Fintech Industry News

A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

techcrunch.com - Trends and Big Ideas Shaping Fintech in 2023 • TechCrunch
Trends and Big Ideas Shaping Fintech in 2023 • TechCrunch
TechCrunch

At Visa, we see our work with fintechs as one of our greatest opportunities. Fintechs are changing the game, reinventing the ways consumers manage their finances, and businesses manage their operations. As we begin 2023, we're excited to see new…

cnbc.com - Ryan Browne - $6.6 billion-worth fintech Wise accused by rival of harming competition
$6.6 billion-worth fintech Wise accused by rival of harming competition
CNBC

Wise was accused on Friday of harming competition in the money transfer market by delisting a rival, Atlantic Money, from its foreign exchange fee comparison tool. In a letter to the U.K. Competition and Markets Authority, Atlantic Money said…

businessinsider.com - Paige Hagy - The future of due diligence in the wake of FTX and Frank
The future of due diligence in the wake of FTX and Frank
Business Insider

Recent fraud allegations on Wall Street have put M&A due-diligence teams under a microscope. After years of breakneck M&A, experts say deals will be put through more scrutiny. Insider spoke with 13 bankers, analysts, and fintech execs about the…

observer.com - Sissi Cao - Stripe, a $95 Billion Fintech Unicorn, Is Exploring an IPO
Stripe, a $95 Billion Fintech Unicorn, Is Exploring an IPO
Observer

Stripe, an Irish-American payments company founded in 2010, looks ready for an exit no matter how the market looks. The startup has hired Goldman Sachs and JP Morgan to advise it on either going public or allowing employees to cash out their stakes…

firstpost.com - Devang Mundhra January 27 - Budget 2023-24 Expectation: Decisive policy decisions required to create future-ready fintech industry
Budget 2023-24 Expectation: Decisive policy decisions required to create future-ready fintech industry
Firstpost

The year 2023 is pivotal for the Indian economy (estimated to become a $3.7 trillion economy this year). Startup and fintech sectors hope to see some favorable measures from the Union Budget 2023 to further boost their growth. Fintech and startups…

americanbanker.com - Miriam Cross - 'A huge mistake': Lessons from the JPMorgan-Frank fintech deal
'A huge mistake': Lessons from the JPMorgan-Frank fintech deal
American Banker

Millions of fake students. An $18,000 payout for concocting synthetic identities. Emails that brushed off the possibility of 'orange jumpsuits' and revealed frantic cover-ups. Bank-fintech acquisitions that fizzle rarely have details as salacious…

investmentnews.com - Fintech bytes: Cetera partners with Asset-Map, MSCI goes with Google
Fintech bytes: Cetera partners with Asset-Map, MSCI goes with Google
InvestmentNews

The biggest story in technology this week is the ongoing layoffs happening at the largest companies in the world. Facebook parent company Meta let go 11,000 employees; Alphabet got rid of 12,000, including Google's in-house massage therapists; and…

geekwire.com - {'@id':'https:////www.geekwire.com//#//schema//person//a11f868eefa37201e8cc5dec78a42493'} - Publicly traded cannabis fintech POSaBIT acquires three compliance software firms
Publicly traded cannabis fintech POSaBIT acquires three compliance software firms
GeekWire

POSaBIT has reached a deal with Akerna to acquire three cannabis compliance companies in an all-cash deal, broadening the suite of software products it sells to marijuana merchants in the U.S. and Canada. The Seattle-area financial tech business…

forbes.com - Liz Elting - New Year, New Glass Heights: For The First Time In History, Over 10% Of Fortune 500 CEOs Are Women
New Year, New Glass Heights: For The First Time In History, Over 10% Of Fortune 500 CEOs Are Women
Forbes

This year, New Year's Day made good on its promise of new beginnings. January 1, 2023 was the start date of five new women helming Fortune 500 companies, bringing the total number of women CEOs to 53. Which means, for the first time in…

techcrunch.com - Mary Ann Azevedo - Report: Stripe tried to raise more funding at a $55B-$60B valuation
Report: Stripe tried to raise more funding at a $55B-$60B valuation
TechCrunch

Image Credits: mustafaU / Getty Images When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for a privately-held startup. Defending that valuation…

financemagnates.com - Pedro Ferreira - What is Fintech as a Service (FaaS)?
What is Fintech as a Service (FaaS)?
Finance Magnates

Fintech as a service (FaaS) is not a new designation or trend. Fintech is an umbrella term for financial technology which in essence refers to any software app tailored to: · Help automating and enhancing user experience in financial…

medium.com - Richard Snowden - How Can Human Resources Utilise ChatGPT?
How Can Human Resources Utilise ChatGPT?
Medium

ChatGPT, a large language model developed by OpenAI, is a powerful tool that can be used to improve various aspects of human resources (HR) within an organization. From recruitment and onboarding to performance evaluations and employee engagement…

techcrunch.com - Tage Kene-Okafor - How African startups raised venture capital in 2022
How African startups raised venture capital in 2022
TechCrunch

Image Credits: PM Images / Getty Images Earlier this month, we reported that investors' sentiments surrounding venture capital activity going into this were more reserved than upbeat. Investors believe the market correction, which caught up with…

vccircle.com - RBI's ban on SBM Bank's forex transactions hurts fintech firms
RBI's ban on SBM Bank's forex transactions hurts fintech firms
VCCircle

Wealthtech startups Vested Finance and IndMoney have been impacted after the Reserve Bank of India (RBI) had barred SBM Bank (India) Ltd from undertaking outward remittance transactions till further orders. The ban has also hit banking-tech firm…

crunchbase.com - Chris Metinko - Venture Fell More Than 40% In Hottest States For Funding
Venture Fell More Than 40% In Hottest States For Funding
Crunchbase

Venture funding to the holy trinity of the startup world — California, Massachusetts and New York — fell sharply last year from 2021's lofty heights. All three states saw a precipitous drop — more than 40% in each case —…

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