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.

Bank of America Merges FinTech and Technology Investment Banking Teams
Bank of America Merges FinTech and Technology Investment Banking Teams
October 14, 2024  |  Banking

Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its...

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79% of Millennials and Gen Z Turn to Social Media for Financial Advice
79% of Millennials and Gen Z Turn to Social Media for Financial Advice
October 14, 2024  |  Consumer Finance

Social media algorithms have emerged as influential players in the realm of advice, effectively acting as pseudo-advisers for generations eager for financial literacy. A PYMNTS...

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Mercado Libre Sells Record 20 Million Products in August as Argentina Recovers
Mercado Libre Sells Record 20 Million Products in August as Argentina Recovers
October 09, 2024  |  eCommerce

Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.” The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8)...

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Mercury Gets $100 Million Credit Warehouse for Corporate Card Business
Mercury Gets $100 Million Credit Warehouse for Corporate Card Business
October 09, 2024  |  Credit Cards

FinTech company Mercury secured a $100 million credit warehouse with Natixis Corporate & Investment Banking to grow its corporate credit card business. In the two...

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Healthcare Providers Turn to Digital Payments to Cut Billing Complexities
Healthcare Providers Turn to Digital Payments to Cut Billing Complexities
October 09, 2024  |  Healthcare

Every pain point has a source, and identifying the source can be the key to finding its cure. Within the healthcare sector especially, many of...

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Cash Flow 2.0: Better Business Payments Create Smarter Treasury Strategies
Cash Flow 2.0: Better Business Payments Create Smarter Treasury Strategies
October 09, 2024  |  B2B Payments

Emerging payment networks and models are rewriting the rules of commercial transactions. And it’s time for chief financial officers and treasurers to cash in. Whether...

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Velera and Kinective Team to Help Credit Unions Integrate Financial Software
Velera and Kinective Team to Help Credit Unions Integrate Financial Software
October 08, 2024  |  Credit Unions

Credit union service organization Velera has launched a partnership with banking software company Kinective. The collaboration gives Velera’s credit union clients access to Kinective’s Gateway, an integration technology...

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TerraPay and Fabrick Team to Further European Cross-Border Payments
TerraPay and Fabrick Team to Further European Cross-Border Payments
October 08, 2024  |  Partnerships

Italy-based open finance company Fabrick has launched a collaboration with money movement firm TerraPay. Initially focused on Fabrick’s home country, the partnership gives businesses access to a platform...

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Passkeys Replace Passwords as Banks Seek Better Authentication Options
Passkeys Replace Passwords as Banks Seek Better Authentication Options
October 07, 2024  |  Authentication

In the 21st-century financial services sector, security is paramount, and threats abound. As sophisticated cyber threats, from deepfakes to cloud vulnerabilities, spread from every corner...

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