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.

Forging FinTech-FI Partnerships With mPOS?
Forging FinTech-FI Partnerships With mPOS?
April 12, 2019  |  Innovation

It’s not exactly Bogie and Bacall, or Kim and Kanye — at least not yet. But FinTechs and financial institutions are increasingly crafting partnerships designed to...

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Lemonade Raises $300M In Venture Funding To Expand
Lemonade Raises $300M In Venture Funding To Expand
April 11, 2019  |  Investments

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, announced Thursday (April 11) it has raised $300 million in venture funding. In a...

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How Startups Compete With Legacy Firms In Digital Banking
How Startups Compete With Legacy Firms In Digital Banking
April 11, 2019  |  Today In Data

Legacy banks and FinTech firms are looking to create digital-only banking services to capture consumer interest in using smartphones for their banking needs. In information technology news,...

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How APIs Help Banks Step Back From Siloed Business Banking
How APIs Help Banks Step Back From Siloed Business Banking
April 11, 2019  |  B2B Payments

The U.K.’s Open Banking market initiative is seeping into the U.S., and into the business banking segment, as financial institutions (FIs) explore ways to improve...

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What FIs Get (And Don’t Get) About AI
What FIs Get (And Don’t Get) About AI
April 11, 2019  |  Artificial Intelligence

The jury is in. Almost every modern financial institution (FI) has at least one artificial intelligence (AI) or machine learning system in place, and 61...

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Chase On Gen Z, Mobile Banking — 10 Years In
Chase On Gen Z, Mobile Banking — 10 Years In
April 10, 2019  |  Digital Banking

With more consumers than ever interested in fulfilling all their financial needs on mobile, both legacy banks and FinTech firms are focusing on creating digital-only...

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FinTech Firms Make Inroads In Switzerland
FinTech Firms Make Inroads In Switzerland
April 09, 2019  |  B2B Payments

In Switzerland, the tally of FinTech firms grew by 62 percent year over year, aided by a favorable regulatory climate, according to a recent study. ...

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Monzo Bank Valuation To Reach £2bn With US Investment
Monzo Bank Valuation To Reach £2bn With US Investment
April 08, 2019  |  Banking

U.K. digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in...

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