Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What to know about X Money, Elon Musk's fintech app that claims to pay 6% on savings
Move over Venmo and Cash App. Social media site X has announced it will soon have its own digital wallet service. According to an X post from Elon Musk on March 10, X's new payment platform will be available to some members of the public starting…
CBA backs fintech entrepreneur's $50m venture capital fund
Commonwealth Bank's venture capital arm will become the main backer of a new $50 million start-up fund established by Dom Pym, a serial founder and investor who previously sold his digital bank Up to Bendigo and Adelaide Bank for $116 million. Pym…
FinTechs Race to Build Foundation Models on Proprietary Data
Every transaction carries a timestamp, a merchant identity, an amount and an account history. Unlike the text and images that train most artificial intelligence (AI) systems, that data is structured and tied directly to real economic outcomes. Now…
Middle East FinTech Investors Shift Toward Resilient Infrastructure
That foundation remains intact, but what's changing in the midst if the war raging across the region is the operating climate. Investment flows into the broader region had already been showing a degree of discipline even before the current…
How legacy payment systems expose banks to fintech rivals
Key insights: Merchants are increasingly demanding digital payments tech. What's at stake: Fintechs are often faster to develop this tech than banks, according to Capgemini. Forward look: Payment experts suggest banks form a startup to build new…
Best Fintech Stocks To Keep An Eye On - April 6th
3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound Rocket Companies, Joint Stock Company Kaspi.kz, Wealthfront, IDT, UP Fintech, DeFi Development, and PPDAI Group are the seven Fintech stocks to watch today, according to MarketBeat's stock…
AI Reshapes Tech Industry: Layoffs, Hiring Trends, and Job Insecurity
Discover how AI is transforming the tech landscape, causing layoffs, reshaping hiring strategies, and creating job insecurity as companies prioritise efficiency and high-skill roles. AI is driving a structural shift in the tech industry, leading to…
Mexico's Plata Names Ex-Banker Kantt CFO as Digital Bank Eyes IPO
Marcos Kantt, a former investment banker-turned-fintech executive, is taking over as Banco Plata 's chief financial officer as the fast-growing digital bank prepares for an eventual public offering. Kantt, who has worked at firms including Credit…
Vodacom Tanzania Unveils $28 Million M-Pesa Upgrade, Pioneering Next-Gen Fintech
Vodacom Tanzania announced the successful transformation of its M-Pesa platform following a $28 million strategic investment, marking one of the most significant fintech infrastructure upgrades in the country's history. The move transitions M-Pesa…
Bitcoin Miners Are Becoming AI Infrastructure and the Market Is Repricing Them
AI workloads generate up to 10x more revenue per megawatt, making the shift economically unavoidable. The pivot could reclassify miners from crypto plays into infrastructure assets with higher valuation multiples. Bitcoin miners are pivoting to AI…
Securing Africa's Digital Future: Why Cybersecurity Must Lead Digital Transformation
Africa is undergoing a rapid digital transformation. From mobile money ecosystems to e-government platforms and digital healthcare systems, the continent is embracing technology as a catalyst for economic growth and social development. However…
Robinhood Ventures has rebounded 30% since its lackluster debut. Can the new private markets fund now withstand the mega IPOs?
In early March, Robinhood's latest investment product got off to a less-than-stellar start. After CEO Vlad Tenev rang the opening bell on New York Stock Exchange to celebrate the launch of a new private markets fund, the offering tumbled 16% in one…
Apple Removes Dorsey's Bitchat in China Citing 'Social Mobilization Rules'
Bitchat uses Bluetooth mesh network, avoids internet, complicating traditional censorship. Despite China ban, Bitchat downloads exceed three million globally, including Google Play. Bitchat, a decentralized messaging application developed by Jack…
SPB Exchange Redesigns Derivatives to Win Back Russian Retail Flow from Offshore Platforms
Neo-Assets copy key features of offshore CFDs and perpetual swaps, including margin trading and overnight-only fees. The bigger test is whether a domestic product can match offshore liquidity, execution and product breadth. SPB Exchange is…
South Korea Orders 5-Minute Reconciliation for Crypto Exchanges After $56B Bithumb Error
Exchanges must reconcile client balances with on-chain holdings every five minutes and undergo monthly audits. The rules shift regulatory focus from cyber threats to internal operational failures. South Korea's Financial Services Commission has…
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