Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Fintech Must Treat Phone Number Authentication As Infrastructure
Gegham Azatyan cofounded Dexatel in 2015, innovating in CPaaS and omnichannel solutions for secure business growth. Anthropologists have a concept called 'social silence'—the things a community agrees, without discussion, not to examine too…
How the boss of Zilch became UK fintech's power broker
Last year, Zilch founder Philip Belamant sat down with then-boss of Monzo, TS Anil. As the two friends caught up, Belamant was fizzing with ideas to turn his $2bn British fintech into a global powerhouse, according to sources familiar with the…
Industrials Down as Oil Rebound Weighs on Transports - Industrials Roundup
Shares of industrial and transportation companies fell after a rebound in oil futures weighed on some freight firms. Shares of package-delivery giants UPS and FedEx fell. Defense contractors initially rose after President Trump declared the…
Fertilizer Company CF Industries Raises Dividend by 20%
CF Industries Holdings said its board has approved a 20% increase to the company's quarterly dividend. The board's action raises the quarterly dividend to 60 cents per share, or $2.40 annually, from the previous quarterly dividend of 50 cents. The…
U.S. Futures, European Stocks Edge Lower
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.7% in morning…
Why Entrepreneurs Who Master the Art of the Value Chain Have a Greater Advantage
Entrepreneurs should view a product or service as a composition of constituent parts that add value to one another in order to satisfy a defined set of requirements, not as a single entity. I refer to this perspective as the art of the value chain.
Energy Up as Trump Warns of Return to War in Iran - Energy Roundup
Shares of energy companies rose after President Trump said he believed his ceasefire deal with Iran was over and that the U.S. would likely carry out more strikes soon. The latest tensions began with Iranian attacks on ships in the Strait of…
Consumer Cos Down on Oil Fears - Consumer Roundup
Consumer companies fell sharply as oil futures rebounded due to renewed warfare in the Middle East. The U.S. Global Jets exchange-traded fund, which tracks the shares of major airlines, fell by more than 2%. A 'few' Federal Reserve officials said…
Health Care Down on Consumer Spending Concerns - Health Care Roundup
Health-care companies fell amid fears about the outlook for consumer spending. Obesity drug maker Eli Lilly gave back some of its recent gains, but remained near record highs. Ruthia He, the founder and chief executive of startup Done Global, which…
Financials Down on Credit Concerns - Financials Roundup
Shares of banks and other financial institutions fell as rising Treasury yields put stress on risky areas of the credit markets. JPMorgan Chase said it was establishing a new team of investment bankers focused on small-cap companies valued at…
Napco Promotes Kevin Buchel to CEO
Napco Security Technologies promoted President and Chief Operating Officer Kevin Buchel to chief executive officer, succeeding Richard Soloway. Soloway, who founded Napco more than 55 years ago, will become executive chairman of the board. Buchel…
IsoEnergy Resumes Drilling at Saskatchewan Uranium Project After Temporary Suspension
IsoEnergy has resumed exploration at its Larocque East uranium project in northern Saskatchewan following an evacuation of personnel due to the threat of nearby wildfires. The Canadian company said Wednesday it is continuing with its summer…
Marsh Raises Quarterly Dividend by 10%
Marsh's board has raised the professional-services firm's quarterly dividend by 10%, to 99 cents from 90 cents. The new payout, equal to $3.96 a year, represents an annual yield of 2.2% based on Wednesday's trading price of $179.22, up from 2%. The…
Tech Up as AI Fears Subside - Tech Roundup
Shares of technology companies rose as chip makers recouped some recent losses and fears about the sustainability of an artificial-intelligence boom subsided. Apple ramped up investment in U.S.-made semiconductors, agreeing to order more than $30…
MDA Space to Acquire CLS
MDA Space said it will acquire a majority interest in Collecte Localisation Satellites, or CLS, a provider of AI-driven Earth observation services and satellite solutions. Headquartered in Toulouse, France with 40 sites worldwide, CLS is a…
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