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 Reportedly Explores Sale of Ticketing Unit to Zomato
Paytm Reportedly Explores Sale of Ticketing Unit to Zomato
June 16, 2024  |  Acquisitions

India’s Paytm is reportedly in discussions to sell its movie/event ticketing business to Zomato. Talks between the FinTech and the food delivery firm are in...

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FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple Pay Tie-up
FinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple Pay Tie-up
June 14, 2024  |  Fintech Investments

Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%....

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UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
June 13, 2024  |  Legal

A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis,...

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Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
Oscilar Launches AI-Powered ACH Fraud Detection for FinTechs, Financial Institutions
June 13, 2024  |  Fraud Prevention

Oscilar has added an artificial intelligence (AI)-powered ACH Fraud Detection product to its lineup of risk technology solutions for FinTechs and financial institutions. The new...

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FinTechs Flounder as Investors Embrace ‘AI Mindset’
FinTechs Flounder as Investors Embrace ‘AI Mindset’
June 13, 2024  |  Fintech Investments

Has the FinTech industry hit bottom after years of skyrocketing investments? That seemed to be the sentiment among some executives and investors at the Money20/20...

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Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024  |  Legal

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. It’s likely that there will...

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What Apple and OpenAI’s Partnership Reveals About Strategic Innovation
What Apple and OpenAI’s Partnership Reveals About Strategic Innovation
June 12, 2024  |  Partnerships

Staying ahead of the innovation curve means meeting end-user expectations where they will be, not where they are currently (even though achieving that can frequently...

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UK Neobank Starling Profits Soar 55% for Third Year in the Black
UK Neobank Starling Profits Soar 55% for Third Year in the Black
June 12, 2024  |  Digital Banking

Starling has just finished its third profitable year amid plans to expand its software operations. The British neobank on Wednesday (June 12) released its annual report, showing...

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Checkout Names Revenue Operations Head as New COO
Checkout Names Revenue Operations Head as New COO
June 12, 2024  |  Personnel

British payments company Checkout.com has a new chief operating officer. Jenny Hadlow, who had been heading the company’s revenue operations team, will be promoted to...

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