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The Latest Breaking News from fintech

Jack Ma-owned London fintech WorldFirst shifts Asia business away from UK oversight in major shake-up

The firm said it took the decision based on ‘the strategic alignment of the legal entities’

Evening Standard

Educational Fintech Platform SHENIX® Launches Groundbreaking App For Latinas

SHENIX® launches app empowering Latinas to make informed financial decisions, coinciding with Hispanic Heritage Month.

Zenger

Great Southern banks profit, readies microbusiness move

Great Southern Bank will launch a modern platform for under-served microbusinesses in partnership with Sydney fintech Constantinople this year.

AAP

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London fintech owner linked to drug kingpins faces Belgian trial

A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.

Evening Standard

This new tech fund can help revive the London market for listings

City Voices: The figures show that we’re better at planting the seed than pouring on the fertilizer when the shoots are showing

Evening Standard

Why my growing fintech chose not to be a bank

Figure didn’t withdraw its application because it couldn’t become a bank. It no longer wants to be a bank.

Fortune

As Student Loan Repayments Resume, is SoFi Stock a Buy Now?

SoFi is among the biggest beneficiaries as student loan repayments resume this October. Here's what makes SoFi a top fintech stock to buy right now.

Barchart

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Founder of Jack Ma-backed fintech WorldFirst hits back over risk management questions after board exodus

Founder Jonathan Quin is understood to have questioned changes to risk and oversight functions at meetings of the firm’s risk committee.

Evening Standard

Why the Top Fintech FAANG Stock Isn't Apple or Google

Amazon has made major strides to expand its payments business in recent quarters, and could snag market share from FAANG rivals like Apple and Google.

Barchart

Zilch eyes London IPO as fintech firm edges closer to profitability

CEO Philip Belamant said Zilch was now months away from hitting profitability

Evening Standard

Buy now, pay later firm Klarna reports first month of profit in three years

Fintech company still made second-quarter operating loss of £62m as calls grow for sector to be regulated

The Guardian - UK

London fintech Wise accused of ‘inappropriate’ controls over Russia financial sanctions

A £250 rule-break, while small, was considered a “moderately severe” breach, according to the sanctions watchdog

Evening Standard

Buy the Dip in This High-Quality Fintech Stock

SoFi stock has gained 83% in 2023, but continues to trade 66% below its all-time highs. Here's why this fintech stock remains a good buy today.

Barchart

Swedish fintech Klarna booms in Europe as demand up by a quarter in the UK

Swedish fintech Klarna is booming in Europe as shoppers turn to Buy Now, Pay Later products amid inflationary pressure and high interest rates.

Evening Standard

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Evening Standard

London fintech Zopa returns to P2P lending market as losses narrow

Zopa has quietly re-entered the peer-to-peer lending market where it originally made its name after ditching its P2P subsidiary last year, the Standard can reveal.

Evening Standard

Dutch fintech Adyen loses $13 billion in market value after revenue miss

Revenue growth was hurt by pricing competition and inflation

The Conversation

Mobile money in Ghana isn't all good news: customers are paying a hefty price

Fintechs, notably mobile money, have transformed banking and finance in developing and emerging economies in Africa and beyond. Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services.

Barchart

This Buy-Rated Fintech Stock Has Over 50% Potential Upside

Looking to invest in Fintech? In this article, discover 3 buy-rated Fintech stocks.

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Fortune

Former Brex duo raises $5 million for new, pre-revenue A.I. agent startup meant to help fintech teams scale

AJ Asver and Miguel Rios-Berrios closed the round for Parcha AI in mid-July—a mere two months after publicly launching the company.

Fortune

Regulators are cracking down on banks that cater to fintechs. Here’s how CFOs can prepare

Konrad Alt, a former regulator with decades of experiencing advising banks, warns fintech CFOs to de-risk from their partner banks as regulators close in.

Fortune

$33 billion startup Revolut cites ‘evolving regulatory environment’ in decision to end crypto service to U.S. customers

The decision follows the fintech firm's delisting of three tokens the SEC claimed were unregistered securities in its lawsuits against Binance and Coinbase.

Evening Standard

Nigel Farage can bank with us, boss of London fintech Pockit says as it unveils $10 million raise

The boss of a London fintech has said Nigel Farage would be able to open an account with them after it unveiled a fresh $10 million funding round.

Fortune

The 21 most powerful players in private equity

A new guard is (finally) emerging in private equity

Fortune

One Greylock VC's ‘overlooked’ A.I. investing strategy

He’s eyeing companies whose value is 80% in fintech or another sector, and 20% A.I.

StockNews.com

What Do These 3 China Stocks Have in Common? Quality and Smart Money Interest

The Chinese economy demonstrated immense resilience despite facing many challenges. This solidity is strengthened further by an array of initiatives deployed by the nation, which have the potential to fortify its financial terrain. Therefore, quality Chinese stocks Alibaba Group Holding (BABA), FinVolution Group (FINV), and LexinFintech Holdings (LX), owned significantly…

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