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.

Payment Network Zilch Aims to Triple Sales After Raising $127 Million
Payment Network Zilch Aims to Triple Sales After Raising $127 Million
June 19, 2024  |  Investments

British payments FinTech Zilch has raised $127 million in debt financing via Deutsche Bank. The funding will help the company accelerate its ability to launch...

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Nuvei Shareholders Approve Previously Announced Go-Private Deal
Nuvei Shareholders Approve Previously Announced Go-Private Deal
June 18, 2024  |  Business

Nuvei has obtained shareholder approval for its previously announced plan for a going private transaction with Advent International. Shareholders approved the special resolution at a...

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Treasury Prime Partner Marketplace Adds FS Vector’s Compliance Training Resources
Treasury Prime Partner Marketplace Adds FS Vector’s Compliance Training Resources
June 18, 2024  |  Digital Banking

The Treasury Prime Partner Marketplace now includes FS Vector’s regulatory compliance training platform Headmaster. This addition comes as part of a newly formalized relationship between...

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Nonbank Lenders Pose Risks to Traditional Banks as Private Credit Surges
Nonbank Lenders Pose Risks to Traditional Banks as Private Credit Surges
June 18, 2024  |  Banking

Coming into 2024, PYMNTS spotlighted the appeal of private credit, also known as private debt, issued to corporates, and which offered up, and still offers,...

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Prometeo Launches Bank Account Validation Offering for US Market
Prometeo Launches Bank Account Validation Offering for US Market
June 18, 2024  |  Banking

Latin American FinTech Prometeo has launched its Bank Account Validation (BAV) offering for the U.S. market. This offering enables Latin American businesses to connect with...

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Stripe to Let Employees Cash Out Shares for Third Time
Stripe to Let Employees Cash Out Shares for Third Time
June 17, 2024  |  Business

Stripe expects to let employees cash out some of their shares, as it has done twice before. John Collison, a co-founder of Stripe, said the...

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Evolve Was Served a Cease-and-Desist Order — Now What?
Evolve Was Served a Cease-and-Desist Order — Now What?
June 17, 2024  |  Bank Regulation

The Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, that may have a chilling effect...

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Paytm Reportedly Explores Sale of Ticketing Unit to Zomato
Paytm Reportedly Explores Sale of Ticketing Unit to Zomato
June 16, 2024  |  Acquisitions

India’s Paytm is reportedly in discussions to sell its movie/event ticketing business to Zomato. Talks between the FinTech and the food delivery firm are in...

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FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple Pay Tie-up
FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple Pay Tie-up
June 14, 2024  |  Fintech Investments

Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%....

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