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.

Singapore’s MAS-Backed Elevandi Launches FinTech Advisory Committee
Singapore’s MAS-Backed Elevandi Launches FinTech Advisory Committee
May 19, 2022  |  Fintech Investments

Elevandi, a company established by the Monetary Authority of Singapore (MAS) to promote FinTech in the digital economy, has formed its advisory committee. According to...

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Deutsche Bank Backs MarketFinance’s Efforts to Lend $125M to UK SMBs
Deutsche Bank Backs MarketFinance’s Efforts to Lend $125M to UK SMBs
May 19, 2022  |  SMBs

London-based FinTech MarketFinance has raised debt from Deutsche Bank that will allow the company to fund part of a 100 million British pound (about $125...

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BaaS Firm Unit Valued at $1.2B After Series C
BaaS Firm Unit Valued at $1.2B After Series C
May 19, 2022  |  Investments

Unit is now a unicorn. The Banking-as-a-Service (BaaS) platform announced this week that it raised $100 million in a Series C funding round that brings...

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Nium Announces Real-time Payments, Expanded License, in Malaysia
Nium Announces Real-time Payments, Expanded License, in Malaysia
May 19, 2022  |  Digital Payments

Nium can now process real-time payments in Malaysia, the digital payments startup announced in a news release Thursday (May 19). With this addition, the company...

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Legacy Banks Must Step up Real-Time Data Analytics
Legacy Banks Must Step up Real-Time Data Analytics
May 19, 2022  |  Banking

In today’s fast-paced digital world, traditional financial institutions have a problem on their hands. Mobile-driven consumers increasingly want access to digital services, from online and...

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Today in FinTech: Bamba Snags $3.2M; Block Shifts Focus to Blockchain
Today in FinTech: Bamba Snags $3.2M; Block Shifts Focus to Blockchain
May 18, 2022  |  Investments

In today’s FinTech news, Block, formerly known as Square, wants people to stop thinking of them as a payments-only company and will now be emphasizing...

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Dubai-Based FinTech Pemo Snags $12M in Seed Funding
Dubai-Based FinTech Pemo Snags $12M in Seed Funding
May 18, 2022  |  Investments

Dubai-based FinTech Pemo has raised $12 million in a seed funding round that it will use for continued product development and expansion across the Middle...

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SPACs Get No Respect Amid 2022’s Tech Stock Shakeout
SPACs Get No Respect Amid 2022’s Tech Stock Shakeout
May 18, 2022  |  SPAC

There’s the promise, and then there’s the peril. Special purpose acquisition companies (SPACs) were heralded not all that long ago as streamlined ways to take...

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Today in FinTech: D2C BNPL; Flexible Payments; Cash-Back Rewards
Today in FinTech: D2C BNPL; Flexible Payments; Cash-Back Rewards
May 17, 2022  |  Credit Cards

In today’s FinTech news, flexibility could be a game changer for the direct-to-consumer sector, the IT industry and every space — be it in-store or...

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