Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Qatar's General Authority of Endowments Partners with Global Islamic Fintech Wahed to Develop AI-Powered Shariah Equity Analysis Platform
Bringing together Wahed's global expertise in Islamic fintech and asset management with Awqaf's Shariah and investment expertise in endowment oversight, the initiative is designed to build a smarter, more efficient approach to screening and…
Tenn. Remittance Tax Is Unconstitutional, Fintech Group Says
A top fintech industry organization sued Wednesday to block an impending new Tennessee tax on outgoing international money transfers, challenging what the trade group contends is an unconstitutional toll on the... To view the full article, register…
Fintech lobbyist says Tennessee remittance tax is unconstitutional
Key insights: The Financial Technology Association is challenging Tennessee's cross-border remittance tax, claiming that it infringes on Congress' power to regulate foreign commerce. What's at stake: Payments companies like PayPal and Remitly have…
Fold Shares Jump 162% After Bitcoin Fintech Sells $45 Million in BTC, Wipes Out Debt
Fold Holdings, the Phoenix-based fintech company that lets consumers earn and spend Bitcoin through everyday financial products, announced Wednesday it has eliminated all of its secured debt and freed up $25 million in fresh capital by selling some…
Brazil's Central Bank Wants More Authority Amid FinTech Explosion
As Bloomberg News reported Wednesday (June 10), the bank is arguing that limited resources are hindering its oversight as the country's financial system grows more complex. A constitutional amendment that would give Banco Central do Brasil more…
Mexico Industrial Production Bounces Back in April
MEXICO CITY--Mexico's industrial production rebounded in April, posting its biggest monthly increase in more than five years on higher construction activity and manufacturing output. Industrial output rose 2.1% from March in seasonally-adjusted…
U.S. Futures Rise, European Stocks Mostly Climb
U.S. futures for the S&P 500 were up 0.6% and futures for the Dow Jones Industrial Average rose 0.6%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading.
Industrials Down on Inflation Worries - Industrials Roundup
Shares of industrial and transportation companies fell sharply amid inflation concerns. While the top-line reading of a 4.2% increase in the consumer price index was softer than economists had anticipated, one brokerage said the report suggested…
Flexsteel Industries Increases Quarterly Dividend by 25%
Flexsteel Industries said its board has approved a 25% increase to the quarterly dividend. The new dividend of 25 cents per share, up from 20 cents, will be payable July 6 to shareholders of record as of June 24, the furniture maker said. The…
Stocks to Watch: Oracle, Oxford Industries, Humacyte, PureCycle Technologies
Oracle reported a higher profit, buoyed by strong cloud revenue, but logged a decline in software revenue and said the buildout of its artificial-intelligence data-center infrastructure would pressure near-term margins. The stock declined 9.5%, to…
Aeropay To Leverage Jack Henry (JKHY)'s Embedded Payments Technology To Expand Its Instant Payment Capabilities
Jack Henry & Associates, Inc. (NASDAQ: JKHY), with a forward P/E of 18.02x and upside potential of 50.70%, is among the top 10 lowest forward P/E stocks in the S&P 500. The fintech platform provider announced two notable wins in quick succession…
Corpay: The Market Has Yet To Price In Its Most Important Catalyst (NYSE:CPAY)
Corpay is rated a buy with an FY 2026 price target of $389, implying 9% upside, driven by robust Corporate Payments growth. Q1 revenue grew 25% YoY to $1.26B, with adjusted EPS up 29% and aEBITDA up 24%, reflecting strong execution in core…
The Summer Correction Is Here With A Lot Riding On The Stock Market
The ongoing Iran war and surging energy prices are driving headline inflation higher, with CPI up 0.5% last month to a 4.2% annualized rate. Core inflation remains subdued at 2.9% annualized, reducing the likelihood of a Fed rate hike unless the…
Enliven Shares Climb on Positive Leukemia Drug Trial Data
Enliven Therapeutics's shares jumped after the company released positive early data on the latest trial of its leukemia drug and said regulators green lit the design of a final large-scale study. The stock was up 26% at $46.60 in premarket trading.
Merck Bolsters Animal-Health Unit With Deal to Buy Targan
Merck & Co. has agreed to buy agricultural-technology company Targan for an undisclosed amount in a deal that expands the drugmaker's animal-health business. Merck on Thursday said the acquisition, slated to close in the third quarter, adds…
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