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The Latest Breaking News from fintech

UK Fintech investment drops by more than a third

The fall is a much steeper decline than the 14% drop in total capital invested in Fintech globally

Evening Standard

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Bangkok Post

Four Questions to Consider When Introducing Clients to New Fintech

To guide your clients toward a smooth adoption of useful fintech tools, ask these questions.

Kiplinger

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Millennial Money: The credit-building road with alternative credit cards could be bumpy

So-called alternative credit cards from financial technology companies can offer you the opportunity to build credit when your options are limited, and they tend to lower or eliminate many barriers along that path

The Independent UK

3 China Stocks Showing Great Value

With the easing of restrictions, China’s economy is expected to witness significant growth this year. Therefore, investors could consider buying China stocks FinVolution (FINV), LexinFintech Holdings (LX), and Tarena International (TEDU), which are currently trading at a discount. Keep reading.

StockNews.com

Lithuania Solidifies Fintech Hub Status With New Memorandum Of Understanding

Prominent institutional actors join forces to enhance conditions for business and foster transparent regulatory frameworks.

Zenger

London fintech firm relocates HQ to Aberdeen

With support from Scottish Enterprise, the start-up has made ONE Tech Hub its new home

Insider UK

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A short history of doing sweet FA on bank innovation

It’s not just the upcoming ComCom banking inquiry; three announcements in the past month are intended to nudge NZ towards more competitive, more innovative, consumer-focussed banking system. But it’s taken far too long, and there’s a long way to go.

Newsroom.co.nz

Morning Digest | Google announces global fintech operation centre in Gujarat; ‘We stand together to fight BJP in 2024’, says Opposition in Patna, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Board exodus at London fintech WorldFirst

London fintech WorldFirst has seen a mass board exodus as billionaire Jack Ma tightens his grip on the management of the payments company, the Standard has learnt.

Evening Standard

Fintech City contractor had bagged NHAI contract as well, says T.N. government

The company PST Engineering Construction (PSTEC), which came under criticism for poor quality of construction in the apartments it built for Tamil Nadu Urban Habitat Development Board in K.P. Park, Chennai, had recently bagged a contract from National Highways Authority of India as well, a statement by the Tamil Nadu…

The Hindu

Is PayPal Holdings (PYPL) a Buy or Sell This Week?

Fintech pioneer PayPal’s (PYPL) stock has been losing steam in the post-pandemic period. However, PYPL is well-positioned for long-term growth. So, does this present the right opportunity to scoop up some PYPL shares? Read on.

StockNews.com

Govt. draws flak for awarding Fintech City contract to firm that built poor quality flats

The Tamil Nadu government has come under criticism for awarding the contract for developing infrastructure at the upcoming Fintech City in Nandambakkam, Chennai, to the Namakkal-based PST Engineering Construction, which came under the scanner for constructing poor quality apartments for the economically weaker sections at K.P. Park in Chennai

The Hindu

Overhyped valuations are threatening our fintech crown

City Voices: Fintech founders are scared to face the fact that their blockbuster IPO dream is no longer realistic

Evening Standard

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Fortune

ONE joins the fintech battle for banking customers with a 5% APY high-yield savings account

This ultra-competitive rate is available on balances up to $100,000.

Tribune News Service

Intentional communication the name of the game in a hybrid work environment

Minneapolis-based fintech company Branch switched to a "remote-first" model during the pandemic.

Barchart

Join the Fintech Revolution With These 3 Fintech Companies!

Fintech is changing how borrowers access capital. Here's 3 companies investors are buying.

Evening Standard

Fintech firm CAB Payments eyes £1 billion valuation in London IPO

London could be about to welcome its newest tech unicorn after a Sutton-based fintech unveiled plans for an initial public offering in fresh signs of a resurgence of activity in the capital’s stock exchange.

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The Conversation

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.

Evening Standard

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

The Hindu

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.

StockNews.com

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…

Birmingham Post

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'

Evening Standard

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.

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