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The Latest Breaking News from fintech

Revolut mulls auditor switch as banking licence decision looms

London fintech giant Revolut has been considering switching auditors after its last annual accounts were only signed off with a health warning, the Standard understands.

Evening Standard

LIC exploring possibility of setting up fintech arm: Chairman

LIC exploring setting up fintech unit as part of digital transformation; launching new product with assured returns, loan facilities, premature withdrawal; 3-4 new product launches this year to accelerate growth

The Hindu

A Thanksgiving Surprise? This IBD 50 Broker Reports While We Eat Turkey

This fintech company is expected to report robust EPS growth in its earnings report on Thursday.

Investors Business Daily

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3 Fintech Stocks Wall Street Likes Better Than Upstart

Upstart is wrestling with an uncertain lending environment due to interest rate hikes. But here are three other fintech stocks that are thriving in the current economy.

Barchart

Air ticket prices from Bengaluru to Ahmedabad skyrocket ahead of ICC Men’s World Cup finale

Cricket fans in Bengaluru must pay a fortune to watch the ICC World Cup 2023 finale live in Ahmedabad. Flight fares have shot up to ₹84,000, with few seats remaining. Vistara Airlines fares range from ₹57,032 to ₹84,527, while Indigo fares range from ₹26,999 to ₹30,000. Tarun Madan, a fintech…

The Hindu

BharatPe co-founder Ashneer Grover, his wife stopped from flying abroad at Delhi’s IGI Airport over LOC notice

“BharatPe co-founder Ashneer Grover and his wife Madhuri Jain were stopped at the Delhi international airport following a look out circular issued against them in the alleged fraud at the fintech firm,” sources said.

The Hindu

2 Fintech Stocks with Big Insider Buying

Insiders of these two fintech stocks recently loaded up on company shares. Here's a look at what these insider moves might mean for investors.

Barchart

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Are customers losing interest in Wise?

City Comment: Rising interest rates have changed things for some of London's most successful fintechs

Evening Standard

Ripple Upgrades Payments Platform, Expands Business Interests In US And Africa

Ripple boosts payments platform to expand in US & Africa, partners with African fintech Onafriq

Zenger

Users of Fintech App Brigit to Get $18M in Refunds

The fintech app falsely promised cash-strapped users instant cash advances and locked them into monthly memberships that they couldn't cancel, the FTC charges.

Kiplinger

The battle to revive FTX is down to a former NYSE president, a fintech startup, and a private investment firm

Bullish, a crypto exchange run by former NYSE president Tom Farley; Figure, a fintech startup; and Proof Group, a private investment firm are reportedly the finalists.

Fortune

2 Fintech Stocks Warren Buffett and Cathie Wood Both Own

These Brazil-based companies are included in the equity portfolios of investors as diverse as Warren Buffett and Cathie Wood. Are these two fintech stocks a good buy today?

Barchart

How Adyen is trying to avoid a PayPal style slump

Fintech darling Adyen is feeling the heat from PayPal competition and slowing consumer spending.

Fortune

Fed’s Michael Barr calls for strong stablecoin regulation and says ‘we haven’t made a decision’ when it comes to CBDCs

The Federal Reserve vice chair for supervision spoke at D.C. Fintech Week on Tuesday.

Fortune

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Barchart

Block vs. PayPal: Which Fintech Stock Is the Better Buy Right Now?

Although both Block and PayPal reported strong third quarter results, Wall Street has higher growth forecasts for one of these fintech stocks, thanks to its potential to drive exceptional growth once the economy improves.

Zenger

Aries’ CEO Reda Falih: We Want To Be 100% Client Focused

Falih will participate in the upcoming Fintech Deal Day in New York City

Fortune

Millennials led the consumer fintech revolution post-2008. Here’s why Gen Zers are about to do the same

The ground is shifting again–and it looks strikingly similar to the early 2010s.

Fortune

U.K. fintech used to be a side hustle for bored finance executives in the wake of the Global Financial Crisis. Now it’s an industry with the potential to rival the country's big banks

The 5 leading banks in the U.K. have experienced a sustained decline in market capitalization since 2008. Meanwhile, fintech has become the most valuable segment of the British tech industry.

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Investors Business Daily

Dow Jones Rises As Fed Decision Looms; Tesla Rises On Big Win

Advanced Micro Devices will report at market close. Bitcoin flashed a golden cross sign.

The Conversation

What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the 'unbanked'

Last year, the CEO of financial technology (fintech) company Revolut added a UK banking license to his 2022 Christmas wish list, telling startup news outlet Sifted: “I would love to have it as a Christmas present. A present for me personally and for the business.”

Fortune

Apex Fintech CEO is eyeing an IPO—after pulling plans for a SPAC in 2021

Apex is in talks with banks about a possible IPO.

Evening Standard

FTSE 100 Live: Shares rebound as interest rate fears ease, Bitcoin surges, UK unemployment at 4.2%

The UK's unemployment rate held steady at 4.2% today, the ONS revealed, as it introduced a new methodology to count the jobless population.

Evening Standard

CAB Payments shares plummet after forecasts slashed

London fintech CAB Payments saw its share price plummet more than 60% as markets opened this morning after it warned of a sudden slump insales.

Barchart

This Low-Priced Warren Buffett Stock Has 57% Upside Potential

StoneCo stock, backed by none other than Warren Buffett, is a value pick to watch as Brazilian policymakers continue to cut rates.

Barchart

3 Fintech Stocks Analysts Like Better Than SoFi Technologies

While SoFi Technologies has raced ahead in 2023, other fintech stocks like Block, PayPal, and Fiserv have earned better ratings from Wall Street. Here's what you need to know about the latest fintech industry forecasts.

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