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.

84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use
84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use
September 17, 2024  |  Banking

As open banking begins to reshape the financial landscape, the promise of enhanced consumer experiences and innovative services looms large. But a PYMNTS Intelligence report,...

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Consolidation Trend Puts Bank-FinTech Partnerships in New Light
Consolidation Trend Puts Bank-FinTech Partnerships in New Light
September 16, 2024  |  Partnerships

Good things tend to consolidate as the cream rises to the top. The FinTech sector has seen meteoric growth over the past decade, disrupting traditional...

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FinTech IPO Index Breaks Even Despite Volatile Trading Week
FinTech IPO Index Breaks Even Despite Volatile Trading Week
September 13, 2024  |  IPO

Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action...

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85% Of Gen Z Prefers Digital Payments to Cash
85% Of Gen Z Prefers Digital Payments to Cash
September 13, 2024  |  Digital Payments

The financial sector is at a pivotal moment, driven by a shift in consumer preferences and technological advancements. A PYMNTS Intelligence report “Tapping Into the...

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Taking Control of Costs: New Tech Makes Business Spend Management Easier
Taking Control of Costs: New Tech Makes Business Spend Management Easier
September 12, 2024  |  B2B Payments

For corporates, the goal, especially in the current inflationary environment, is to squeeze margins higher. There are two levers to pull, ideally working simultaneously: increasing...

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Neobank Bunq Aims to Expand Headcount by 72%
Neobank Bunq Aims to Expand Headcount by 72%
September 12, 2024  |  Digital Banking

Dutch neobank Bunq is reportedly launching a hiring spree as it aims to expand. The company’s chief executive told CNBC in a report posted Thursday (Sept. 13)...

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Ingo Payments’ Edwards: Bank on Changing BaaS Regulations
Ingo Payments’ Edwards: Bank on Changing BaaS Regulations
September 12, 2024  |  Opinion

How BaaS firms navigate elevated regulatory scrutiny will determine whether it becomes a headwind or a tailwind, Ingo Payments CEO Drew Edwards writes in a...

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KeyBank Invests In AI-Based Zentist Software For Dental Support Organizations
KeyBank Invests In AI-Based Zentist Software For Dental Support Organizations
September 11, 2024  |  Partnerships

Cleveland-based KeyCorp, the parent company of KeyBank, has announced a strategic relationship and minority investment with Zentist, a provider of cloud-based insurance revenue cycle management...

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Revolut Sees Jump in Scam Complaints as APP Fraud Grows
Revolut Sees Jump in Scam Complaints as APP Fraud Grows
September 11, 2024  |  Security & Fraud

Revolut enjoys the distinction of being the most valuable FinTech in Europe. But as a report Wednesday (Sept. 11) by Bloomberg News points out, the company has...

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