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.

Today in FinTech: BNPL Openpay Exits US; Facebook Creators Can Showcase NFTs; G+D Snaps up Valid USA ID Biz
Today in FinTech: BNPL Openpay Exits US; Facebook Creators Can Showcase NFTs; G+D Snaps up...
July 01, 2022  |  Technology

In today’s FinTech news, Aussie BNPL firm Openpay is pulling out of the U.S. while security technology provider Giesecke+Devrient acquires the payment and identity solutions...

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Banks Leap From Legacy Core Systems to Innovation, Real-Time Capability
Banks Leap From Legacy Core Systems to Innovation, Real-Time Capability
July 01, 2022  |  Banking

In the world of open banking and open finance, core banking systems are no longer just a concern for the world’s biggest banks. On one...

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South African FinTech Sava Raises $2M in Pre-Seed Funding
South African FinTech Sava Raises $2M in Pre-Seed Funding
June 30, 2022  |  Investments

South African FinTech Sava has raised pre-seed funding worth $2 million, which will go towards the company’s business-to-business (B2B) spending and budgeting solution, a report...

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Hollydesk Debuts BNPL Option for Egyptian SMBs
Hollydesk Debuts BNPL Option for Egyptian SMBs
June 30, 2022  |  BNPL

Cairo-based FinTech Hollydesk announced on Thursday (June 30) a buy-now-pay-later (BNPL) option that lets its small business customers pay vendors over a 30-to-90 day period....

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FinTech IPO Index Closes Q2 Down 43% for the Year
FinTech IPO Index Closes Q2 Down 43% for the Year
June 30, 2022  |  IPO

No respite into the end of the quarter. And halfway through the year 2022, the FinTech IPO Index, as tracked by PYMNTS, has had a...

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SMB Financing Firm OppZo Announces $260M Fundraise
SMB Financing Firm OppZo Announces $260M Fundraise
June 30, 2022  |  Investments

OppZo Inc., which calls itself a “mission driven financial technology company focused on unlocking access to capital for small and medium sized businesses,” announced Thursday...

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The Data Point: New Tech for Cross-Border Payments Rates With 64% of All FIs
The Data Point: New Tech for Cross-Border Payments Rates With 64% of All FIs
June 30, 2022  |  Cross-border Payments

Financial institutions (FIs) are rising to the challenges of business clients seeking and doing more business in overseas markets, requiring a rethink — and in many...

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FinTechs Choose ‘Traditional’ IPOs, Shun SPACs, Amid Muted Listings
FinTechs Choose ‘Traditional’ IPOs, Shun SPACs, Amid Muted Listings
June 30, 2022  |  IPO

Dozens of mergers scuttled. Dwindling share prices. A market that is so volatile that, frankly, it’s no surprise that special purpose acquisition companies (SPACs) have seemingly had...

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EU Subscription Businesses Get Boost From Revenue-Based Financing
EU Subscription Businesses Get Boost From Revenue-Based Financing
June 30, 2022  |  Subscriptions

As traditional funding methods see headwinds during global macroeconomic challenges, revenue-based financing (RBF) is emerging as a convenient, viable option to bridge working capital gaps...

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