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.

Tulip Adds Tap to Pay on iPhone to POS System
Tulip Adds Tap to Pay on iPhone to POS System
January 11, 2023  |  Mobile Payments

Tulip has added Tap to Pay on iPhone to its omnichannel point-of-sale (POS) system. Enabled by the company’s partnership with global FinTech platform Adyen, this...

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Payments Set to Reshape Cross-Border eCommerce in 2023
Payments Set to Reshape Cross-Border eCommerce in 2023
January 11, 2023  |  Retail

As much as economic uncertainty abounds, many market watchers expect continued growth of the cross-border eCommerce sector. It’s a forecast backed by the belief that...

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Banks Start 2023 Giving Retailers and Consumers New BNPL Options
Banks Start 2023 Giving Retailers and Consumers New BNPL Options
January 10, 2023  |  Buy Now Pay Later

As they navigate a period of economic uncertainty, Americans are increasingly turning to buy now, pay later (BNPL) tools. An emergent suite of next-generation, flexible...

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German Neobank Ruuky Files for Insolvency
German Neobank Ruuky Files for Insolvency
January 09, 2023  |  Digital-First Banking

The German neobank Ruuky announced it has filed for bankruptcy after less than three years in operation. In a LinkedIn post Monday (Jan. 9), the Hamburg-based...

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Nuvei Acquires Paya for $1.3B to Expand Beyond Retail Payments
Nuvei Acquires Paya for $1.3B to Expand Beyond Retail Payments
January 09, 2023  |  Acquisitions

Canadian FinTech Nuvei said it will acquire payments firm Paya in a $1.3 billion all-cash deal. The purchase combines “two people-first, technology-led, high-growth payment platforms,”...

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The Eight Trends That Will Shape Payments, Retail, and the Digital Economy in 2023
The Eight Trends That Will Shape Payments, Retail, and the Digital Economy in 2023
January 09, 2023  |  Connected Economy

The holiday ornaments have been put away, the resolutions have been made, the new year well wishes have been given. That means it’s time for...

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APIs Turn Businesses Into Banking Services Providers in Weeks
APIs Turn Businesses Into Banking Services Providers in Weeks
January 09, 2023  |  API

Macro headwinds aside, embedded finance is poised for long-term growth. Itai Damti, CEO of the Banking-as-a-Service platform (BaaS) Unit, told PYMNTS that BaaS and embedded...

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UAE Targets ‘Hyperscale’ Cloud Computing to Boost Digital Economy
UAE Targets ‘Hyperscale’ Cloud Computing to Boost Digital Economy
January 08, 2023  |  Connected Economy

A new cloud business group in Dubai points to the growth of high-tech industries. With a plan to launch 100 new business groups by March...

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Ant Group’s Jack Ma Cedes Control as China Pressures Big Tech
Ant Group’s Jack Ma Cedes Control as China Pressures Big Tech
January 08, 2023  |  Personnel

Ant Group’s founder is set to give up control of the Chinese FinTech. Billionaire Jack Ma will no longer hold majority voting rights in the...

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