Fintech is an abbreviation for financial technology. Auto-investors, payment apps like Stripe or Venmo, and stock market apps like Robinhood are all considered to be fintech enterprises. Essentially, they’re tools or services that provide more efficient and informed online money management capabilities to digital consumers. That might mean securing your business credit card transactions, or enabling investment of stagnant corporate funds.

Today, Amazon and Affirm announced an expanded partnership that makes Affirm the first pay-over-time option available at checkout on Amazon Business, a business-to-business (B2B) store that helps businesses of all sizes digitize and automate procurement with powerful management controls and analytic tools—all within the familiar experience of Amazon.

Today, the Consumer Financial Protection Bureau (CFPB) published a new analysis on state Community Reinvestment Act laws, highlighting how states ensure financial institutions' lending, services, and investment activities meet the credit needs of their communities.

In the relentless whirlwind of the UK business landscape, an alarming 40% of companies are ensnared in the time-consuming management of late payments, losing up to nine full working days annually. This drain on resources, mirroring an employee’s annual leave, is a critical issue that transcends the UK, with American SMEs facing a daunting average of 700 hours a year on the same endeavor.

According to a study from the Bank of England last year, almost three-quarters of senior executives believed that cyber-attacks posed the highest threat to the UK financial industry. This is hardly surprising as an attack on a financial services provider can be particularly profitable for threat actors, considering the highly sensitive data that firms hold and the critical nature of the services they provide.

Last month, GoCardless launched the results of our latest global survey, revealing that over a third of businesses plan to consolidate the number of Payment Service Providers (PSPs) they use within the next 12 months. It’s clear from the responses that the current economy plays a key role in this decision, with 9 in 10 respondents telling us that they’re satisfied with their current suppliers but the need to reduce costs takes precedence.

Paays Financial Technologies Inc., a leading provider of Fraud Detection, KYC, AML and Income Verification software solutions in Canada, is pleased to announce a new partnership with Yoti, a leading digital identity company. Paays will integrate Yoti’s identity verification technology with the Paays ID Verifier solution, to streamline the customer journey, strengthen identity checks and reduce the risk of fraud in auto finance applications.

FERO is delighted to announce the successful closure of a $3 million seed round from Coatue, Volta Ventures, and Antler.

Connectly, the leader in conversational commerce, today announced its $7.85 million Series A investment led by Volpe Capital, with participation from RX Ventures and Saurabh Gupta, managing partner of DST Global. This brings the total amount the company has raised to $17.25 million.