Tag Archives: Fintech

Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Google and Walmart Inc. are rapidly gaining customers from India’s Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate. Source link

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there… Source link

The digital revolution has changed the world in just the last decade and a half, spawning new technologies, new ways of using technologies, and bringing old businesses into the 21st century. Nowhere is this more obvious than in the financial sector. Banking and financial services have benefited enormously from bringing tech into the mix – and their gains have given us a new word to describe it, fintech. 5-star analyst Jeff Cantwell, of Wells Fargo, lays out the upside case for fintech in no… Source link

Rocket Companies CEO Jay Farner wasn’t kidding around when he told Yahoo Finance Live in November he was on the hunt for acquisitions to diversify his company and fetch a higher trading multiple for a stock that has been under pressure.  And Farner is looking to fast-growing fintech to help pull both those goals off.  The company said Monday it would acquire personal financial app Truebill for $1.275 billion in cash. Truebill was founded in 2015, and currently has 2.5 million members who use… Source link

The advent of technology is changing banking, resulting in artificial intelligence’s (AI) deployment in data collection, data integration, and analysis. According to an IndustryArc report, the Fintech market is expected to grow at a compounded annual growth rate (CAGR) of 8.7% between 2021 to 2026, and is anticipated to be worth $161.2 billion by 2026. Using the TipRanks stock comparison tool, let us compare two retail companies, SoFi Technologies and Upstart Holdings, and see how Wall Street… Source link

In four minutes, cyber looters pilfered $34,123 worth of virtual currency from a Virginia resident’s Coinbase (COIN) account, the 38-year-old told Yahoo Finance.   The man, Ben, says it’s still missing despite his appeals to Coinbase, the FBI, the Securities and Exchange Commission (SEC), the Consumer Financial Protection Bureau (CFPB), the Financial Crimes Enforcement Network (FinCEN), lawmakers, and the Better Business Bureau (BBB). In order for Ben to comply with a policy of his… Source link

Robinhood, the app-based trading platform, looks set to hit the public markets this year after filing confidential paperwork with the Securities and Exchange Commission this week. It has been among the most talked about firms on Wall Street as retail investing has grown in popularity amid the pandemic, and more recently, as Reddit-fueled investors used the platform to buy up heavily shorted stocks like GameStop (GME). But Robinhood is far from the only financial technology, or fintech, startup… Source link

Russian technology firms Yandex, Mail.ru Group, Ozon and Wildberries are reportedly creating their own Fintech platforms so that they can potentially compete with some of the largest banks in the country, according to a report from Forbes Russia. Nasdaq-listed Yandex, which was in negotiations to acquire Russia’s digital bank Tinkoff (but the deal failed), has now decided to continue its focus on Fintech so it can offer some type of financial services via mergers and acquisitions or some… Source link

(Bloomberg) — Pony Ma’s Tencent Holdings Ltd. has been put on notice. Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire. The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably… Source link

[unable to retrieve full-text content]Yandex set to buy Tinkoff Bank in defensive move to boost fintech  AIM Group Source link