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.

Credit Unions vs Big Tech: Winner Gets the Customer
Credit Unions vs Big Tech: Winner Gets the Customer
August 13, 2024  |  Banking

For banks — and especially for credit unions — the battle with Big Tech for the hearts, minds and wallet share of consumers may seem...

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Visa Aims for Diversity With Call for New Fintech Accelerator Applications
Visa Aims for Diversity With Call for New Fintech Accelerator Applications
August 12, 2024  |  Startups

Visa and innovation platform Plug and Play are accepting applications for the second cohort of the Visa Inclusive Fintech Accelerator, which aims to accelerate the...

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MercadoLibre Drives Argentina’s Surge in Digital Tipping
MercadoLibre Drives Argentina’s Surge in Digital Tipping
August 11, 2024  |  Digital Payments

Cash has long been king at Argentina’s bars and restaurants. Its reign may be ending. As Bloomberg News reported Saturday (Aug. 10), card tipping had...

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FinTech IPO Index Loses 0.4% Despite Big Gains by Upstart and Sezzle
FinTech IPO Index Loses 0.4% Despite Big Gains by Upstart and Sezzle
August 09, 2024  |  Fintech Investments

The wild Wall Street ride continues as earnings have moved the FinTech IPO Index hither and yon, though the past week wound up being mostly...

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Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
August 08, 2024  |  Digital Banking

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum...

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Settle Says Future of CPG Payables Is Industry Specific and Cash Flow Optimized
Settle Says Future of CPG Payables Is Industry Specific and Cash Flow Optimized
August 08, 2024  |  Accounts Payable

Think of the consumer packaged goods industry, and you think of the monoliths. Procter & Gamble, for example, has been around since 1837 and has...

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Payoneer Pays $61 Million for HR/Payroll Platform Skuad
Payoneer Pays $61 Million for HR/Payroll Platform Skuad
August 07, 2024  |  Acquisitions

Small-business-focused FinTech Payoneer has acquired Singapore-based payroll/HR platform Skuad for $61 million. The deal is designed to bolster Payoneer’s efforts to serve as a “business-grade financial stack” for small...

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Galileo Says Wire Transfers Go Big and Go Digital With New APIs
Galileo Says Wire Transfers Go Big and Go Digital With New APIs
August 07, 2024  |  Faster Payments

If you were looking for another reason to appreciate core banking infrastructure, here it is. The buzz within the payments arena may be about instant...

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Revolut Business Expands ‘Financial Super App for Businesses’ to Singapore
Revolut Business Expands ‘Financial Super App for Businesses’ to Singapore
August 06, 2024  |  B2B Payments

Revolut Business expanded the availability of its “borderless financial super app for businesses” to Singapore and is looking to add other markets. “We’re here to...

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