Fintechs news and trends

Zoom Picks Klarna for Flexible Premium Payments
Buy Now Pay Later // October 31, 2024

Swedish FinTech Klarna has launched a payments partnership with video communications platform Zoom. The collaboration, announced by the buy now, pay later (BNPL) firm Thursday (Oct. 31), is designed to give consumers greater access to Zoom’s premium services.  “We want Klarna at every checkout, available...

Pipe CEO Says Business Card Product Shifts Small Business Capital From Banks to Software Platforms
Digital Banking // October 28, 2024

Banks used to be the only game in town for small businesses looking to set up an account, get credit and hear advice about managing their cash flow.   Luke Voiles, Chief Executive Officer of embedded solutions FinTech Pipe, told Karen Webster that the point...

Green Dot Launches Brand Focused on Embedded Finance Capabilities
Digital Banking // October 22, 2024

Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of embedded finance capabilities, including banking-as-a-service (BaaS), bringing together Green Dot’s banking and money processing solutions, the financial technology platform and...

Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
Bank Regulation // October 22, 2024

Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a proper response to the collapse of Synapse and the fallout that impacted its FDIC-insured banking...

Interviews & Exclusives
63% of Consumers Under 35 Open to Financial Services From Non-Banks

November 01, 2024
Today’s financial landscape is changing as embedded finance integrates banking services into everyday consumer experiences. This development is driven by brands stepping into roles traditionally held by banks, creating innovative and convenient financial solutions for consumers. A PYMNTS Intelligence Report, “Brands as the New Bankers: The Changing Face of Financial Services,” in collaboration with Galileo, […]

BNPL Trade Group Sues CFPB Over ‘Impossible’ Disclosure Rules

October 21, 2024
The suit filed last week seeking to stop a new rule from the Consumer Financial Protection Bureau (CFPB) governing buy now, pay later (BNPL) loans has a number of what,...

FinTech IPO Index Gains 0.4% as SoFi and MoneyLion Offset Chinese Stock Plunge

October 11, 2024
The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO...

FinTech IPO Index Sinks 6.3% as Asia Soars but BNPL Firms Decline

October 04, 2024
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of...

Quick Reads
Zoom Picks Klarna for Flexible Premium Payments

October 31, 2024
Swedish FinTech Klarna has launched a payments partnership with video communications platform Zoom. The collaboration, announced by the buy now, pay later (BNPL) firm Thursday (Oct. 31), is designed to give consumers greater access to Zoom’s premium services.  “We want Klarna at every checkout, available everywhere, for everything, all the time,” David Sykes, the company’s […]

Green Dot Launches Brand Focused on Embedded Finance Capabilities

October 22, 2024
Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of embedded finance capabilities, including banking-as-a-service...

Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model

October 22, 2024
Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts. The proposed requirements are a...

Evolve to Return Funds to Synapse Brokerage End Users

October 20, 2024
Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by the Synapse bankruptcy. To provide...