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.

To Boost Merchant Offerings payabl Debuts Omnichannel POS Tool
To Boost Merchant Offerings payabl Debuts Omnichannel POS Tool
June 13, 2023  |  Payment Methods

Payment technology firm payabl. has debuted a point-of-sale solution that lets merchants accept online and offline purchases from one terminal. The tool will first launch...

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GoCardless Cuts Staff by 15% in Push to Profitability
GoCardless Cuts Staff by 15% in Push to Profitability
June 13, 2023  |  Personnel

U.K. FinTech GoCardless is slashing 15% of its workforce as it tries to reach profitability. The company announced the job cuts on its website Tuesday...

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Payment Infrastructure Firm NymCard Acquires MENA-Focused BNPL Firm Spotii
Payment Infrastructure Firm NymCard Acquires MENA-Focused BNPL Firm Spotii
June 12, 2023  |  Acquisitions

Payments infrastructure provider NymCard has acquired buy now, pay later firm Spotii. The purchase, announced Monday (June 12), lets Dubai-based NymCard offer its financial services clients a buy now, pay...

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CE 100 Stock Index Up 0.9% as Vroom and eCommerce’s Temu Parent Firm Gain Ground
CE 100 Stock Index Up 0.9% as Vroom and eCommerce’s Temu Parent Firm Gain Ground
June 12, 2023  |  Connected Economy

The third quarter winds its way into the last few weeks of its final month.   And in the latest weekly showing, the CE 100 Index...

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Business-Friendly Regulations Drive Open Banking Adoption in the Middle East
Business-Friendly Regulations Drive Open Banking Adoption in the Middle East
June 12, 2023  |  Fintech Investments

The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and...

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Goldman Sachs FinTech Head Stephanie Cohen Taking Leave of Absence
Goldman Sachs FinTech Head Stephanie Cohen Taking Leave of Absence
June 09, 2023  |  Personnel

The head of Goldman Sachs Group’s FinTech unit is taking a leave of absence. Stephanie Cohen, global head of the firm’s Platform Solutions unit and a...

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Digital-Only Banks May Already Be Winning the Savings Deposit War
Digital-Only Banks May Already Be Winning the Savings Deposit War
June 08, 2023  |  Digital-First Banking

Digital-only banks may fill the gap between traditional institutions’ low rates and Apple’s reported newcomer wrinkles.  As some of Apple’s first set of savings account...

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BNY Mellon and MoCaFi Partner on Payments to Unbanked People
BNY Mellon and MoCaFi Partner on Payments to Unbanked People
June 08, 2023  |  Financial Inclusion

BNY Mellon and MoCaFi have partnered to ease payments to unbanked and underbanked people. With this collaboration, banking giant BNY Mellon’s Treasury Services business will provide a...

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American Express and Plaid Streamline Onboarding for FinTech Apps
American Express and Plaid Streamline Onboarding for FinTech Apps
June 08, 2023  |  Security & Fraud

American Express and Plaid have partnered to make it easier for customers to use FinTech apps. With their new customer-permissioned data sharing agreement, which is to launch this...

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