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.

Citi Joins JP Morgan, S&P Global in Illuminate Financial VC Venture
Citi Joins JP Morgan, S&P Global in Illuminate Financial VC Venture
July 13, 2022  |  Investments

Venture capital (VC) investment firm Illuminate Financial announced Wednesday (July 13) that it has entered a strategic relationship with Citi, who joins existing investors Jefferies,...

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Digital Initiatives Key to Global Economic Growth
Digital Initiatives Key to Global Economic Growth
July 13, 2022  |  Opinion

Large merchants and small and medium-sized businesses (SMBs) are expanding their digital initiatives to meet customer demands, PayU Global Payments CEO Mario Shiliashki writes in the...

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PYMNTS GCC Series: Bahrain Drives Open Banking Adoption in MENA
PYMNTS GCC Series: Bahrain Drives Open Banking Adoption in MENA
July 12, 2022  |  Banking

In the second installment of this series on the state of FinTech ecosystems in the Gulf Cooperation Council (GCC), PYMNTS will be taking a look...

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B2B Customers’ Changing Payment Preferences Skew Towards Speed and Ease
B2B Customers’ Changing Payment Preferences Skew Towards Speed and Ease
July 12, 2022  |  B2B Payments

Meeting end users’ needs requires companies to pay careful attention to how the payment preferences of consumers, vendors and industry partners are changing.  It also...

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Goldman Names Google Vet Jared Cohen to Innovation Post
Goldman Names Google Vet Jared Cohen to Innovation Post
July 12, 2022  |  Personnel

Goldman Sachs CEO David Solomon has named Google veteran Jared Cohen to oversee a new innovation group. As CNBC reported Tuesday (July 12), Cohen was...

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Motive Partners Closes $2.5B Flagship Capital Fund
Motive Partners Closes $2.5B Flagship Capital Fund
July 12, 2022  |  Investments

FinTech-focused private equity firm Motive Partners has closed its second flagship fund, Motive Capital Fund 2, totaling $2.54 billion in capital commitments for the fund...

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Capchase Announces Integration With Stripe
Capchase Announces Integration With Stripe
July 12, 2022  |  Partnerships

Non-dilutive capital startup Capchase is integrating with financial infrastructure platform Stripe, thus making Capchase’s services available on the Stripe App Marketplace. According to a Monday...

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Bank-FinTech Network Is Thriving
Bank-FinTech Network Is Thriving
July 12, 2022  |  Opinion

Venture firms are predicting that FinTechs will be generating an additional trillion dollars of deposits over the next few years, a fact that traditional banks...

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Should Banks Be Liable for Unauthorized Push Payments Fraud?
Should Banks Be Liable for Unauthorized Push Payments Fraud?
July 12, 2022  |  Security & Fraud

“Caveat emptor,” goes the old saying — buyer beware. And now, in the digital age, as peer-to-peer (P2P) transactions between bank accounts gain ground and...

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