Federal Reserve's launch of FedNow places instant payments at the forefront, paving the way for the future transformations in the financial services industry
Although it may seem like a hellish year for fintech, it's not all been doom and gloom. Significant headway has been made in developing tech.
On Feb. 7 financial institution OMB and digital platform Bits of Stock announced an agreement which allows OMB to provide customers with the ability to earn fractional stock rewards on debit card transactions.
These funds should allow Blipay to expand its credit line in the payroll anticipation sector — where it seeks to become a relevant player.
Mexican fintech Kapital raised $40 million in a series-B funding this month and $125 million in debt financing to expand to new markets.
Despite the drop in funding and waves of layoffs, employee equity remains a priority across the US and Europe.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.
'Lili Smart' tracks banking movements, categorising them instantaneously to ease small business accounting.
Today, AVANA Companies launched Equal Seat, the first step in their goal to "democratize" private commercial debt investment.
Real-time income data has enabled completely new fintech products to be developed over the past five years