Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Rout in PB Fintech stock deals Rs 11,000 crore blow to mutual funds
The sharp fall in PB Fintech's prices over the last two trading sessions has led to a loss of nearly Rs 11,000 crore for mutual fund investors. MFs held a combined 151.5 million shares of PB Fintech at the end of August, according to Prime…
T.N. government looks at developing GCCs in fintech space in Coimbatore, Chennai
The Tamil Nadu government has announced setting up of a fintech hub in Coimbatore at ₹400 crore and Chennai and Coimbatore have the potential to emerge as major centres for Global Capability Centres (GCCs) in the fintech space, said S.
Prediction markets, AI and new technology take center stage at G2E
The biggest topic of conversation at this year's Global Gaming Expo in Las Vegas is likely to be about a company that won't even attend the industry's largest gathering. Kalshi, the largest of the nation's prediction markets, is at odds with gaming…
Corecivic Shares Slip After CEO Resigns for Health Reasons
Shares of Corecivic fell after the company said its president and chief executive has resigned, citing health reasons. The stock slid 7.5%, to $31.79, on Friday. Despite the loss, shares are up nearly 67% year to date. The private prison operator…
AllianceBernstein Names Onur Erzan CEO as Seth Bernstein Retires
AllianceBernstein Holding's chief executive, Seth Bernstein, is retiring early next year after a decade at the helm of the investment manager. AllianceBernstein on Friday said Onur Erzan, who became president of the Nashville, Tenn., company in…
ADARx Pharmaceuticals Upsized IPO Priced at Top of Views
Shares of ADARx Pharmaceuticals are due to make their trading debut Friday after the clinical-stage biotechnology company's upsized initial public offering was priced at the high end of expectations, raising about $446.3 million. ADARx late…
Staar Surgical Shares Rise on $50M Buyback Plans
Staar Surgical shares advanced Friday after the company said its board authorized a $50 million share-buyback program. The vision-correction solutions company said the decision was based on the board's confidence in its business progress, as well…
Andrew Cuomo: America can't afford to fall behind on the future of finance
Technology has always moved faster than government. We are seeing that today with artificial intelligence, where the speed and power of technological change have forced policymakers to confront questions that seemed theoretical only a few years…
Homebuyers in Wildfire-Prone Areas Get Better Mortgage Deals Online
As climate change increases the threat of destructive wildfires, traditional mortgage lenders are making it harder or more expensive to secure a home loan in fire-prone parts of California. Online lenders are behaving differently. Fintech lenders…
GCM Grosvenor, Hyperion Team Up on Fund Targeting Grocery Real Estate
GCM Grosvenor and Hyperion Realty Capital are teaming up, with plans to own a portfolio of shopping centers anchored by grocery stores across the western U.S. GCM Grosvenor, an asset manager specializing in middle market real estate, will kick off…
Kaspi.kz: Dividend Raise, Despite Hepsiburada Likely Still Dragging (NASDAQ:KSPI)
Kaspi maintains a Buy rating, supported by stable or accelerating segment metrics, and a dividend raise ahead of possible Hepsi inflection in 2027. Fintech loan growth is strong, with a positive shift toward longer-duration, revenue-generating…
National Bank of Canada Board Authorizes Buyback of 2.6% of Public Float
National Bank of Canada intends to launch a share-repurchase program to buy back up to 2.6% of its shares for cancellation. The Canadian lender on Friday said that its board has authorized a normal course issuer bid to buy back up to 10 million…
CoreCivic President, CEO Patrick Swindle Resigns for Health Reasons
CoreCivic's president and chief executive, Patrick Swindle, has resigned for health reasons after less than a year at the helm of the private prison operator. CoreCivic on Friday said Lucibeth Mayberry, previously executive vice president and chief…
Ocugen Shares Rise on Provisional Approval for Retinitis Pigmentosa Treatment in Bahamas
Shares of Ocugen ticked higher after its treatment for retinitis pigmentosa, or RP, a type of genetic eye disorder, got provisional approval and priority designation from regulators in the Bahamas. The stock was up 2.9% to $1.03 in premarket…
Largo Shares Slide on Pricing of $5.7 Million Offering
Largo shares were sharply lower Friday after the company priced its $5.7 million offering below recent trading prices. Shares fell 24% in Toronto to 74 Canadian cents (52 cents) and 25% in New York to 51 cents. The vanadium producer on Friday said…
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