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.

Treasury Prime’s Bank-Direct Approach Points to Regulators’ Chilling Effect on FinTech
Treasury Prime’s Bank-Direct Approach Points to Regulators’ Chilling Effect on FinTech
March 03, 2024  |  Partnerships

The digitization of financial services — and the rise of open banking — has given rise to a shifting landscape of partnerships. And the pursuit...

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TrueNorth and Brim Partner to Deliver Credit-Card-as-a-Service Platform
TrueNorth and Brim Partner to Deliver Credit-Card-as-a-Service Platform
March 01, 2024  |  Partnerships

TrueNorth and Brim Financial partnered to offer a credit card-as-a-service platform to banks, FinTechs and major brands in the United States and Canada. The offering includes consumer, small-...

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Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
Mercado Libre Appoints Andre Chaves to Head Brazilian FinTech Business
March 01, 2024  |  Personnel

Mercado Libre, an eCommerce and payments platform in Latin America, appointed Andre Chaves as the new head of its FinTech business in Brazil. “Very humbled and excited...

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Mastercard and Loop Partner on Credit Cards, Payments in Saudi Arabia
Mastercard and Loop Partner on Credit Cards, Payments in Saudi Arabia
March 01, 2024  |  Partnerships

Mastercard partnered with Loop, a digital payments technology company licensed by the Saudi Central Bank, to launch credit card and payment solutions in Saudi Arabia. Loop will use...

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Mastercard and MTN Group Partner on Mobile Payments in Africa
Mastercard and MTN Group Partner on Mobile Payments in Africa
March 01, 2024  |  Mobile Payments

Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will...

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Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security
Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security
March 01, 2024  |  Gig Economy

The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence...

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Paytm Ends Some Inter-Company Agreements With Paytm Payments Bank
Paytm Ends Some Inter-Company Agreements With Paytm Payments Bank
March 01, 2024  |  Regulation

Indian digital payments provider Paytm has announced that it will be cutting back on its business ties with its banking affiliate, Paytm Payments Bank. The...

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Treasury Prime Cuts Staff Amid Shift to ‘Bank-Direct’ Offering
Treasury Prime Cuts Staff Amid Shift to ‘Bank-Direct’ Offering
February 29, 2024  |  Banking

Embedded banking firm Treasury Prime is cutting staff amid a new shift in strategy. “For years, we’ve been saying that the future of banking is embedded, with regulated...

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Thredd’s McCarthy: Capital One-Discover Deal Will Transcend Market Share Grab
Thredd’s McCarthy: Capital One-Discover Deal Will Transcend Market Share Grab
February 29, 2024  |  Acquisitions

The news that Capital One has launched a $35 billion bid to acquire Discover Financial has shaken up the financial services industry. Jim McCarthy, CEO...

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