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Zelle® Shatters Records with $1 Trillion Sent in a Single Year

Fintech Finance

Zelle has announced that in 2024 the network reached 151 million enrolled users and helped American consumers and small businesses send over $1 trillionthe most money ever sent by a person-to-person payments service in a single year. billion, a 25% increase from the prior year. billion, a 25% increase from the prior year.

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Parlay Finance Secures $2 Million in Seed Funding for its Loan Intelligence System

Finovate

Loan intelligence system (LIS) company Parlay Finance has secured $2 million in seed funding in a round led by JAM FINTOP. The funding will help Parlay expand product development and grow its network of community lenders. Last month, Parlay Finance partnered with credit-decisioning firm and fellow Finovate alum Stratyfy.

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Financial Institutions Can Now Convert Transaction Data into Precise Revenue Opportunities with the Power of AI

Fintech Finance

Community banks and credit unions can now increase their understanding to better serve their customers’ needs through a new partnership between DeepTarget Inc. and FinGoal. “Our partnership with DeepTarget bridges that gap.

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Jack Henry and Moov to Simplify Digital Payments for Small Businesses

Fintech Finance

.” Jack Henry Chief Technology Officer Ben Metz said small businesses typically have multiple relationships with banks and fintechs to serve their specialized needs, resulting in inefficiencies, increased costs, and integration issues. million small businesses in the U.S., ” There are approximately 33.3

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Small Business Banking Targeted In Open Banking Initiatives

PYMNTS

Small businesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. In this week’s roundup of open banking initiatives and bank-FinTech tie-ups, PYMNTS finds a renewed push to strengthen SMB banking experiences including financing, account management and more.

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The Economy is Rebounding—But Small Businesses Are Still Recovering. Here’s What Community Banks Can Do

Lending Front

But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of course, many firms opted to apply for fully forgivable PPP loans instead of traditional loans, seeing as the second round of PPP had funds earmarked for underserved small businesses. Enter community banks.

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Which Fintech Sub-sectors Will Have the Biggest Impact on People’s Financial Well-being in 2025?

The Fintech Times

. “For instance, in Mexico, were working with local fintechs and other organisations including The Peoples Clearinghouse and The Mexican Association of Credit Unions of the Social Sector (AMUCSS) on an initiative that will introduce an interoperable, real-time payment pathway between the US and 140 rural community banks.

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