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The Latest Breaking News from fintech

What Is Fintech, and How Is It Changing Financial Products?

It has become evident in recent years that finance has undergone an irreparable disruption due to fintech's immense influence. Financial technology (or "fintech") applies cutting-edge technologies to develop novel economic goods and services.

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Philip Belamant net worth | Evening Standard Tech Rich List

A serial fintech entrepreneur, the Rand Afrikaans University IT graduate set up and sold on two other payment companies before founding Zilch in 2018. It raced to a $2 billion valuation in just two years, offering a transparent approach to buy-now-pay later services. Belamant’s experience in providing payment platforms in…

Evening Standard

Are These 3 Stocks Leading the Fintech Movement?

The fintech industry witnessed explosive growth over the past few years, led by industry giants Visa and Mastercard. However, SoFi Technologies failed to keep up and is struggling to stay afloat. This article offers insights into the prospects of these fintech companies. Keep reading….

StockNews.com

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City grandee behind £1.1bn TalkTalk takeover joins board of fintech Total Processing

Martin Gilbert co-founded Aberdeen Standard Investments and is also the chairman of Revolut

Birmingham Post

London fintech Moneybox shelves customer crypto investing plans

Moneybox has shelved its plans to introduce crypto products to customers as the London fintech distances itself from digital assets amid market volatility and cost-of-living pressures.

Evening Standard

Risk of redundancies and pay delayed at fintech OpenMoney as takeover deal agreed

New owners say they believe business has potential for 'stellar growth' and that clients are not affected

Birmingham Post

Paul Rippon net worth | Evening Standard Tech Rich List

Paul Rippon is best known for being one of the founding members of Monzo, one of the biggest fintechs in the UK which was valued at nearly £4 billion at its most recent funding round.

Evening Standard

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Sweden’s Klarna burned through $100 million a month to become a buy-now-pay-later giant in the U.S. Can ChatGPT help it turn a profit again?

Klarna, a pioneering fintech startup, seeks a rebound after a year marked by layoffs and a plummeting valuation.

Fortune

Stock Market Closes Mixed, Near Day's Lows; Solar Stock Loses 25%

Stock market indexes closed mixed Wednesday in choppy action. First Republic Bank posted more negative news pulling the stock down.

Investors Business Daily

Fintech Leader Fiserv Surges After Earnings As Federal Reserve Enters Real-Time Payments With FedNow

Growth stock Fiserv broke out after earnings on Tuesday. FISV will offer FedNow for real time payments to financial institutions.

Investors Business Daily

JPMorgan Chase’s fintech buying spree

JPMorgan Chase has bought or invested in more than 80 companies in two years.

Fortune

Two years ago JP Morgan CEO Jamie Dimon warned about the threat from fintechs

Competition from fintechs and big tech spurred JPMorgan Chase to go on a buying binge, and take advantage when prices were depressed.

Fortune

Revolut’s place as UK’s top fintech firm at risk after Schroders writedown

Asset manager suggests its stake could be worth less only 18 months after investing almost £10m

The Guardian - UK

A short-seller just went after the fintech company Ryan Reynolds has a stake in—and it's not the first time

The short-seller said in its latest report that Canadian payment company Nuvei was not being upfront about the nature of Reynolds's investment.

Fortune

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Investors Business Daily

China Internet Giant Alibaba Emerging From Deep Freeze As Restrictions Ease

Alibaba got good news that China might reduce a $1 billion fine on the company's fintech arm, Ant Group. BABA stock rose then fell.

Fortune

Ryan Reynolds says ‘emotional investment’ is the key to his business success

The actor recently revealed he had invested in Canadian fintech firm Nuvei.

Fortune

After he sold his company for over $1 billion, Ryan Reynolds' investing spree continues with a fintech company that has ties to Binance and DraftKings

The actor has invested in a gin company, mobile network and more. Reynolds says he likes less-glamorous, yet important projects with his marketing firm.

Birmingham Post

Government vows to transform fintech - and launches nationwide census to support tech businesses and drive open banking

New City minister says 2023 'will be the year of delivery on the next generation of open banking'

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Fortune

Frank’s Charlie Javice vs. JPMorgan: Why the case could hinge on “synthetic data"

While JPMorgan Chase is alleging fraud, the young fintech founder says she was just trying to protect customer privacy.

Asharq Al-Awsat

UAE’s e& Takes Majority Stake in ‘Careem's Super App’

The UAE telecom-tech giant e& is picking up a majority stake in Careem Super App through a binding agreement with Uber Technologies. Careem’s ride-hailing business will remain fully owned by Uber Technologies and continue to be available with all other Careem services on the existing app for customers. e& is…

Birmingham Post

Cardiff fintech Agam launches first digital microfinance product into Bangladesh

The microcredit gives unbanked entrepreneurs and gig economy workers who may not have a credit history access to loans

Insider UK

FinTech Scotland hails sector growth in line with roadmap

The number of Scottish SMEs increased by 13% year-on-year - with both new fintechs and international firms setting up here

Asharq Al-Awsat

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

Insider UK

Standard Life's second FinTech Forum focuses on ESG

Meanwhile, CodeClan is urging businesses to help it meet demand from young people for its tech training programmes

The Independent UK

Five trends set to transform fintech banking in 2023

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