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 Plaid Nabs $8 Billion Valuation in Latest Funding Round
Plaid Inc., one of the US's biggest financial technology firms, secured an $8 billion valuation in its latest funding round, according to people familiar with the matter. The company raised the funds to offer employees a way to get liquidity for…
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI
Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to its use of artificial intelligence. “The core…
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI
BANGKOK (AP) — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use…
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI
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Jack Henry & Associates, Inc. (JKHY) Added to Wells Fargo's 'Fab 5' Fintech Picks
Jack Henry & Associates, Inc. (NASDAQ: JKHY) is among the 20 Best Investments in 2026. Jack Henry & Associates, Inc. (NASDAQ:JKHY) is one of the best investments. TheFly reported on February 17 that Wells Fargo upgraded JKHY from Equal Weight to…
How This GV Investor Looks For The Next Stripe And Other 'Compounding' Startups In Fintech And AI
A partner at GV (Google Ventures), Sakach has helped lead the firm's investments in high-profile startups such as Humans&, Ramp, Stripe, Tennr and Basis. Unsurprisingly, considering her involvement in so many significant fintech deals, Sakach…
London Broncos signs deal with Australian fintech OFX
London Broncos have expanded their sponsorship portfolio, signing a deal with global financial operations company OFX. It comes as London Broncos, the only major English rugby league club south of the sport's northern heartlands, seek promotion to…
Fintech Stocks To Follow Now - February 26th
3 Stocks Well Below 52-Week Highs Poised for a Q4 Rebound Rocket Companies, Joint Stock Company Kaspi.kz, UP Fintech, IDT, DeFi Development, PPDAI Group, and Wealthfront are the seven Fintech stocks to watch today, according to MarketBeat's stock…
Terminus invests in fintech firm Eventus
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Block's Jack Dorsey wants nimble and quick. He thinks AI will do the trick.
Block be nimble/Block be quick/Jack thinks cutting nearly half his staff because of AI will do the trick. Block CEO Jack Dorsey announced he's cutting nearly half his staff, axing more than 4,000 of the company's 10,000 employees. It's a drastic…
Jack Dorsey Bets Block's Future On AI, Cuts Nearly Half Its Workforce
MIAMI, FLORIDA - JUNE 04: Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04…
Billionaire Martinez Says $1.1 Billion AHMSA Auction Delayed
Billionaire David Martinez tried to acquire troubled steelmaker Altos Hornos de Mexico SA in an auction declared deserted by a judge on Thursday. The bidding process for AHMSA, as the company is known, had a minimum ask of $1.1 billion, in which a…
Japan Industrial Production Rebounds on Pre-Holiday Demand
TOKYO--Japan's industrial production returned to growth in the first month of the year, recovering from the previous month's contraction on the back of pre-holiday demand. Industrial output rose 2.2% on month in January, following December's 0.1%…
Thousands of layoffs come with warning to American workers
A major financial technology (fintech) company has laid off thousands of employees, citing advances in artificial intelligence (AI) that it says are changing how businesses operate. The sweeping round of layoffs at Block, the company behind fintech…
Making Digital Payments Feel Human Is Next Competitive Edge
The FinTech landscape has overindexed on innovation. But in an operational landscape defined by automation, predictive analytics, and invisible payments, the most important innovation in financial technology may ultimately be an attitudinal one.
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