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.

Money Transfer Service Zepz Cuts 2% of Staff
Money Transfer Service Zepz Cuts 2% of Staff
November 30, 2023  |  Business

British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report...

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Paysend Raises $65 Million and Teams With TelevisaUnivision
Paysend Raises $65 Million and Teams With TelevisaUnivision
November 29, 2023  |  Investments

Money transfer FinTech Paysend has raised $65 million in a new funding round. The round, announced Wednesday (Nov. 29), follows Paysend’s recent partnership with Mastercard, which allows the company to enhance cross-border...

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25% of Consumers Want Quick Access to Credit Funds
25% of Consumers Want Quick Access to Credit Funds
November 29, 2023  |  Banking

In addition to interest rates and terms, many consumers value the speed with which money becomes available after they apply for a credit product. Reducing...

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Latin American FinTech Clara Launches Payment Account in Brazil 
Latin American FinTech Clara Launches Payment Account in Brazil 
November 28, 2023  |  Latin America

Clara, a Latin American FinTech company, has launched a payment account in Brazil.  The new payment account offering complements Clara’s existing range of products, which...

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Data Helps FinTechs Forge Much-Needed Path to Profitability
Data Helps FinTechs Forge Much-Needed Path to Profitability
November 28, 2023  |  Data

For FinTechs, capturing data, analyzing it, and perhaps even monetizing it through partnerships will help determine who’s profitable, and ultimately, which FinTechs survive and thrive....

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Nearly 40% of FinTechs Offer Mobile Check Deposit but Only 12% of Consumers Use It
Nearly 40% of FinTechs Offer Mobile Check Deposit but Only 12% of Consumers Use It
November 21, 2023  |  Digital Banking

FinTechs have emerged as disruptors in the financial industry, offering consumers a wide range of services.  However, a recent report titled “The Issuers Report 2023:...

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Spanish FinTech Fence Raises $2 Million for Debt Management Software
Spanish FinTech Fence Raises $2 Million for Debt Management Software
November 20, 2023  |  Investments

Spanish FinTech company Fence has reportedly raised 1.8 million euros (about $2 million) in its pre-seed financing round. The firm will use the new funding...

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Sezzle Partnerships Bring BNPL to Platforms and Sporting Goods Retailer
Sezzle Partnerships Bring BNPL to Platforms and Sporting Goods Retailer
November 16, 2023  |  BNPL

Sezzle has entered into partnerships to bring its buy now, pay later (BNPL) services to a sporting goods retailer and to hundreds of Software-as-a-Service (SaaS)...

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Bryzos CEO Says Higher-for-Longer Rates Force Focus on Business Payment Processes
Bryzos CEO Says Higher-for-Longer Rates Force Focus on Business Payment Processes
November 16, 2023  |  B2B Payments

As costs remain higher for longer and inflation remains a key consideration as CFOs manage their firms through a series of challenges, Shep Hickey, CEO...

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