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The Latest Breaking News from fintech

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

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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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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.

Barchart

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.

inkl

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…

Evening Standard

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….

StockNews.com

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

Birmingham Post

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.

Evening Standard

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

Birmingham Post

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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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The Guardian - UK

Revolut’s place as UK’s top fintech firm at risk after Schroders writedown

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m

Fortune

A short-seller just went after the fintech company Ryan Reynolds has a stake in—and it's not the first time

The short-seller said in its latest report that Canadian payment company Nuvei was not being upfront about the nature of Reynolds's investment.

Fortune

Ryan Reynolds says ‘emotional investment’ is the key to his business success

The actor recently revealed he had invested in Canadian fintech firm Nuvei.

Fortune

After he sold his company for over $1 billion, Ryan Reynolds' investing spree continues with a fintech company that has ties to Binance and DraftKings

The actor has invested in a gin company, mobile network and more. Reynolds says he likes less-glamorous, yet important projects with his marketing firm.

Birmingham Post

Government vows to transform fintech - and launches nationwide census to support tech businesses and drive open banking

New City minister says 2023 'will be the year of delivery on the next generation of open banking'

Fortune

Frank’s Charlie Javice vs. JPMorgan: Why the case could hinge on “synthetic data"

While JPMorgan Chase is alleging fraud, the young fintech founder says she was just trying to protect customer privacy.

Asharq Al-Awsat

UAE’s e& Takes Majority Stake in ‘Careem's Super App’

The UAE telecom-tech giant e& is picking up a majority stake in Careem Super App through a binding agreement with Uber Technologies. Careem’s ride-hailing business will remain fully owned by Uber Technologies and continue to be available with all other Careem services on the existing app for customers. e& is…

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