FinTechs

nCino’s Weak Guidance Sends FinTech IPO Index 1.6% Lower
nCino’s Weak Guidance Sends FinTech IPO Index 1.6% Lower
December 06, 2024  |  Fintech Investments

The broader tech-heavy NASDAQ was 1.1% higher through the last five sessions, while the Dow hit a record before backing off a bit. But the...

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nCino Sees Vendor Fatigue as Tailwind for Multi-Solution Growth
nCino Sees Vendor Fatigue as Tailwind for Multi-Solution Growth
December 04, 2024  |  Earnings

In the evolving world of financial services, the growing imperative to modernize infrastructure has created a fertile ground for innovation. That fertile ground has also...

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Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
December 02, 2024  |  Bank Regulation

The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. And...

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Trustee Report Sheds New Light on Synapse Bankruptcy
Trustee Report Sheds New Light on Synapse Bankruptcy
November 26, 2024  |  Partnerships

A reevaluation of risk management and regulatory oversight is transforming the bank-FinTech partnership model. At the center of this shift is the April collapse of...

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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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