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.

Revolut Chair Not Ready to Commit to Going Public in UK
Revolut Chair Not Ready to Commit to Going Public in UK
July 03, 2024  |  Digital Banking

Revolut’s chair is not ready to commit to an initial public offering (IPO) in London. Speaking to the Financial Times (FT) Tuesday (July 2), Martin Gilbert praised pending...

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Dem Senators to Synapse: Let Customers Access Deposits
Dem Senators to Synapse: Let Customers Access Deposits
July 02, 2024  |  Politics

Four Democratic U.S. Senators have a message for bankrupt FinTech Synapse: Let your customers get access to their deposits. The four senators — Senate Banking...

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Revolut Revenues Jump 95% With Addition of 12 Million Customers
Revolut Revenues Jump 95% With Addition of 12 Million Customers
July 02, 2024  |  Digital Banking

Revolut’s revenues jumped 95% last year as it continues to pursue a British banking license. The London-based FinTech released its 2023 annual report Tuesday (July...

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Thread Bank Responds to FDIC Enforcement Action
Thread Bank Responds to FDIC Enforcement Action
July 01, 2024  |  Bank Regulation

2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is...

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Comfi Secures $5 Million Debt Facility to Expand B2B Payments
Comfi Secures $5 Million Debt Facility to Expand B2B Payments
June 28, 2024  |  B2B Payments

Dubai-based FinTech Comfi reportedly secured a $5 million debt facility to expand its B2B payment platform and support its launch of an embedded buy now,...

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Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
June 27, 2024  |  Cybersecurity

It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Following a “cease and desist” order issued to the bank...

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What Core Banking’s 40-Year Evolution Says About What’s Next for Banking
What Core Banking’s 40-Year Evolution Says About What’s Next for Banking
June 27, 2024  |  Banking

There’s a misperception about bankers and banking. That misperception is that money — in all its forms — is the most important asset. The reality...

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FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack
June 26, 2024  |  Cybersecurity

In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is...

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FundPark Gets $250 Million for Chinese Working Capital Projects
FundPark Gets $250 Million for Chinese Working Capital Projects
June 25, 2024  |  Startups

Hong Kong-based FinTech FundPark reportedly obtained a $250 million private loan led by HSBC. The loan is the second investment of this type FundPark has...

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