Fintech Industry News

A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

Israeli fintech company partners with UAE-based CEO of Barter and Booth

Jpost.com – Sep 20

The CEO of Barker and Booth Commercial Agency LLC Mohammed Al Beloushi announced he will be investing in Israeli fintech startup Fintica AI LLC following the signing of the Abraham Accords.With the investment, Beloushi intends to develop Fintica's…

KPMG hired for Liberman-backed fintech Lumi's cash call

Australian Financial Review – Sarah Thompson, Anthony Macdonald, Tim Boyd – Sep 20

Rich Lister Josh Liberman's investment group is dipping back into its pocket to help finance fast-growing small business lender Lumi's growth plans. Street Talk understands Lumi has tapped KPMG Corporate Finance to help it raise $20 million in…

Chinese Fintech Giant Poses Risks to American Investors, Warns Advocacy Group

www.theepochtimes.com – Emel Akan – Sep 20

WASHINGTON—A financial affiliate of Chinese e-commerce giant Alibaba is set to go public and a sizeable portion of the funds raised will come from U.S. investors, raising alarms in Washington. Chinese financial technology firm Ant Group Co.

Fintech Focus For September 21, 2020

Benzinga – Renato Capelj – Sep 20

Quote Of The Day: In a time of deceit telling the truth is a revolutionary act. - George Orwell Fintech Movers: The European Union (EU) will release a new set of rules by 2024 — with the aim to streamline cross-border payments — by…

In China, Paying With Your Face Is Hard Sell

Wall Street Journal – Stella Yifan Xie – Sep 20

Ant Group Co., which revolutionized China's payments industry, is learning how hard it is to separate people from their mobile phones. Three years ago, the financial-technology giant controlled by billionaire Jack Ma embarked on an ambitious and…

People are ditching in-person financial services for apps

CNN – By Clare Duffy, CNN Business – Sep 20

New York(CNN Business) As with so many areas of life, the pandemic has changed how people are managing their money — they're using technology more than ever. It's not just online banking applications. These days, people are relying on tech…

EU seeks new powers to penalize tech giants: FT

Reuters – Reuters Editorial – Sep 19

(Reuters) - The European Union wants to arm itself with new powers to penalize big technology companies, the Financial Times reported on Sunday. The proposed plan includes forcing tech giants to break up or sell some of their European operations if…

2020 Forbes Blockchain 50 - Forbes Connect

Forbes – Sep 22

Leaders from the most widely used enterprise blockchain platforms will share their learnings as they discuss what the most successful companies using those platforms have in common Daniela Barbosa, Vice President, World Wide Alliances, Hyperledger…

Alibaba Cloud aims to expand market share in PH by training 50,000 IT workers

ABS-CBN.COM – Art Fuentes – Sep 20

MANILA - Alibaba Cloud is looking to further expand its market share in the cloud computing business in the Philippines by training 50,000 IT workers in its cloud ecosystem within the next 3 years. The company said it also aims to certify at least…

bmj.com - Under-reported relationship: a comparative study of pharmaceutical industry and patient organisation payment disclosures in the UK (2012-2016)

Under-reported relationship: a comparative study of pharmaceutical industry and patient organisation payment disclosures in the UK (2012-2016)

BMJ – Sep 20

We examine the under-reporting of pharmaceutical industry payments to patient organisations using large samples of donors and recipients over a period of time. We systematically compare the under-reporting by donors and recipients using five…