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.

MoneyLion’s Customer Growth Surges 54% on Ecosystem Upgrades
MoneyLion’s Customer Growth Surges 54% on Ecosystem Upgrades
November 07, 2024  |  Earnings

MoneyLion’s third-quarter results showed double-digit growth in customers and revenues as individuals gravitated to what the FinTech’s management termed the company’s “digital ecosystem” for personal...

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Ant International and OCBC Partner on Tokenized Cross-Border Payments
Ant International and OCBC Partner on Tokenized Cross-Border Payments
November 06, 2024  |  Cross-border Payments

FinTech Ant International and Singapore bank OCBC are collaborating to enhance cross-border fund settlements. The goal of the partnership is to explore innovations in tokenized...

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FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
November 06, 2024  |  Regulation

If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs —...

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Visa Invests in Four African FinTech Startups From Accelerator Program
Visa Invests in Four African FinTech Startups From Accelerator Program
November 06, 2024  |  VISA

Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s...

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Matera CEO Thinks US Banks Should Take a Page From Brazil’s Success With Pix and QR Code Payments
Matera CEO Thinks US Banks Should Take a Page From Brazil’s Success With Pix and...
November 06, 2024  |  Payments Innovation

Digital transformation for banks and credit unions in the U.S. is ripe with opportunities, some of which can strengthen customer relationships in ways that only...

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Earnings Spotlight FinTech Platforms’ Progress in Speeding Banking’s Digital Shift
Earnings Spotlight FinTech Platforms’ Progress in Speeding Banking’s Digital Shift
November 05, 2024  |  Digital Banking

Digital transformation holds promise for banks, but it could also give them pause. The traditional route, upgrading legacy systems and on-premise technology — going it...

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IBC Integrates Finata Commercial Lending Offering to Bolster Digital Banking
IBC Integrates Finata Commercial Lending Offering to Bolster Digital Banking
November 05, 2024  |  Partnerships

IBC Bank has launched a partnership with commercial lending FinTech Finanta. “By integrating Finanta’s advanced commercial lending platform, IBC Bank will accelerate its digital transformation in commercial...

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VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
VyStar’s ‘Dysfunctional’ System Switch Reveals Risks, Lessons in FinTech Partnerships
November 05, 2024  |  Banking

Successful collaborations between traditional financial institutions (FIs) and FinTechs rest on one shared goal: offering end-users the best of both worlds. FinTechs bring speed and...

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Giving Credit Unions Credit: Bright Future for ‘Little Guys’ of Banking
Giving Credit Unions Credit: Bright Future for ‘Little Guys’ of Banking
November 05, 2024  |  Credit Unions

Bigger doesn’t always mean better across financial services — especially when it comes to innovation. And as financial technology reshapes the payments industry, even smaller,...

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