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.

Ahead of Investor Day, FIS Sees Steady Growth in Banking
Ahead of Investor Day, FIS Sees Steady Growth in Banking
May 06, 2024  |  Earnings

We’ll know more detail when Fidelity National Information Systems (FIS) holds its investor day on Tuesday (May 7). But ahead of that event, the company’s first quarter earnings, and management...

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Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’ Vulnerabilities
Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’ Vulnerabilities
May 06, 2024  |  Bank Regulation

The rise of open banking and FinTechs is changing the fabric of financial services. Data sharing and pacts between traditional financial institutions and digital-only innovators...

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Platforms Rally to Push FinTech IPO Index 3% Higher
Platforms Rally to Push FinTech IPO Index 3% Higher
May 03, 2024  |  Fintech Investments

A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to...

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UK’s Non-London FinTechs Fight for Funding
UK’s Non-London FinTechs Fight for Funding
May 02, 2024  |  Startups

In the north of England, the Manchester area has a booming FinTech startup community. But as Bloomberg News reported Thursday, these companies are having trouble attracting...

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Mastercard Expands Start Path Program to Boost Payment Acceptance
Mastercard Expands Start Path Program to Boost Payment Acceptance
May 02, 2024  |  Mastercard

Mastercard has welcomed six startups to its Start Path program focused on improving payment acceptance. “The ability to accept electronic payments has been critical to...

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Report: Block Faces DOJ Probe Over Alleged Compliance Lapses
Report: Block Faces DOJ Probe Over Alleged Compliance Lapses
May 01, 2024  |  Regulation

Block, owner of Cash App and Square, is reportedly facing a Department of Justice investigation. Federal prosecutors are in discussions with an ex-employee about allegations of widespread compliance failures at Cash App and Square...

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Payments FinTech SumUp Gets $1.6 Billion Private Credit Loan
Payments FinTech SumUp Gets $1.6 Billion Private Credit Loan
May 01, 2024  |  Loans

British payments FinTech SumUp is reportedly looking to expand following a $1.6 billion loan. The private credit package will allow SumUp “to refinance existing debt, as well as...

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Backflip Raises $15 Million to Grow Real Estate Investment Platform
Backflip Raises $15 Million to Grow Real Estate Investment Platform
April 29, 2024  |  Investments

Backflip raised $15 million in a Series A funding round to grow its platform for real estate investors. The company’s real estate and FinTech platform is designed to provide funding...

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Customer-First Focus Unlocks Financial Technology Innovation
Customer-First Focus Unlocks Financial Technology Innovation
April 29, 2024  |  Opinion

With the right technology, businesses can unlock critical insights hidden in their own customer data, Galileo CEO Derek White writes in the new PYMNTS eBook,...

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