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.

An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
June 05, 2023  |  Banking

Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into...

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AI’s Most Promising Banking Applications Will Need a Human in the Loop
AI’s Most Promising Banking Applications Will Need a Human in the Loop
June 05, 2023  |  artificial intelligence

Artificial intelligence (AI) may not be as mysterious as people think — but it is as pervasive. What generative AI capabilities have done, i2c CEO and chairman Amir...

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US Open Banking Regulations Will Force More Bank-FinTech Collaboration
US Open Banking Regulations Will Force More Bank-FinTech Collaboration
June 02, 2023  |  Banking

A changing financial industry is transforming the relationship between traditional banks and FinTechs. In the past, banks largely regarded FinTechs as formidable competitors, if not...

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US FinTech Aliaswire sells SMB Credit Card Firm Payvus to Onboard Partners
US FinTech Aliaswire sells SMB Credit Card Firm Payvus to Onboard Partners
June 01, 2023  |  Acquisitions

Boston-based FinTech  Aliaswire has sold its Payvus small business credit card issuing and capital management business to Onboard Partners. The acquisition announced Thursday (June 1) expands Onboard’s financial...

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Momnt and Roofle Team to Finance Roofing Projects
Momnt and Roofle Team to Finance Roofing Projects
June 01, 2023  |  Partnerships

Embedded lending software firm Momnt has launched a financing partnership with online roofing company Roofle. The collaboration centers around Contractor Loan PRO, a financing solution for roofing contractors, the...

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CFPB Advises Consumers to Move From Payment Apps to Insured Accounts
CFPB Advises Consumers to Move From Payment Apps to Insured Accounts
June 01, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has advised consumers to transfer money stored on payment apps to insured banks and credit unions. “Your money is at greater...

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Report: Some Apple Savings Account Customers Experience Slow Transfers
Report: Some Apple Savings Account Customers Experience Slow Transfers
June 01, 2023  |  Apple

Some customers of Apple’s savings account have reportedly found it difficult to move their money out. In one case, a customer who deposited $100,000 found it...

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Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023  |  Consumer Finance

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). With this on-demand PTO cash advance solution...

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Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
Overdraft Fees Plummet as Banks, FinTechs Find Value in Monetizing ‘Alerts’
May 31, 2023  |  Banking

Overdraft fees have been a hot button issue in financial services.  But they’re less of a revenue source for banks — significantly less — than...

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