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.

Ex-Clinton OCC Chief: Crypto Firms ‘Getting Away With Murder’
Ex-Clinton OCC Chief: Crypto Firms ‘Getting Away With Murder’
September 06, 2022  |  Cryptocurrency

FinTechs and cryptocurrency companies that compete with banks without having to follow as many regulations are “getting away with murder,” Eugene Ludwig, comptroller of the...

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Equipment Financer TimePayment Acquires Competitor QuickSpark
Equipment Financer TimePayment Acquires Competitor QuickSpark
September 06, 2022  |  Acquisitions

TimePayment, a Boston FinTech company that provides sales financing for specialty equipment sellers, has acquired eCommerce-focused financing firm QuickSpark Financial. According to a Tuesday (Sept....

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What Yolt’s Exit Means for B2Bs in Europe’s Competitive Open Banking Market
What Yolt’s Exit Means for B2Bs in Europe’s Competitive Open Banking Market
September 06, 2022  |  Digital-First Banking

At the end of August, the Dutch banking group ING announced that it would be phasing out its open banking platform Yolt, citing a “rapidly...

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Investment Firm Aquila Buys Cibar to Add Trade Finance Solutions
Investment Firm Aquila Buys Cibar to Add Trade Finance Solutions
September 06, 2022  |  Acquisitions

Investment firm Aquila, a wholly owned subsidiary of Constellation Software, has acquired banking software solution provider Cibar to add trade finance solutions to its group...

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B2B Payment Funding Down — But Not Out
B2B Payment Funding Down — But Not Out
September 06, 2022  |  B2B Payments

Venture capital, private equity, seed and angel funding have been in the doldrums this summer, but there has been activity in the B2B payments space....

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Monavate Provides Prepaid Card Scheme for Maps.me
Monavate Provides Prepaid Card Scheme for Maps.me
September 06, 2022  |  Payment Methods

U.K.-based FinTech Monavate has announced a new prepaid Mastercard card product in collaboration with Maps.me that will allow the travel app developer’s 60 million users...

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Solera, DigniFi Team to Offer Customers Vehicle Repair Financing
Solera, DigniFi Team to Offer Customers Vehicle Repair Financing
September 06, 2022  |  Partnerships

Vehicle lifecycle management company Solera has launched a partnership with DigniFi, a FinTech platform for the auto industry. The tie-up will see Solera offer access...

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SlimPay, Tink Partner on EU Account-to-Account Payments
SlimPay, Tink Partner on EU Account-to-Account Payments
September 06, 2022  |  Payment Methods

Payment service provider SlimPay and FinTech Tink are partnering to enable frictionless account-to-account payments across Europe, powered by open banking. “Our partnership with Tink means...

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UK Regulators Scrutinize Revolut After Finding Audit Flaws
UK Regulators Scrutinize Revolut After Finding Audit Flaws
September 05, 2022  |  Digital Banking

Revolut is being pressured to improve its internal controls for financial reporting, after the U.K.’s Financial Reporting Council said the FinTech’s audits were flawed and...

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