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.

Customer Is Still King and Queen of Banking Innovation
Customer Is Still King and Queen of Banking Innovation
March 15, 2024  |  Banking

In a world where change is constant, digitization has become one of life’s certainties. This advancement is coming to even traditionally staid sectors like financial...

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Report: Brazil Central Bank President Roberto Campos Neto Aims to Form FinTech
Report: Brazil Central Bank President Roberto Campos Neto Aims to Form FinTech
March 14, 2024  |  Digital Banking

Roberto Campos Neto, the president of Brazil’s central bank, is reportedly planning to establish a FinTech firm in Miami following the conclusion of his term in...

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Klarna Adds Open Banking for UK Customers
Klarna Adds Open Banking for UK Customers
March 14, 2024  |  Banking

Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.  “The launch means consumers can now pay Klarna directly from their bank account instead of...

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Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
March 13, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating digital payments firms — especially larger players — critics charged...

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Green Dot to Enable Cash Transactions for 3 More FinTechs
Green Dot to Enable Cash Transactions for 3 More FinTechs
March 12, 2024  |  Cash

FinTech companies Repay, Facebank and Pana have joined the Green Dot Network to enable cash transactions and services for their customers. By becoming partners of the network, the three FinTechs can offer...

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VoPay to Expand Embedded Payments Offering with Cross River Partnership
VoPay to Expand Embedded Payments Offering with Cross River Partnership
March 12, 2024  |  Digital-First Banking

VoPay, a provider of embedded payments technology based in Canada, is expanding its operations in the United States by teaming up with Cross River Bank....

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Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
Banking-as-a-Service 2.0 Helps Senders Monetize Instant Payments Ecosystems
March 12, 2024  |  Digital Banking

The evolution of money movement, and of banking, are intrinsically linked. That’s why, as money became digitized and embedded, so too did banking, via the...

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Omnichannel Banking Innovation Helps Credit Unions Reduce Member Churn
Omnichannel Banking Innovation Helps Credit Unions Reduce Member Churn
March 12, 2024  |  Credit Unions

Credit unions (CUs), known for their community-focused approach and member-centric values, are navigating a changing financial ecosystem. With the rise of FinTech startups offering cutting-edge...

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APIs and Points of Vulnerability Spotlight BaaS Risks as Platforms Evolve 
APIs and Points of Vulnerability Spotlight BaaS Risks as Platforms Evolve 
March 11, 2024  |  Banking

If there’s a surety in financial services, it’s that hackers and bad actors probe ecosystems and platforms for points of vulnerability, looking for weak links...

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