Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
UAE's remittance fintechs need to track what is happening at 'salary level': LuLu Exchange's MD
Dubai: Fintech companies focussed on remittance services will need to know ‘what happens at the salary level', according to LuLu Exchange's Adeeb Ahamed. This will naturally ‘lead to better fintech products that keep end-consumer in…
How FinTech Companies Can Use a Modern Data Stack to Gain a Competitive Advantage
Big data is a big advantage for FinTech companies and financial institutions – more so when non-technical business users can access data and use it in their day-to-day work. According to a report from IBM, 71% of banking and financial…
For Brazilian shareholders, Nubank's IPO has a bitter aftertaste
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. In 2021, we wondered whether Brazil could be in…
Market turbulence, inflation, geopolitical uncertainty prompt dip in fintech investment: KPMG
Global investment in fintech tumbled in the first half of 2022 as investors contended with geopolitical uncertainty, turbulence in the public markets, scorching hot inflation and rising interest rates. According to KPMG's Pulse of Fintech report…
This Week in Apps: YouTube takes on TikTok, Spotify adds audiobooks, BeReal takes a dive
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the…
Opinion: Discovering CT's business turnaround
Last week, we hosted a unique economic development forum at Yale. It included the state's largest employers, such as Sikorsky, Pratt & Whitney, Xerox, Travelers, Charter Communications and Ethan Allen Designs; thriving new fintech and biotech such…
How the airline industry plans to wean itself off one billion tons of carbon emissions
The airline industry likes to point out that it is responsible for 'just' 2% of CO2 emissions globally. But as the auto industry is transformed rapidly by electric vehicles, aviation's share will grow, especially if projections for air travel to…
Tiger Global, fickle checks and the difficulty of acceleration
Image Credits: Bryce Durbin / TechCrunch Welcome to Startups Weekly, a fresh human-first take on this week's startup news and trends. To get this in your inbox, subscribe here. When On Deck had to cut its staff twice within a matter of months, its…
KKR Blockchain Access To $4 Billion Fund Opens Door To Crypto Investors
As the U.S. Securities Exchange Commission (SEC) cracks down on noncompliant Wild West cryptocurrency firms, a new breed of blockchain application, created from the ground up to be securities, is emerging to meet demand. This month private-equity…
3 Red Flags for Block's Future
Block 's (SQ 0.61%) stock plunged nearly 80% over the past 12 months as the fintech giant disappointed investors with its dismal growth rates. Rising interest rates exacerbated the pain by crushing higher-growth tech stocks. Some investors might be…
Weekly Crypto Roundup: UK's crackdown, Iran's CBDC, and crypto carbon credits
On Friday, Bitcoin was close to falling under the $19,000 level while Ether was hovering above the $1,300 level. Law enforcement bodies around the world are concerned by the role cryptocurrency plays in money laundering. Sanctioned platforms like…
Pakistan arms supply to Ukraine if true will have serious implications for Russia-Pak ties
Russian Envoy to India Denis Alipov on Friday asserted that if reports of arms supply by Pakistan to Ukraine are confirmed it will have serious and negative implications for Russia-Pak ties. “Russia has taken serious note of reports of arms…
Africa: Inclusion, Inequality, and the Fourth Industrial Revolution in Africa
Adoption of Fourth-Industrial-Revolution (4IR) technologies in sub-Saharan Africa could bring not only substantial economic growth and welfare benefits, but also social and economic disruption, including widening inequality if countervailing…
Silvergate Capital's Visionary Leadership Has Outsmarted the Big Banks
Imagine a banker in 2013, trying to see into the future. Visionary banker: 'I see the future. There is no money in the future. It is electronic payments.' Customer: 'You're freaking me out, man.' Visionary banker: 'We need to build a platform for…
Chase Makes Over $5 Billion On Credit Cards, Wants To Drive That To Zero
Chase earns over $5 billion in revenue from its credit card portfolio per year, but they've made it a corporate priority to build a product that's intended to kill the credit card business. And CEO Jamie Dimon threatened to fire senior leaders who…
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