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.

Marqeta Expands Into Brazil With Fitbank Partnership
Marqeta Expands Into Brazil With Fitbank Partnership
July 11, 2023  |  Partnerships

Card issuer Marqeta is entering Latin America’s largest FinTech market with its expansion into Brazil. That expansion is happening via a partnership with Latin American banking-as-a-service (BaaS) platform Fitbank and...

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FinTech Partnerships Surge as Insurance Firms Adopt Real-Time Disbursements
FinTech Partnerships Surge as Insurance Firms Adopt Real-Time Disbursements
July 11, 2023  |  Real-Time Payments

Insurance firms are increasingly embracing real-time payments for business-to-business (B2B) transactions, viewing them as essential to success. More than two-thirds plan to increase the use...

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PingPong Taps Amex Vet David Messenger as International Business CEO
PingPong Taps Amex Vet David Messenger as International Business CEO
July 10, 2023  |  Personnel

Cross-border payments company PingPong has named David Messenger to the new position of global CEO. Messenger, a veteran of companies like American Express and LianLian, will be...

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Convera Concludes Western Union Business Solutions Deal
Convera Concludes Western Union Business Solutions Deal
July 10, 2023  |  Acquisitions

B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS). WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910...

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B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
July 10, 2023  |  B2B Payments

As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be...

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Report: Revolut US Payments Flaw Leads to $20 Million Theft
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023  |  Security & Fraud

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over...

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SumUp Selects Form3 for Access to UK Faster Payments Scheme
SumUp Selects Form3 for Access to UK Faster Payments Scheme
July 07, 2023  |  Faster Payments

SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35...

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Report: GTCR’s Worldpay Acquisition Is Largest Buyout Financing Since Twitter
Report: GTCR’s Worldpay Acquisition Is Largest Buyout Financing Since Twitter
July 07, 2023  |  Acquisitions

GTCR’s acquisition of Worldpay is reportedly set to be the largest buyout financing since last year’s Twitter deal. Banks are preparing $9.4 billion of debt, including loans...

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Clair Secures $175 Million Investment for on-Demand Pay Solution
Clair Secures $175 Million Investment for on-Demand Pay Solution
July 06, 2023  |  Investments

New York City-based FinTech Clair has raised $175 million in funding. The financing was led by Thrive Capital and included participation from Upfront Ventures and Kairos, Clair said in a Thursday (July 6)...

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