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.

The Sage Group Signs Deal to Acquire Connected Accounting Leader Lockstep
The Sage Group Signs Deal to Acquire Connected Accounting Leader Lockstep
August 16, 2022  |  Acquisitions

Accounting fintech Lockstep will be bought by payroll, HR and accounting tech firm The Sage Group, a press release said. This will allow Sage’s resources...

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FinTech Givex Completes Acquisition of Counter Solutions
FinTech Givex Completes Acquisition of Counter Solutions
August 16, 2022  |  Acquisitions

Givex, a FinTech that operates in the payments and customer loyalty space, has completed the purchase of Counter Solutions, a provider of point-of-sale (POS), ordering...

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TenureX Teams With TM Group to Democratize Correspondent Banking in Nordics Region
TenureX Teams With TM Group to Democratize Correspondent Banking in Nordics Region
August 16, 2022  |  Banking

Correspondent banking startup TenureX is partnering with technology management and integration firm TM Group in a move to democratize correspondent banking in the Nordics region. Under the partnership agreement,...

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Fed Offers Crypto Banks Path to Global Payments Rails
Fed Offers Crypto Banks Path to Global Payments Rails
August 16, 2022  |  Cryptocurrency

The Federal Reserve has opened a path for crypto banks and stablecoin issuers to gain access to master accounts that would bring access to the...

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Utah Investment Fund BankTech Ventures Raises $115M
Utah Investment Fund BankTech Ventures Raises $115M
August 16, 2022  |  Investments

BankTech Ventures (BTV), an investment fund serving community financial institutions (FIs) and bank technology entrepreneurs, raised $115 million to support innovation and investment return for community...

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Banking-as-a-Service FinTechs Tread New Regulatory Waters
Banking-as-a-Service FinTechs Tread New Regulatory Waters
August 16, 2022  |  Regulation

In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with...

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Investment Firm Thoma Bravo Eyes Cash Offer for UK Cybersecurity Firm Darktrace
Investment Firm Thoma Bravo Eyes Cash Offer for UK Cybersecurity Firm Darktrace
August 15, 2022  |  Acquisitions

British cybersecurity firm Darktrace is reportedly considering a cash offer from tech investment firm Thoma Bravo, Reuters wrote. According to Darktrace, the discussions were still...

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Report: Brazilian FinTech Hash Cuts Staff Amid Funding Woes
Report: Brazilian FinTech Hash Cuts Staff Amid Funding Woes
August 14, 2022  |  Personnel

Hash, a Brazilian FinTech backed by QED Investors, has reportedly fired “dozens” of employees as it looks to slowly shutter the entire business. According to...

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Klavi Raises $15M to Grow Open Finance Solution, Develop New B2B Products
Klavi Raises $15M to Grow Open Finance Solution, Develop New B2B Products
August 12, 2022  |  B2B Payments

Open finance SaaS platform Klavi has raised $15 million in a Series A investment round to develop new B2B finance products. Founded in 2020, the...

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