Fintech News

OCTOBER 28, 2024

The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. Four finalists were shortlisted in each category. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.

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AI FinTech Innovation Payment APIs and Integration 106

PYMNTS

OCTOBER 19, 2020

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”.

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AI B2B Underwriting Non-Bank 120

Fintech News

FEBRUARY 27, 2024

The fintech industry in the Asia Pacific region is booming, with several high-growth companies potentially eyeing an initial public offering (IPO) as early as 2024. Rapid digitalisation, a young internet-savvy population, and underserved markets make the region ripe for fintech disruption.

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Fintech Finance

SEPTEMBER 20, 2024

United by a common mission of expanding financial access, this partnership between two of Canada’s leading fintechs will bring more credit options to consumers overlooked by traditional financial institutions.

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Underserved Underwriting AI Product 98

The Fintech Times

JUNE 30, 2025

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. appeared first on The Fintech Times. “AI implementation requires careful strategic planning.

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Payment APIs and Integration AI Underwriting Treasury 80

Fintech Review

MAY 10, 2025

Despite the rise of fintech , banks still play a central role in the economy. They also maintain relationships with governments, corporations, and regulators that fintech firms cannot easily replicate. This leaves gaps that fintech lenders try to fill. Fintechs cannot easily match this level of balance sheet power.

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Central Bank FedWire Push-to-Card Regulations 52

Electronic Transactions Association

FEBRUARY 22, 2023

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.

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Underserved Online and Mobile Banking Financial Literacy FinTech 40

M2P Fintech

MARCH 24, 2025

This includes employing machine learning algorithms to automate parts of the loan application and underwriting process, as well as using digital platforms to facilitate communication between borrowers, lenders, and other relevant parties. Collaborative ecosystems between banks and fintechs create seamless solutions.

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Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

PYMNTS

OCTOBER 22, 2018

In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. Tala’s Android-based app analyzes device and behavioral data to instantly underwrite the consumers and create a loan offer.

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PayPal Underserved Underwriting Consumer 77

The Fintech Times

SEPTEMBER 2, 2024

Ant International , the digital payment and fintech company, has joined forces with Dock , a payments and banking technology provider in Latin America, to offer new AI-driven credit technology solutions in Brazil. However, significant opportunities remain to further support MSMEs and other financially constrained groups. .

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Financial Inclusion AI Underserved Underwriting 72

The Payments Association

MARCH 18, 2025

Fintech platforms are leveraging consumers full financial footprints to deliver contextual budgeting, automated savings, and bespoke investment strategiesturning transaction data into actionable insights. Mexico has adopted a regulated approach under its Fintech Law, introduced in 2018, laying the groundwork for open banking.

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Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JUNE 12, 2025

Launched in 2019, LoanTube is a UK-based digital credit marketplace that connects underserved borrowers with FCA-regulated lenders, offering real-rate comparisons and transparent eligibility decisions in real time. The post Behind the Idea: LoanTube appeared first on The Fintech Times. They are the very people who need the most help.

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Non-Bank Underserved Regulations FinTech 45

FICO

MARCH 25, 2020

The introduction of the score has enabled Home Credit to underwrite and evaluate new clients with a thin file more objectively. This has been a big focus for the business in response to strong market demand for consumer loans in China. For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion.

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Risk Point-of-Sale (POS) Financial Inclusion Risk Assessment 97

PYMNTS

JULY 16, 2019

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. “We developed a unique underwriting platform based on alternative data points to evaluate credit risk. with 27 million being working professionals.

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Finance FinTech Underwriting Credit Risk 49

The Fintech Times

AUGUST 15, 2024

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 15 August 2024. Partnerships Arch Insurance, a global specialty insurer, has partnered with digital risk processing platform Cytora to further digitise its risk intake and streamline underwriting workflows.

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PYMNTS

SEPTEMBER 15, 2017

The favored narrative about banks and FinTech startups is generally not a love story. Whereas FinTechs are undoubtedly newer and faster – risen from the digital age to put banks out of business – they aren’t always able to take deposits or keep some of those associated warranties. Usually, it is more of an all-out war story.

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Financial Inclusion FinTech Credit Cards Caps 79

Finovate

APRIL 10, 2024

Empower also announced it closed the acquisition of Philippines-based consumer credit and lending fintech Cashalo. Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal. credit card market. and billions worldwide. . and billions worldwide.

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Credit Cards Underserved Underwriting Acquirers 52

PYMNTS

MARCH 7, 2017

On Monday (March 6), CFPB Director Richard Cordray presented at the LendIt USA Conference, providing attendees with an overview of where the bureau stands on FinTech innovation. In his keynote speech, Cordray shared how the CFPB is working to help facilitate FinTech innovation in a way that is beneficial for both providers and consumers.

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The Payments Association

MAY 9, 2025

However, smaller firms often struggle to qualify due to tight underwriting standards. Fintechs contribution to a more Inclusive Future Fintech platforms are filling in the gaps by offering agile, API-driven services, which empower SMEs through: Faster onboarding using digital ID verification.

Finance 88

Finance Cross-Border Payment APIs and Integration Real Time Payments 88

Finextra

JULY 7, 2025

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses.

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AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 64

Payment Savvy

SEPTEMBER 5, 2024

This junction of finance and technology is often called “fintech.” ” But what is fintech? The following post will define fintech, discuss the types of companies involved, and comment on how this new industry fundamentally changes the face of banking, investment, and doing business. What Does Fintech Mean?

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FinTech Online and Mobile Banking Payment APIs and Integration Cryptocurrency 52

PYMNTS

AUGUST 7, 2019

Without a regulatory mandate, many in the financial services and FinTech space believe that competition will — and already has — nudged the industry toward embracing data integrations across platforms and service providers in the name of better banking experiences. Bank participation is key to promoting open banking in the U.S.,

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Office of the Comptroller of the Currency Payment APIs and Integration Federal Reserve Small Business 72

FICO

MAY 7, 2018

I recently had the opportunity to attend LendIt Fintech USA , a leading event discussing financial services innovation. A key driver of successful financial inclusion is the ability for lenders to effectively gauge the risk of an underserved consumer. It’s also a challenge that FICO is in a unique position to address and at scale.

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Financial Inclusion Innovation Credit Risk Underserved 77

Finovate

MAY 16, 2024

The score combines consumer-permissioned open banking data with data from Experian, Equifax, or TransUnion to improve lenders’ underwriting efforts. The new credit scoring model is available as a pilot for banks, fintechs, and government lenders.

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Fintech News

JUNE 4, 2025

With a very clear mandate to serve the underserved, we have the natural appetite to try and test,” Pei-Si Lai, Group CEO of GXS Bank clarified. Pei-Si believes this type of contextual underwriting is key to unlocking access for underserved users, calling it a true example of credit innovation in action.

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Underserved Risk FinTech Underwriting 66

PYMNTS

FEBRUARY 11, 2019

This latest round brings OakNorth’s total funding to over $1 billion, more than any other FinTech in Europe. OakNorth is delivering a highly differentiated service to a key segment of the market that has historically been underserved by commercial banks,” said Munish Varma, partner at SoftBank Investment Advisers. billion to U.K.

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Underserved Underwriting Finance Origination 53

Finextra

JUNE 2, 2025

Location Joburg Followers 5 Opinions 22 Follow Unfollow Open Banking has moved from regulatory idea to industry reality, driving transformation by enabling secure, permissioned data sharing between financial institutions and third-party fintechs. The impact has been profound at a macro level. Crucially, Open Banking was just the opening act.

Finance 52

Finance Payment APIs and Integration API Regulations 52

The Fintech Times

JUNE 3, 2025

Mastercard and Perfios collaboration was formalised with the signing of a Memorandum of Understanding (MOU) at the Dubai FinTech Summit 2025. The post Perfios and Mastercard Address Business Banking Needs With New Partnership appeared first on The Fintech Times.

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Addressing Visa Commercial Card Fraud Prevention 45

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. This includes the EU’s revised payment services directive (PSD2), the UK’s Open Banking, the Hong Kong Monetary Authority’s virtual bank license, the US OCC’s Fintech Charter, and Brazil’s new banking rules.

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Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

SEPTEMBER 17, 2019

Currently, more than 200,000 customers use FairMoney to access financing, with the company’s algorithm using data from a user’s smartphone to underwrite those loans. Our vision is to build a holistic financial platform for underserved customers in emerging markets,” explained FairMoney CEO Laurin Hainy in a statement.

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Financial Inclusion Underserved Small Business Underwriting 46

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

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Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

Fintech Finance

MARCH 21, 2024

Pockit , the UK fintech providing vital financial services to people whose needs aren’t met by the traditional banking system, has announced the official launch of its Income Advance product, enabled by its partner SteadyPay. The post Pockit Launches Income Advance Product appeared first on Fintech Finance.

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Product Underwriting On-Demand Underserved 52

PYMNTS

JUNE 11, 2019

banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. “Consumer banking has become very commoditized, but small businesses are still very underserved.” Overall, he noted, regulators appear keen to continue promoting bank innovation.

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Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

Fintech Finance

APRIL 17, 2024

Designed as a one-stop payment hub, ARISE is an easy-to-use, powerful payment solution for SMBs — a category long underserved by the payments industry. The post Aurora Payments Launches ARISE, a One-Stop Payment Platform for Small and Medium Businesses appeared first on Fintech Finance. Watch a short video about ARISE here.

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Stop Payment Payment APIs and Integration ISVS Payments 52

PYMNTS

JUNE 12, 2018

Now, the tech-driven underwriting models that promised to assess risk more accurately, and extend credit more efficiently, may be confirmation that traditional risk and lending business models may have more going for them than their new, FinTech challengers once thought. The Coming Risk Assessment Reset.

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Underwriting Risk Assessment Assessments Risk 46

PYMNTS

OCTOBER 30, 2018

Underwriting is still very complicated in India, where 20 percent of customers do not have a bank account.”. ” There is a reason, Sinha noted, that the FinTech startup scene in India is so incredibly crowded and competitive as 2018 is closing out its accounts. That is changing, and quickly. percent of the nation’s 512.26

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Consumer Financial Inclusion Underserved Underwriting 49

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market. It’s a very manual process — it really struck me.”.

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