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.

SavvyMoney and Constellation Partner on Credit Union Financial Management Tools
SavvyMoney and Constellation Partner on Credit Union Financial Management Tools
August 06, 2024  |  Credit Unions

SavvyMoney and Constellation Digital Partners teamed up to deliver credit decisioning, analytics and financial wellness solutions to credit unions. Via collaboration, SavvyMoney’s personalized financial management...

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Dave’s ExtraCash Advance Program Grows by 37% Amid Continued Consumer Caution
Dave’s ExtraCash Advance Program Grows by 37% Amid Continued Consumer Caution
August 06, 2024  |  Earnings

Digital banking platform Dave said customers are increasingly turning to its ExtraCash offering. Originations for the cash advance program reached $1.2 billion for the company’s...

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OwlTing Integrates Digital Wallet With Stellar Blockchain
OwlTing Integrates Digital Wallet With Stellar Blockchain
August 02, 2024  |  Mobile Wallets

OwlTing Group integrated its digital wallet, OwlPay Wallet Pro, with the Stellar blockchain to support the USDC stablecoin on Stellar. The integration will expand the...

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Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
Mastercard Teams With UK Neobank Ampere on Card-to-Card Payments
August 01, 2024  |  Partnerships

Mastercard and U.K. neobank Ampere teamed up to enhance the latter’s services for small businesses. The collaboration expands Ampere’s services and transfers offering, allowing its...

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Three Hidden Assets That Define Modern Business Payments
Three Hidden Assets That Define Modern Business Payments
August 01, 2024  |  B2B Payments

B2B payments have traditionally been defined by legacy versus electronic mechanisms. But in today’s nuanced and dynamic landscape, the ongoing evolution of B2B payments is...

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J.P. Morgan: Collaboration Helps Startups Scale the Innovation Economy
J.P. Morgan: Collaboration Helps Startups Scale the Innovation Economy
August 01, 2024  |  Payments Innovation

For smaller firms and startups seeking capital — the lifeblood of growth — the last few months of 2024 are holding some promise after a...

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Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
Citi Services Head of Payments Says Instant Is In as Global Dynamics Shift
July 31, 2024  |  Payments Innovation

Change in payments, as in life, happens slowly and then all at once. And as we navigate through 2024, the payments industry is undergoing transformative...

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Synapse Financial Credit Division Loses Lending License
Synapse Financial Credit Division Loses Lending License
July 30, 2024  |  Regulation

Warren Buffett once remarked that it’s when the tide goes out that you find out who’s been swimming naked. The continuing regulatory examinations of various...

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PayPal Boosts Revenue Forecasts With New Small Business Features and Apple Pay Integration
PayPal Boosts Revenue Forecasts With New Small Business Features and Apple Pay Integration
July 30, 2024  |  Earnings

If the global consumer is showing signs of cutting spending, PayPal didn’t get that email. The digital payments and peer-to-peer platform on Tuesday (July 30)...

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