Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Block: Priced Like A Clean Fintech, But Regulatory And Legal Issues Loom (NYSE:XYZ)
Block's current growth is primarily through lending, with gross profit growing 25% in Q2'26, but net of credit losses it grew closer to 15%. Block has paid or reserved around $886mn for its legal problems. A DoJ resolution, a securities class…
38 Companies Join The Crunchbase Unicorn Board In Blockbuster September, Led By Semiconductor, Fintech And Space Tech Companies
A total of 38 companies joined The Crunchbase Unicorn Board in September, adding $71 billion in value to the board. Semiconductors, financial services and space technology led for new counts with the remainder hailing from a broad swath of…
OpenAI-backed fintech raises $1.6m to tackle regulation
A London fintech backed by employees of OpenAI and some of the world's biggest banks has raised $1.6m (£1.2m) to help financial firms navigate mounting regulatory requirements using artificial intelligence. Relace, founded by a former lawyer…
Former Nice CEO Barak Eilam to chair UK fintech co
Nearly two years have passed since Barak Eilam stepped down as CEO of Nice (TASE: NICE; Nasdaq: NICE), and he is now set to return to a senior position at another Nasdaq-listed company. British fintech firm Wise Group plc (LSE: WISE; Nasdaq: WSE)…
FTX-linked fintech Perpetuals (PDC) plans tokenized stock trading under SEC framework
A Nasdaq-listed fintech company led by a former FTX Europe executive is planning to bring tokenized U.S. stocks trading onto blockchain rails under the Securities and Exchange Commission's (SEC) new regulatory framework. Perpetuals.com (PDC)…
Cyprus Business Now: fintech, fuel, port, medical innovation, rural women
International benchmark Brent crude rose to $106.03 a barrel in early trading, recovering from Tuesday's 0.9 per cent decline, while US West Texas Intermediate (WTI) increased to $94.42, according to Reuters. The increase followed renewed Iranian…
Best Fintech Stocks Worth Watching - October 14th
3 Stocks Built for Higher Rates—And 2 That Could Break Rocket Companies, Netcapital, Joint Stock Company Kaspi.kz, Wealthfront, IDT, UP Fintech, and DeFi Development are the seven Fintech stocks to watch today, according to MarketBeat's…
SoFi Falls 6% Despite StoneX Buy Initiation as Rising Yields Hit Fintech; Affirm Drops 9%, Robinhood Slides 6%
A fresh buy initiation from StoneX gave SoFi bulls a reason to cheer, then an inflation report gave bears something louder to say. Now three fintech names are sliding hard, and the question is whether SoFi's deposit advantage can hold……
Netcapital Shares Gain After Regaining Nasdaq Minimum Bid Compliance
Netcapital shares rose after the company regained compliance with Nasdaq's minimum bid price requirement. The stock jumped 37% to $2.19 in after-hours trading Wednesday. Through the close, shares had more than doubled this year. The Boston-based…
Golden Dome Is Technologically and Financially Infeasible
For as long as nuclear-armed, intercontinental ballistic missiles and submarine-launched ballistic missiles have existed, strategists and engineers have pursued a seductive idea: a shield effective enough to diminish — or even block —…
Kalshi CEO Defends Federal Oversight Amid Prediction Markets Legal Battle
Kalshi CEO Tarek Mansour has defended federal regulation of prediction markets as the company faces mounting legal challenges from U.S. states over sports betting contracts and regulatory authority. Speaking Wednesday at DC Fintech Week near…
Kalshi CEO says state-led oversight of U.S. prediction markets would push them out
ARLINGTON, Va. — The CEO of Kalshi, the company at the center of a high-profile legal battle over the future of prediction markets in the U.S., said the clash won't ultimately decide whether the rapidly growing industry is overseen by states…
Stock Market Today, Oct. 14: SoFi Technologies Falls on Banking Weakness
Premium Feature Moneyball Superscore SoFi Technologies (SOFI -6.69%), a popular digital financial services platform, closed at $14.22, down 6.69%. The stock reached a 52-week low today, pressured by hotter-than-expected inflation data and pressure…
Bilt's CMO is betting big on marketing that's hard to measure
Bilt CMO Zoe Oz thinks traditional advertising is losing its power. Her alternative? Turning customers into willing brand ambassadors. The fintech loyalty platform is investing heavily in entertainment, live experiences, and covetable merchandise…
HK, Chongqing launch cross-boundary financial data validation platform
The Hong Kong and Chongqing authorities announced on Wednesday the launch of the Chongqing-Hong Kong Cross-boundary Data Validation Platform. SCROLL TO CONTINUE WITH CONTENT Powered by blockchain technology and data coding–hash values, the…
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