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.

Velera Innovation Alliance Aims to Drive Credit Union Growth
Velera Innovation Alliance Aims to Drive Credit Union Growth
September 04, 2024  |  Credit Unions

Credit union service organization Velera launched the Velera Innovation Alliance (VIA), an extension of Velera’s Fintech Engagement Program, which was first announced in April. The...

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PayPal-Backed Ume Raises $15 Million to Expand Payment Network
PayPal-Backed Ume Raises $15 Million to Expand Payment Network
September 04, 2024  |  Investments

Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and...

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OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
September 04, 2024  |  Security & Fraud

Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in...

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Shopping App Tabby Acquires Saudi Digital Wallet Tweeq
Shopping App Tabby Acquires Saudi Digital Wallet Tweeq
September 03, 2024  |  financial apps

Shopping/financial services app Tabby is acquiring Saudi digital wallet Tweeq. The deal, announced Tuesday (Sept. 3), will let Tweeq continue to operate independently, while allowing...

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Jack Henry and Moov Launch Digital Payments Partnership
Jack Henry and Moov Launch Digital Payments Partnership
September 03, 2024  |  Partnerships

Jack Henry and Moov teamed to help small businesses accept digital payments. The FinTech and the digital payments processor announced a collaboration in a Tuesday...

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From Partnerships to Problem Banks: FDIC Report Looms Large
From Partnerships to Problem Banks: FDIC Report Looms Large
September 03, 2024  |  Regulation

Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into...

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Zilch Exceeds $130 Million in Revenue and Marks First Monthly Profit
Zilch Exceeds $130 Million in Revenue and Marks First Monthly Profit
September 03, 2024  |  Buy Now Pay Later

Ad-subsidized payments network Zilch recorded its first profitable month in July. In the same month, Zilch’s revenue run rate exceeded $130 million, according to a...

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Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
September 02, 2024  |  Legal

A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject...

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Stripe CTO David Singleton to Step Down, Start Own Company
Stripe CTO David Singleton to Step Down, Start Own Company
August 29, 2024  |  Personnel

David Singleton said in a post on LinkedIn that he is stepping down as chief technology officer (CTO) at Stripe after seven years to start his own...

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