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The Latest Breaking News from fintech

How Tide’s determined rise cost UK taxpayers millions

The fintech gained a wave of new customers after signing up to the Covid bounce back scheme, but now a third of the loans it made have gone bad

The Guardian - UK

All in the Family: Cash-strapped ZhongAn Taps Chairman's Ties to Fund a Money-losing Unit

Key Takeaways: Sinolink will buy about 156 million new shares in ZhongAn’s overseas business development unit, ZhongAn International, for about $103 million The deal comes in a difficult year for ZhongAn, whose own cash holdings are dwindling By Warren Yang

Benzinga

Green Check Verified Acquires PayQwick To Boost Financial Ecosystem And Help Cannabis Businesses

Green Check Verified (GCV), a leading fintech provider of compliant cannabis solutions and services to financial institutions, announced deal terms, to acquire PayQwick, which has been servicing underbanked cannabis businesses with payments and lending since 2015. The deal was unanimously approved by both boards.

Benzinga

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LendInvest opens new office in Glasgow

Property finance firm opens its first site outside of London and is looking for new staff to fill it

Insider UK

Saudi Central Bank Facilitates Entry of Fintech Companies into Kingdom’s Market

The Saudi Central Bank (SAMA) on Wednesday announced that it has updated the Framework of its Regulatory Sandbox. The move is part of its efforts to achieve several national strategic goals by promoting the regulatory sandbox's involvement in the Financial Sector Development Program (FSDP), a key objective of the Saudi…

Asharq Al-Awsat

1 Fintech Stock to Avoid Right Now and 2 to Buy

Continued digitization of businesses and financial transactions would drive the fintech industry’s growth. However, economic uncertainties and geopolitical headwinds have weighed heavily on investors’ sentiment surrounding fintech stocks. So, this may be the right time to offload fundamentally weak fintech stock Block (SQ) and load up promising industry participants Everi…

StockNews.com

Grab, Singtel join Singapore’s digital bank battle next week

Grab Holdings Ltd and Singapore Telecommunications Ltd plan to roll out a banking app next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

Bangkok Post

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New coding academy launched to address FinTech skills gap in Wales

The programme has already helped 28 people to become front and back-end developers including ex-PGA golfer Richard King

Birmingham Post

County Durham's Growth Capital Ventures leads £695,000 investment into fintech firm Finexos

Finexos has received the funding to drive its platform that aims to improve access to credit for millions of people

Birmingham Post

Does Fintech Darling Affirm Holdings Still Deserve a Spot in Your Portfolio?

Fintech firm Affirm Holdings (AFRM) became one of the investor darlings during the height of the pandemic thanks to the remote lifestyles. However, the stock is trading more than 80% below its 52-week high. Is it wise to add AFRM to your portfolio as the company reported better-than-expected earnings and…

StockNews.com

Investment Banks Are Now Turning To 'Infrastructure As A Service': Here's A Major Player In The Sector And How It Works

Benzinga is hosting its Global Fintech Awards at New York City’s Pier Sixty, Dec. 8, 2022.

Benzinga

If Crypto Is 'Too Big To Fail,' Secure Infrastructure Is Needed, Prime Trust Exec Says

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

Benzinga

Starling and Monzo beat big banks in customer satisfaction survey

298-year-old Royal Bank of Scotland came bottom of the list

Evening Standard

Shooting hoops, tramping and cooking: The Kiwi firm slam-dunking its recruitment

An Auckland fintech is throwing out the hiring script and doing its final interviews on the basketball court, on the tramping track or in the kitchen.

Newsroom.co.nz

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Benzinga

Use This '15 Second' Analysis Tactic On The Stock Market To Weed Out The Noise

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

StockNews.com

3 Fintech Stocks to Avoid in August 2022

Although the fintech industry is expected to grow in the long run, headwinds like rising interest rates and multi-decade high inflation have led to a massive correction in financially weak fintech stocks Block (SQ), SoFi Technologies (SOFI), and Forge Global (FRGE). Amid the looming recession, it could be wise to…

Benzinga

Meet The Company Streamlining Crypto Risk Compliance For Exchanges

This article is the first in our Fintech& series, leading up to Boston Fintech Week, which will take place from Sept. 27-29.

The Hindu

Loan app fraud: ED attaches bank balance worth ₹105.32 crore

Proceeds of crime stand at ₹819 crore; total attachment is ₹264.3 crore so far

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Benzinga

Huobi Global Sees Itself As Safe-Haven 'Not Affected' By Crypto Winter, Turmoil

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.

Evening Standard

Meet the ‘finfluencers’: fintech influencers to follow now

Up to speed with Fintech 2.0? Worry not - here’s our guide to some of the most influential fintech thought leaders from around the world

StockNews.com

2 Fintech Stocks to Buy for the Long Term

While fintech companies experienced immense pressure amid the market sell-off, the industry is poised to witness solid growth on the back of increased adoption of innovative technical solutions and rising demand for digital transactions. So, we think it could be wise to buy the shares of fundamentally sound fintech stocks…

Birmingham Post

Indian and Canadian firms announce Midlands investments as Birmingham hosts Commonwealth Games

Canadian fintech firm and an Indian plastic tech platform will expand into the region

Birmingham Post

Fintel sees earnings rise as regulation drives demand for its products

The Yorkshire provider of fintech and support services to the retail financial services sector drew attention to its spending power

Birmingham Post

FinTech Wales launches third accelerator programme

Start-up firms from banking, insurance, financial services, and FinTech are encouraged to apply

The Conversation

Investing in crypto-assets: How to limit the risk of being exposed to fraud

In 2017, thousands of investors in over 175 countries found themselves with empty pockets after having invested nearly US$4 billion in a cryptocurrency called “OneCoin”. The mastermind behind the project, Ruja Ignatova, vanished with what is believed to be the entire amount missing.

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