fintech Investments

GoLogiq is to continue growing its wealth management capabilities by acquiring Nest Egg. The proposed transaction, which is subject to customary closing terms, aims to...

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