Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Danneskjold and Galt Acquisition Files for $150M SPAC IPO Targeting Fintech, AI Deals
Danneskjold and Galt filed for a $150 million initial public offering as the special purpose acquisition company looks to pursue a merger in the financial technology and artificial intelligence sectors. The Cayman Islands-incorporated blank-check…
Trump-linked fintech firm AI Financial sells unit to PrimeDelta
(Corrects company name from Prime Delta to PrimeDelta throughout the story and in the headline, fixes description and hyperlink of PrimeDelta in bullet 3.) Aug 7: AI Financial Corp, a company closely affiliated with World Liberty Financial…
Trump-linked fintech firm AI Financial sells unit to Prime Delta
Aug 7: AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, has sold its Canadian unit to New York-based Prime Delta, weeks after fintech firm Perpetuals.com ended…
US regulator rejects Dutch fintech Bunq's application for national bank charter
Aug 7: Dutch fintech Bunq said on Friday that the U.S. Office of the Comptroller of the Currency (OCC) had rejected its application for a national bank charter, dealing a setback to the company's plans to expand its banking operations into the…
Industrials Up on Rate Optimism -- Industrials Roundup
Shares of industrial and transportation companies rose on rate optimism after a surprising contraction of the U.S. work force. The Federal Aviation Administration ordered the inspections of Boeing 737 MAX jets for cracks in the body of the…
CEA V Anantha Nageswaran Urges Proactive AI Safety in India's Financial Sector
India's Chief Economic Advisor V Anantha Nageswaran has issued a strong warning, urging the financial sector to proactively tackle the safety and security challenges of artificial intelligence, asserting that waiting for AI-related risks to…
LIC explores investments in fintech, health insurance sectors
Doraiswamy said the OFS reflects the market's confidence in LIC. He added that it is now their responsibility to meet these expectations. With the completion of this OFS, they have achieved their 10% public shareholding target. The government has…
US Treasury's OFAC Sanctions 2 Iran-Linked Crypto Exchanges
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details…
Utilities Up as Treasury Yields Fall -- Utilities Roundup
Shares of power producers rose as Treasury yields fell in the wake of an unexpected decline in U.S. employment in July. The U.S. lost 23,000 jobs in the month, according to the Labor Department. The utilities industry group has slumped in recent…
Communications Services Down Amid Deal Doubts -- Communications Services Roundup
Communications-services companies ticked down amid doubts about consolidation in the sector. Take-Two Interactive shares rallied amid optimism about demand for its latest version of 'Grand Theft Auto' and despite the videogame maker's quarterly…
Health Care Up Amid Earnings Optimism -- Health Care Roundup
Health-care companies rose amid earnings optimism. Shares of medical-technology firm Doximity soared after it reported strong performance of its artificial-intelligence model. Shares of health insurers such as Molina Health, Humana and Centene…
Energy Down on Hormuz Reopening Hopes -- Energy Roundup
Shares of energy companies fell amid anticipation of a reopening of the Strait of Hormuz. Iran and Oman are reportedly close to a deal that would see shipping resume after a near six-month interruption, with Tehran maintaining some level of…
Financials Down on Economic Trepidation -- Financials Roundup
Shares of banks and other financial institutions ticked down amid trepidation about the U.S. economy. The surprising loss of jobs in July could complicate the Federal Reserve's plans if inflation remains elevated, economists warned. While markets…
RTX Unit Gets $745.4M Missile Defense Agency Contract, $536M Army Contract Modification
RTX unit Raytheon received a $745.4 million contract from the Missile Defense Agency, as well as a $536 million modification to a contract from the U.S. Army. The MDA contract, which was a noncompetitive, undefinitized contract action, covers the…
Consumer Cos Up After Weak Jobs Data -- Consumer Roundup
Consumer companies rose after weak jobs data eased interest-rate fears. The U.S. labor market shed jobs in July, an unexpected contraction likely to renew questions about the economy's fundamental strength at a time when it is also facing elevated…
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