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.

FinTech Sunbit Lands $250M Debt Facility
FinTech Sunbit Lands $250M Debt Facility
December 05, 2022  |  BNPL

The FinTech Sunbit is looking to grow after receiving a $250 million investment. The $250 million debt facility comes as consumers are increasingly turning to...

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Telecoms Have Unique Chance to Monetize 1 Billion Unbanked Cell Customers
Telecoms Have Unique Chance to Monetize 1 Billion Unbanked Cell Customers
December 05, 2022  |  Financial Inclusion

One billion people have cellphones but no bank account, a gap wireless providers may fill. There’s nothing farfetched about the idea. It’s already well-established in...

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CE 100 Gains 3.1% as Tencent Leads Payment Names Higher
CE 100 Gains 3.1% as Tencent Leads Payment Names Higher
December 05, 2022  |  Connected Economy

Connected economy names surged as investors cheered signs of resilient consumer spending. To that end, the CE 100 Index outpaced the broader markets, gaining 3.1%...

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Business Services Provider Zventus Launches FinTech-in-a-Box for Lenders
Business Services Provider Zventus Launches FinTech-in-a-Box for Lenders
December 02, 2022  |  Loans

Zventus has launched a solution designed to help lenders better compete with FinTech companies. The global business services provider said in a Friday (Dec. 2)...

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Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
Congressional Report: Fraud in PPP Loans Separated FinTechs From Banks
December 02, 2022  |  Security & Fraud

FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. That’s the short version of a new congressional report that...

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UAE Celebrates Knowledge-Based Economy This National Day
UAE Celebrates Knowledge-Based Economy This National Day
December 01, 2022  |  Mena

 In its 51 years of existence, the UAE has emerged as a regional superpower. This Friday (Dec. 2), as the United Arab Emirates (UAE) celebrates...

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Neobank Monzo Will Be Profitable in 2023, CEO Says 
Neobank Monzo Will Be Profitable in 2023, CEO Says 
December 01, 2022  |  Digital Banking

British neobank Monzo will soon become profitable, CEO TS Anil said.  Speaking at a Financial Times (FT) event, Anil said, “We will be profitable in...

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US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
US Lawmakers Say FinTechs in PPP Acted ‘Recklessly’
December 01, 2022  |  Regulation

A U.S. House subcommittee said FinTech companies facilitated fraud in the Paycheck Protection Program (PPP). A staff report of the Select Subcommittee on the Coronavirus...

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Cellulant to Launch in South Africa, UAE and UK Next
Cellulant to Launch in South Africa, UAE and UK Next
December 01, 2022  |  International

Kenyan payment company Cellulant is branching into the South African market. Cellulant Chief Business Officer Sike Bamisebi discussed the firm’s regional expansion plans in a...

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