PayPal CEO Planning to Introduce Digital Wallets to Facilitate Stimulus Payments
By Juhi Mirza
PayPal is assessing ways to introduce digital wallets to deliver stimulus payments.
FinTech News
Find latest news about FinTech - the technology that drives the development of financial applications, processes and products revolutionizing the way we live 
SEC Investigates PayPal Swipe Fees Paid to Bank Behind Debit Cards, PYPL Stock down 6%
By Daria Rud
According to the regulatory filing of California-based San Jose company, the agency is also investigating how PayPal reports marketing fees it earns from its branded-card program. Notably, PayPal is cooperating with the investigation.
Lloyds Banking Group Set to Acquire Embark for £390 Million as Q2 Pretax Profits Rise
By Tolu Ajiboye
In line with the move, Lloyds increased its net new money target to around £40 billion in 2023.
Super App by PayPal to Be Launched Soon to Offer Greater Crypto Functionality
The Super App will provide early and direct access to deposit funds while also enabling messaging features and some additional crypto functionalities.
Ripple Launches On-Demand Liquidity Corridor between Philippines and Japan
The availability of the Ripple ODL option in Japan means customers of RippleNet can leverage the digital asset XRP to eliminate pre-funding and reduce operational costs.
Mastercard to Add New Crypto Track to Its Incubator Program
By Juhi Mirza
The new Mastercard upgrade is said to pose a challenge to rival Visa’s Fast Track initiative and intends to add crypto and blockchain tech track to their Start Path Incubator program.
CoinZoom Tackles Obstacles Undermining Crypto Adoption by Embracing Financial Services in Fresh Format
Besides remittance services, CoinZoom features five different CoinZoom Visa cards, depending on the amount of ZOOM you hold in your wallet.
Ripple-backed Tranglo Working on Something to Stir Up Fintech and Payment Industry
Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners.
BankProv Announces Payments Network for Its Crypto Investing Customers
By Sanaa Sharma
ProvXchange, a payments platform by BankProv, will allow its two clients to pay each other instantly. The company is known for its state-of-the-art APIs (application programming interfaces) for all customers.
@Pay Protocol: Emerging DeFi Solution for E-Commerce Offerings
The @Pay protocol is leveraging blockchain technology and DeFi to offer tailored e-commerce solutions to consumers and merchants.
Financial Technology News
The word “fintech” is derived from “financial technology” which means the integration of technological tools and innovations into financial operations in order to enhance and automate the financial processes. Fintech is used to assist financial institutions, businesses in the management of their operations to provide better services to their customers. As the industry of fintech is actively evolving, there is no surprise at all that the news from this sphere can attract wide attention.
Adoption of fintech by a company would mean a significant change to their mode of operations as it involves the use of specialized algorithmic models, mobile applications and dedicated computer software packages.
At its initial introduction stage, companies from a range of industries including banking, education, fundraising, health, venture management, etc. only used fintech for back end systems where they get absolute and full control. Nowadays, most industries have started using the innovation for consumer-oriented services in an attempt to serve their clients better while increasing the transparency in their operations.
Impact of Fintech News
As we move towards a significantly digitized world, from the introduction of the internet to social media, smartphone evolution and now blockchain technology, the need for adoption of cryptocurrency cannot be overemphasized. As the underlying framework of pioneer cryptocurrency bitcoin, the blockchain is a vital part of fintech. We’ve seen a number of blockchain-powered fintech apps being employed by banking industries and data inclined platforms.
Fintech has become a major part of the finance space in recent years, this points to the fact that major conglomerates have identified and prioritized its importance in growing their businesses. Fintech works closely with other new technologies such as data-driven analytics and marketing, machine learning, artificial intelligence, etc.
Coinspeaker presents the best and latest Fintech news, ranging from its use in cross border payments, startup business fundraisers, venture management, credit application, to remote banking, as investors and stakeholders’ awareness about the innovation continues to rise daily.
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