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.

Nuvei Unveils Omnichannel Payments Tool for Merchants and Platforms
Nuvei Unveils Omnichannel Payments Tool for Merchants and Platforms
February 07, 2024  |  Payment Methods

Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for...

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Ant Group Profit Drops 92% Amid Economic Downturn, Regulatory Scrutiny
Ant Group Profit Drops 92% Amid Economic Downturn, Regulatory Scrutiny
February 07, 2024  |  Earnings

Ant Group reportedly saw a 92% decline in its quarterly profit. The FinTech company continues to face challenges in reviving its business amid an economic...

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Liberis Adds Alloy’s Identity Risk Solutions to Embedded Finance Platform
Liberis Adds Alloy’s Identity Risk Solutions to Embedded Finance Platform
February 06, 2024  |  Partnerships

Liberis, a global embedded finance platform, has joined forces with Alloy, an identity risk management company, to accelerate its international expansion and enhance the merchant...

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Finally Raises $10 Million to Expand Small Business Automation Solutions
Finally Raises $10 Million to Expand Small Business Automation Solutions
February 06, 2024  |  Investments

FinTech startup Finally has raised $10 million in new funding to fuel its growth and expand its suite of solutions for small- to medium-sized businesses...

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Closing the Books on the Global Challenge of X-Border Accounting
Closing the Books on the Global Challenge of X-Border Accounting
February 06, 2024  |  Cross Border Commerce

One of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s a silent but often deadly snarl that can tangle...

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Affirm, Afterpay Cut Rewards Programs as BNPL Firms Try New Loyalty Models
Affirm, Afterpay Cut Rewards Programs as BNPL Firms Try New Loyalty Models
February 06, 2024  |  Buy Now Pay Later

As buy now, pay later (BNPL) companies tinker with different methods to drive long-term engagement, Affirm and Afterpay are rethinking their loyalty strategies. On Monday...

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Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
February 06, 2024  |  Digital Banking

Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT)...

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UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
February 05, 2024  |  Banking

Open banking is set to change the world. But viewed through the lens of what’s happened so far, and through the lens of the United...

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AtoB CEO: Push-to-Card Payouts Become Banking Platform for Independent Truckers
AtoB CEO: Push-to-Card Payouts Become Banking Platform for Independent Truckers
February 05, 2024  |  Faster Payments

AtoB CEO Vignan Velivela told Karen Webster that slow payments represent a “silent tax” on fleet management in general, and on the truckers behind the...

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