Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Top African Retailer Pepkor to Acquire Fintech Firm Shop2Shop
Pepkor Holding Ltd. 's payment services firm will acquire a financial technology firm as the clothing retailer expands its business in South Africa's informal sector. Pepkor's Flash will combine with Shop2Shop, creating a firm valued at 21.3…
Pepkor creates R21.3bn fintech platform
[CAPTION] Flash is Pepkor's fintech and digital services platform that enables access to financial and digital products. (Image supplied) Retail giant Pepkor has merged Flash, its wholly-owned fintech subsidiary, with Shop2Shop to create merchant…
36% of Global SMB Buyers Plan to Use FinTech Payment Providers
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Goldman Sachs Alternatives to acquire fintech firm Aegis Hedging Solutions
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Fintech Says Deutsche Bank Shouldn't Escape Blacklist Suit
A self-described barter-based payment platform alleging it was improperly placed on an industry blacklist by Deutsche Bank has urged a New York federal judge not to grant the bank's dismissal bid,... To view the full article, register now. Already…
U.S. Futures Fall, European Stocks Mostly Down
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning…
AI Worries Weighed on Jack Henry (JKHY) in Q2
Upslope Capital Management, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. Upslope aims to provide attractive, equity-like returns while reducing market risk and…
Microsoft's AI Transformation Is Misunderstood (NASDAQ:MSFT)
Microsoft Corporation is shifting from seat-based software subscriptions to consumption-driven AI monetization across its ecosystem. MSFT's record $190B capital expenditure is backed by confirmed demand, with Azure capacity still lagging customer…
How Compliance Requirements Are Driving Infrastructure Modernization
Ivo Bozukov is Global COO at Whizmo, bringing financial services to underserved communities across Africa, the GCC and Latin America. The most powerful catalyst for infrastructure investment is often not a strategic vision; it is a…
Launch Africa Ventures records first investor payouts
Zachariah George and Janade du Plessis, co-founders of Launch Africa Ventures. (Image by Launch Africa Ventures) Pan-African venture capital firm Launch Africa Ventures says it has returned cash to investors for the first time, demonstrating that…
This Time Is Different: Why AI Is Unlike Any Wave I Have Seen In 40 Years Of Financial Services
I have spent more than 40 years in financial services, and I have learned to be skeptical of people heralding the word “revolution.” Branchless banking was going to end the branch. The blockchain was going to disintermediate the whole…
McKesson Raises Quarterly Dividend by 15%
McKesson's board has raised the drug wholesaler's quarterly dividend by 15%, to 94 cents from 82 cents. The new payout, equal to $3.76 a year, represents an annual yield of about 0.45% based on Tuesday's closing price of $828.84, up from 0.4%. The…
Manulife Expands Microsoft Partnership to Scale AI Across Operations
Manulife Financial is deepening and expanding its partnership with Microsoft in a five-year deal aimed at accelerating its shift into an artificial intelligence-powered financial services organization. The companies said on Wednesday that Manulife…
OceanaGold Gets TSX Green Light to Buy Back Up to 10% of Float
OceanaGold intends to renew its share repurchase program to buy back up to 10% of its shares over the course of the next 12 months. The Canadian gold and copper producer on Wednesday said that the Toronto Stock Exchange approved its plan to launch…
Scotiabank Expects C$82M Contribution From KeyCorp Stake to 3Q Profit
Bank of Nova Scotia expects its investment in KeyCorp will contribute about 82 million Canadian dollars ($58.1 million) to net income in the fiscal third quarter. The Canadian financial institution said Wednesday the figure is net of the bank's…
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