Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Citizens' payment exec on how banks can coexist with fintechs
Key insight: Payments veteran Matt Valente has joined Citizens to help lead business payments and partnerships. Expert quote: 'Embedded finance for us is central to meeting clients where they are. It's the best of both the banking and fintech…
Fintech startup Ramp hits $60 billion valuation after $1.85 billion funding round
Oct 15: Financial technology startup Ramp said on Thursday it had raised $1.85 billion in a primary financing round led by Dragoneer Investment Group, valuing the company at $60 billion, as the company expands its artificial intelligence offerings.
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)…
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…
Overall Alumina Market Remains Constructive, Alcoa CEO Says -- Market Talk
The alumina market remains overall constructive, Alcoa CEO Bill Oplinger says on a call with analysts Thursday. The market tightened a bit outside of China during the recent quarter, which pushed the alumina price index up sequentially to $370 per…
Caterpillar Resource Industries President Denise Johnson to Retire
Caterpillar's group president of resource industries, Denise Johnson, is retiring after 25 years with the construction- and mining-equipment maker. Caterpillar on Thursday said Derrick York, who currently serves as senior vice president of the…
Gibraltar Industries to Sell Infrastructure Business to Saint-Gobain for $208 Million
Gibraltar Industries has struck a deal to sell its infrastructure business, D.S. Brown, to French building-materials supplier Saint-Gobain for $208 million in cash. Gibraltar, a Buffalo, N.Y., manufacturer and provider of products and services for…
The Activation Gap Separating Financial Services Winners From The Rest
Erik Koenig is the Group Vice President at Franklin Madison Direct. Erik has a passion for driving growth with data-driven direct marketing. When financial institutions compare themselves to high-growth fintechs and digital banks, the first…
Adobe, Nvidia Expand Partnership to Speed AI-Powered Creative Tools
Adobe and Nvidia are expanding their partnership, working to speed up artificial-intelligence-powered features across Adobe's creative software and cloud-based platforms. Adobe will optimize its flagship applications, including Photoshop, Premiere…
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 —…
Communications Services Up on Rotation From Tech -- Communications Services Roundup
Communications-services companies rose as traders rotate out of the technology sector into some laggards. Shares of Skydance, AT&T and Netflix, all of which have struggled this year, rose on Thursday in a broad rotation. Write to Rob Curran at…
Utilities Down, But not by Much, as Yields Plunge -- Utilities Roundup
Shares of power producers fell, but finished near the flat line, as Treasury yields plunged. Yields on long-term 10-year and 30-year Treasurys saw their biggest declines in more than a year. Write to Rob Curran at rob.curran@dowjones.com Copyright…
Tech Down on AI Credit Fears -- Tech Roundup
Shares of technology companies fell slightly on a volatile session amid fears about the sustainability of the artificial-intelligence boom. The Kospi index in South Korea fell by 7.6% overnight. Taiwan Semiconductor fell despite logging robust…
Prediction: Here's What $1,000 Invested in Nu Holdings Today Could Be Worth by 2030
For customers, the financial services industry in Latin America used to be slow, expensive, and frustrating. Nu Holdings (NU -0.10%) is fixing that. With 139 million total customers (as of June 30), it has become a digital banking powerhouse that…
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