PYMNTS-MonitorEdge-May-2024

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.

FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack
FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack
November 22, 2024  |  Fintech Investments

The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and...

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Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
November 21, 2024  |  Regulation

The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the...

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OCC’s Hsu Supports Chartering Regime for Nonbanks
OCC’s Hsu Supports Chartering Regime for Nonbanks
November 20, 2024  |  Regulation

Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” In a written statement on...

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Revolut CEO: Growing Without Banking License Was ‘Wrong Decision’
Revolut CEO: Growing Without Banking License Was ‘Wrong Decision’
November 20, 2024  |  Bank Regulation

Is U.K. FinTech startup Revolut pursuing a banking license in the U.S? CEO Nik Storonsky reportedly hinted as much when speaking to an audience of...

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Mastercard and Worldpay Launch Virtual Cards for Travel Agents
Mastercard and Worldpay Launch Virtual Cards for Travel Agents
November 20, 2024  |  Travel Payments

Worldpay has teamed with Mastercard to provide virtual cards for travel agents. The new offering is aimed at alleviating what Worldpay says is a persistent problem, per a Wednesday (Nov....

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For Retailers, Data Simplicity Is All About the SKU
For Retailers, Data Simplicity Is All About the SKU
November 20, 2024  |  Data

In a landscape where data fuels decisions and insights drive growth, simplicity has taken center stage. “Data is the key to driving simplicity,” Banyan Chief...

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Data Science Firm Neo4j Reportedly Prepping IPO
Data Science Firm Neo4j Reportedly Prepping IPO
November 19, 2024  |  IPO

Neo4j, a supplier of graph database and data science tools, reportedly plans to go public. As Bloomberg News reported Tuesday (Nov. 19), the company is...

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PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
November 19, 2024  |  Cross-border Payments

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border...

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Solvento Eyes AI-Driven Financial Platform for Mexico’s Trucking Industry
Solvento Eyes AI-Driven Financial Platform for Mexico’s Trucking Industry
November 19, 2024  |  Transportation

If the pandemic taught merchants anything, it’s that supply chains are only as strong as their weakest link — and trucking carriers are among the...

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