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.

Open Banking Platform Consolidation Leads to Broader EU Customer Reach
Open Banking Platform Consolidation Leads to Broader EU Customer Reach
January 31, 2023  |  Acquisitions

After years of consolidation, Europe’s largest open banking players now cover much of the continent. Over the years, the continent’s open banking companies have expanded...

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Moov Financial Raises $45M to Grow Money Movement Platform
Moov Financial Raises $45M to Grow Money Movement Platform
January 31, 2023  |  Investments

Moov Financial has raised $45 million in Series B to expand its money movement platform. The funding round was led by Commerce Ventures, and the...

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Cash App Launches New Feature to Help Consumers With Savings
Cash App Launches New Feature to Help Consumers With Savings
January 31, 2023  |  Personal Finance

Cash App has launched a new feature that helps consumers with their savings. Designed to make it easy for people to save for the first...

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Interoperable Data and Payments Are Healthcare’s Future, Says Bank of America
Interoperable Data and Payments Are Healthcare’s Future, Says Bank of America
January 31, 2023  |  Digital-First Banking

Amid an array of healthcare data and reams of medical payments handled by banks exists a triage opportunity. This, as inroads are being made to...

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FinTechs Drive Consumer Financial Well-Being With Enhanced Spend Visibility
FinTechs Drive Consumer Financial Well-Being With Enhanced Spend Visibility
January 29, 2023  |  Consumer Finance

Klarna’s new “Money Story” highlights the importance of reviewing spending patterns. The new feature works like a Spotify-style year in review, but instead of showing...

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Jeremy Hunt Wants to Make UK the ‘Next Silicon Valley’
Jeremy Hunt Wants to Make UK the ‘Next Silicon Valley’
January 27, 2023  |  Economy

Jeremy Hunt has outlined his vision to make the U.K. “the world’s next Silicon Valley.” In a speech on Friday (Jan. 27), the chancellor of...

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FinTechs See Partnership Potential as Businesses Refocus on Their Core
FinTechs See Partnership Potential as Businesses Refocus on Their Core
January 27, 2023  |  Digital-First Banking

Many FinTechs got walloped in 2022 for bloated valuations, which is increasing the focus on fundamentals and partnerships. PYMNTS’ Karen Webster recently discussed what that...

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Affirm, NuBank, Upstart Lead 6.4% Surge in FinTech IPO Index
Affirm, NuBank, Upstart Lead 6.4% Surge in FinTech IPO Index
January 27, 2023  |  Fintech Investments

The FinTech IPO Index has enjoyed a rebound so far, despite the usual volatility. Year to date, the group is up 22%, buoyed by the...

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Marqeta Names Ex-Yahoo Exec Simon Khalaf as CEO
Marqeta Names Ex-Yahoo Exec Simon Khalaf as CEO
January 26, 2023  |  Personnel

Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began...

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