Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Fintech Leader Vaults 203% To Highs: Earnings On Deck
Paysign (PAYS) weathered a broad stock market meltdown and hit a new high on Friday. The stock leads the finance sector, one of 30 in the Investor's Business Daily database. It also holds a space on IBD's Sector Leaders list. Shares cleared a…
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…
Rupeeflo bets on GIFT City, targets 30% revenue share as Bengaluru-based fintech eyes payments play
Rupeeflo, a Bengaluru-based fintech start-up building cross-border financial infrastructure for Indian financial institutions, wants GIFT City to contribute up to 30 per cent of its revenue over the next year, as it prepares to move beyond investor…
U.S. Industrial Production Increases in September
U.S. industrial production increased last month, according to data published by the Federal Reserve Friday. Production rose 0.7% in September after an upwardly revised increase of 0.1% in August. Analysts polled by The Wall Street Journal expected…
Lufax Appoints Jia Liu as CFO
Lufax named Jia Liu as its chief financial officer. Her appointment comes after the Chinese company, which provides financial services to small businesses, said in July it was searching for a new finance chief after Tongzhuan Xi resigned from the…
NG Energy Shares Rise as Colombian Gas Output Boosts Spot Market Sales
NG Energy International shares rose after the company said it is ramping up natural-gas production in Colombia, allowing the company to sell uncontracted volumes into a tight Colombian energy market. Shares rose 11% to 1.08 Canadian dollars. The…
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…
Green-lighting new banks could help female entrepreneurs raise capital
Key insight: Fintech firms are moving in large numbers to acquire bank charters. This could be very good news for entrepreneurs, especially women and minorities, who are often ignored by more traditional banks. Supporting data: Despite owning 39%…
Phillips 66 Raises Quarterly Dividend by 4.7% to $1.33
Phillips 66's board has raised the downstream energy provider's quarterly dividend by 4.7%, to $1.33 from $1.27. The new payout, equal to $5.32 a year, represents an annual yield of about 1.82% based on Friday's trading price of $291.87, up from…
City Therapeutics Shares Leap in Trading Debut After Upsized IPO
Shares of City Therapeutics rose sharply in their trading debut Friday after the clinical-stage biotechnology's upsized initial public offering raised about $200 million. City shares were recently changing hands at $22.53, up 25%, after opening at…
Saab Completes First Phase of Underwater Drone Project
STOCKHOLM--Saab said that following sea trials, it has completed the first phase of its Large Uncrewed Underwater Vehicle project, with the next phase expected to focus on developing more advanced capabilities. The Swedish defense company said…
Equifax Equips Lenders With Mastercard Open Finance Insights
Equifax customers can now access Mastercard Open Finance's Cash Flow Analytics, which produces cash flow attributes based on up to 24 months of credits, debits and balances; Payment Risk Insights, which delivers a score that helps predict payment…
Ascendis Gets EMA Recommendation for Approval for Achondroplasia Treatment in Children
A committee from the European Medicines Agency recommending granting marketing authorization for Ascendis Pharma's treatment for achondroplasia in children. The EMA's Committee for Medicinal Products for Human Use said Friday that Ascendis's…
WaveDivision, Other Firms to Buy Internet Provider EarthLink
WaveDivision Capital, Stephens Capital Partners and The Pritzker Organization are teaming up to buy EarthLink alongside the U.S. internet provider's management. Trive Capital, which acquired EarthLink from Windstream Holdings for $330 million, will…
Quantum X Shares Up on Validation of Technology Using IBM Quantum Processors
Shares of Quantum X Labs rose after the company experimentally validated its LayerQake quantum calibration methodology on three of International Business Machines' quantum processors. The stock rose 8.5% to $4.21 as of midday Friday. Shares have…
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