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.

OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
April 11, 2024  |  Financial Inclusion

This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take...

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FI Execs Curb Their Enthusiasm for Open Banking
FI Execs Curb Their Enthusiasm for Open Banking
April 11, 2024  |  Security & Fraud

Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers,...

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PSCU/Co-op Solutions Launches Digital Lending Suite
PSCU/Co-op Solutions Launches Digital Lending Suite
April 10, 2024  |  Credit Unions

PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite. The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the...

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Wellfit and HFD Team to Offer Dental Financing
Wellfit and HFD Team to Offer Dental Financing
April 09, 2024  |  Healthcare Financing

Healthcare technology platform Wellfit has teamed with FinTech HFD to offer consumers more health financing solutions. “This collaboration signifies a pivotal step towards enhancing accessibility to...

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Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
Empower Signs Deal to Acquire Petal, Completes Purchase of Cashalo
April 09, 2024  |  Acquisitions

Empower Finance plans to acquire Petal and has completed its acquisition of Cashalo. These acquisitions will expand Empower’s credit offerings to new markets in the United States and Southeast...

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Managing Third-Party Risks Emerges as Key B2B Issue
Managing Third-Party Risks Emerges as Key B2B Issue
April 09, 2024  |  B2B Payments

The B2B landscape is built atop trusted relationships, both formal and informal. These relationships can include partnerships and collaborations with third-party vendors, suppliers, contractors, service...

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Wirex Plans Decentralized Autonomous Organization for WPay Platform
Wirex Plans Decentralized Autonomous Organization for WPay Platform
April 09, 2024  |  Digital Payments

Wirex says it is creating a decentralized autonomous organization (DAO) for its payment platform WPay. The project is designed to give users the opportunity to play a...

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Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
April 08, 2024  |  Buy Now Pay Later

Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges....

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Singapore’s Tranglo Expands Cross-Border Payments Network
Singapore’s Tranglo Expands Cross-Border Payments Network
April 08, 2024  |  Digital Payments

Tranglo has expanded its cross-border payment network to allow transfers to more than 30 digital wallets. The Singapore-based FinTech announced the expansion Monday (April 8), noting that its direct-to-wallet...

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