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.

MercadoLibre Drives Argentina’s Surge in Digital Tipping
MercadoLibre Drives Argentina’s Surge in Digital Tipping
August 11, 2024  |  Digital Payments

Cash has long been king at Argentina’s bars and restaurants. Its reign may be ending. As Bloomberg News reported Saturday (Aug. 10), card tipping had...

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FinTech IPO Index Loses 0.4% Despite Big Gains by Upstart and Sezzle
FinTech IPO Index Loses 0.4% Despite Big Gains by Upstart and Sezzle
August 09, 2024  |  Fintech Investments

The wild Wall Street ride continues as earnings have moved the FinTech IPO Index hither and yon, though the past week wound up being mostly...

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Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
August 08, 2024  |  Digital Banking

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum...

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Settle Says Future of CPG Payables Is Industry Specific and Cash Flow Optimized
Settle Says Future of CPG Payables Is Industry Specific and Cash Flow Optimized
August 08, 2024  |  Accounts Payable

Think of the consumer packaged goods industry, and you think of the monoliths. Procter & Gamble, for example, has been around since 1837 and has...

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Payoneer Pays $61 Million for HR/Payroll Platform Skuad
Payoneer Pays $61 Million for HR/Payroll Platform Skuad
August 07, 2024  |  Acquisitions

Small-business-focused FinTech Payoneer has acquired Singapore-based payroll/HR platform Skuad for $61 million. The deal is designed to bolster Payoneer’s efforts to serve as a “business-grade financial stack” for small...

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Galileo Says Wire Transfers Go Big and Go Digital With New APIs
Galileo Says Wire Transfers Go Big and Go Digital With New APIs
August 07, 2024  |  Faster Payments

If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant...

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Revolut Business Expands ‘Financial Super App for Businesses’ to Singapore
Revolut Business Expands ‘Financial Super App for Businesses’ to Singapore
August 06, 2024  |  B2B Payments

Revolut Business expanded the availability of its “borderless financial super app for businesses” to Singapore and is looking to add other markets. “We’re here to...

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SavvyMoney and Constellation Partner on Credit Union Financial Management Tools
SavvyMoney and Constellation Partner on Credit Union Financial Management Tools
August 06, 2024  |  Credit Unions

SavvyMoney and Constellation Digital Partners teamed up to deliver credit decisioning, analytics and financial wellness solutions to credit unions. Via collaboration, SavvyMoney’s personalized financial management...

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Dave’s ExtraCash Advance Program Grows by 37% Amid Continued Consumer Caution
Dave’s ExtraCash Advance Program Grows by 37% Amid Continued Consumer Caution
August 06, 2024  |  Earnings

Digital banking platform Dave said customers are increasingly turning to its ExtraCash offering. Originations for the cash advance program reached $1.2 billion for the company’s...

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