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FinTech challengers and challenger banks are called such because it encompasses what they represent: a challenge to the offerings of the traditional banking sector, particularly smaller and regional lenders and credit unions (CUs).
Over the past decade, these firms have rattled the traditional lending establishment and leveled up the competitive field, setting off an innovation arms...
Visa and African digital payments network Onafriq partnered to launch the payments-as-a-service platform Visa Pay in the Democratic Republic of Congo (DRC).
The partnership will give consumers in the DRC access to digital and eCommerce payments by enabling them to fund their Visa Pay wallets directly from mobile money channels, the companies said in a Thursday (Sept. 11) press release...
A trio of Asia-based payment providers have teamed to help bolster cross-border digital wallet transactions.
The Digital Wallet Guardian Partnership, announced Thursday (Sept. 11), comes as digital wallets grow in popularity with consumers in Asia and around the globe.
With this partnership, tech giant Ant International will join forces with e-wallet companies AlipayHK from Hong Kong...
More Americans filed for unemployment last week than in any week since 2021, the Department of Labor said in a Thursday (Sept. 11) press release.
There were 263,000 initial claims during the week ended Friday (Sept. 6), a figure that was 27,000 higher than the 236,000 reported the previous week and the highest since the 268,000 recorded on Oct. 23, 2021, according to the release.
The...
Blockchain-based lender Figure Technology Solutions has increased the pricing of its initial public offering (IPO) to $25 per share.
That new figure, announced late Wednesday (Sept 10), is above an earlier pricing of $20 to $22 per share. The company sold 31.5 million shares, raising $787 million and giving it a valuation of $5.3 billion.
Founded in 2018, Figure initially offered home...
Artificial intelligence (AI) search startup Perplexity AI has reportedly secured $200 million in new funding.
The new funding values the company at $20 billion, according to multiple media accounts late Wednesday (Sept 10). The company’s financing was initially reported by The Information, which cited sources familiar with the matter.
That report noted that Perplexity has raised funds...
Watch more: Elliptic’s Policy Chief Says Crypto Needs a ‘Healing Moment’
The cryptocurrency sector has had so many milestones by now that it is enough to make anyone’s head spin.
But when the Securities and Exchange Commission and Commodity Futures Trading Commission issued a joint statement Sept. 2 allowing exchanges in the United States to list certain crypto asset products, the...
Klarna made its expected big splash on Wednesday (Sept. 10) with its New York Stock Exchange debut, raising roughly $1.37 billion at an IPO price of $40 per share, and sending its stock soaring about 30% to an opening price of $52, valuing the firm in the $15-20 billion range.
It’s the biggest FinTech listing of 2025 and a landmark moment for the buy now, pay later (BNPL) segment,...
The hidden drag on billing modernization isn’t paper alone.
It’s double delivery, with one-third of utility customers still receiving both paper and electronic bills, a redundancy that adds cost, confuses customers and leaves cracks for fraud to slip through.
PYMNTS Intelligence’s Digital Financial Services Tracker, “Fitting the Bill: How Automated Bill Presentment and Payment Are...
Walk into the back office of a middle-market enterprise, and you might see a mountain of paper, physical or digital, piling up in inboxes, enterprise resource planning (ERP) systems and spreadsheets.
It’s not an uncommon sight. At the heart of this chaos is cash application, a crucial but often overlooked link in the financial supply chain.
For many companies, cash application is...