Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Kobalt Labs Raises $12.7 Million As AI Agents Hit Fintech Compliance
Kobalt Labs Co-Founders Ashi Agrawal and Kalyani Ramadurgam Kobalt Labs has raised a total funding of $12.7 million to automate one of the fintech sector's most stubborn bottlenecks: compliance work that still runs on spreadsheets, screenshots, and…
AI is key driver behind layoffs at fintech company Block, CEO says
BANGKOK (AP) — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use…
Fintech firm Block fires 4,000, touts AI | Arkansas Democrat Gazette
BANGKOK -- Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of…
Top Fintech Stocks To Watch Now - February 27th
3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound Rocket Companies, Joint Stock Company Kaspi.kz, Wealthfront, UP Fintech, PPDAI Group, IDT, and DeFi Development are the seven Fintech stocks to watch today, according to MarketBeat's stock…
SF-Based Fintech Block Lays Off Nearly Half Its Staff, Because of AI
It could be the first of many canaries in this coal mine, but Block, which operates the ubiquitous Square point-of-sale systems as well as CashApp and other enterprises, announced a mass layoff on Thursday. And CEO Jack Dorsey is making no secret…
Interview: Unlimit's Yulia Shevchenko on the regulatory reality behind global fintech expansion - Retail Banker International
With 11 years at global fintech Unlimit, Yulia Shevchenko has helped lead licensing and regulatory authorisations across Europe, the UK, the US, Asia and Africa. It has given her a front-line view into how payments products must be rebuilt…
PureCycle Technologies Skids on 4Q Revenue Miss, New Financial Chief
Shares of PureCycle Technologies fell after the recycling-technology company recorded fourth-quarter revenue below Wall Street expectations and brought in a new chief financial officer. The stock dropped 25%, to $6.10, Friday afternoon and is down…
Jack Dorsey's Oakland-based fintech company Block laying off 4,000 of its 10,000 staff over Artificial Intelligence shift
OAKLAND, Calif. -- Shares in the Oakland-based financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize…
Why Block is trending | CNN Business
Block, the company behind Square, Cash App and Afterpay, is laying off more than 4,000 people. CNN's Hadas Gold explains why Block CEO Jack Dorsey is making the decision to fire 40% of the fintech company's workforce and why he expects other…
Q2 Holdings, Inc. (QTWO): A Bull Case Theory
We came across a bullish thesis on Q2 Holdings, Inc. on Danny's Substack by Danny Green. In this article, we will summarize the bulls' thesis on QTWO. Q2 Holdings, Inc.'s share was trading at $51.70 as of February 19th. QTWO's trailing and forward…
This Week's Market Wrap: Tariffs, AI, And A Market On Edge
Trade escalation and a hotter PPI print reintroduced policy uncertainty and pressured rate expectations, driving sharp rotations across sectors and market caps. AI infrastructure leaders delivered outsized growth and multibillion-dollar deployment…
What 20 Years of Building Fintech Systems Before AI Taught Me That No Tool Ever Will
I started my career when “googling the error” wasn't an option. No Stack Overflow. No AI pair programmer. No cloud auto-scaling. Just you, the whiteboard, and the brutal reality that if your architecture was wrong — real…
Nymex Overview: Oil Futures Climb on Continued Tensions Between the US and Iran -- OPIS
Crude oil contracts were up at midday Friday on renewed concerns over U.S.-Iran tensions and as the front-month Brent, RBOB, and ULSD are set to expire at the end of the day. The NYMEX April West Texas Intermediate contract was up $1.27 at…
U.S. IPO Weekly Recap: Asthma-Focused Generate Biomedicines Closes Out February IPO Market
One IPO and six SPACs came to market this past week, and one major issuer joined the pipeline as February comes to a close. One large IPO is currently scheduled in the week ahead, although some smaller issuers may join the calendar throughout the…
Will Bitcoin Hit $60,000 Amid US- Israel Strike on Iran? Altcoins Also React
View Non-AMP After a week of bullish optimism around Bitcoin, the Cryptocurrency has experienced a new shock amid geopolitical tensions. BTC dips to $ 64,000 on the last day of the month, down 6% in 24 hours. The asset has hit its lowest since…
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