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The Latest Breaking News from fintech

After Ho-Hum Pricing, AMTD Digital Storms Out of the Gate in U.S. Trading Debut

Key Takeaways:

Benzinga

Digital bank Starling posts its first ever profit boosted by strong mortgage activity

The fintech firm has an office in Cardiff were staffing numbers have swelled to 900

Birmingham Post

The latest appointments and promotions in Welsh business

New roles at FinTech Wales, Cyber Resilience Centre for Wales, Kocho, Global Centre of Rail Excellence, Hollingsworth Group, Savills, and UKSE

Birmingham Post

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Fintechs question CFPB’s faith in innovation over ‘safe harbors’

WASHINGTON — The Consumer Financial Protection Bureau’s decision to end temporary “safe harbors” for two financial technology companies is raising eyebrows in the community, with some wondering if the agency is committed to promoting financial innovation.

Tribune News Service

Fintechs question CFPB’s faith in innovation over ‘safe harbors’ - Roll Call

Financial technology firms are worried about the ramifications of a regulator’s decisions to end two temporary safe harbor protections.

Roll Call

Paxos' Strategy Head Talks Tokenizing US Equities And Re-Platforming Trillions In Assets

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

Benzinga

Northern Trust Taps Into Data Science And Partnerships To Add Value To Investment Process

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

Benzinga

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Bitkub deal delay casts doubts over SCB’s makeover

A delayed deal between Thailand’s oldest bank and its largest cryptocurrency exchange is raising doubts about the 115-year-old financial group’s ambition to become a regional fintech powerhouse.

Bangkok Post

The future of fintech

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

The Independent UK

How Clear Street Is Reinventing Markets Infrastructure And 'Serving The Underserved'

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

Benzinga

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

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

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Insider UK

Scottish fintech start-up raises £1.2 million

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

Benzinga

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.

Evening Standard

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.

StockNews.com

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…

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The Hindu

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

Benzinga

'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.…

Asharq Al-Awsat

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…

Benzinga

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.

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

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