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.

What Next for UK’s 6.5M Open Banking Users?
What Next for UK’s 6.5M Open Banking Users?
January 16, 2023  |  Banking

The U.K. today counts 6.5 million active users of open banking-powered technology. In a recent statement announcing the news, the country’s Open Banking Implementation Entity...

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Rep. McHenry Creates House Digital Assets/FinTech Subcommittee
Rep. McHenry Creates House Digital Assets/FinTech Subcommittee
January 15, 2023  |  Politics

House Republicans are set to take a closer look at FinTechs and digital assets. Rep. Patrick McHenry, the new chair of the House Financial Services...

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UK’s 6 Largest Banks Complete Open Banking Roadmap
UK’s 6 Largest Banks Complete Open Banking Roadmap
January 13, 2023  |  Digital-First Banking

The UK’s competition authority has announced the near completion of the country’s open banking roadmap. In a statement released on Thursday (Jan. 12), the Competition and Markets...

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TeamApt Rebrands as Moniepoint; Opens London Office
TeamApt Rebrands as Moniepoint; Opens London Office
January 13, 2023  |  Digital Banking

TeamApt Inc. has become Moniepoint Inc., rebranding to reflect the name of its flagship digital banking product. In a press release announcing the rebranding on Friday (Jan....

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Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector
Digitization Speeds Approvals, Closes Gaps in EU Trade Finance Sector
January 12, 2023  |  B2B Payments

Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy...

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Mastercard: How Banking as a Service Will Scale in 2023 and Beyond 
Mastercard: How Banking as a Service Will Scale in 2023 and Beyond 
January 12, 2023  |  Digital-First Banking

“Banking as a service, and embedded finance, taken together — they just represent where the world is going.” As Sherri Haymond, executive vice president, Global...

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CFPB Proposes Public Posting of Confusing ‘Terms and Conditions’ Clauses
CFPB Proposes Public Posting of Confusing ‘Terms and Conditions’ Clauses
January 11, 2023  |  CFPB

A federal regulatory agency wants to take a closer look at nonbanks’ terms and conditions. The Consumer Financial Protection Bureau (CFPB) proposed a rule Wednesday...

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New Lab Paves Way for Saudi Arabia’s Open Banking Launch
New Lab Paves Way for Saudi Arabia’s Open Banking Launch
January 11, 2023  |  Banking

The Kingdom of Saudi Arabia has launched an Open Banking Lab for banks and FinTechs. The new lab, announced by the Central Bank of Saudi...

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UK and Thailand Sign FinTech and Sustainable Finance MOU
UK and Thailand Sign FinTech and Sustainable Finance MOU
January 11, 2023  |  Partnerships

The U.K. has signed an MOU on financial services with Thailand. The new Memorandum of Understanding (MOU), signed on Monday (Jan. 9) and publicized on...

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