Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Inside PayPal Mafia Billionaire Max Levchin's Slow-And-Steady Path To Fintech Profitability
Affirm cofounder and CEO Max Levchin. In the lobby of a mid-tier Palo Alto hotel in June 2000, PayPal cofounder and chief technology officer Max Levchin sat on an indoor fountain, getting ready to speak at a payments industry event. “This…
This fintech turned bank is winning with AI-powered lending and the right customers
Happen uses AI, automation and years of proprietary data to better evaluate borrowers, reduce costs and improve how it operates. The company's focus is on the 'motivated middle,' which creates a high-quality customer base with strong credit…
Stripe to buy OpenRouter as fintech expands deeper into AI
Stripe said it's acquiring OpenRouter, as the payments company expands into the artificial intelligence model market. Terms of the deal were not disclosed, but the New York Times said the price tag is about $7.5 billion, with $1.5 billion allocated…
Sachin Bansal's fintech Navi raises first outside capital with $100M Prosus investment
Indian fintech Navi has raised $100 million from Prosus, marking the first institutional funding for the eight-year-old startup founded by Flipkart co-founder Sachin Bansal (pictured above). The investment values Navi at about $1.3 billion…
Beyond the casino: Macau bets on modern finance, fintech in new five-year plan
Macau has unveiled a sweeping five-year strategic blueprint to break its long-standing dependence on casino revenues by pivoting towards modern financial services, digital currency adoption and deeper economic integration with mainland China. Under…
Cramer Warns Fintech Bulls: These Three Stocks Are Priced for Perfection
Jim Cramer used a recent CNBC Stop Trading segment to push back against what he sees as reflexive analyst enthusiasm for a narrow group of fintech names. His complaint was direct: “One of the more irritating parts of this market is the…
Reusable FinTech Certification Could Streamline Bank Due Diligence
A July 21 draft term sheet outlines a possible framework for reducing some of that duplication. It calls for a voluntary public-private Banking Innovation Standards Development Organization, or BISDO, paired with a certification program known as…
SoFi Climbs 6%, Upstart Jumps 8%, Affirm Rises 7% as Fintech Names Rebound With Bond Market Catalyst
SoFi and Upstart each remain down 33% year to date despite Wednesday's rally, as falling Treasury yields rather than any company news drove the 6 to 8% fintech rebound. FINX sits down 12% year to date, and Upstart's 0.6% fund weighting means even…
Stone Point and Genstar to take co-controlling stakes in fintech firm Ascensus
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TikTok Explores Peer-to-Peer Payments in Direct Messages, Pushing Deeper Into Fintech
TikTok is building a way for users to send each other money inside direct messages, Bloomberg reported Tuesday, citing code buried in the current release of its US iPhone app. A company spokesperson told the outlet that nothing is in testing in any…
Industrials Down Amid Rate Fears -- Industrials Roundup
Shares of industrial and transportation companies fell amid skepticism about the Treasury Department's efforts to bring borrowing rates down. Treasury Sec. Scott Bessent said the agency would increase its bond buybacks. Some strategists warned that…
CFTC Considers AI Compute Futures as ICE, CME Eye New Market
The Commodity Futures Trading Commission is asking for public input on futures contracts for the computing power that undergirds the artificial intelligence sector as industry heavyweights move to embrace so-called compute as a tradable asset.
FDA Gives Marketing Authorization to Vitestro's Robotic Blood Draw Device
The Food and Drug Administration granted marketing authorization to Vitestro for Aletta, a robotic blood draw device. The FDA said the Aletta is the first standalone robotic device that can draw blood from a patient's arm without hands-on operator…
Your Bank Data Could Become A Profit Center - And You'll Pay the Price
A forthcoming federal rule on open banking may allow banks to charge new fees for access to consumer data, a move critics say would harm consumers and runs counter to other parts of President Donald Trump's agenda. Open banking allows consumers to…
The New Economics Of Growth In Miami's Tech Boom
Brian Krogol, CPA, CFO of Standard Premium Finance, gained recognition for earning the prestigious Elijah Watt Sells award. Miami's economic transformation continues to move past the growth-market phase and into a market that CFOs must plan around…
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