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.

Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
Nigeria’s Tingo CEO Fined $250 Million Over ‘Fabricated’ FinTechs
September 02, 2024  |  Legal

A federal court has fined Nigerian businessman Dozy Mmobuosi $250 million following a fraud investigation. The court order — issued last week and the subject...

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Stripe CTO David Singleton to Step Down, Start Own Company
Stripe CTO David Singleton to Step Down, Start Own Company
August 29, 2024  |  Personnel

David Singleton said in a post on LinkedIn that he is stepping down as chief technology officer (CTO) at Stripe after seven years to start his own...

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IKEA Forms Omnichannel Payments Partnership With Adyen
IKEA Forms Omnichannel Payments Partnership With Adyen
August 29, 2024  |  Partnerships

Swedish furniture retailer IKEA launched a partnership with Dutch payments FinTech platform Adyen. The collaboration is designed to help IKEA better connect its in-store and...

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Partnerships Help Firms Capitalize on Positive Trends Amid Uncertainty
Partnerships Help Firms Capitalize on Positive Trends Amid Uncertainty
August 28, 2024  |  Opinion

FinTech partnerships can help financial institutions thrive, Boost Payment Solutions founder and CEO Dean M. Leavitt writes in a new PYMNTS eBook, “Beyond the Horizon:...

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Zip CEO: US Shoppers’ In-Store Card Usage Surges Nearly 150%
Zip CEO: US Shoppers’ In-Store Card Usage Surges Nearly 150%
August 27, 2024  |  Buy Now Pay Later

U.S. retail customers are adopting buy now, pay later (BNPL) options for in-store transactions, according to Zip. On a call with analysts Monday (Aug. 26)...

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Galileo Adds Mastercard Smart Data to Expense Reporting Solutions
Galileo Adds Mastercard Smart Data to Expense Reporting Solutions
August 27, 2024  |  B2B Payments

Galileo Financial Technologies now enables its FinTech clients to connect their business customers to Mastercard’s expense reporting and analytics suite, Mastercard Smart Data. The offering...

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CFPB Launches Beta Platform for Small Business Lending Data Collection
CFPB Launches Beta Platform for Small Business Lending Data Collection
August 26, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) launched a beta platform for the small business lending data collection rule under section 1071 of the Dodd-Frank Act....

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Amount CEO: What It Means to Be a FinTech Circa 2024
Amount CEO: What It Means to Be a FinTech Circa 2024
August 26, 2024  |  Opinion

FinTechs must stay vigilant, dynamic and innovative to best serve financial institutions, Amount CEO Adam Hughes writes in a new PYMNTS eBook, “Beyond the Horizon:...

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Galileo: Banks Need to Predict Customer Experience to Combat Fraud
Galileo: Banks Need to Predict Customer Experience to Combat Fraud
August 26, 2024  |  Security & Fraud

Forget everything you knew about fraud and fraudsters. Financial institutions must grapple with the dual challenge of countering increasingly sophisticated fraud attacks as fraudsters harness...

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