Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Southeast Asia dominates fintech expansion plans, according to Money20/20 report
As adoption accelerates across the region, digital trust and cyber-resilience have emerged as the most pressing operational priority, with more than 63 per cent of leaders identifying fraud prevention as their top concern. Regulators and industry…
FirstRand ups stake in AI-led fintech Optasia
FirstRand has increased its shareholding in artificial intelligence (AI)-led fintech firm Optasia. Today, Optasia announced the financial institution has acquired an additional 6% stake, bringing its shareholding to 26.1%. Optasia, an AI-powered…
ViewTrade and IDS Fintech Link Kuwait Brokers to US Markets via FIX Protocol
ViewTrade and Kuwait-based IDS Fintech have completed Financial Information eXchange (FIX) protocol certification, connecting the US trading technology provider's order management infrastructure to IDS Fintech's platform and giving GCC…
Fintech startup Kiwi appoints Sumeet Basrani as Chief Business Officer
Kiwi, a fintech startup, appointed Sumeet Basrani as Chief Business Officer, as the company focuses on expanding the distribution of credit on UPI through partnerships with banks and digital ecosystem players. The appointment comes as Kiwi moves…
Fintech firm payabl. launches tap to pay for mobile contactless payments
European financial technology provider payabl. announced on Thursday the launch of Tap to pay, a new solution enabling businesses to accept contactless payments directly via smartphones without dedicated hardware. According to the announcement, the…
Fintech Stocks To Follow Today - March 25th
3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound Rocket Companies, Joint Stock Company Kaspi.kz, Wealthfront, UP Fintech, and LexinFintech are the five Fintech stocks to watch today, according to MarketBeat's stock screener tool. Fintech…
QED Investors doubles down on India, bets on AI-led fintech and cross-border plays
QED Investors is sharpening its focus on India, committing to deploy $250–300 million over the next two fund cycles as it sees the market transition from a “story of promise” to one of tangible outcomes, backed by a maturing…
Industrials Up Amid Iran Peace Hopes -- Industrials Roundup
Shares of industrial and transportation companies rose amid hopes for a breakthrough in Iran peace negotiations. German chemicals firm BASF said it was raising prices sharply for more of its products, adding to a rash of price hikes among chemical…
Energy Down With Oil Futures on Peace Hopes -- Energy Roundup
Shares of energy companies slipped alongside oil futures amid hopes for negotiations between the U.S. and Iran. West Texas Intermediate crude declined 2.2% to $90.32 a barrel after reports that mediators from Egypt, Pakistan and elsewhere were…
Only $500K+ Traders Make Money on Prediction Markets, Report Finds
Retail traders post deeper losses on prediction markets than on sportsbooks, according to the report. Performance is concentrated at the top, with most users consistently losing money. Retail users on prediction markets are losing money at a higher…
SLB, Nvidia Expand Collaboration on AI Use in Energy Industry
SLB and Nvidia have expanded the two companies' collaboration aiming to design and deploy AI infrastructure and models for the energy industry. The partnership intends to help energy companies transform the vast amounts of operational data they…
Russia Postpones Telegram and YouTube Ad Ban, Easing Pressure on Online Marketing
It follows reports that FAS had pursued criminal cases against bloggers who placed advertisements on Telegram and YouTube. Earlier, Russia opened a criminal investigation into Telegram founder Pavel Durov. Russia has delayed enforcement of a new…
Anavex Withdraws European Marketing Application for Drug to Treat Early Alzheimer's
Anavex Life Sciences withdrew its application for the marketing authorization of its blarcamesine drug in the European Union as an add-on therapy for the treatment of early Alzheimer's disease. Shares were down 15% to $3.58 in premarket trading. A…
Ex-New Zealand Prime Minister Bill English Takes Helm of Airwallex's NZ Board
Airwallex's global annualized transaction volume reportedly reached about $200 billion last year, up 92% year-on-year. The firm obtained a MiFID investment firm license from the Dutch Authority for the Financial Markets. Global financial technology…
A Deterrent for CFD Brokers? Google Puts 'Verified' Badge on India-Regulated Trading Apps
Although the label will be extended to apps of other regulated intermediaries, it remains unclear whether offshore-regulated CFD brokers will be able to receive it. The local regulator also asked Google to track finfluencers who are breaching…
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