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.

Experts Say Composable Banking Builds Better Digital Customer Experiences
Experts Say Composable Banking Builds Better Digital Customer Experiences
June 12, 2024  |  Digital Banking

Digital banking architecture is having a moment. Financial technology companies and consumer-facing neobanks are using it to create new features, applications and customer experiences. Regulators...

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Pipe Aims $100 Million at Embedding Working Capital Solutions Into Business Software
Pipe Aims $100 Million at Embedding Working Capital Solutions Into Business Software
June 11, 2024  |  SMBs

The most valuable solution is the one that is there when you need it. And for America’s millions of small and medium-sized businesses (SMBs), they...

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Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
June 07, 2024  |  Legal

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7)....

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5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
5 Ideas to Transform Cross-Border Commerce With Blockchain Solutions
June 07, 2024  |  Blockchain

Cross-border payments innovations are turning global growth frictions into modern fictions. Or, at least, they are working on it. Ripple and Clear Junction announced Wednesday...

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Digital Wallet Provider Curve Appoints CEO to Drive US Growth
Digital Wallet Provider Curve Appoints CEO to Drive US Growth
June 07, 2024  |  Personnel

Digital wallet provider Curve has appointed Nancy Yaffa as its USA CEO and Reeta K. Holmes as its new board member. These appointments come at...

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FinTech IPO Index Ticks Down as Earnings Season Wraps Up
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
June 07, 2024  |  Fintech Investments

The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle...

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Torpago Raises $10 Million to Support White-Label Expense Management Platform
Torpago Raises $10 Million to Support White-Label Expense Management Platform
June 06, 2024  |  Spend Management

Torpago has raised $10 million in a Series B funding round to support its white-label commercial credit card and expense management platform designed for banks....

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Slip Raises $3.2 Million to Grow Receipt Data Startup
Slip Raises $3.2 Million to Grow Receipt Data Startup
June 06, 2024  |  Retail

British receipt data startup Slip has raised $3.2 million in seed funding.  “Having launched the product last year and seeing great results so far, this...

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5 Things to Watch as Open Banking Gains Ground in the US
5 Things to Watch as Open Banking Gains Ground in the US
June 06, 2024  |  Regulation

Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed. But, with lessons learned from...

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