Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Citizens' payment exec on how banks can coexist with fintechs
Key insight: Payments veteran Matt Valente has joined Citizens to help lead business payments and partnerships. Expert quote: 'Embedded finance for us is central to meeting clients where they are. It's the best of both the banking and fintech…
Overall Alumina Market Remains Constructive, Alcoa CEO Says -- Market Talk
The alumina market remains overall constructive, Alcoa CEO Bill Oplinger says on a call with analysts Thursday. The market tightened a bit outside of China during the recent quarter, which pushed the alumina price index up sequentially to $370 per…
Caterpillar Resource Industries President Denise Johnson to Retire
Caterpillar's group president of resource industries, Denise Johnson, is retiring after 25 years with the construction- and mining-equipment maker. Caterpillar on Thursday said Derrick York, who currently serves as senior vice president of the…
Saab Completes First Phase of Underwater Drone Project
STOCKHOLM--Saab said that following sea trials, it has completed the first phase of its Large Uncrewed Underwater Vehicle project, with the next phase expected to focus on developing more advanced capabilities. The Swedish defense company said…
Kits Eyecare Chief Operating Officer Joseph Thompson Shifts to Advisory Role
Kits Eyecare co-founder Joseph Thompson has transitioned from chief operating officer to an advisory role, the Canadian eyewear company said Thursday. Co-founder Roger Hardy remains chairman and chief executive of Kits, leading the company's…
Adobe, Nvidia Expand Partnership to Speed AI-Powered Creative Tools
Adobe and Nvidia are expanding their partnership, working to speed up artificial-intelligence-powered features across Adobe's creative software and cloud-based platforms. Adobe will optimize its flagship applications, including Photoshop, Premiere…
City Therapeutics Upsized IPO Priced at Middle of Views
Shares of City Therapeutics are set to make their trading debut Friday after the clinical-stage biotechnology's upsized initial public offering was priced at the midpoint of expectations, raising about $200 million. City late Thursday said it is…
Ionis Pharmaceuticals Gets CHMP Backing for Tryngolza in Severe Hypertriglyceridemia.
Ionis Pharmaceuticals said a key European regulatory committee has recommended expanded approval of its Tryngolza drug for people with severe hypertriglyceridemia. Ionis on Friday said the recommendation from the European Medicines Agency's…
International Seaways to Buy Bruton for About $370 Million
Tanker company International Seaways has agreed to buy Bruton in a series of transactions that values its smaller peer at about $370 million. International Seaways on Friday said the acquisition would add Bruton's four very large crude carrier, or…
Omeros Says European Medicines Agency Upholds Negative Opinion on Narsoplimab Application
A committee from the European Medicines Agency upheld its negative opinion on Omeros' marketing authorization application for narsoplimab, a treatment for hematopoietic stem cell transplant-associated thrombotic microangiopathy. The EMA's Committee…
Communications Services Up on Rotation From Tech -- Communications Services Roundup
Communications-services companies rose as traders rotate out of the technology sector into some laggards. Shares of Skydance, AT&T and Netflix, all of which have struggled this year, rose on Thursday in a broad rotation. Write to Rob Curran at…
Utilities Down, But not by Much, as Yields Plunge -- Utilities Roundup
Shares of power producers fell, but finished near the flat line, as Treasury yields plunged. Yields on long-term 10-year and 30-year Treasurys saw their biggest declines in more than a year. Write to Rob Curran at rob.curran@dowjones.com Copyright…
Tech Down on AI Credit Fears -- Tech Roundup
Shares of technology companies fell slightly on a volatile session amid fears about the sustainability of the artificial-intelligence boom. The Kospi index in South Korea fell by 7.6% overnight. Taiwan Semiconductor fell despite logging robust…
Prediction: Here's What $1,000 Invested in Nu Holdings Today Could Be Worth by 2030
For customers, the financial services industry in Latin America used to be slow, expensive, and frustrating. Nu Holdings (NU -0.10%) is fixing that. With 139 million total customers (as of June 30), it has become a digital banking powerhouse that…
Stocks to Watch: J.B. Hunt, Varonis Systems, Strata Critical Medical, SITE Centers
J.B. Hunt Transport Services's third-quarter profit came in lower than the second quarter as the company looks to offset cost pressures with price increases. Shares declined 2.3% to $229.87 after Thursday's closing bell. Varonis Systems agreed to…
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