FinTechs

Report: Revolut Probed Over Transactions From Suspicious Accounts
Report: Revolut Probed Over Transactions From Suspicious Accounts
October 01, 2023  |  Regulation

England’s financial regulator is reportedly examining whether Revolut permitted transactions involving suspicious accounts. Revolut is in discussions with the U.K. Financial Conduct Authority (FCA) over failures that...

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FedNow Unveils Market Practices to Promote Instant Payment Feature
FedNow Unveils Market Practices to Promote Instant Payment Feature
September 26, 2023  |  Real-Time Payments

The Federal Reserve has unveiled market practices aimed at promoting the standardized implementation of the request for payment (RFP) feature of the FedNow® Service. The market practices were...

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Higher for Longer Means Tougher for Longer for FinTechs
Higher for Longer Means Tougher for Longer for FinTechs
September 24, 2023  |  Fintech Investments

The Federal Reserve said last week that higher interest rates could stick around. As The Wall Street reported Sunday (Sept. 24), this “higher for longer” strategy could spell bad...

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SAP Fioneer and Mastercard Partner on Embedded Payments and Lending
SAP Fioneer and Mastercard Partner on Embedded Payments and Lending
September 08, 2023  |  Partnerships

SAP Fioneer, a global provider of financial services software solutions and platforms, has partnered with Mastercard to enhance its embedded financial services. The collaboration aims to enable...

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From Paper Trails to Digital Footprints: The Ongoing Evolution of Payments
From Paper Trails to Digital Footprints: The Ongoing Evolution of Payments
September 08, 2023  |  Payments Innovation

In today’s digital age, money talks in bytes, not bills.  And PYMNTS has been closely tracking the “What’s Next” in digital payment trends as money...

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Fed Scrutiny of Regional Banks Highlights Importance of KYB, FinTech Partnerships 
Fed Scrutiny of Regional Banks Highlights Importance of KYB, FinTech Partnerships 
September 01, 2023  |  Bank Regulation

The increased scrutiny of regional banks — and a boost in capital requirements — may drive them towards FinTech partnerships to shore up compliance and...

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PSB Alliance and Veefin Solutions Partner on Supply Chain Financing
PSB Alliance and Veefin Solutions Partner on Supply Chain Financing
September 01, 2023  |  Supply Chain

PSB Alliance, an entity formed by 12 state-owned lenders in India, has partnered with Veefin Solutions, a builder of white-labelled supply chain finance and digital lending...

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Goldman Warned by Fed Over FinTech Risk
Goldman Warned by Fed Over FinTech Risk
September 01, 2023  |  Bank Regulation

The Federal Reserve has issued a warning to Goldman Sachs regarding risk and compliance oversight at its FinTech unit. The regulatory concerns raised by the...

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Goldman’s GreenSky Sale Has Implications for FinTech ‘Exit Strategies’
Goldman’s GreenSky Sale Has Implications for FinTech ‘Exit Strategies’
August 30, 2023  |  Fintech Investments

Goldman Sachs’ sale of its FinTech lender, GreenSky, is reportedly close to being a done deal. As reported this week, the company is, per Bloomberg, drawing interest...

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