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.

Trunk Tools Raises $9 Million for Faster Construction Pay
Trunk Tools Raises $9 Million for Faster Construction Pay
July 13, 2023  |  Investments

Construction-focused FinTech Trunk Tools has raised $9 million to help workers get paid faster. The company’s seed round, announced Thursday (July 13), comes at a time when instant payroll...

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60% of Millennials Are Interested in BNPL Plans From Their Banks
60% of Millennials Are Interested in BNPL Plans From Their Banks
July 13, 2023  |  Buy Now Pay Later

Buy now, pay later (BNPL) plans seem to be everywhere, but the greenfield opportunity remains relatively untapped. In “Banking on Buy Now, Pay Later: Installment...

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PYMNTS Intelligence: Why FinTechs Are Leaning Into AI to Fight Changing Fraud Threats
PYMNTS Intelligence: Why FinTechs Are Leaning Into AI to Fight Changing Fraud Threats
July 13, 2023  |  Fraud Prevention

As financial fraud evolves in the digital age, the picture that emerges is a complex one. On one hand, fraud in 2022 was at its...

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Index Ventures’ Fiorentino Says FinTechs Need ‘Thrive but Survive’ Mindset to Ease Path to Profitability
Index Ventures’ Fiorentino Says FinTechs Need ‘Thrive but Survive’ Mindset to Ease Path to Profitability
July 13, 2023  |  Startups

Following a years-long venture capital (VC) bull market that saw FinTech startups raise billions of dollars in funding, the challenging macroeconomic market has led to...

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Visa’s Koenigsberg: Today’s Middle-Market Firms Give Rise to Tomorrow’s Enterprise Juggernauts
Visa’s Koenigsberg: Today’s Middle-Market Firms Give Rise to Tomorrow’s Enterprise Juggernauts
July 13, 2023  |  Loans

Today’s middle-market companies are tomorrow’s investment-grade companies. But as Alan Koenigsberg, senior vice president and global head of large, middle market, treasury and working capital solutions...

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Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
July 12, 2023  |  Digital Payments

Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka...

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Report: SoftBank Considers US Listing for PayPay Business
Report: SoftBank Considers US Listing for PayPay Business
July 12, 2023  |  IPO

SoftBank may be heading stateside to list its PayPay payments business following news that it is considering a U.S. listing. The potential listing is driven by New York’s...

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Card Networks Become Hubs for FinTech Payments Modernization Efforts
Card Networks Become Hubs for FinTech Payments Modernization Efforts
July 12, 2023  |  Faster Payments

FinTechs and venture capitalists recognize the pain points inherent in payments — and are investing the time and money needed to modernize infrastructure around existing...

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Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
July 11, 2023  |  Fraud Prevention

When it comes to digital risk, the best defense is a good offense. That’s because while firms may be feeling whiplash regarding the hyper-rapid advances...

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