Tag Archives: FinTech News

CoinspeakerTikTok Is Working to Secure Payment License in Indonesia Securing this license would mean that TikTok would be directly competing with big e-commerce companies like Shopee and Lazada in Southeast Asia. TikTok Is Working to Secure Payment License in Indonesia

CoinspeakerSoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations The company reported record-breaking new member additions, surpassing the 584,000 mark. SoFi Technologies Reports Impressive Q2 2023 Earnings, Surpassing Expectations

CoinspeakerUS Brokerage Startup Public Makes Foray in UK Public aims to reduce the overall costs for investors, making its platform more appealing to UK users. US Brokerage Startup Public Makes Foray in UK

CoinspeakerMastercard Implements AI Fraud Detection Tool in Nine UK Banks to Prevent APP Scams TSB, one of the nine banks, said the Mastercard AI tool has increased its APP fraud detection ability by 20%. Mastercard Implements AI Fraud Detection Tool in Nine UK Banks to Prevent APP Scams

Innoviti processes over $10 billion in transactions annually across more than 2,000 cities in India.  Innoviti Technologies, an Indian fintech startup, is exploring a fresh funding round that could potentially value the company at approximately $350 million, Bloomberg reported on June 28, citing people familiar with the matter. According to the report, the company seeks to raise around $25 million in the financing round to boost its business offerings and increase its market dominance....

The latest announcement means that Tencent and Ant want to allow visitors to make payments with different vendors in China. Foreigners can now easily pay for goods and services in China as payment giants Tencent and Ant Group said users can directly link international credit cards to their platforms. Therefore, tourists can connect their pay via the two dominant mobile pay apps- Tencent’s WeChat Pay and Ant Group’s Alipay. Over the years, China’s payment system has kept credit cards out of...

Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue. British fintech online money transfer firm Wise’s (LON: WISE) stock jumped almost 18% on Tuesday in reaction to a rise in company profits. In a recent statement, the London-based fintech noted that its profit before tax tripled to £146.5 million ($186.5 million). The company also reported that its earnings per share tripled to 11.53 pence. According to data from...

According to reports, problems began at Wyre when it set withdrawal limits for user accounts, claiming the community’s best interests. Wyre, a prominent payments firm in the crypto industry, has recently planned toward the closure of its business as it plans to cease operations by the end of next month. As highlighted in a tweet, the company attributed this move to protecting the best interests of its key stakeholders and customers, citing market conditions as the primary motivator....

Zepz CEO revealed that the company is preparing to introduce its first digital wallet, with a focus on meeting the requirements of migrant communities that frequently send money home. In the fast-paced world of financial technology, staying ahead of the competition often necessitates bold and clever initiatives. with Zepz targeting expansion through Mergers and Acquisitions (M&A). The CEO of Zepz, Mark Lenhard, recently shared this exciting development in an interview with CNBC. While...

For Adenza, the acquisition represents a significant milestone in the company’s growth trajectory. Just recently, Nasdaq Inc (NASDAQ: NDAQ), the leading US-based technology firm serving the global financial system announced the acquisition of Adenza, a software application provider. The deal, which is valued at $10.5 billion in cash and common stock, will see the complete takeover of the firm by Nasdaq from Thoma Bravo, an American private equity and growth capital firm. Interestingly, the...