Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How SoFi Went From Fintech Darling To Wall Street Pariah
In late December 2017, Anthony Noto slipped into a San Francisco law firm's office for a confidential meeting. At the time, he was Twitter's chief operating officer and looking to level-up to become CEO of San Francisco's SoFi, a fast-growing…
PayPal winds down venture arm as fintech giant restructures under new CEO
PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter. The fund's headcount has shrunk from more than 10 in late 2025 to now only two, according to an archived version…
Infinite Investment Systems Expands Foundational Financial Technology Services in Canada Through Acquisition of Paramax
TORONTO, June 16, 2026 /CNW/ - Infinite Investment Systems ('Infinite'), a leading Canadian provider of wealth management and investment operations technology, today announced the acquisition of Paramax Solutions Inc., a Canadian provider of…
Mercury Deploys Conversational AI Interface Across FinTech Platform
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Banks, fintechs sue Oregon over interest rate opt-out law
Key insight: Trade groups argue Oregon exceeded its authority by applying its 36% interest-rate cap to loans made by out-of-state state-chartered banks under their home states' laws. Supporting data: The lawsuit relies on the ongoing Colorado case…
S'pore fintech Arki Finance gets MAS licence to serve mass affluent investors
SINGAPORE – Retail investors in Singapore who have moved beyond basic products but do not yet qualify for private banking will soon be able to access institutional-style investment portfolios offered by Arki Finance. The Singapore-based…
Forget Walmart: This E-Commerce and Fintech Giant Is Growing 40% YoY and Is a Better Buy
MercadoLibre grew revenue 49% YoY in Q1 2026, trades at a PEG of 0.98, and sits 30% below analyst consensus. Walmart trades at 43x earnings while free cash flow turned negative and operating cash flow fell 12%. These are growth multiples being…
Fintech firm Chronograph secures over $140m from Sixth Street Growth
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Cyprus Business Now: startups, tech, IMF, fintech, Hormuz, competitiveness, jobs
Presenting the report's findings in Nicosia, University of Cyprus economics professor Sofronis Clerides, who led the research team responsible for the study, said that competitiveness can no longer be measured solely in economic terms. He explained…
Turtlemint Fintech to launch ₹883-crore IPO on Jun 19; sets price band at ₹144-152/share
Insurtech firm Turtlemint Fintech Solutions will launch its initial public offering (IPO) worth up to ₹883 crore on June 19 seeking to raise fresh capital and provide an exit route to existing shareholders. The price band has been fixed at…
Pradip Patiah joins Axis Capital board
162c5844-aafd-44ff-9514-da38d8287c55 Created: Jun 16, 2026 03:38 PM (Updated: Jun 16, 2026 03:38 PM) New director: Pradip Patiah has joined the board of Axis Capital Bermudian insurer and reinsurer Axis Capital has appointed Pradip Patiath to the…
Forbes Daily: The Startup Trying To Build Floating Data Centers At Sea
Newly-public SpaceX wants to put data centers in space—but there may be a better and cheaper option: the sea. Backed by Peter Thiel, Portland, Oregon startup Panthalassa has been developing floating data centers that generate their own…
The Strategic Mistake Global Brands Make When Entering GCC Markets
Yasir Zahoor Rather is the Managing Director at Insights Dubai, a leading digital marketing and growth agency in the Middle East. The Gulf Cooperation Council (GCC) is one of the most compelling growth stories in the global economy right…
Payments startup Flutterwave hits $3.2B valuation, backed by Ripple
African payments infrastructure company Flutterwave announced Tuesday a Series E round that values the company at $3.2 billion. This round, notably, includes an equity investment from payments blockchain company Ripple. The company did not reveal…
How Agentic AI Could Fix The Mortgage Industry's Biggest Bottleneck
Gregorio Patiño Zabala, Co-Founder at Pragma. With a disparity between the digital front end and the manual back end of underwriting and closing, the mortgage life cycle needs to be rethought through an agentic lens. Since I began…
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