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The Latest Breaking News from fintech

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.

The Hindu

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.

Roll Call

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…

StockNews.com

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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

Evening Standard

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).

Bangkok Post

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

The Guardian - UK

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

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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.

Benzinga

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

Insider UK

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.

The Times of India

Saudi Central Bank Facilitates Entry of Fintech Companies into Kingdom’s Market

The Saudi Central Bank (SAMA) on Wednesday announced that it has updated the Framework of its Regulatory Sandbox. The move is part of its efforts to achieve several national strategic goals by promoting the regulatory sandbox's involvement in the Financial Sector Development Program (FSDP), a key objective of the Saudi…

Asharq Al-Awsat

1 Fintech Stock to Avoid Right Now and 2 to Buy

Continued digitization of businesses and financial transactions would drive the fintech industry’s growth. However, economic uncertainties and geopolitical headwinds have weighed heavily on investors’ sentiment surrounding fintech stocks. So, this may be the right time to offload fundamentally weak fintech stock Block (SQ) and load up promising industry participants Everi…

StockNews.com

Grab, Singtel join Singapore’s digital bank battle next week

Grab Holdings Ltd and Singapore Telecommunications Ltd plan to roll out a banking app next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

Bangkok Post

New coding academy launched to address FinTech skills gap in Wales

The programme has already helped 28 people to become front and back-end developers including ex-PGA golfer Richard King

Birmingham Post

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Birmingham Post

County Durham's Growth Capital Ventures leads £695,000 investment into fintech firm Finexos

Finexos has received the funding to drive its platform that aims to improve access to credit for millions of people

StockNews.com

Does Fintech Darling Affirm Holdings Still Deserve a Spot in Your Portfolio?

Fintech firm Affirm Holdings (AFRM) became one of the investor darlings during the height of the pandemic thanks to the remote lifestyles. However, the stock is trading more than 80% below its 52-week high. Is it wise to add AFRM to your portfolio as the company reported better-than-expected earnings and…

Benzinga

Investment Banks Are Now Turning To 'Infrastructure As A Service': Here's A Major Player In The Sector And How It Works

Benzinga is hosting its Global Fintech Awards at New York City’s Pier Sixty, Dec. 8, 2022.

The Times of India

Paytm CEO Vijay Shekhar Sharma faces biggest test since IPO dud

NEW DELHI: The billionaire founder of Paytm faces a crucial test of investor confidence on Friday, when shareholders will decide whether they want him at the helm of a fintech pioneer that made one of the worst debuts in history.

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Benzinga

If Crypto Is 'Too Big To Fail,' Secure Infrastructure Is Needed, Prime Trust Exec Says

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.

The Times of India

Razorpay buys Ezetap for $150 million

BENGALURU: Indian fintech unicorn Razorpay has acquired payments platform Ezetap in a deal that values the latter at around $150-200 million. It is Razorpay's largest acquisition so far. It's largely a cash deal, with a small equity portion.

Evening Standard

Starling and Monzo beat big banks in customer satisfaction survey

298-year-old Royal Bank of Scotland came bottom of the list

Newsroom.co.nz

Shooting hoops, tramping and cooking: The Kiwi firm slam-dunking its recruitment

An Auckland fintech is throwing out the hiring script and doing its final interviews on the basketball court, on the tramping track or in the kitchen.

Benzinga

Use This '15 Second' Analysis Tactic On The Stock Market To Weed Out The Noise

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.

StockNews.com

3 Fintech Stocks to Avoid in August 2022

Although the fintech industry is expected to grow in the long run, headwinds like rising interest rates and multi-decade high inflation have led to a massive correction in financially weak fintech stocks Block (SQ), SoFi Technologies (SOFI), and Forge Global (FRGE). Amid the looming recession, it could be wise to…

Benzinga

Meet The Company Streamlining Crypto Risk Compliance For Exchanges

This article is the first in our Fintech& series, leading up to Boston Fintech Week, which will take place from Sept. 27-29.

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