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.

CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. Get the Full Story Complete the form...

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Nuvei Integrates With Outpayce’s Payment Platform for Travel Merchants
Nuvei Integrates With Outpayce’s Payment Platform for Travel Merchants
January 16, 2025  |  Travel Payments

Nuvei is the latest payments service provider to be integrated into Outpayce’s Xchange Payment Platform (XPP), which serves travel merchants. Get the Full Story Complete...

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Partnerships Between Credit Unions and FinTechs Create ‘Proactive Future’
Partnerships Between Credit Unions and FinTechs Create ‘Proactive Future’
January 16, 2025  |  Partnerships

In the past, financial institutions and FinTechs competed with one another, jostling for clients’ accounts, loyalty and debit card spending. Get the Full Story Complete...

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How Platforms and Partnerships Moved a 167-Year-Old Bank Into the Digital Age
How Platforms and Partnerships Moved a 167-Year-Old Bank Into the Digital Age
January 16, 2025  |  Banking

As financial services move increasingly online — even as value remains in branch experiences — FinTechs are looking for banking partners to expand their reach...

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60% of US Consumers Use P2P Apps to Pay Bills
60% of US Consumers Use P2P Apps to Pay Bills
January 16, 2025  |  Consumer Payments

Peer-to-peer (P2P) payment platforms have gained popularity, especially among young consumers who value quick and seamless transactions. Get the Full Story Complete the form to...

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Get Ready for a New Buzzphrase: Autonomous Commerce
Get Ready for a New Buzzphrase: Autonomous Commerce
January 16, 2025  |  Opinion

AI-powered innovation is reshaping B2B payments, but not all AI is created equally, Coupa Chief Procurement Officer Michael Van Keulen writes in a new PYMNTS...

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Block to Pay $80 Million to Settle AML Violation Allegations
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025  |  Regulation

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that...

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Klearly Raises $6.2 Million for SoftPOS Solution for Hospitality Businesses
Klearly Raises $6.2 Million for SoftPOS Solution for Hospitality Businesses
January 15, 2025  |  Investments

Dutch FinTech Klearly raised 6 million euros (about $6.2 million) in a seed round to grow its software point-of-sale (SoftPOS) product for hospitality businesses, mobile...

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Nelly Raises $52 Million to Expand Healthcare Platform in Europe
Nelly Raises $52 Million to Expand Healthcare Platform in Europe
January 15, 2025  |  Investments

Berlin-based Nelly raised 50 million euros (about $52 million) to further develop its platform for medical practices, increase its market share in Germany and expand...

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