Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The AI Race In Fintech Comes Down To One Thing: Trust
Dhivya Suryadevara, President of Fiserv, Inc. 'The winners of the AI revolution? Those companies haven't been determined yet,' said Jose Rasco, Chief Investment Officer at HSBC, at a press event in New York on Wednesday. 'Remember, Google didn't go…
Global fintech Capital.com enters SA market
Travis Robson, CEO, Capital.com South Africa. Global fintech group and trading platform Capital.com has entered the South African market after securing regulatory approval from the Financial Sector Conduct Authority (FSCA). The group is an…
Citywealth: island's fintech shifts towards integration
c8f2b4a4-0ac7-4075-8953-efafbc1dc434 Cryptocurrency is no longer a stand-alone market in Bermuda, says Citywealth Bermuda's financial services sector is focused on bringing digital-asset technology into wealth, insurance and investment structures…
Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million in a Series H round at an $11 billion valuation. The Melbourne-founded fintech seeks to accelerate its push into AI-driven autonomous finance. Airwallex has faced growing scrutiny over its ties to China amid broader…
Meta's investment in CRED: What the deal means for India's fintech sector
Meta, the parent company that owns Facebook, Instagram, and WhatsApp, announced earlier this week that it has made a $900 million investment in Bengaluru-based startup Cred. Cred is a fintech startup founded by Kunal Shah, who now will take over as…
Fintech Airwallex Valued At $11B After $320M Funding Round
Airwallex on Thursday announced that its valuation hit $11 billion after it raised $320 million in the latest investor funding round, capital that the fintech firm said will be used to... To view the full article, register now. Already a…
U.S. Futures Mixed, European Stocks Fall
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.4% in morning…
Industrial Shares Rise Amid U.S. Economic Resilience -- Industrials Roundup
Shares of U.S. manufacturers and transportation companies rose as the U.S. economy showed signs of resilience, with first-quarter GDP growth revised higher, while investors rotated away from tech names. The Pentagon awarded Lockheed Martin a…
How Digital Money Is Changing The Future Of Global Payments
Michael Salerno, Head of Global Banking & Institutional Payments, leading international payments, FX & trade finance solutions at FNBO. Global payments are becoming faster, richer in data and increasingly digital. While instant settlement and…
Forbes Daily: OpenAI May Delay Its IPO After SpaceX's Rocky Start
The market for hot sauce is heating up —and spicy Southern staple Crystal is capitalizing on the opportunity. Alvin “Pepper” Baumer, the third-generation owner and CEO of Baumer Foods, which makes Crystal, has grown his…
Canada's financial system enters a digital turning point
Canada's financial services sector, long characterised by stability and concentration among a handful of large banks, is undergoing a decisive digital transformation. Over the past 18 months, a confluence of regulatory reform, infrastructure…
Fortrea Holdings CFO to Depart, Successor to Join in July
Fortrea Holdings said its chief financial officer is stepping down and that her successor is set to take over next month. The contract-research company on Friday said that Jill McConnell is departing and committed to a smooth transition. Jason…
CUHK and tech giant Xiaomi forge strategic partnership to bring academic research to the consumer market
The Chinese University of Hong Kong and global technology giant Xiaomi have established a new strategic partnership aimed at transforming cutting-edge academic research into real-world technological applications. SCROLL TO CONTINUE WITH CONTENT…
Sinda IPO Priced at $12 a Share
Sinda said its initial public offering has been priced at $12 a share. The silver-mining company said Thursday night that it would sell about 17.8 million shares at that price. Underwriters have a 30-day option to buy an additional 2.66 million…
Elroy Air to Go Public Via SPAC Combination
The autonomous heavy-cargo drone maker Elroy Air is set to hit the public markets by merging with a special purpose acquisition company. Blank-check company Columbus Circle Capital said Friday that it would combine with Elroy in a deal set to close…
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