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.

i2c and TBOM Partner to Help FinTechs Create Digital Banking Products
i2c and TBOM Partner to Help FinTechs Create Digital Banking Products
January 25, 2024  |  Digital Banking

i2c and The Bank of Missouri (TBOM) have partnered to help FinTechs accelerate their launch of digital banking products. With this five-year partnership, TBOM, a community bank with...

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Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024  |  Security & Fraud

The fraudsters grow ever-wilier, the attacks more brazen. And effective. A blog post this week from the Atlanta Federal Reserve noted that “at least” 60 credit...

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Brex Cuts 20% of Workforce and Reduces Layers of Management
Brex Cuts 20% of Workforce and Reduces Layers of Management
January 23, 2024  |  Spend Management

Spending management company Brex has laid off 282 people — about 20% of the workforce — as part of a restructuring. “Today we’re restructuring Brex to...

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Klarna CEO Teases US IPO
Klarna CEO Teases US IPO
January 23, 2024  |  IPO

Klarna CEO Sebastian Siemiatkowski said the Swedish FinTech company is considering an initial public offering (IPO) in the United States.  It is “very likely” that Klarna will launch...

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Adobe Taps Nuvei to Expand eCommerce Payment Options
Adobe Taps Nuvei to Expand eCommerce Payment Options
January 23, 2024  |  Partnerships

Canadian FinTech company Nuvei has formed a new global partnership with Adobe to enhance eCommerce payments. Through its integration with Adobe Commerce, Nuvei’s full payment...

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Banks Tap AI to Navigate Regulatory Maze of Managing Vendor Contracts
Banks Tap AI to Navigate Regulatory Maze of Managing Vendor Contracts
January 23, 2024  |  artificial intelligence

Michael Berman, CEO of Ncontracts, told PYMNTS that financial institutions (FIs) are grappling with the increasing burdens of vendor lifecycle management.  There can be what...

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P2P Payments Surge as Firms Pursue ‘Everything App’ Vision
P2P Payments Surge as Firms Pursue ‘Everything App’ Vision
January 22, 2024  |  Mobile Wallets

Peer-to-peer (P2P) payments are booming, with transaction volumes rising by 25%. This surge is caused by a growing number of businesses racing into the P2P...

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Prometeo Co-CEO on What It Takes to Create Latin America’s Connected Financial Ecosystem
Prometeo Co-CEO on What It Takes to Create Latin America’s Connected Financial Ecosystem
January 22, 2024  |  Latin America

Open banking promises to forge new financial ecosystems as data is shared among banks, corporates and consumers. Easier said than done. Banks must be on...

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Paytm Narrows Losses, Reduces Expenses With AI
Paytm Narrows Losses, Reduces Expenses With AI
January 19, 2024  |  Earnings

Indian FinTech company Paytm beat analysts’ estimates and reported narrower losses in the latest quarter. The company’s net loss for the three months through December...

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