Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Banking Regulators Issue More Warnings About Fintech Partnerships
In a memo released yesterday, the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have shared increased concerns over the relationships between traditional banks and…
Egypt's MNT-Halan banks $157.5M, gobbles up a fintech in Turkey to expand
MNT-Halan, a fintech unicorn out of Egypt, is on a consolidation march. The microfinance and payments startup has raised $157.5 million in funding and is using the money in part to fund the acquisition of another fintech, Tam Finans, to expand into…
NSFAS not backing down from legal tussle with fintech partner
NSFAS has filed an appeal in the matter with eZaga with the registrar of the Western Cape High Court. The National Student Financial Aid Scheme (NSFAS) has lodged an appeal against a High Court ruling that makes way for fintech partners to continue…
Fintech bullies stole your kid's lunch money
Three companies control the market for school lunch payments. They take as much as 60 cents out of every dollar poor kids' parents put into the system to the tune of $100m/year. They're literally stealing poor kids' lunch money. In its latest…
Pluralistic: Fintech bullies stole your kid's lunch money (26 Jul 2024)
Fintech bullies stole your kid's lunch money: Taking 60 cents out of every reduced-lunch public school dollar. Hey look at this: Delights to delectate. This day in history: 2004, 2009, 2019, 2023 Upcoming appearances: Where to find me. Recent…
Better services help Revolut and fintechs rise while big banks stutter
The road towards a UK banking licence for Revolut has been long and winding. But if it really intends to challenge incumbents in Britain and around the world, licences from Lithuania and Mexico were never going to be sufficient. Fintech is one of…
The Impact of Mobile App Development on New York's Tech Industry
New York City, often referred to as the “Silicon Alley,” has long been a hub for technology and innovation. The city's tech industry is characterized by a vibrant mix of startups, established tech giants, and a robust network of…
Global Funding To Financial Services Slowed Down In The Past 5 Quarters
Global funding to private companies in financial services — a leading sector for investment — has slowed significantly in the past five quarters. In the second quarter of 2024, financial services companies raised $9.7 billion, up a…
How Olympic Athletes Can Help Your Company
Tomorrow, some of the world's greatest athletes will gather at the starting line in the Vaires-sur-Marne Nautical Stadium in Paris. The starter will call competing crews to 'Attention,' activate the green light, and the horn will sound announcing…
FedNow Turns One: What Have We Learned About US Real-Time Payments?
It's been one year since the U.S. government launched FedNow, its long-awaited real-time payments (RTP) system. More than 70 other countries already had national RTP rails at the time and some, like Brazil, India, and China have seen huge adoption…
Portfolio Optimization (PO) of 25 Largest US Tech Stocks: A Four-Fold Risk/Return Analysis
In investing, PO is the task of selecting assets such that the return on investment is maximized while the risk is minimized [1–4]. Finding the right methods for PO [1–4] (mean-variance optimization, Monte Carlo simulations, risk…
Council Post: Government 2.0: How Embedded Finance Can Revolutionize Public Services
Ivo Gueorguiev, co-founder at Paynetics. Faith in public services is at an all-time low, with only 27% of the U.K. population stating they trust the national government. Engagement characteristically means long queues, paper forms and system…
25 Companies Hiring Now For Fully Remote Jobs In 2024
As the demand for fully remote jobs continues to rise, there appears to be a steady decline in the availability of these roles, compared to when it peaked during and shortly after the pandemic. As of December 2023, in the United States, an…
Coinbase Adds Former Bill Clinton Aide To Its Board Of Directors
Chris Lehane was a political strategist for Bill Clinton in 1992, before Clinton started his term Clinton said in 2018 that the possibilities associated with blockchain are 'staggeringly great' Lehane's appointment comes as Coinbase defends itself…
From childcare to urban planning, these startups take AI to new areas - Boston Business Journal
Artificial intelligence is finding its way in all kinds of areas. A Cambridge-based AI-focused venture studio has a summer cohort of startups taking AI even further. For the second year running, venture studio C10 is welcoming a group of startups…
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