Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Flipkart Appoints New Tech Leaders To Drive AI, Fintech, And Engineering Innovation
Flipkart has strategically bolstered its technology leadership team with high-profile appointments in AI, data science, and fintech, aiming to enhance its digital commerce, payments, and financial services offerings for India's growing online…
Four Milestones Identified for XRP by Forbes Fintech 50 Alum Stronghold Japan
The Asian payments market is demonstrating a shift toward distributed ledger technologies, as regulatory trends show. In this context, experts from fintech platform Stronghold Japan, which was included in the prestigious Forbes FinTech 50 list, see…
As Credit Tightens, FinTechs Look to Deposits for Growth
They are trying to attract loyal customers and secure a cheaper, more durable source of capital to fund their lending businesses. The strategy reflects a broader evolution in FinTech business models. Products that once existed primarily to acquire…
FinTechs Use Cross-Border Payments to Court Small Businesses
There was a time when small businesses rarely sold outside their neighborhoods, much less their home state. That time is gone. Today's Main Street small- to medium-sized businesses (SMBs) are increasingly globally connected. “SMBs make…
Flipkart strengthens tech leadership with key hires across AI, engineering, fintech
E-commerce giant Flipkart on Friday announced high-profile appointments to its technology leadership team, signalling a deeper push into artificial intelligence, core engineering, and fintech capabilities. Goda Ramkumar joins as Vice President…
Industrials Up on Iran Optimism - Industrials Roundup
Shares of industrial and transportation companies rose as traders bet the sector would benefit from a peace deal between the U.S. and Iran. SpaceX shares rose by 20% after the largest stock-market debut in history. Shares of SpaceX's rivals in the…
Energy Down With Oil Futures - Energy Roundup
Shares of energy companies fell alongside oil futures amid indications that an extension of the U.S.-Iran cease-fire is close. The U.S., Iran and chief mediator Pakistan all agreed Friday that a peace deal to end the war was nearly complete, though…
Friedman Industries Shares Climb to All-Time High as Profit, Sales Jump
Friedman Industries shares notched an all-time high Friday, after the company logged a jump in fiscal fourth-quarter profit and sales. Shares of the pipe-manufacturing company rose 33% to $34.99 and earlier hit an all-time high of $36.26. The…
Paddy Power firm Flutter to ditch London stock market listing
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Paddy Power owner Flutter is to scrap its London listing…
Rocket, Satellite Stocks Gain Ahead of SpaceX's Stock-Market Debut
Shares of rocket, satellite and space-linked companies gained ahead of SpaceX's hotly-anticipated debut on the stock market. EchoStar gained 6.1% to $135.99 in premarket trading on Friday. Rocket Lab rose 5.1% and AST SpaceMobile rose 3.2%. Redwire…
World's First Net-Worth Trillionaire Shows Us How Markets Price The Future
Following the pricing of the SpaceX IPO, Elon Musk has become the world's first trillionaire, on paper. Most of Musk's wealth is not cash. It consists primarily of equity: ownership stakes in firms such as Tesla, SpaceX, and xAI. Markets are…
Health Care Down on Rotation Back to Tech - Health Care Roundup
Health-care companies ticked down as traders rotated back into the technology sector. The health-care sector was among the stronger industry groups earlier this week as investors rotated out of tech due to rate fears. The possibility of a peace…
Paddy Power owner scraps London listing in major blow to city's financial markets
Flutter, the owner of betting giants Paddy Power, Betfair, and SkyBet, is set to scrap its London listing, marking another significant blow to the capital's financial markets. The gambling giant will now fully concentrate on the New York market as…
Materials Up as Iran War Fears Abate - Materials Roundup
Producers of metals, grains and other raw materials rallied as Iran war fears subsided. The materials sector was one of the hardest hit by war and inflation fears because of its sensitivity to interest rates and foreign exchange. Gold futures…
Consumer Cos Flat as Traders Hedge on Rate Views - Consumer Roundup
Consumer companies were more or less flat as traders hedged their bets on the outlook for interest rates and inflation. Lennar shares fell after the home builder's quarterly earnings lagged some investors' expectations. Rate-sensitive builders were…
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