Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Turtlemint Fintech Solutions raises ₹397 crore from anchor investors
Turtlemint Fintech Solutions has allotted 2,61,31,680 equity shares to 32 anchor investors and raised ₹397 crore at the upper end of the price band of ₹152 per equity share. Some of the marquee investors who participated in the…
Income to sell digital insurance platform Hive to Singapore fintech firm Embed Financial Group
SINGAPORE – Income Insurance will sell its digital insurance platform, Hive, to Singapore-headquartered digital financial infrastructure group Embed Financial Group Holdings (EFGH) for an undisclosed sum, the insurer said on June 18. The…
Industrial Shares Rose on Iran Deal -- Industrials Roundup
Shares on U.S. manufacturers and transportation companies rose with the broader market on the signing of a peace deal between the U.S. and Iran. Elon Musk boosted his voting power in Tesla to 20% by turning some of his stock options into shares…
U.S. Futures Up, European Stocks Mixed
U.S. futures for the S&P 500 were up 0.8% and futures for the Dow Jones Industrial Average climbed 0.5%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading.
What prediction market trading is and why it's gaining popularity
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Kalshi Enters Canada Through Wealthsimple Prediction Markets App
Canadian fintech Wealthsimple is launching a prediction markets app powered by Kalshi, giving that country's retail investors access to thousands of event-based contracts following regulatory approval earlier this year. The standalone app, called…
i2c Honored for AI-Powered Fraud Detection at The Digital Banker MEA Innovation Awards 2026
i2c Inc., a global financial technology innovator, today announced it has won the “Best AI-Powered Fraud Detection Solution by a Vendor” award at The Digital Banker Middle East & Africa Innovation Awards 2026. The award recognizes…
Financial Shares Fall On Rate Hike Worries -- Financials Roundup
Shares of financial companies fell as the market prices in a greater chance of a rate hike this year following Wednesday's rate hold by the Federal Reserve. Individual investors accelerated their withdrawal requests from once-hot private-credit…
Tencent Cloud Strategic Cooperation Drives FinTech 2.0 Transformation with AI Capabilities
At Tencent Cloud Day Hong Kong, Tencent Cloud, the cloud business of Tencent, announced the signing of a Strategic Cooperation Agreement with China CITIC Bank International Limited (CNCBI). The agreement, which marks one of the most comprehensive…
Utilities Shares Rose On Rate Hike Expectations -- Utilities Roundup
Shares in the utilities sector rose as investors weighed expectations that the Federal Reserve's next move could be a hike after the central bank held rates steady in the first meeting led by Kevin Warsh. U.S. natural gas futures settled higher as…
Ohashi Technica FY Net Y2.08B Vs Net Y1.52B
Ohashi Technica Inc. (7628.TO) Japan Year Ended March 31 GROUP 2026 2025 Revenue Y40.92 bln Y40.02 bln Operating Profit Y2.43 bln Y1.78 bln Pretax Profit Y2.97 bln Y2.36 bln Net Profit Y2.08 bln Y1.52 bln Per share Earnings Y81.40 Y57.97 Results…
Cosel Co FY Loss Y3.41B Vs Loss Y113.00M
Cosel Co. Ltd. (6905.TO) Japan Year Ended May 20 GROUP 2026 2025 Revenue Y25.05 bln Y27.05 bln Operating Profit (Y695.00 mln) Y628.00 mln Pretax Profit Y267.00 mln Y740.00 mln Net Profit (Y3.41 bln) (Y113.00 mln) Per share Earnings (Y82.81) (Y2.84)…
Itoham Yonekyu to Acquire Greenlea Group for $460 Million
Itoham Yonekyu Holdings is acquiring New Zealand-based Greenlea Group through consolidated subsidiary Anzco Foods. The Japanese food company expects to pay roughly 800 million New Zealand dollars, equivalent to 460.4 million U.S. dollars, for the…
Communications Services Rise on Iran Deal -- Communications Services Roundup
Shares of communications services companies rose following the signing of a deal between the U.S. and Iran. SpaceX stock continued to trim its post-IPO gains. Despite the shares coming modestly back to Earth, a number of analysts still see major…
Kitazawa Sangyo FY Net Y220.00M Vs Net Y648.00M
Kitazawa Sangyo Co. Ltd. (9930.TO) Japan Year Ended March 31 GROUP 2026 2025 Revenue Y14.03 bln Y15.56 bln Operating Profit Y266.00 mln Y841.00 mln Pretax Profit Y367.00 mln Y908.00 mln Net Profit Y220.00 mln Y648.00 mln Per share Earnings Y11.85…
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