Financial Services

Spendesk is the latest expense management fintech to net funding—here’s why French fintechs are proving popular with investors this month.

Bitcoin is losing ground in the payments realm as stablecoins solve key crypto pain points, which could move the needle for crypto adoption.

The US banking giant not only eliminated overdrafts, it introduced a lending alternative—charting a course for banks to jettison the controversial fees while continuing to serve those dependent on them.

Visa Acceptance Cloud, which lets payment service providers embed transaction software into digital devices, opens new acceptance channels for Visa.

Telematics is becoming the norm in US auto insurance as drivers increasingly agree to being monitored in exchange for lower premiums.

M&T is turning select locations into “multicultural banking centers” while TD’s new flagship can be physically customized based on services required.

Fintechs raised $132 billion in 2021, an all-time high—investors will flood into several hot areas this year, including crypto.

Both countries are researching the regulatory nuances for a potential CBDC while China and India push ahead with their own CBDCs.

Backed by several FDIC-insured incumbents, USDF has 1:1 redemption with US dollars and runs on a public blockchain. Security and transparency will make good selling points.

As they return to the roads, skies, and seas, many travelers are also revisiting how to get the most mileage out of their credit cards.

Solutions introduced last year like Apple Family Card and wallet support for more transit systems could help the tech giant increase volume.

Two fintechs powering circularity and resale of fashion and luxury items pitch sustainability while also edging their users into a tokenized economy.

Its plan to significantly reduce its presence in Mexico is just one example of how scale could be a double-edged sword for banks.

Goldman’s new General Motors card could cement the issuer’s reputation for innovative digital features and serve as an industry blueprint.

Indonesia-based Koinworks might follow the lead of larger global players and pursue a one-stop-shop model to drive revenue growth.

Brex and Novo in the US, along with Qonto in France, have closed on funding rounds that they could use to make broad lending plays that could threaten incumbents.

Cryptocurrencies are looking like a better bet for more and more investors. Last month, 24% of US adults said they would invest in cryptos, up from just 10% in June.

PayPal confirmed it’s looking into developing a stablecoin, an asset class with unique crypto benefits that can help drive volume.

Digital assets’ recent plunge in value underscores the need for risk management and regulation. Bit by bit, the pieces are coming together.

Findings from PYMNTS show a gap in businesses’ and consumers’ degree of trust in business technology. Greater transparency in how data is handled will establish the trust necessary for wider adoption of open banking.