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The Latest Breaking News from fintech

IIT Madras Research Park grooms fintech firms catering to the under banked

Aim is to ensure that everyone, especially those in rural pockets, have access to financial services and products

The Hindu

'Volatility Creates Opportunity': Alviere Taps Wes Schmidt For Its Global Expansion

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards to New York City on Dec. 8, 2022.

Benzinga

Citigroup Negotiating With Local Bidders For Its Russian Operations: FT

Citigroup Inc (NYSE:C) is in talks with local buyers in Russia over a potential sale of its operations in the country, the Financial Times reported, citing people familiar with the matter. The bank is in negotiations with privately-owned Russian companies, including Expobank and insurance company Reso-Garantia for the divestiture, the report said.…

Benzinga

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read the most diverse news in one place.

Saudi Banking Sector Stimulates FinTech, Entrepreneurship

The Saudi Central Bank inaugurated the HORIZON Center at al-Bilad Bank to create a coherent environment that ensures support for digital entrepreneurial projects. Last May, the Saudi Cabinet adopted the financial technology strategy so that the Kingdom would be among the leading countries in the field of FinTech, with Riyadh…

Asharq Al-Awsat

Why Asset Aggregation Is The Future Of Fintech

By Rafael Loureiro, co-founder and CEO of wealth.com

Benzinga

Broker Quantfury Makes Money For Users, Builds 'Hedge Fund For The Masses'

Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be bringing back its annual Global Fintech Awards event to New York City on Dec. 8.

Benzinga

Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

The sources said banks were asked to expedite non-performing assets (NPAs) resolution and focus on the recovery of bad loans

The Hindu

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Here's Why Alibaba Shares Are Trading Higher Premarket

Alibaba Group Holding Limited (NYSE:BABA) founder Jack Ma's Ant Group Co is likely to apply for a critical financial license by June, Bloomberg reports. The move signals the fintech giant is getting closer to satisfying China's financial regulators, who quashed its listing ambitions in 2020. It followed a broader crackdown that erased over $1 trillion in…

Benzinga

China's Xi Calls for Stronger Fintech Oversight, Security

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown. The government action has pummeled some of China's biggest tech firms, wiping out hundreds of billions of…

Asharq Al-Awsat

FinTech and Crypto: Three Things to Pay Attention to Before Investing. Advice from Global Communications Consultant.

Investment in FinTech businesses has grown exponentially over the past decade and the growth continues to be on the rise. According to a 2021 report by Dealroom, FinTech startups raised $125B in VC funding globally, exceeding the total 2020 funding by 2.8 times.

Benzinga

Chinese fintech giant Ant closer to reviving iPO

HONG KONG: China’s central bank has accepted an application by Ant Group to set up a financial holding company, a key step toward finishing a year-long overhaul of Alibaba founder Jack Ma’s fintech business and reviving its stock market debut.

Bangkok Post

Market swings, software-based investing — and community banking - Roll Call

Amias Gerety, a partner at QED Investors, interviews M1 CEO Brian Barnes on relationship investing and automation in the fintech economy.

Roll Call

A Look At Needham's Top FinTech Picks

After another earnings season and coming off the 17th Annual NTMC, Needham analyst Mayank Tandon received updates from its entire coverage universe in recent weeks.

Benzinga

London Tech Week: 20 of the hottest British start-ups to follow now

From the fintech firm started by two Gen-Z sisters to Euan Blair’s billion dollar idea, here are the hottest new businesses in town as London Tech Week continues

Evening Standard

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Insider UK

Shared branch banking firm strengthens leadership team

Scottish fintech firm hires new chief operating officer and non-executive director

Evening Standard

London ranked second best startup hub in the world for tech

The capital came top for fintech

Benzinga

RBC Shares Its Insight On Fintechs, Apple Buy Now Pay Later, Ultimate Winners

RBC Capital analyst Daniel. R. Perlin looked forward to the Fintech Conference on June 14. Investor feedback was generally constructive, with most investors focused on which names in its universe have the higher probability for positive revisions in 2H/22 versus names at risk.

Benzinga

Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets

Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines as weak stock markets caused trading commissions to slide Futu reined in spending during the period, while UP Fintech’s spending rose on aggressive hiring for its global expansion By Doug Young

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StockNews.com

3 Fintech Stocks to Sell Now

Although the fintech industry is poised to grow significantly in the long run, data security concerns are currently plaguing the industry. Therefore, fundamentally weak fintech stocks Bill.com (BILL), Block (SQ), and Futu Holdings (FUTU) are expected to suffer in the near term.

Benzinga

Here's Why Citi Is Incrementally Bullish On FleetCor, WEX

Citi analyst Peter Christiansen expressed incremental bullishness on FleetCor Technologies, Inc (NYSE:FLT) and WEX Inc (NYSE:WEX), lifting estimates and target prices on both, given rising fuel prices and solid demand signs. As a reminder, the incremental flow-through on higher fuel was highly margin-accretive. Christiansen upgraded WEX from Neutral to Buy on higher fuel and increased…

Benzinga

Why UP Fintech Holding Limited Shares Are Trading Lower Today

Shares of UP Fintech holding Limited (NASDAQ: TIGR) are trading lower after the company reported first-quarter earnings results.

Birmingham Post

Holywood agency creates 14 jobs to grow US fintech reach

The move by Origin is part of a £1 million investment

Benzinga

What To Watch In GameStop Stock After SEC Chair Signals End To Payment For Order Flow

GameStop Corporation (NYSE: GME) was sliding over 6% lower on Thursday, the day after Securities and Exchange Commission Chairman Gary Gensler said at the Piper Sandler Global Exchange and Fintech Conference that his staff was considering

Benzinga

Here's Why Alibaba Shares Are Trading Lower Premarket After Brief Jump

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share…

Asharq Al-Awsat

Saudi Arabia Gears Up to Become Middle East’s Fintech Hub

Amid a fast-paced financial world, Saudi Arabia is emerging as a very bright spot for the future of the financial technology sector in the Middle East. What makes the Kingdom a prominent home for financial technology in the region are several record achievements, foremost of which is the development of…

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