Search Results for: Consumer Credit

Mobile Pay Adoption Surpasses 50% Among Eligible Users for the First Time
Digital Payments News

Mobile Pay Adoption Surpasses 50% Among Eligible Users for the First Time

Cision PRWeb
by Cision PRWeb0
Auriemma Group’s Mobile Pay Tracker has been trending mobile and digital payments since 2016 and recently found that for the first time, most eligible device holders are using Apple Pay, Google Wallet, or Samsung Wallet. Mobile payments have grown rapidly over the past five years, with both established and new......
Walnut Insurance Secures $4.6M to Transform Insurance Distribution with Embedded Technology
Finance Fintech Investments News

Walnut Insurance Secures $4.6M to Transform Insurance Distribution with Embedded Technology

Business Wire
by Business Wire0
Walnut is revolutionizing insurance distribution by enabling partner-driven growth through technology solutions for insurers and enterprise businesses Walnut, an innovative force in the insurance distribution industry, today announced the successful close of its latest funding round, securing $4.6M. The investment will be used to expand Walnut’s groundbreaking embedded insurance technology......
Zest AI Debuts AI-Powered Fraud Detection for Lenders
Lending News

Zest AI Debuts AI-Powered Fraud Detection for Lenders

PR Newswire
by PR Newswire0
Zest Protect helps lenders decision loans more confidently with accurate, holistic application fraud detection  Zest AI, the leader in AI lending technology, announced its new fraud detection solution, Zest Protect. Zest Protect quickly and accurately identifies fraudulent activity during the loan decisioning process, helping credit unions, banks and other lenders navigate the......
Banking Business Digital Payments Finance Fintech Guest Posts

Could Gaming be the Gateway to African APM Adoption?

Kamran Hedjri
by Kamran Hedjri0
By Kamran Hedjri, Group CEO at PXP Financial In numerous regions of Africa, traditional banking services remain difficult to access, especially in rural areas. Alternative Payment Methods (APMs) offer accessible transaction channels, opening financial opportunities in underbanked communities. With a thriving gaming community on the continent, could gaming be the......
Octane Raises $50 Million in Series E Funding Round
Fintech News

Octane Raises $50 Million in Series E Funding Round

PR Newswire
by PR Newswire0
New Equity Financing to Fuel Continued Growth, Product Innovation, and Expansion into New Markets Octane, the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million in total equity funding to date. The......
Marqeta Signs Five-Year Deal with Varo Bank to Become Exclusive Issuer Processor in the US
Finance Fintech News

Marqeta Signs Five-Year Deal with Varo Bank to Become Exclusive Issuer Processor in the US

Business Wire
by Business Wire0
Varo Bank selected Marqeta as its issuer processor to help achieve its mission of bringing financial inclusion and opportunity for all Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it has signed a five-year deal with Varo Bank, N.A., the......
SRM Releases Report on the Impact of FedNow and the Outlook for Instant Payments in the United States
Digital Payments News

SRM Releases Report on the Impact of FedNow and the Outlook for Instant Payments in the United States

Business Wire
by Business Wire0
SRM, an independent advisory firm serving financial institutions across North America and Europe, released its new report titled “Examining the First Year of FedNow & the State of Instant Payments.” “SRM sees instant payments as an essential component of a financial institution’s broader payments strategy” It has been just over a......
Card-Linked Installments Surge: Merchants Report Uptick of 82% In-Store, 68% Online, New Study Finds
Digital Payments Fintech News

Card-Linked Installments Surge: Merchants Report Uptick of 82% In-Store, 68% Online, New Study Finds

PR Newswire
by PR Newswire0
New research from Splitit and PYMNTS illustrates the rapid evolution underway in the payments landscape and the implications for customer loyalty and retention. The report, “Innovations and Developments of Card-Linked Installment Plans,” finds that most merchants have seen a significant increase in the use of credit card-linked installments, up 82% in-store......
Mbanq Launches New White-Label Mobile Digital Banking Apps
Banking News

Mbanq Launches New White-Label Mobile Digital Banking Apps

Business Wire
by Business Wire0
Mbanq’s customizable white-label digital banking apps are now available for deployment by credit unions, banks, neobanks, FinTech platforms, and brands. Mbanq, a global leader in banking technology and Banking-as-a-Service (BaaS), launches a new suite of white-label mobile digital banking apps. These customizable apps are designed to meet the needs of......
OppFi Acquires Equity Interest in Bitty, Enters Small Business Financing Market
Fintech News

OppFi Acquires Equity Interest in Bitty, Enters Small Business Financing Market

Business Wire
by Business Wire0
Led by proven operator and industry leader Craig Hecker, Bitty is a profitable and growing platform that provides credit access to underserved small businesses The transaction implies a 6.0x purchase multiple on adjusted net income for the trailing twelve months ending March 31, 2024 and is expected to be immediately......
1