Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Tencent-Backed Fintech Uzum Plans New Funding Round by Year-End
Uzbek fintech Uzum, backed by investors including China's Tencent Holdings Ltd., aims to hold another funding round as the group seeks to support rapid expansion plans ahead of a potential initial public offering. While an IPO could become a…
CFTC Seeks Industry Input to Unlock FinTech Innovation
The regulator has issued a Request for Information that will assist it in identifying regulations, guidance documents, orders, no-action letters and other CFTC regulatory items that unduly impede FinTechs from entering into partnerships with…
PayPal Is Yesterday's News. Is This Fintech the Better Buy?
PayPal Holdings was one of the first companies in what is now known as the financial technology, or fintech, industry. It had a great run, but more recently PayPal stock has been a disaster, falling 32% during the past three years. It has struggled…
East Africa's next fintech act
Joe Kiragu, Regional Director for East Africa at Sybrin. In just over a decade, East Africa moved from a landscape where millions lacked access to financial services to one where mobile money is woven into the fabric of everyday economic life.
This $91 Billion Fintech Startup Is Laying Off 10% of Workers Even Though the Business 'Has Never Been Stronger
Robinhood is cutting 10% of its workforce as part of a “flattening” meant to avoid a heavily layered organization. CEO Vlad Tenev is framing the layoffs as a proactive move from a position of strength, insisting that the business…
Italian fintech Conio secures EU licence for crypto services
MILAN, June 17: Conio, an Italian fintech backed by Poste Italiane and Banca Generali, has obtained a licence in Italy under the European Union regulation for digital assets (MiCAR) to operate as a crypto-asset service provider (CASP). * The…
Digital Wallet Group Launches Smiles Mobile Remittance, Japan's Number One Mobile International Money Transfer Service, Enters United States Fintech Market
TOKYO and LOS ANGELES, June 17, 2026 /CNW/ - Digital Wallet Group (DWG), a leading Japanese international IT and fintech company, officially launched Smiles Mobile Remittance (Smiles) in the United States, marking a major expansion of its North…
Libya Launches EPAIX 2026: Advancing Digital Payments and Fintech
The Governor of the Central Bank of Libya, Naji Issa, inaugurated yesterday the activities of the Second Libya International Exhibition for Electronic Payment and Financial Technologies 'EPAIX 2026', in the presence of the Tripoli based Libyan…
Industrial Shares Lose Steam as Fed Sounds Hawkish -- Industrials Roundup
Shares on U.S. manufacturers weakened after the Fed's hawkish hold. New Chairman Kevin Warsh repeated a pledge to bring inflation down to the central bank's 2% target, while officials penciled in an increase in borrowing costs. BMW cut its outlook…
GMT is acquired by Western Union for NIS 200 million
The Israeli fintech industry continues to deliver results, even during challenging times: The global company Western Union, the international financial services giant, is fully acquiring (100% of the share capital) the Israeli fintech company GMT…
Cleantech is powering Calgary's next phase of growth
Calgary's emergence as one of Canada's fastest-growing tech ecosystems is no accident. Beneath the headline figures of rising venture capital, expanding talent pools, and global recognition, sits a critical engine driving that growth an done…
Utilities Shares Fall as Markets Keep Waiting for a Hormuz Deal -- Utilities Roundup
Shares in the utilities sector fell amid lingering expectations about a Middle East agreement that would lead to a normalization of global oil supply. Meanwhile, Fed officials predicted an increase in interest rates this year, in a potential blow…
Financial Shares Decline as Fed Officials Predict Rate Hike -- Financials Roundup
Shares of financial companies fell in a day marked by the first Fed decision under Chairman Warsh. Rates were held unchanged and Warsh pledged to bring inflation down to target. The FOMC penciled in a rate increase this year. Robinhood gained 9%…
Stock Market Today, June 17: Nu Holdings Rises as AI Credit Models Lift Lending Outlook
Nu Holdings (NU +1.34%), a Latin American digital bank and financial services platform, closed at $12.89, up 1.34%. Shares moved after AI-powered financial models drew attention, while investors are watching credit losses and margins next. The S&P…
U.S. Futures Edge Up, European Stocks Mixed
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading.
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