Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Nigeria Central Bank Moves to Rein In Fintech, Boost Access to Capital
Nigeria is tightening scrutiny of its fast-growing fintech industry while easing licensing and improving access to capital as it tries to balance innovation with financial stability. The Central Bank of Nigeria this week laid out an 18-month…
Data breach at fintech firm Betterment exposes 1.4 million accounts
Hackers stole email addresses and other personal information from 1.4 million accounts after breaching the systems of automated investment platform Betterment in January. Betterment provides a mix of automated investment tools and financial…
Industrials Down After Mixed Earnings -- Industrials Roundup
Shares of industrial and transportation companies fell after mixed earnings. Cummins shares slid after robust demand for generators from data-center developers was offset by a drop in sales of its truck engines. Rockwell Automation fell even after…
Amazon CEO Confident in Return on $200B Investment -- Market Talk
Amazon Chief Executive Andrew Jassy thinks the tech conglomerate will get a return on its eye-popping $200 billion investment. Amazon plans to spend $200 billion in 2026, most of which will go towards its AWS business, Jassy tells analysts on a…
Phillips 66 to Lay Off 122 in Latest Wave of Job Cuts at Los Angeles Refinery
Phillips 66 will begin the next wave of layoffs at its last refinery in California after ceasing operations there in December. The Houston energy company said Thursday it is preparing to lay off 122 workers on April 3 at Los Angeles Refinery…
What Makes MVB Financial (MVBF) a Good Long-Term Bet?
Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fourth quarter posted another period of favorable gains…
Industry season 4 episode 5 will arrive earlier than expected for some fans
Industry fans are in for a treat as some viewers will be able to watch season 4 episode 5 earlier than expected. Here's the lowdown on when you can catch the forthcoming instalment from the HBO and BBC financial thriller, which is known for its…
Wanna bet? Super Bowl gamblers find a way around bans thanks to prediction markets
There's no legal sports betting in California, though Super Bowl-sized loopholes — in the form of new “prediction market” platforms — are allowing anyone across America to wager on games anyway. Companies such as Kalshi…
Liquidity 2026 Brings Institutions Together on Multi-Asset Markets
With just over a week until the event, LTP Hong Kong's flagship institutional summit, Liquidity 2026, is set to take place on February 9 at the JW Marriott Hotel in Hong Kong. This year's summit will bring together institutional representatives…
Communications Services Down Amid Mixed Earnings -- Communications Services Roundup
Communications services fell amid mixed earnings. Sirius XM's fourth-quarter net income fell, despite rising revenue, due to impairment charges and rising costs. The company projected 2026 revenue to be largely unchanged from last year. In the…
Materials Down Amid Silver Rout -- Materials Roundup
Producers of metals and other raw materials fell as volatility in precious metals continued and a mega-deal fell apart. Rio Tinto said it was no longer considering a tie-up with Glencore after weeks of talks, killing a potential deal that would…
Tech Slides on AI Spending Concerns -- Tech Roundup
Shares of technology companies continued to slide as investors focused on the glass-half-empty side of Alphabet's earnings report. Shares of the Google owner fell slightly as concerns about its $175 billion-to-$185 billion capital expenditure plan…
Utilities Down, but Not by Much, on Defensive Bias -- Utilities Roundup
Shares of power producers fell, but not by as much as the broad market, as traders rotated out of high-risk tech sectors into defensive areas. Utilities have benefitted from a sharp increase in demand from artificial intelligence infrastructure…
Financials Down Amid Cryptocurrency Rout -- Financials Roundup
Shares of banks and other financial institutions fell amid a cryptocurrency rout. Bitcoin prices fell below $70,000 to a 15-month low. Also hard hit were shares of online brokerage Robinhood Markets and crypto exchange Coinbase, both of which have…
Energy Down on Mixed Earnings -- Energy Roundup
Shares of energy companies fell amid mixed earnings. ConocoPhillips' fourth-quarter earnings fell, hurt by lower prices that were slightly offset by higher production. Shell maintained its $3.5 billion quarterly buyback despite lower oil prices…
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