FinTechs

FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
November 18, 2024  |  Regulation

The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Previously scheduled to...

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Nuvei Becomes a Private Company, Keeping Current Owners
Nuvei Becomes a Private Company, Keeping Current Owners
November 15, 2024  |  Business

Canadian FinTech Nuvei has completed its previously announced go-private transaction. As a result of the completion of the arrangement, the company expects that the subordinate voting...

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Sezzle and Expensify Jump After Earnings to Spur 4.3% FinTech IPO Index Rally
Sezzle and Expensify Jump After Earnings to Spur 4.3% FinTech IPO Index Rally
November 15, 2024  |  Fintech Investments

Stocks took a breather on Thursday (Nov. 14), but the general trend of the FinTech IPO Index was up and to the right. This week,...

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BILL Leads SMB Focus, Sends FinTech IPO Index Up 8.67% for Week
BILL Leads SMB Focus, Sends FinTech IPO Index Up 8.67% for Week
November 07, 2024  |  Connected Economy

It was a good week on Wall Street for FinTechs despite one high-profile stock price drop from a member of the PYMNTS FinTech IPO 100:...

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63% of Consumers Under 35 Open to Financial Services From Non-Banks
63% of Consumers Under 35 Open to Financial Services From Non-Banks
November 01, 2024  |  Digital Banking

Today’s financial landscape is changing as embedded finance integrates banking services into everyday consumer experiences. This development is driven by brands stepping into roles traditionally...

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Zoom Picks Klarna for Flexible Premium Payments
Zoom Picks Klarna for Flexible Premium Payments
October 31, 2024  |  Buy Now Pay Later

Swedish FinTech Klarna has launched a payments partnership with video communications platform Zoom. The collaboration, announced by the buy now, pay later (BNPL) firm Thursday...

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Pipe CEO Says Business Card Product Shifts Small Business Capital From Banks to Software Platforms
Pipe CEO Says Business Card Product Shifts Small Business Capital From Banks to Software Platforms
October 28, 2024  |  Digital Banking

Banks used to be the only game in town for small businesses looking to set up an account, get credit and hear advice about managing...

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Green Dot Launches Brand Focused on Embedded Finance Capabilities
Green Dot Launches Brand Focused on Embedded Finance Capabilities
October 22, 2024  |  Digital Banking

Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of...

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Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
Cross River CEO: FDIC Proposed Rule Would Protect Bank-FinTech Model
October 22, 2024  |  Bank Regulation

Cross River Founder and CEO Gilles Gade has spoken out in favor of the Federal Deposit Insurance Corp.’s (FDIC) proposed requirements for custodial deposit accounts....

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