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The Latest Breaking News from fintech

Growth strategy launched to boost North East fintech sector and create 2,000 new jobs

The North East Fintech Strategy 2022-25 has been developed by Whitecap Consulting to create more and better jobs

Birmingham Post

Mairead McGuinness on Innovation, Crypto Regulation and Europe - Roll Call

Commissioner McGuinness, Europe’s most powerful regulator, discusses crypto regulation and innovation policy at DC Fintech Week. More on fintech: What fintechs and regulators have in common Converging on DC Fintech Week Can Congress buy in to digital dollar without legislation?

Roll Call

PhonePe loss without ESOP cost narrows to Rs 671 crore in FY22

NEW DELHI: Walmart-owned fintech firm PhonePe on Tuesday reported narrowing of its loss, excluding ESOP cost, to Rs 671 crore for the financial year 2021-22.

The Times of India

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How financial technology can discriminate against people speaking minority dialects – new evidence from China

In the UK, studies have repeatedly found evidence of accentism. Prejudice based on someone’s way of speaking can affect people in the classroom, the office and beyond.

The Conversation

Boston Fintech Week Returns, Highlighting Adjacent Industries: Web3, CBDCs, Philanthropy

Like many events, Boston Fintech Week was forced to pivot to a virtual event during the COVID-19 pandemic. But this year, the in-person event returned, bringing a renewed buzz and excitement to the fintech space.

Benzinga

Online expo of fintech start-ups on October 21

Start-ups to showcase products, services for industry at ‘Big Demo Day 8.0’

The Hindu

What fintechs and regulators have in common - Roll Call

Jo Ann Barefoot joins co-host Amias Gerety to explain the necessity of taking policy and innovation seriously.

Roll Call

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Converging on DC Fintech Week - Roll Call

Dante Disparte and Chris Brummer sit down to talk about the Circle’s Converge conference and DC Fintech Week.

Roll Call

GOP midterm victory would add pressure on fintech regulators

If Republicans win control of Congress in the November midterms, people who closely follow financial technology expect pressure on regulators to push crypto-friendly rules across the finish line.

Tribune News Service

GOP midterm victory would add pressure on fintech regulators - Roll Call

Regulators may feel congressional pressure to finish some fintech rules after the midterms, but a GOP majority would want a light touch.

Roll Call

Chime refunds $977 amid Sun-Times questions, as neo-bank apps face thousands of consumer complaints

Roderick Woodson of Morgan Park saw $997 mysteriously drained from his Chime Financial account in minutes. The company restored his money after a Sun-Times reporter asked: What happened?

Chicago Sun-Times

3 Fintech Stocks to Add to Your Watchlist This Fall and 1 to Avoid

The fintech industry has grown significantly over the past few years due to the pandemic-driven accelerated pace of digitization. Continued digitization of businesses and financial transactions should keep driving the industry’s growth. Thus, investors could add promising fintech stocks Visa (V), AssetMark Financial (AMK), and Regional Management (RM) to their…

StockNews.com

UP Fintech Flexes Global Expansion Muscle With NYSE Membership

Key Takeaways: UP Fintech’s TradeUP Securities unit has become a member of the New York Stock Exchange, giving its customers direct access to the bourse to enable faster trades at lower costs

Benzinga

1 Stock That Is a Hard Pass for the Smart Investor

Shares of fintech company Affirm Holdings (AFRM) have plummeted more than 75% in price year-to-date. The company has been dealing with economic and credit cycle headwinds, which impacted its financials. Its profitability is expected to be significantly affected by shrinking consumer spending. Hence, we think investors should stay away from…

StockNews.com

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The Times of India

RBI wants fintech operators to follow rules of game: Shaktikanta Das

MUMBAI: Warning against mushrooming of lending apps and their usurious recovery prices, the Reserve Bank said it is not interested in penalizing operators or stifling innovation but wants them to follow the rules of the game, governor Shaktikanta Das said on Tuesday.

The Hindu

Fintech industry needs to work relentlessly on safety to uphold people's trust: PM Modi

Prime Minister Modi said the fintech domain in India has earned goodwill by being an enabler of inclusion, and there is a need for continued focus to empower the poorest of the poor by taking quality financial services to them.

Roll Call

Why the US housing regulator is looking into fintech - Roll Call

Jason Cave, deputy director of the FHFA talks fintech and what the agency’s new office for innovation might mean for mortgage markets.

StockNews.com

Should You Buy SoFi Stock Now or Wait?

Shares of financial services company SoFi Technologies (SOFI) have plummeted more than 60% in price year-to-date, aggravated by the recent FedEx warning spurring recession fears and causing a broad sell-off in fintech stocks. However, given Biden’s announcement on lifting the student loan repayment moratorium, is it wise to buy the…

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Evening Standard

Capita shares surge on £150 million fintech sale

It’s the latest effort by Capita to slim down operations and pay off large sums of company debt

Bangkok Post

ASPS touts SCB's strong outlook

Siam Commercial Bank (SCB), Thailand's oldest lender, is viewed as an outstanding stock to watch given its fintech business expansion and high-yield lending services, according to Asia Plus Securities (ASPS).

The Guardian - UK

How Tide’s determined rise cost UK taxpayers millions

The fintech gained a wave of new customers after signing up to the Covid bounce back scheme, but now a third of the loans it made have gone bad

Benzinga

All in the Family: Cash-strapped ZhongAn Taps Chairman's Ties to Fund a Money-losing Unit

Key Takeaways: Sinolink will buy about 156 million new shares in ZhongAn’s overseas business development unit, ZhongAn International, for about $103 million The deal comes in a difficult year for ZhongAn, whose own cash holdings are dwindling By Warren Yang

Benzinga

Green Check Verified Acquires PayQwick To Boost Financial Ecosystem And Help Cannabis Businesses

Green Check Verified (GCV), a leading fintech provider of compliant cannabis solutions and services to financial institutions, announced deal terms, to acquire PayQwick, which has been servicing underbanked cannabis businesses with payments and lending since 2015. The deal was unanimously approved by both boards.

Insider UK

LendInvest opens new office in Glasgow

Property finance firm opens its first site outside of London and is looking for new staff to fill it

The Times of India

With inflation soaring, reliance on credit to meet monthly expenses has increased for 62% in India: Survey

NEW DELHI: Soaring inflation in India has pushed up expenses sharply. A survey by fintech major BankBazaar said nearly 62% of people have been relying on credit to meet their daily expenses, while savings have gone down for almost 80% of India's salaried class.

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