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.

Mbank and Dgpays Partner on Digital Wallet in UAE
Mbank and Dgpays Partner on Digital Wallet in UAE
April 24, 2023  |  Mobile Wallets

Al Maryah Community Bank (Mbank) and Dgpays Group have partnered to offer a digital wallet in the United Arab Emirates. The collaboration brings together the...

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Shopify Adds Melio’s B2B Embedded Finance Offering to Commerce Platform
Shopify Adds Melio’s B2B Embedded Finance Offering to Commerce Platform
April 24, 2023  |  B2B Payments

Shopify has added Melio’s B2B embedded finance offering to its commerce platform. This collaboration has created an integrated accounts payable (AP) solution called Shopify Bill...

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Mastercard Doubles Down on Digital Payments for Immersive Commerce
Mastercard Doubles Down on Digital Payments for Immersive Commerce
April 24, 2023  |  Opinion

PYMNTS asked business leaders for their take on how to plan for the rest of 2023, and what they are telling their teams to focus...

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UK’s Point of Sale Finance Game Ripe for Payments Overhaul
UK’s Point of Sale Finance Game Ripe for Payments Overhaul
April 21, 2023  |  POS Innovation

Consumers and merchants are being let down by the current state of play in the traditional retail finance space — an “untouched” aspect of the...

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Vesey Ventures Launches $78 Million Debut Fund Focused on FinTechs
Vesey Ventures Launches $78 Million Debut Fund Focused on FinTechs
April 20, 2023  |  Investments

Vesey Ventures has launched a $78 million debut fund focused on early-stage FinTech companies. The new venture firm was founded by three former managing directors...

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Instant Wage Payouts Could Aid Employers as Workers Eye Better-Paying Jobs
Instant Wage Payouts Could Aid Employers as Workers Eye Better-Paying Jobs
April 19, 2023  |  Faster Payments

Wage growth is still on the rise despite the recently cooling job market, leading some employers to turn to pay-related “perks” in order to retain...

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Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

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Savings Take Center Stage as Apple Builds Financial Ecosystem 
Savings Take Center Stage as Apple Builds Financial Ecosystem 
April 18, 2023  |  Digital Banking

For Apple, crafting a financial services ecosystem — spanning payments, credit and deposits — needs banks and FinTechs in the mix. And it is savings...

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Open Banking Helps Fast Track AI-Driven Lending, Says Nucleus Finance CEO
Open Banking Helps Fast Track AI-Driven Lending, Says Nucleus Finance CEO
April 18, 2023  |  Artificial Intelligence

When it comes to artificial intelligence (AI)-driven credit decision-making, Chirag Shah, founder and CEO at U.K. FinTech lender Nucleus Commercial Finance, is of the view...

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