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Neobank Joust Raises $2.6M To Improve Freelancer Payments

PYMNTS

At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. Existing financial market infrastructure just isn’t built to provide this bundle.

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Scotiabank: Why Banks Need To Rethink Personalization

PYMNTS

FinTech apps, for example, saw a 72 percent increase in usage in the first quarter of 2020 alone. Experts predict that the market will reach $10.87 billion by 2027, generating a compound annual growth rate (CAGR) of 13.6 The global digital banking platform industry generated $3.95 percent over the next seven years.

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What could R3’s DLT-based platform mean for global payments?

NCR

The debate surrounding blockchain – or more specifically distributed ledger technology (DLT) – and its viability for widespread rollout across the global financial system rumbles on, but it seems that we are beginning to see clearer signs of how this area of innovation could have a real impact on the industry.

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Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

FREE DOWNLOAD: STATE OF FINTECH q1’21. Marqeta is currently trading at $16B in the private market. Below, we take a look at where the company is gaining traction across the payments technology market and where it might face challenges as it enters the public domain. . Download the report to learn more. First name.

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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

Ogden said what sparked the idea for ClearBank was the perfect storm of market consolidation in the U.K. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K. When you’ve only got a market in the U.K. Leveling The Competitive Playing Field.

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Freelancer Payments Turn Traditional Payroll On Its Head

PYMNTS

The freelance and gig work economy continues to grow, creating wide-open opportunities for FinTechs and service providers addressing a range of new pain points for both the talent and the employer. That figure could rise to 50 percent, it estimates, by 2027. working population. It’s not a U.S.-only ”

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

timeshare companies, crypto firms, multi-level marketing, credit repair, dating services, telemarketing, tech support companies, etc.). The session also covered the new Georgia “merchant acquirer limited purpose bank” (MALPB) charter, which has the potential to be popular among fintechs wanting bank powers.