Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Fed proposes limited payment accounts for fintechs, others
The US Federal Reserve proposed Wednesday adopting a new, more limited form of a payment account that would allow firms like fintechs to move money across the Fed's payment rails without enjoying all the backstops available to traditional banks.
Cinkciarz.pl CEO Detained in US as Polish Fintech Fraud Probe Tops $50 Million
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ASIC Warns of 'Lost Generation' Risk if Australia Falls Behind on Fintech and AI
Chairman Joe Longo says the regulator wants to be a backer rather than a blocker. In the meantime, around half the market declined to take part in the watchdog's recent tokenization survey. Australia risks producing a 'lost generation' of citizens…
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Travel Fintech Startup Scapia Secures $63 Million Funding Round
Scapia has raised $63 million in a fresh funding round led by General Catalyst, with participation from existing investors Peak XV Partners and Z47, as the travel-focused fintech looks to deepen its presence in India's fast-growing consumer travel…
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Aurionpro Secures $33 Million US Fintech Deal for AI-Led Payment Solutions
Aurionpro Solutions has announced one of its largest wins in the US market after securing a strategic three-year fintech engagement valued at more than $33 million with a leading US-based digital insurance payments platform. The deal will be…
Beyond a sleek interface: The new wave of European fintech
Over the last 15 years, the fintech sector has transformed, from early digital extensions of physical bank branches to the rise of neobanks focused on sleek, easy-to-use interfaces. According to Sifted data, a staggering €13bn flowed into…
Aurionpro wins largest US fintech deal worth over $33 million
IT company Aurionpro has won its largest order worth USD 33 million in the US, the company said on Thursday. Without disclosing the name of the client, Aurionpro said that it has bagged the deal through its US-based subsidiary, Aurionpro Fintech…
'Prediction Markets Are a Vital Source of Information for Our Customers': IBKR's Founder Says
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Industrials Up Amid Mixed Data -- Industrials Roundup
Shares of industrial and transportation companies rose amid mixed economic data. New weekly jobless claims fell, according to the latest tally from the U.S. Labor Department. Shares of agricultural-machinery maker Deere slid after strong…
Admiral Markets to Repurchase Remaining Bonds, Mulls Delisting from Nasdaq Tallinn
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Toast (TOST) Launches Toast IQ Grow AI-Powered Marketing Solution for $499 per Month
Toast Inc. (NYSE: TOST) is one of the best low priced stocks to buy for the next 3 years. On May 5, Toast launched Toast IQ Grow, an AI-powered marketing solution priced at $499 per month. The platform features an AI Marketing Agent that automates…
The cashless myth is distracting fintech from a bigger infrastructure challenge - Retail Banker International
For years, the payments debate has been framed as if the ending has already been written: cash down, digital up, and a cashless economy waiting just around the corner. Digital payments have changed the way people pay, bank and run businesses.
Webull Revenue Jumps 36% on Trading Surge, But Costs Push Firm to Loss
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Travel fintech company Scapia raises $63 m led by General Catalyst; existing Investors Peak XV Partners, Z47 participate
Travel fintech company Scapia has raised $63 million in a round led by General Catalyst, with continued participation from existing investors Peak XV Partners and Z47. The company will deploy the funds to expand its product portfolio across its…
General Catalyst just led a $63M bet on India's travel payments market
Scapia, an Indian startup that combines travel booking with co-branded credit cards and mobile payments, has raised $63 million in a funding round led by General Catalyst, with existing investors Peak XV Partners and Z47 also participating. The…
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