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.

Improving Public Procurement, With Transparency And (Fin)Tech
Improving Public Procurement, With Transparency And (Fin)Tech
December 12, 2016  |  B2B Payments

Public sector procurement loses huge amounts of money to corruption. FinTech and better transparency in managing vendor relationships can help stanch the bleeding, explains Citi’s head...

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Scotland Sheds Industrial Rep For FinTech Focus
Scotland Sheds Industrial Rep For FinTech Focus
December 09, 2016  |  International

Scotland’s economy has excelled in industrial industries such as shipbuilding, steel and petroleum, but the country is turning its attention to developing a rising digital...

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Visa And Nest To Roll Out FinTech Bootcamp In Africa
Visa And Nest To Roll Out FinTech Bootcamp In Africa
December 09, 2016  |  International

Visa is moving to support startups in Africa, reportedly partnering with Nest, the Hong Kong venture capital firm and incubator. According to a report, Visa and Nest...

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ACI Aggregator Services Expediate Fast Payments
ACI Aggregator Services Expediate Fast Payments
December 08, 2016  |  Faster Payments

The Faster Payments scheme in the U.K. has changed the way payment service providers are approaching the immediate availability of funds. While the New Access...

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OCC Wants To Give FinTechs A National Charter
OCC Wants To Give FinTechs A National Charter
December 05, 2016  |  Banking

FinTech companies are getting support from the Office of the Comptroller of the Currency, the main banking regulator, which wants to give FinTechs a charter....

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FinTechs Focus On Myanmar’s Unbanked Citizens
FinTechs Focus On Myanmar’s Unbanked Citizens
December 01, 2016  |  Financial Inclusion

After decades of oppression, the economy of Myanmar opened to foreign investment, and many companies are jumping at the chance to help establish tech advancement...

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Can The Cradle Of Civilization Carry The FinTech Torch?
Can The Cradle Of Civilization Carry The FinTech Torch?
December 01, 2016  |  International

With a location right on the crossroads of North, South, East and West, Athens, Greece is known as the “cradle of civilization,” but the location...

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BoA CEO Says Payments Tech Payoff A Ways Away
BoA CEO Says Payments Tech Payoff A Ways Away
December 01, 2016  |  News

For banks, the payoff for payments may be a long time coming. Reuters reported that, as noted by Bank of America CEO Brian Moynihan, it...

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Citi Ventures Scores New Leader
Citi Ventures Scores New Leader
December 01, 2016  |  Investments

In management news tied to Citigroup’s Citi Ventures, which invests in FinTech, Vanessa Colella has been promoted to lead the Citi unit. Reuters reported that...

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