Fintech Industry News

A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

cnbc.com - Ryan Browne - Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
CNBC

Fintech executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd…

techcrunch.com - Christine Hall - VC Sheel Mohnot leads $4.3M seed in automated financial reporting fintech InScope
VC Sheel Mohnot leads $4.3M seed in automated financial reporting fintech InScope
TechCrunch

The financial reporting and auditing process is not often on the list of sexy topics that technology startups want to go after. And yet, when errors are made on financial reports, like the one Lyft had earlier this year, it can have dire…

fool.com - Justin Pope - 3 Fintech Growth Stocks That Are Screaming Buys in June | The Motley Fool
3 Fintech Growth Stocks That Are Screaming Buys in June | The Motley Fool
https://www.fool.com/

Financial technology, or fintech, is crowded with many companies jockeying for market share. It's for a good reason. According to Fortune Business Insights, the global fintech market is worth approximately $300 billion today and will grow to over…

techcrunch.com - Mary Ann Azevedo - Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale
Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale
TechCrunch

Since fintech startup Brex 's inception in 2017, its two co-founders Henrique Dubugras and Pedro Franceschi have run the company as co-CEOs. But starting today, the pair told TechCrunch in an exclusive interview, the San Francisco-based corporate…

cityam.com - Lars Mucklejohn - UK fintech champion Wise triples profit on swelling customer base
UK fintech champion Wise triples profit on swelling customer base
CityAM

Money transfer firm Wise has more than tripled its annual profit on the back of historic interest rate hikes and a swelling customer base. The London-listed fintech reported a pretax profit of £481m for the year ending on 31 March 2024, up…

americanbanker.com - Adam Kovacevich - The CFPB's proposed rules targeting fintechs are a boon to big banks
The CFPB's proposed rules targeting fintechs are a boon to big banks
American Banker

Jakub Jirsak/jirsak - stock.adobe.com Last month's Supreme Court decision affirming the funding structure of the Consumer Financial Protection Bureau means that the agency is here to stay. And for consumers worried about unfair practices from Wall…

send2press.com - Mobility Market Intelligence - MMI's VP of Enterprise Sales Melissa Sike Named a 2024 Most Powerful Women in Fintech Award Winner by Progress in Lending
MMI's VP of Enterprise Sales Melissa Sike Named a 2024 Most Powerful Women in Fintech Award Winner by Progress in Lending
Send2Press Newswire

SALT LAKE CITY, Utah, June 12, 2024 (SEND2PRESS NEWSWIRE) — Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced Melissa Sike, vice president…

adweek.com - Matt Britton - Chime's Vineet Mehra Believes Marketing Is in a Golden Age
Chime's Vineet Mehra Believes Marketing Is in a Golden Age
Adweek

Leaders from Glossier, Shopify, Mastercard and more will take the stage at Brandweek to share what strategies set them apart and how they incorporate the most valued emerging trends. Register to join us this September 23–26 in Phoenix…

securityboulevard.com - Nak Koh - Financial Institutions Must Reexamine Their Technology Setup
Financial Institutions Must Reexamine Their Technology Setup
Home - Security Boulevard

In today's fast-evolving financial landscape where customer expectations and technological advancements are constantly shifting, financial institutions must stay ahead of the curve to remain competitive. One crucial step in this pursuit is a…

standard.co.uk - Simon Hunt - Wise shares tumble as forecasts disappoint analysts
Wise shares tumble as forecasts disappoint analysts
Evening Standard

London's largest listed fintech today saw its biggest-ever single-day share drop after a surge in profits was eclipsed by an earnings forecast that fell short of analyst expectations. Money transfer business Wise, which yesterday had been worth…

financemagnates.com - Jared Kirui - Scope Markets Expands Offerings with CFDs Focusing on the US Market
Scope Markets Expands Offerings with CFDs Focusing on the US Market
Finance Magnates

Wednesday, 12/06/2024 | 14:11 GMT by Jared Kirui The expanded offerings include CFD futures and the Dollar Index. Scope Markets cited a growing demand, especially for products focusing on the US market. Scope Markets has expanded its offerings with…

globenewswire.com - Multitude SE - Multitude Capital Oyj successfully places EUR 80 million in senior guaranteed unsecured bonds
Multitude Capital Oyj successfully places EUR 80 million in senior guaranteed unsecured bonds
GlobeNewswire

Multitude Capital Oyj successfully places EUR 80 million in senior guaranteed unsecured bonds Helsinki, 13 June 2024 – Multitude SE (“Multitude” or the “Group”) is pleased to announce the successful placement of…

globenewswire.com - Multitude SE - Multitude SE announces its intention to voluntarily redeem all outstanding senior bonds due 2025
Multitude SE announces its intention to voluntarily redeem all outstanding senior bonds due 2025
GlobeNewswire

Multitude SE announces its intention to voluntarily redeem all outstanding senior bonds due 2025 Helsinki, 13 June 2024 – Multitude SE (the ' Company ') announces its intention to exercise its right to redeem all outstanding senior unsecured…

financemagnates.com - Pedro Ferreira - 'They're Still Sitting on the Same Old Rails': Ripple's Jazzi Cooper
'They're Still Sitting on the Same Old Rails': Ripple's Jazzi Cooper
Finance Magnates

On the ground for XRP Ledger Apex 2024, we caught up with Jazzi Cooper, Lead Product Manager at Ripple X and a major driving force behind its ambitious mission. In an exclusive interview, Jazzi shared insights into Ripple X's role in reshaping the…

forbes.com - Chris Kille - Council Post: Innovating Within Traditional Industries: How To Bring Fresh Ideas To Old Practices
Council Post: Innovating Within Traditional Industries: How To Bring Fresh Ideas To Old Practices
Forbes

Chris Kille is the Founder of EO Staff and Payment Pilot, operating out of Boston, MA, USA. The world of traditional industries explains traditional processes in industries that work in the same way they have been doing for ages. And yet…

Receive a Daily briefing on Fintech Industry News

Get Started