Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
I booked a one-way ticket to Bali after a layoff in fintech. I stayed in Asia for over a year - here's where my money stretched the furthest.
This as-told-to essay is based on a conversation with Tiffany Tang, the 30-year-old founder of DrinkFolks. It has been edited for length and clarity. I'm the founder and CEO of DrinkFolks, which brings jamu, a 1,300-year-old Indonesian herbal…
Islamic FinTech Initiative Targets Women's Financial Literacy
A nationwide competition has been launched to promote financial literacy, disciplined saving and Shariah-compliant investment practices among female university students, faculty members and staff. The initiative, titled “Empowered Women…
Rate-Limited Queue Consumers for Weekly Fintech Customer Digests
Use Bottleneck, or an equivalent small limiter, in front of the queue consumer and keep the queue responsible for delivery rather than timing policy. For a weekly digest sent to active fintech customers, set a burst allowance, a steady rate, and a…
SS&C Technologies Shares Fall on Lower Profit, Soft Guidance
Shares of SS&C Technologies Holdings slumped after posting lower quarterly profit and giving soft guidance. Shares dropped 5.4% to $84.12 on Friday. Shares are down 3.7% year to date. The financial technology provider on Thursday said it expects…
More Than 20 Companies Now Object to OKXICE Tokenized Stock Listing
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details…
Barclays is the latest company to trim its workforce for AI efficiency
The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources. That can mean an end to some jobs once done by humans. Yet in many cases it means…
Fluor Unit Gets $2.41B Navy Contract Modification
Fluor subsidiary Fluor Marine Propulsion received a $2.41 billion modification to a U.S. Navy contract. The contract covers naval nuclear propulsion work at the Naval Nuclear Laboratory. Write to Elias Schisgall at elias.schisgall@wsj.com Copyright…
Melar Acquisition's Shares Soar After Detailing Everli Global Deal in Filing
Shares of Melar Acquisition Corp. I surged post market after the company noted in a Securities and Exchange filing that shareholders had approved a proposed business combination with Everli Global. The stock climbed 73% to $19.00 after the closing…
Rent the Runway Shares Surge After Three Large Investors Increase Stakes
Shares of Rent the Runway jumped in late trading after three investors disclosed purchasing additional shares in the clothing-rental company. The stock rose 42% in late trading to $3.27. Through Friday's close, shares had dropped about 71% so far…
Barclays is latest to redirect spending toward AI as it trims its workforce
The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources. That can mean an end to some jobs once done by humans. Yet in many cases it means…
Stocks to Watch: Fair Isaac, Rent the Runway, Melar Acquisition
Fair Isaac said it was keeping its pricing at $10 on its FICO score bundle for mortgage lenders. Shares fell 6.8% to $759.97 in after-hours trading Friday. Three investors disclosed purchasing additional shares in Rent the Runway. The stock climbed…
Rithm Capital Shares Gain on 3Q Earnings Beat
Shares of Rithm Capital rose after the company's third-quarter earnings came in ahead of analyst expectations. Shares rose 6.7% to $9.26 on Friday. The stock is down 15% year to date. The alternative asset manager reported a profit of $253.3…
Verisk to Proceed With $2.35B AccuLynx Deal Following Court Order
Verisk will proceed with its $2.35 billion acquisition of AccuLynx following a Delaware Supreme Court order. The state's high court on Friday affirmed a Delaware Chancery Court ruling that found the data analytics and technology provider wasn't…
Tompkins Financial Raises Quarterly Dividend by 5.7%
Tompkins Financial's board has raised the banking and financial-services company's quarterly dividend by 5.7%, to 74 cents from 70 cents. The new payout, equal to $2.96 a year, represents an annual yield of about 2.94% based on Thursday's closing…
When Institutional Opportunities Become Retail Expectations
Bill Capuzzi is the CEO of Apex Fintech Solutions, advancing digital custody, clearing, and wealthtech for the next generation. There used to be a clear hierarchy in investing. Institutions got first access to the best opportunities, and…
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