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The Latest Breaking News from fintech

PPP firms gave selves loans, bought Porsche, $8M home, says report on COVID loan fraud

WASHINGTON — Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the COVID-19 small business relief program.

McClatchy Washington Bureau

London’s race to the fintech frontier puts it in pole position for attracting start-ups

Survey among ‘unicorn’ firms shows the capital is doing well in the battle for talent

Evening Standard

London fintech Wise recruits over 1,000 new employees as sales boom

The firm plans to recruit a further 300 roles, of which 100 are London-based

Evening Standard

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Trade department announces first Scottish 'export champions'

The 13 business leaders have been chosen from key sectors, including energy, food and drink and fintech

Insider UK

Taipei Entrepreneurs Hub Demo Day 2.0 Debuts at the Taipei Expo with Over Ten International Startups in Four Innovative Sectors SPONSORED

"Taipei Entrepreneurs Hub Demo Day 2.0," the annual industrial talent exchange program consisting of a demo day and a matchmaking event, debuted at the "2022 Taipei International Startup Week," where 10 overseas startup teams, the winners of twoonline pitch contests, met with 3 native startups from Taipei. These teams have…

The News Lens

Nine Northern Ireland names make it onto list of fastest growing tech companies on the island

Belfast-based fintech company Lightyear, which appears in the Deloitte Fast 50 for the first time, is the highest ranked Northern Ireland business

Birmingham Post

Closed accounts, no money: Chime app users complain they were suddenly shut out of their online accounts

Consumers have filed hundreds of complaints saying accounts with the popular fintech app were closed without warning. The company says it can close them “for any reason or no reason.”

Chicago Sun-Times

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London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector

Zilch joins rival Klarna in making a series of layoffs in a bid to cut costs as investors weigh the prospects for BNPL firms after higher borrowing costs squeeze profits

Evening Standard

Fintech startup makes move to Cardiff following equity investment

The company recently closed a pre-seed round of £520,000 led by the Development Bank

Birmingham Post

Dramatic collapse of the cryptocurrency exchange FTX contains lessons for investors but won't affect most people

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the second-largest cryptocurrency exchange, FTX, was valued at more than US$30 billion. By Nov. 14, FTX was in bankruptcy proceedings along with more than 100…

The Conversation

Fintech start-up Agam relocating to Wales following latest investment round

Investors in the round include the Development Bank of Wales

Birmingham Post

“This is fraud:” Coinbase CFO says of FTX as more crypto fintechs get caught in contagion

Alesia Haas is trying to assure consumers that FTX was merely a bad actor and is not representative of the whole industry.

Fortune

10 Maryland Fintechs Aiming To Make Your Financial Life Easier

If you’re into fintech, you’ll want to join the more than 1,000 attendees expected at this year’s Benzinga Fintech Deal Day & Awards. Make critical connections with successful fintech leaders, and meet more fintech business leaders in one day than you would in a year.

Benzinga

3 Fintech Stocks to Avoid Into the End of 2022

The pandemic brought massive growth opportunities for the fintech industry as investments in the sector boomed. However, the deteriorating macroeconomic conditions have dampened investors’ faith in the industry’s prospects. Amid this backdrop, it could be wise to steer clear of fundamentally weak fintech stocks Block (SQ), Marathon Digital Holdings (MARA),…

StockNews.com

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Benzinga

5 Baltimore Fintechs To Watch

Fintech has changed the way people do business. People all over the world today use fintech apps like Venmo and Zelle to send money, or PayPal and TorFX to conduct business transactions.

Benzinga

5 Boston Fintechs Aiming To Make Your Financial Life Easier

Financial technology, or fintech, is cutting-edge technology used to help improve and automate the delivery of financial services. Fintech companies are not financial institutions, but instead financial applications like Zelle and Venmo that help both businesses and individuals send money faster and easier.

Benzinga

Hey, Kirsten Gillibrand! You're Invited To Benzinga's December 2022 NYC Crypto And Fintech Events. See You There?

Benzinga cordially invites Senator Kirsten Gillibrand to attend Benzinga's next event, The Future of Crypto summit, on December 7-8, 2022, at NYC's Pier Sixty. No RSVP is required. Just show up, and we'll cover your stay, too!

Benzinga

Hey, Cathie Wood! You're Invited To Benzinga's December 2022 NYC Crypto And Fintech Events. See You There?

Founded in 2009 by CEO Jason Raznick, Detroit-based Benzinga is one of the largest content providers to global brokerages and media houses, including Yahoo, MarketWatch, and Insider.

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news in one place.

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Benzinga

5 New Jersey Fintechs Aiming To Make Your Financial Life Easier

While San Francisco and New York City may be the fintech capitals of America, New Jersey is quickly on the rise. According to the website Billtrust.com, many fintech companies are making the exodus from the Big Apple to the Garden State.

Benzinga

3 Bitcoin, Fintech Plays That Can 2x From Current Levels? Why This Analyst Is Bullish On Block, Coinbase, PayPal

Payment processors Block Inc. (NYSE: SQ) and PayPal Holdings Inc. (NASDAQ: PYPL) and cryptocurrency exchange Coinbase Global Inc.

Benzinga

Hey, Michael Arrington! You're Invited To Benzinga's December 2022 NYC Crypto And Fintech Events. See You There?

Benzinga cordially invites Michael Arrington to Benzinga's next event, The Future of Crypto summit, on December 7-8, 2022, at NYC’s Pier Sixty. No RSVP is required. Just show up, and we’ll cover your stay, too!

France 24

Fintech in Africa: 'It's the next frontier, if not the last frontier'

Fintech startups increased in value by more than 80 per cent across Africa last year, led by strong performances in South Africa, Nigeria and Kenya. Funding for these firms has more than doubled in the first six months of this year, with over 640 tech hubs now in operation across…

Benzinga

These 5 New York Fintechs Aim To Make Your Financial Life Easier

Fintech is the coming together of finance and technology. It is the application of technological advancements to expedite the use and transfer of financial services like traditional tender and cryptocurrencies such as Bitcoin and Ethereum.

StockNews.com

3 Fintech Stocks to Avoid Until Further Notice

While the pandemic brought massive growth opportunities for the fintech industry as digital transactions skyrocketed, the current uncertain macroeconomic environment has dampened the industry’s prospects. The stock market is expected to remain under pressure amid growing fears of recession. Therefore, it could be wise for investors to avoid fundamentally weak…

Benzinga

Hey, Mark Cuban! You're Invited To Benzinga's December 2022 NYC Crypto And Fintech Events. See You There?

Benzinga cordially invites Mark Cuban to attend its next event on Dec. 7-8, 2022, at NYC’s Pier Sixty. No RSVP is required. Just show up, and we’ll cover your stay, too!

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