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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.

Payments 143
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What could R3’s DLT-based platform mean for global payments?

NCR

Putting forward the case for a more efficient international payments network, R3 argued that businesses in particular are being disadvantaged by the high cost and inefficiency of cross-border transactions, having become accustomed to real-time payments in their domestic markets. Image credit: iStock/monsitj. appeared first on Banking.com.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. market, for example, quadrupling to $3.4

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Green Growth is Building a Platform for Millennial “Green” Investing (Fintech Startup of the Week)

Fintech Labs Insights

Pricing : 0.75% management fee on assets under management (AUM). Target market : Climate-conscious millennials. Market size : $60B in the UK by 2027 (source: Green Growth pitch above). Revenue outlook : If Green Growth can maintain its current management fee of 0.75%, it stands to make $7.5M Raising : $750k.

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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

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Real-time Payments (RTP) and FedNow are expected to exceed 13B payments annually by 2027.