Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Nasdaq 3Q Net Up on Strong Financial Technology Demand
The New York financial technology and stock exchange company posted earnings of $540 million, or 96 cents a share, up from $423 million, or 73 cents a share, a year earlier. Stripping out certain one-off items, Nasdaq posted adjusted earnings per…
UK Fintech Revolut Expected to Issue Debt in 2027, S&P Says
UK digital bank Revolut Ltd. is expected to tap investors for debt next year and build a buffer to absorb potential losses, according to a report from S&P Global Ratings. S&P has given Revolut an investment-grade rating of BBB+, the ratings firm…
Fintech startup Coast raises $35 million to better track what workers do with company credit cards
Getting the job done means trusting workers to spend company money—and keeping track of where it goes. In industries like plumbing and construction, employees often carry company cards to buy fuel and supplies, while office staff sort…
Nasdaq Revenue Rises 14% as Financial Technology Business Expands
Net revenue rose 14% on an organic basis to $1.5 billion in the quarter ended Sept. 30, Nasdaq said in a press release. Solutions revenue, which includes its Capital Access Platforms and Financial Technology businesses, increased 18% organically to…
FinTechs Face Tough Licensing Choices as They Outgrow Early Setups
That growing pain is the focus of a Thursday (Oct. 22) article by attorneys Bryan Reyhani and Cristofer Kelman of law firm Taft that appeared on Mondaq. FinTechs often hit a turning point when their current licenses and partners no longer fit how…
Industrials Down on Flight From Risk - Industrials Roundup
Shares of industrial and transportation companies fell sharply as traders rotated out of cyclical sectors. Shares of Dow Inc. rose sharply after the chemical giant posted third-quarter growth in earnings and sales, reflecting higher plastics prices…
U.S. Jobless Claims Return to Downward Trend
U.S. jobless claims resumed their downslide after breaking a monthlong decline last week, reinforcing expectations for another interest-rate hike this year. The number of people who filed for unemployment benefits was 194,000 in the week through…
OASES' latest partner signing marks a strategic leap, but even greater synergy awaits
Hong Kong's ambition to reinvent itself as a global innovation and technology hub achieved a significant milestone on October 22 with the Office for Attracting Strategic Enterprises welcoming 18 new partners. Spanning sectors like artificial…
Stocks to Watch: Deckers, Sallie Mae, Western Digital, Bloom Energy
Deckers Outdoor cut its outlook, citing a highly promotional shoe industry. Shares slid 7% to $79.15 in after-hours trading Thursday. Sallie Mae lowered its outlook after logging higher charge-offs in the latest quarter. The stock declined 5% to…
Seacoast Banking Corp. of Florida Boosts Dividend by 5.3%
Seacoast Banking Corp. of Florida is boosting its quarterly dividend by 5.3% to 20 cents a share, up from 19 cents a share. The new payout, equal to 80 cents a year, represents a 2.4% annual yield based on the company's Thursday closing price of…
Communications Services Down, but not by Much, on Flight From Risk - Communications Services Roundup
Communications-services companies fell, but not by as much as the broad market, as traders fled risky sectors. Cable giant Comcast said it would take a $1 billion-plus charge in the fourth quarter as it embarks on a restructuring plan. Shares rose.
Health Care Cos Up on Defensive Bias - Health Care Roundup
Health-care companies rose as traders rotated into defensive sectors and out of artificial-intelligence bets. Moderna shares plunged after details from a closely guarded mRNA-based cancer-vaccine study were shared on social media. In August…
MetroCity Bankshares Ups Quarterly Dividend by 6.9%
MetroCity Bankshares is boosting its quarterly dividend by 6.9% to 31 cents a share, up from 29 cents. The new payout, equal to $1.24 a year, represents a 3.6% annual yield based on the company's Thursday opening price of $34.51. The dividend will…
Utilities Up as Tech Rout Sparks Safe Haven Demand - Utilities Roundup
Shares of power producers rallied as traders rotated out of the tech sector and into safe havens. Treasury yields dropped sharply due to the rush to quality. That took downward pressure off the utility sector, which is particularly sensitive to…
RingCentral Shares Rise on Lifted Outlook
RingCentral shares climbed after the company raised its full-year outlook. The stock advanced 13% to $90 in after-hours trading. Through the close, shares had nearly tripled this year. The company, which provides AI voice assistants and meeting…
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