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.

Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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Jack Henry Debuts Defense Against Money Laundering
Jack Henry Debuts Defense Against Money Laundering
October 16, 2023  |  AML

FinTech company Jack Henry has introduced a new tool to help banks combat fraud. The firm’s Financial Crimes Defender, announced Monday (Oct. 16), is a cloud-native, real-time fraud...

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NMI Expands Underwriting Capabilities With Acquisition of Sphere’s Commercial Division
NMI Expands Underwriting Capabilities With Acquisition of Sphere’s Commercial Division
October 13, 2023  |  Acquisitions

NMI, a full commerce enablement technology company, has acquired software and payments technology company Sphere’s Commercial Division. This move aims to enhance NMI’s underwriting and risk...

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Fiserv Strengthens Distribution Network in Brazil With Skytef Acquisition
Fiserv Strengthens Distribution Network in Brazil With Skytef Acquisition
October 13, 2023  |  Acquisitions

Global payments and financial technology company Fiserv has acquired Skytef, the primary distributor of Software Express payment solution SiTef. This strategic move aims to strengthen Fiserv’s distribution network in...

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RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

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Fiserv Forges Data-Sharing Partnership With Plaid
Fiserv Forges Data-Sharing Partnership With Plaid
October 12, 2023  |  Partnerships

Payments and financial services technology provider Fiserv and data network Plaid launched a data-sharing partnership. The collaboration lets customers of Fiserv-hosted banks and credit unions...

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Goldman Sachs Sells GreenSky Platform and Loan Assets
Goldman Sachs Sells GreenSky Platform and Loan Assets
October 11, 2023  |  Fintech Investments

Goldman Sachs has announced the sale of its GreenSky platform and associated loan assets to a consortium of institutional investors led by global investment firm Sixth Street....

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Shared Digital Wallet Developer Braid Shuts Down After Four Years
Shared Digital Wallet Developer Braid Shuts Down After Four Years
October 10, 2023  |  Mobile Wallets

A founder of Braid, a consumer payments startup, announced the company’s closure, marking the end of its four-year journey to expand the use of shared...

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Sopra Banking Software Launches AI-Enabled Core Banking System
Sopra Banking Software Launches AI-Enabled Core Banking System
October 10, 2023  |  Banking

Sopra Banking Software (SBS) has launched its artificial intelligence (AI)-enabled core banking system, the SBP Core Platform. The cloud-native platform harnesses the power of cloud technologies...

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