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.

Paytm Reports Seeing ‘Green Shoots’ in Business After Regulatory Troubles
Paytm Reports Seeing ‘Green Shoots’ in Business After Regulatory Troubles
July 19, 2024  |  Earnings

Paytm reported Friday (July 19) that its operating revenue slipped again in the quarter ended in June as it continued to deal with regulatory troubles....

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It’s the Network, Not the Rail: Ingo Payments’ Edwards Reflects on FedNow’s First Year
It’s the Network, Not the Rail: Ingo Payments’ Edwards Reflects on FedNow’s First Year
July 19, 2024  |  Real-Time Payments

Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year...

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FinTech IPO Index Up 3.8% as Lemonade Surges on UK Expansion
FinTech IPO Index Up 3.8% as Lemonade Surges on UK Expansion
July 19, 2024  |  Fintech Investments

Earnings season has yet to start making headlines and moving stocks in the FinTech IPO Index, but the overall group was up 3.8% through the...

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Small Business-Focused FinTech Wamo Raises $5 Million
Small Business-Focused FinTech Wamo Raises $5 Million
July 18, 2024  |  Investments

London-based FinTech wamo has raised $5 million to develop small to medium-sized business (SMB)-focused banking solutions. In addition to the growth investment, CEO and founder Yanki Onen said on...

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Brightfin Debuts Gen Z-Focused Financial Wellness App
Brightfin Debuts Gen Z-Focused Financial Wellness App
July 18, 2024  |  Personal Finance

Brightfin has debuted its financial wellness app, aimed at helping younger consumers. “Younger generations think about money differently. Gen Z and Millennials don’t necessarily have the...

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Embedded Finance Emerges as Retail Conversion Solution
Embedded Finance Emerges as Retail Conversion Solution
July 16, 2024  |  API

Embedded finance, as a concept, has been around for a while, but not in the technologically savvy, user-friendly form it takes in today’s iteration. Embedded...

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OCN Raises $86 Million to Expand Gig Worker Platform
OCN Raises $86 Million to Expand Gig Worker Platform
July 15, 2024  |  Investments

OCN, a gig worker-focused FinTech formerly called OneCarNow, raised $86 million in equity and debt in a Series A funding round. The firm, based in...

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Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal
Report: Stripe Valued at $70 Billion Amid Possible Sequoia Deal
July 15, 2024  |  Business

The valuation of payments processing platform Stripe reportedly reached $70 billion. Sequoia Capital is offering to buy shares from investors that want to cash out,...

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Skipify’s Shrauger on Moving Past Wallets to Digital Identity as Payment Credentials
Skipify’s Shrauger on Moving Past Wallets to Digital Identity as Payment Credentials
July 15, 2024  |  Payments Innovation

Consumers want what they want, how they want it. Consequently, when it comes to payments and commerce, businesses that can adapt to their needs and...

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