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.

Groupe BPCE Merges Payplug and Dalenys Into Single Payments Subsidiary
Groupe BPCE Merges Payplug and Dalenys Into Single Payments Subsidiary
September 20, 2022  |  Digital Payments

Two subsidiaries of French retail banking conglomerate Groupe BPCE are set to join forces in a move to consolidate the group’s FinTech operations. Payplug, an...

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Bancorp Changes Status to National Bank Charter, Moves to South Dakota
Bancorp Changes Status to National Bank Charter, Moves to South Dakota
September 20, 2022  |  Digital-First Banking

The Bancorp Bank is dropping its Delaware charter to become a national bank and is now regulated by the Office of the Comptroller of the...

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With Roots in Commodity Trading, MaterialsXchange Moves Lumber Sales Digital
With Roots in Commodity Trading, MaterialsXchange Moves Lumber Sales Digital
September 20, 2022  |  eCommerce

Early on, marketplace platforms experience what’s known as an ignition problem — a kind of chicken-and-egg dilemma where prime movers need to start adoption before...

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As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
September 20, 2022  |  Digital Banking

Unlike the United Kingdom and Europe, the use of application programming interfaces (APIs) by third parties to access consumers’ financial data with their consent —...

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Data Brief: Fewer Than 1 in 10 US Consumers Use FinTechs as Primary Bank
Data Brief: Fewer Than 1 in 10 US Consumers Use FinTechs as Primary Bank
September 19, 2022  |  Digital Banking

The corner bank branch — the brick-and-mortar kind — may be giving way to a digital one embedded in our phones. We’re seeing the rise...

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FinTech Firm Acrisure Acquires B2Z Insurance to Expand InsurTech
FinTech Firm Acrisure Acquires B2Z Insurance to Expand InsurTech
September 19, 2022  |  Acquisitions

In a bid to boost its digital insurance offerings, financial services FinTech Acrisure has acquired B2Z Insurance. Terms of the deal were not disclosed. “With...

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Tech Investments Usher In Post-Oil Future in Emerging Markets
Tech Investments Usher In Post-Oil Future in Emerging Markets
September 18, 2022  |  Connected Economy

As the world seeks to wean itself off fossil fuels, several oil-dependent countries in emerging markets are using technology and the digital economy to drive...

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Fear, Skepticism Drive Weird Relationship With New Tech
Fear, Skepticism Drive Weird Relationship With New Tech
September 16, 2022  |  Payments Innovation

While panning PYMNTS’ weekly stream of research and surveys, an unexpected thread of mistrust, misperception and misuse emerged, involving both consumers and businesses, that wove...

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Banking Platform Oportun Gains $150M Secured Loan From Neuberger Berman
Banking Platform Oportun Gains $150M Secured Loan From Neuberger Berman
September 16, 2022  |  Loans

Mission-driven FinTech and digital banking platform Oportun Financial Corporation closed a $150 million senior secured term loan from funds managed or sub-advised by Neuberger Berman Specialty Finance. “The capital...

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