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The Latest Breaking News from fintech

Klarna wipes off 85% of value in latest funding round

The value of Swedish Buy Now, Pay Later business Klarna has plummeted 85% from its 2021 peak after a fresh funding round, in the latest sign of dwindling fortunes for short-term lenders amid rising inflation and fears of a looming recession.

Evening Standard

London is ‘fintech capital of the world,’ Deputy Mayor says

The Deputy Mayor for Business has hailed London as the “fintech capital of the world” but warned the capital must “remain open” to continue to thrive as tech investors gather in the Square Mile for a two-day conference to mark Fintech Week London.

Evening Standard

Chameleon delivers office fit-out for fintech firm celebrated for its workplace wow - now take a look

Hull firm delights at challenge with inward-investing Dojo after Fruit Market move

Birmingham Post

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Meta Remains Adamant On NFT Push In Contrast With Google, Apple To Secure Its Metaverse Ambitions

Meta Platforms, Inc (NASDAQ:META) pushed ahead with plans to launch access to digital collectibles to its 3 billion users amid the crypto meltdown, the Financial Times reports. Meta would in no way adjust its plans around so-called non-fungible tokens, said new fintech head Stephane Kasriel in an interview with FT. The efforts are…

Benzinga

Scottish fintech start-up raises £1.2 million

Edinburgh-based business is developing a platform to help with home energy efficiency

Insider UK

Circle CEO Jeremy Allaire Addresses Paranoia Regarding USDC, Rumors Of Collapse

Jeremy Allaire, co-founder and CEO of global fintech firm Circle, refuted rumors of a potential USDC (CRYPTO: USDC) collapse.

Benzinga

Revolut launches card reader as it moves into physical retail market

London fintech business Revolut has launched its first card reader as it targets the high street retail market.

Evening Standard

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Better Buy: Block Vs. Forrester Research

Despite persisting data security concerns, the fintech industry is expected to grow with the rapid adoption of advanced technologies and digital transactions. So, fintech companies Forrester Research (FORR) and Block (SQ) should benefit from the industry tailwinds. But which of these two stocks is a better buy now? Read more…

StockNews.com

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

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

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The Hindu

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 Times of India

RBI exploring options to ensure customer safety dealing with PPIs issued by non-bank entities

NEW DELHI: The Reserve Bank is considering various options to ensure that customers are not put at risk on account of activities of non-bank fintech players with regard to prepaid payment instruments (PPIs), sources said.

Benzinga

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…

Asharq Al-Awsat

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…

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Benzinga

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.

Bangkok Post

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.

Roll Call

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.

Benzinga

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.

Evening Standard

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

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

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