Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Bullish, Alpaca and Apex Fintech form coalition to push issuer-backed tokenized stocks
Bullish (BLSH), Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth have formed a new industry group focused on building standards for tokenized securities that remain directly tied to the companies that issue them. The Issuer Sponsored Token…
It's not just the Fed: Small biz fintechs feel the pinch
Key insight: The Federal Reserve's recent rate hike, as well as possible additional rate hikes in the future, should raise costs for small businesses. What's at stake: Payment fintechs say the added interest rate pressure could delay tech…
Why AI models favor fintechs over traditional banks
Key insight: A study found that large language models endorse fintechs for small-business banking far more than they recommend traditional banks. What's at stake: Banks could become invisible to entrepreneurs starting new businesses. Forward look:…
Buzzing stocks today: Tata Group, PB Fintech, JSW Cement and 10 other stocks in focus
Tata Group stocks will remain in focus amid a keen tussle among top stakeholders. Legal opinions obtained by Tata Sons support the validity of N Chandrasekaran's reappointment as chairman for a third five-year term, saying the provision in the…
PB Fintech put option buyers laughing all the way to the bank
Put option traders of PB Fintech, particularly buyers, have plenty of reason to smile on Thursday, as the premiums surged dramatically following the sharp decline in the underlying asset's value. The share price of PB Fintech on the NSE crashed 36…
Industrial Shares Slip Amid Rising Borrowing Costs -- Industrials Roundup
Shares of industrial companies fell as rising yields challenged their ability to finance operations. Boeing investors fretted over reports that the summit between President Trump and Chinese President Xi was unlikely to yield a new order for the…
Why PB Fintech, HDFC Life, SBI Life, ICICI Pru, LIC stocks in focus after IRDAI reform
Shares of insurance companies and financial stocks came under pressure on Thursday following a set of proposed insurance distribution reforms by the Insurance Regulatory and Development Authority of India (IRDAI). HDFC Life, SBI Life, ICICI…
Healthcare Stocks Rise Despite Broad Market Selloff -- Healthcare Roundup
The healthcare sector was one of the few to escape another losing day in U.S. stocks. Grail received a favorable vote from a Food and Drug Administration panel regarding premarket approval for its Galleri multi-cancer early detection test. The…
Can prediction markets create the future they predict?
Prediction market platforms allow people to bet on real-world events like politics, culture, economics, war, and sports. Their defining feature is the buying and selling of contracts. They operate on a peer-to-peer model in which participants buy…
India's biggest payments app PhonePe enters UAE
The Emirates' largest expat group will soon pay bills the way they did back home. PhonePe, India's biggest payments app, won approval from the UAE Central Bank to launch in the country, the Walmart-backed company's first move abroad. It will offer…
Financial Shares Close Little Changed as Bonds Selloff Eases -- Financials Roundup
Shares in the financial sector pared losses to close slightly up as bond yields rose at a much slower pace than on Wednesday. Concerns over inflation and government debt, however, continued to loom. Citigroup announced a new effort to incentivize…
Ecopetrol Names Joaquín Gutiérrez Caballero as CEO
Ecopetrol named businessman Joaquín Gutiérrez Caballero as chief executive. Caballero will start on Sept. 28, succeeding interim Camilo Barco. His priorities will include advancing Ecopetrol's renewal through initiatives designed to…
Stocks to Watch: Akamai, Scholastic, Prime Medicine
Akamai Technologies struck an $11.6 billion deal with Anthropic for its computing services. Shares rallied 22% to $134.88 in after-hours trading Thursday. Scholastic logged lower sales in its first fiscal quarter, citing tighter school budgets. The…
Utilities Shares Decline Amid Rising Energy Costs -- Utilities Roundup
Utility companies face a troubling outlook as energy costs keep rising. U.S. natural gas futures posted their biggest-single-day gain since January as a pipeline outage Thursday in West Virginia led to supply disruptions. TC Energy said it detected…
DOE Selects CenterPoint Energy Selected for $50M Grant for Greater Houston Upgrade
CenterPoint Energy was selected by the Energy Department for a $50 million award to support substation technology upgrades. The award is meant to help fund and support CenterPoint's ongoing efforts to strengthen electric reliability and resiliency…
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