Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Fintechs chase licences as path to profitable growth
Fintech companies that once built their businesses by operating around traditional financial institutions are increasingly seeking regulatory licences as they look to unlock new revenue streams, improve profitability and deepen customer…
Why We Abandoned Backend APIs for a 'Sovereign' Client-Side FinTech Engine
When building enterprise FinTech tools, the standard industry playbook usually looks like this: build a React/Vue frontend, send sensitive user financial data via REST API to a heavy backend (like Python/FastAPI or Node.js), crunch the numbers, and…
Energy Down With Oil Futures on Rate View -- Energy Roundup
Shares of energy companies fell alongside oil futures as traders weighed the interest-rate outlook and developments in the Middle East. Oil futures fell sharply as traders retained hopes of a peace deal rather than signs of tension in Lebanon.
XYO's Coin app has paid millions to users in emerging markets.
OAKLAND, CALIFORNIA - APRIL 18: A truck driver sits in line as he waits to enter a shipping berth at the Port of Oakland on April 18, 2025 in Oakland, California. The man who walked up to Markus Levin at a conference in Australia would not let go.
Utilities Up on Defensive Demand -- Utilities Roundup
Shares of power producers rose as traders rotated into defensive sectors due to the tech rout. New Jersey utility Public Service Enterprise Group said it was planning to lower residential gas heating bills by 5% starting in October, despite…
Communications Services Down on Flight From Risk -- Communications Services Roundup
Communications-services companies fell as traders fled risky sectors of the market due to rate-hike fears. A stronger-than-anticipated tally of jobs growth in May sparked bets that the Federal Reserve would boost rates. The three remaining '60…
Huntsman Sells Italian-Owned Business to Trelleborg Group for $50 Million -- OPIS
US chemical enterprise, Huntsman Corporation, announced in a news release on Friday it has divested its Italian-owned unit, Huntsman Gomet, to Swedish headquartered Trelleborg Group for €42.5 million ($50 million). Huntsman Gomet, located in…
Health Care Up on Rotation Into Laggards -- Health Care Roundup
Health-care companies rose as traders continued to rotate out of high-momentum semiconductor and artificial-intelligence stocks into 2026 laggards. UnitedHealth Group, the largest U.S. health insurer, is now up by roughly 60% from its 2025 lows.
Financials Flat as Traders Rotate Into Sector -- Financials Roundup
Shares of banks and other financial institutions were more or less flat as private-credit fears offset an ongoing rotation to lagging sectors. Treasury yields surged in the wake of the surprisingly strong May jobs report, putting further pressure…
Consumer Cos Slide on Rate Fears -- Consumer Roundup
Consumer companies slid as concerns about rising interest rates offset some fuel-price reprieve. U.S. employers added 172,000 workers to payrolls in May, according to the Labor Department, far in excess of economists' expectations. 'May jobs were…
Caliber Names Rosales Acting CFO Ahead of Leung's Departure
CaliberCos named Michael Rosales its acting chief financial officer, succeeding Jade Leung, who is stepping down to pursue a new opportunity. Rosales's appointment is effective June 14. He has overseen the accounting, financial reporting, and tax…
Payoneer: The B2B Shift Is Working, But Growth Still Looks Too Slow (NASDAQ:PAYO)
Payoneer Global Inc. is pivoting from e-commerce payments to a broader B2B financial services platform, targeting higher-value clients and diversified revenue streams. Q1 2026 showed 6% revenue growth to $261.6M, with B2B payment volumes up 44% and…
Sunwing Vacations Stops Cuba Flights as Economic Strains Mount on Island
Sunwing Vacations Group is pulling out of Cuba as the WestJet-owned tour operator cites deteriorating operating environment on the island. The vacation division of WestJet said Friday that it would suspend indefinitely all Cuba operations following…
What Financial Services Leaders Need To Know About Tokenized Infrastructure
Ravi Chamria is the cofounder and CEO of Zeeve Inc. The financial services industry has been making strides toward tokenization over the last few years. Financial institutions are investing in researching use cases and launching pilots to…
Innovate Shares Rise on Sale of Majority Stake in HC2 Broadcasting Holdings
Shares of Innovate rose after the company sold a majority stake in HC2 Broadcasting Holdings to Conx Corp. Shares were up 13% to $19.30 on Friday. The stock has more than quadrupled in value this year. Following the transaction, Conx will own 75%…
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