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.

Visa Launches Spend Management Partnership With Denmark’s Cardlay
Visa Launches Spend Management Partnership With Denmark’s Cardlay
October 02, 2024  |  Partnerships

Danish FinTech Cardlay is working with Visa to improve spend management for commercial card issuers. The partnership, announced Wednesday (Oct. 2), combines Cardlay’s spend management platform with Visa’s market position, payment...

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FIS Launches Platform for Digital Asset Trading
FIS Launches Platform for Digital Asset Trading
October 02, 2024  |  Investments

FIS unveiled its Digital Trading Storefront, a differentiated cross-asset trading experience. The storefront enables banks, broker-dealers and wealth managers to move their cross-asset trading platforms...

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Chime’s Free Overdraft Feature Extended $30 Billion to Users
Chime’s Free Overdraft Feature Extended $30 Billion to Users
October 01, 2024  |  Digital-First Banking

FinTech firm Chime says it has covered billions in overdrafts for its users. Through SpotMe, the banking app’s free overdraft feature, Chime’s members have received a...

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Account Verification Is the Only Way to Build Trust in Pay-by-Bank World
Account Verification Is the Only Way to Build Trust in Pay-by-Bank World
October 01, 2024  |  Authentication

The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to...

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Amount: Digital Innovations Provide Right Small Business Products at Right Time
Amount: Digital Innovations Provide Right Small Business Products at Right Time
October 01, 2024  |  SMBs

Small businesses have a big problem: access to capital. And this big problem is an equally big opportunity for the lenders that can get it...

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Banks Enter the BNPL Game With Debit-Based Installments
Banks Enter the BNPL Game With Debit-Based Installments
September 30, 2024  |  Buy Now Pay Later

Paying over time, traditionally a hallmark of short-term installment loans, is becoming an option where goods are paid for using money on hand and over...

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VCs Think Rate Cuts Could Help Lending FinTechs
VCs Think Rate Cuts Could Help Lending FinTechs
September 29, 2024  |  Fintech Investments

Are recent rate cuts good news for venture capitalist (VC) firms in the FinTech space? A report Sunday (Sept. 29) by TechCrunch says the answer...

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Bank-FinTech Collaboration Key to Accelerating Open Banking Adoption
Bank-FinTech Collaboration Key to Accelerating Open Banking Adoption
September 27, 2024  |  Partnerships

Demand for seamless, real-time financial information is driving a shift in banking. This shift, driven by technological advancements and global trends including open banking and...

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72% of Finance Leaders Use AI in Their Operations
72% of Finance Leaders Use AI in Their Operations
September 27, 2024  |  artificial intelligence

As artificial intelligence (AI) becomes more integrated into banking, the financial sector stands on the brink of a major shift. The adoption of AI tools...

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