FinTech Updates

Discover how AI-focused fintech companies secured 30% of Q2 investments totaling $24 billion, signaling a shift in investor interest. Get insights from Lisa Calhoun on the transformative power of AI in the fintech sector.

Discover American Express's capital deployment strategy focusing on technology, marketing, and M&A opportunities as shared by Anna Marrs at the Scotiabank Financials Summit 2024.

PayPal launches a new rewards program offering consumers 5% cash back on a spending category of their choice and allows adding PayPal Debit Card to Apple Wallet.

Low code platform 3forge has received an undisclosed funding round from Morgan Stanley to enhance client workflows and accelerate its global expansion.

Discover how regional and community banks are harnessing AI to drive revenue growth and operational efficiency, with 78% seeing AI as a catalyst for uncovering new business prospects.

Toronto-Dominion Bank's CEO stresses the importance of staff accountability and urgency following money-laundering probes in the US, emphasizing the need to avoid complacency.

American Express utilizes machine learning and AI exclusively for its fraud models, with the first adoption dating back to 2010, as shared by Anna Mars, the group president of global commercial services and credit and fraud risk at the company.

Unlock better credit decisions as Akoya and Nova Credit collaborate to provide lenders with cashflow and income data through API integration.

Ncontracts strengthens its governance, risk, and compliance services by acquiring Venminder, a third-party risk management SaaS platform, further expanding its expertise in this area.

Learn how Jack Henry's collaboration with payments platform Moov will revolutionize payment services for small and medium-sized enterprises (SMEs).

Exploring how financial institutions view the upcoming US open banking regulation and its impact on innovation and readiness.

Discover how ACI Worldwide collaborates with Red Hat to offer their cloud-native Enterprise Payments Platform on any cloud infrastructure, enhancing flexibility and scalability for banks, merchants, and billers.

Chase customers expose a loophole in Chase ATMs during Labor Day weekend, enabling deposit of fake checks and withdrawal of large sums without adequate funds. Clients turned to TikTok to reveal the flaw in the bank's $3.8 trillion system.

U.S. Bank is leveraging AI and automation to boost efficiency for its small and medium-sized business customers based on a recent survey revealing significant interest in digital tools among U.S. SMBs.

Experian collaborates with Paylink to provide a debt consolidation tool using ReFi to validate and settle consumers' outstanding debts.

Axway from Scottsdale, Arizona, acquires core banking software vendor Sopra Banking Software for $364 million, creating a 5,000-employee firm. The acquisition aims for $772 million in revenue by 2025.

Getting ready for a wave of fintech updates during the 'Back to School' season, stay informed with Finovate's Fintech Rundown.

Explore how Gen Z's tech proficiency, from thumb-focused typing to AI reliance, comes with challenges like cybersecurity gaps and overdependence on technology.

Get an exclusive preview of the companies showcasing at FinovateFall in New York. Discover innovative financial solutions empowering individuals and institutions. Find out how Addition Wealth, LoanReady by Cyphr, Dimply, Homegrown, Odin AI, Starlight, Stride, and Themis are revolutionizing the industry.

Discover how Dubai-based fintech startup Ziina, targeting SMEs, obtained $22 million in Series A funding led by Altos Ventures, showcasing impressive growth with 34% month-over-month customer increase and ten-fold revenue surge in a year.