Finxact's investors in this funding round were Accenture Ventures, SunTrust Bank and the American Bankers Association.
Mastercard, American Express and Visa are all taking a more active role in the evolution of fintech.
Microsoft has announced a strategic partnership with fintech startup ZestFinance to ease the adoption of AI and ML tools for its customers.
Financial services execs recommend that newcomers in financial services welcome bank partnerships as a strategic move.
Less than 10 percent of companies in France use commercial card solutions, deterred by additional paperwork and underwhelming benefits.
Fintech has undergone a period of rapid development, but the changes might just be getting started. These three trends will likely drive further change soon.
Signaling a strong M&A environment in fintech, two fintech giants Fiserv and First Data have announced a merger in a deal worth $22 billion.
Fintech firm Plaid, whose API technology is used to link bank accounts to fintech apps, has bought Quovo for nearly $200 million.
The halt in federal spending is compromising dealmaking and fundraising, slowing oversight and jeopardizing U.S. competitiveness.
