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The Latest Breaking News from fintech

How cashless societies can boost financial inclusion -- with the right safeguards

Cashless societies, where transactions are entirely digital, are gaining traction in many parts of the world, particularly after a pandemic-era boom in demand for online banking.

The Conversation

Are the wheels coming off for Silicon Roundabout? Top tech bosses are divided

Microsoft isn’t the only firm to warn the tide is turning

Evening Standard

Delhi High Court refuses to stay investigation against Ashneer Grover, wife in Economic Offences Wing FIR

The Delhi High Court on June 1 refused to stay at this stage an investigation against BharatPe co-founder Ashneer Grover and his wife Madhuri Jain in a case of an alleged ₹81 crore fraud based on a complaint by the fintech unicorn.

The Hindu

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3 Fintech Stocks Failing to Impress Investors

Given the growing adoption of digital financial services, the long-term prospects of the fintech industry look bright. However, not all fintech stocks can capitalize on the industry tailwinds. Therefore, it could be wise to avoid fundamentally weak fintech stocks Marathon Digital (MARA), Bit Digital (BTBT), and Argo Blockchain (ARBK). Read…

StockNews.com

Bottlepay to close down app, two years after Newcastle fintech firm's acquisition

The Newcastle company says the app will close in two months, saying 'we’re really sorry to put you through the inconvenience of having to leave us'

Birmingham Post

London crowned the ‘founder factory of Europe’ in new report

As many as 185 startup spinouts have been created from 27 London unicorns

Evening Standard

London fintech Paydock secures £25 million Series A funding round

Payments orchestration business Paydock has become the latest London fintech to attract an eight-figure funding round, the Standard can reveal.

Evening Standard

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Bankrate: These fintechs are automating the budgeting process

While not a bank in the traditional sense, Oportun — formerly known as Digit — is offering a new way for consumers to do their banking that integrates artificial intelligence (AI) technology. Customers link their bills and credit cards, and Oportun’s algorithms determine how much should be allocated to each…

Tribune News Service

Wise CFO to quit after CEO says he will step away

London fintech Wise could soon be without both its long-serving bosses, after the CFO today said he plans to leave the firm just days after the CEO revealed he would be taking a multiple-month leave of absence.

Evening Standard

UK ministers ask to meet Revolut amid reports it may be refused licence

Britain’s most valuable fintech firm has criticised regulatory hurdles that it says could drive it abroad

The Guardian - UK

Russian fintech and Kalashnikov owner added to UK’s sanctions list

Oil and gas tycoons, Russia’s biggest fintech and the owner of the company behind the AK-47 are among those listed as part of a fresh wave of sanctions as the UK ramps up its economic offensive against Russia.

Evening Standard

Interactive Investor creating jobs as it significantly increases headquarters

The company employs more than 400 people in Manchester

Birmingham Post

Future of Finance: PwC’s Oliver on how 'fintech is becoming crypto'—and approaching the point where 'there is no paper money'

The PricewaterhouseCoopers partner also said that when the dust finally settles, most of the biggest names in finance won’t be going anywhere.

Fortune

Fintech innovation could mean the end of traditional business banking

Paysend is a Business Reporter client.

The Independent UK

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Barchart

Why the Unusual Options Volume for SoFi Technologies (SOFI) Deserves a Closer Look

Although bullish investors of SoFi Technologies appear enthused about Monday’s discount, SOFI stock may incur a longer-term challenge.

inkl

What Is Fintech, and How Is It Changing Financial Products?

It has become evident in recent years that finance has undergone an irreparable disruption due to fintech's immense influence. Financial technology (or "fintech") applies cutting-edge technologies to develop novel economic goods and services.

Evening Standard

Philip Belamant net worth | Evening Standard Tech Rich List

A serial fintech entrepreneur, the Rand Afrikaans University IT graduate set up and sold on two other payment companies before founding Zilch in 2018. It raced to a $2 billion valuation in just two years, offering a transparent approach to buy-now-pay later services. Belamant’s experience in providing payment platforms in…

StockNews.com

Are These 3 Stocks Leading the Fintech Movement?

The fintech industry witnessed explosive growth over the past few years, led by industry giants Visa and Mastercard. However, SoFi Technologies failed to keep up and is struggling to stay afloat. This article offers insights into the prospects of these fintech companies. Keep reading….

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Birmingham Post

City grandee behind £1.1bn TalkTalk takeover joins board of fintech Total Processing

Martin Gilbert co-founded Aberdeen Standard Investments and is also the chairman of Revolut

Evening Standard

London fintech Moneybox shelves customer crypto investing plans

Moneybox has shelved its plans to introduce crypto products to customers as the London fintech distances itself from digital assets amid market volatility and cost-of-living pressures.

Birmingham Post

Risk of redundancies and pay delayed at fintech OpenMoney as takeover deal agreed

New owners say they believe business has potential for 'stellar growth' and that clients are not affected

Evening Standard

Paul Rippon net worth | Evening Standard Tech Rich List

Paul Rippon is best known for being one of the founding members of Monzo, one of the biggest fintechs in the UK which was valued at nearly £4 billion at its most recent funding round.

Fortune

Sweden’s Klarna burned through $100 million a month to become a buy-now-pay-later giant in the U.S. Can ChatGPT help it turn a profit again?

Klarna, a pioneering fintech startup, seeks a rebound after a year marked by layoffs and a plummeting valuation.

Fortune

JPMorgan Chase’s fintech buying spree

JPMorgan Chase has bought or invested in more than 80 companies in two years.

Fortune

Two years ago JP Morgan CEO Jamie Dimon warned about the threat from fintechs

Competition from fintechs and big tech spurred JPMorgan Chase to go on a buying binge, and take advantage when prices were depressed.

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