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.

Lavu, Parafin Partner to Offer Restaurants Cash Advances
Lavu, Parafin Partner to Offer Restaurants Cash Advances
September 28, 2022  |  Partnerships

Restaurant software and payments platform Lavu has launched a new solution that offers restaurants cash advances. The new Lavu Capital offering is powered by embedded...

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Payments Startup Satispay Raises €320M, Is Italy’s Newest Unicorn
Payments Startup Satispay Raises €320M, Is Italy’s Newest Unicorn
September 28, 2022  |  Investments

Payments startup Satispay raised 320 million euros ($306 million) in a Series D funding round that boosted its valuation to 1 billion euros, making it the latest...

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Nordic PayTech Westpay Selects ACI Worldwide for eCommerce Solution
Nordic PayTech Westpay Selects ACI Worldwide for eCommerce Solution
September 27, 2022  |  eCommerce

Miami-headquartered FinTech ACI Worldwide, which develops real-time payments software, announced that Swedish payments firm Westpay AB will integrate ACI Secure eCommerce into its payment solution...

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Milan Payment Tech Firm Nexi Unveils Strategic Plan Including M&A
Milan Payment Tech Firm Nexi Unveils Strategic Plan Including M&A
September 27, 2022  |  Markets

Milan-based payment technology firm Nexi announced it would increase profits more than markets expected over the next three years and generate around 2.8 billion euros...

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Grab Focuses on Efficiency and Profitability by 2024 
Grab Focuses on Efficiency and Profitability by 2024 
September 27, 2022  |  Merchant Innovation

With a focus on sustainable growth, Southeast Asian technology group Grab is revving up efficiency across its processes as it targets profitability by 2024. The...

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A Year After Launch, Local Platforms Seem Ready to Embrace eNaira
A Year After Launch, Local Platforms Seem Ready to Embrace eNaira
September 26, 2022  |  CBDC

Nearly a year after its launch in October 2021, Nigeria’s central bank digital currency (CBDC), the eNaira, is beginning to gain traction in the country....

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Brazil to Cap Prepaid Card Interchange Fees to 0.7% Starting April 2023
Brazil to Cap Prepaid Card Interchange Fees to 0.7% Starting April 2023
September 26, 2022  |  Prepaid

The Central Bank of Brazil (BCB) is set to cap interchange fees for prepaid cards starting in April 2023, and it will also standardize the...

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Veto of California Crypto Law Cold Comfort for State’s FinTech Sector
Veto of California Crypto Law Cold Comfort for State’s FinTech Sector
September 26, 2022  |  Cryptocurrency

The cryptocurrency lobbying industry won another victory Friday (Sept. 23) when California’s governor vetoed a bill that would have created a crypto regulation framework it...

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Pound, Euro Instability Signals Stress Ahead for Europe’s FinTech Ecosystem
Pound, Euro Instability Signals Stress Ahead for Europe’s FinTech Ecosystem
September 26, 2022  |  Fintech Investments

How a currency trades on the world stage is a form of shorthand for how traders and investors view the prospects and the perils facing...

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