Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Bitpanda launches blockchain for tokenized assets aimed at European banks, fintechs
Vienna-based crypto broker Bitpanda is launching a new blockchain network aimed at bringing tokenized assets into Europe's regulated financial system, as institutions look to move toward always-on markets. The company said Wednesday that its…
Fintech startup Kiwi appoints Sumeet Basrani as Chief Business Officer
Kiwi, a fintech startup, appointed Sumeet Basrani as Chief Business Officer, as the company focuses on expanding the distribution of credit on UPI through partnerships with banks and digital ecosystem players. The appointment comes as Kiwi moves…
Fintech Stocks To Follow Today - March 25th
3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound Rocket Companies, Joint Stock Company Kaspi.kz, Wealthfront, UP Fintech, and LexinFintech are the five Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech…
Cross-border fintech Hanpass surges on Kosdaq debut
Hanpass, a South Korean fintech firm specializing in overseas remittances for foreign residents, soared on the tech-heavy Kosdaq upon its market debut Wednesday, paving the way for global expansion. The stock traded at 41,000 won ($27) on the…
Industrials Up Amid Iran Peace Hopes -- Industrials Roundup
Shares of industrial and transportation companies rose amid hopes for a breakthrough in Iran peace negotiations. German chemicals firm BASF said it was raising prices sharply for more of its products, adding to a rash of price hikes among chemical…
Energy Down With Oil Futures on Peace Hopes -- Energy Roundup
Shares of energy companies slipped alongside oil futures amid hopes for negotiations between the U.S. and Iran. West Texas Intermediate crude declined 2.2% to $90.32 a barrel after reports that mediators from Egypt, Pakistan and elsewhere were…
Only $500K+ Traders Make Money on Prediction Markets, Report Finds
Retail traders post deeper losses on prediction markets than on sportsbooks, according to the report. Performance is concentrated at the top, with most users consistently losing money. Retail users on prediction markets are losing money at a higher…
SLB, Nvidia Expand Collaboration on AI Use in Energy Industry
SLB and Nvidia have expanded the two companies' collaboration aiming to design and deploy AI infrastructure and models for the energy industry. The partnership intends to help energy companies transform the vast amounts of operational data they…
Russia Postpones Telegram and YouTube Ad Ban, Easing Pressure on Online Marketing
It follows reports that FAS had pursued criminal cases against bloggers who placed advertisements on Telegram and YouTube. Earlier, Russia opened a criminal investigation into Telegram founder Pavel Durov. Russia has delayed enforcement of a new…
Anavex Withdraws European Marketing Application for Drug to Treat Early Alzheimer's
Anavex Life Sciences withdrew its application for the marketing authorization of its blarcamesine drug in the European Union as an add-on therapy for the treatment of early Alzheimer's disease. Shares were down 15% to $3.58 in premarket trading. A…
Ex-New Zealand Prime Minister Bill English Takes Helm of Airwallex's NZ Board
Airwallex's global annualized transaction volume reportedly reached about $200 billion last year, up 92% year-on-year. The firm obtained a MiFID investment firm license from the Dutch Authority for the Financial Markets. Global financial technology…
POET Technologies: A Phoenix From The Ashes (Financials/Dilution Deep-Dive)
POET Technologies has executed significant capital raises, now holding cash equal to half its market capitalization. Despite nearly quadrupling its share count in two years, POET maintains modest cash outflows and has not used the capital to cover…
Congress introduces bills to restrict prediction markets
Key insight: Lawmakers are attempting to restrict prediction markets in the U.S. with multiple newly introduced bills, even as the CFTC is issuing its own proposed rule for the platforms. What's at stake: Prediction markets like Kalshi are…
Robinhood Backs Itself With $1.5 Billion Share Buyback as Stock Declines
Shares have fallen nearly 40% this year but rebounded slightly after reaching their lowest point. Robinhood has announced a new $1.5 billion stock repurchase plan, coming as crypto and tech markets face pressure from wider geopolitical and economic…
Siren Coin Back Above $2.2 After Surging 116% In 24H. Will This Memecoin Reach $3.5?
On Wednesday, SIREN coin, a BSC-based memecoin, surged by more than 110% after falling from $2.5 to a low of $0.79. The fall came after an analyst on Bubblemaps revealed a possible price manipulation and dump. It was seen that SIREN supply has a…
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