Wall Street fintech EquiLend offline after cyberattack
(Reuters) – Fintech firm EquiLend said on Wednesday it had identified a cybersecurity incident involving unauthorized access to its systems, leading to a portion of systems going offline. The securities lending platform…
Fintech firm Titan to pay over $1 million to settle US SEC charges
By Chris Prentice NEW YORK (Reuters) -Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1 million to settle charges from the U.S. Securities and Exchange Commission (SEC)…
Mexican fintech Klar lands $100 million debt line in loan book boost
By Kylie Madry (Reuters) – Mexican financial services startup Klar has received a $100 million debt facility from investment firm Victory Park Capital, it announced on Tuesday, meant to expand the company’s…
Goldman Sachs fintech executive Stephanie Cohen to take leave of absence: memo
By Lananh Nguyen NEW YORK (Reuters) – Stephanie Cohen, the head of Goldman Sachs Group Inc’s fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said…
China regulator asks Futu and UP Fintech to stop soliciting mainland clients
SHANGHAI/HONG KONG (Reuters) -China’s securities regulator said on Friday that online brokerages Futu Holding and UP Fintech Holding have conducted unlawful securities businesses, and will be banned from opening new accounts from…
Walmart plans to offer BNPL loans through its fintech venture – report
(Reuters) – The fintech venture backed by Walmart Inc is planning to launch buy now, pay later loans as soon as next year, the Information reported on Thursday, citing three people familiar…
Texas-based fintech firm GloriFi to shut down – WSJ
(Reuters) – Texas-based fintech firm GloriFi is shutting down and laid off most of its employees, the Wall Street Journal reported on Monday, citing people familiar with the matter. The company’s decision…
Mark Cuban-backed fintech Dave says no customers exposed to FTX
By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Entrepreneur Mark Cuban-backed Dave Inc said on Thursday none of its customers were exposed to FTX and it has not launched any products…
JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end – sources
By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com aims to win Beijing regulators’ approval to list in Hong Kong as…
Mexico’s FEMSA plans push for European kiosks, B2B fintech
By Kylie Madry MEXICO CITY (Reuters) – Mexican bottler and retailer FEMSA is banking on an expansion of Swiss kiosk operator Valora in upcoming quarters as well as a business-to-business service through…
Fintech Marqeta pushes into banking for next growth phase
By Hannah Lang (Reuters) – Marqeta, a fintech company focused on payments services, is launching a suite of new banking products in a major push to deepen its relationships with customers which…
Leonardo Dicaprio-backed fintech Aspiration names new Chief Executive Officer
(Reuters) – Fintech startup Aspiration, backed by Hollywood celebrities Robert Downey Jr and Leonardo DiCaprio, on Thursday announced the appointment of Olivia Albrecht as its new Chief Executive Officer. Albrecht, who joined…
Cannabis fintech Bespoke to expand BNPL base in cash-starved industry
By Ruhi Soni (Reuters) – Fintech firm Bespoke Financial is looking to expand its ‘buy now pay later’ service for cannabis businesses in California and Massachusetts later this year, its Chief Executive…
State bank VTB, fintech firm execute Russia’s first digital asset deal
MOSCOW – Russian lender VTB’s VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on Wednesday. In February blockchain platform Atomyze…
Republican senator says Fed has revoked master account for controversial fintech
By Pete Schroeder WASHINGTON – A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been…
China scrutiny stymies JD.Com fintech unit’s $2 billion Hong Kong IPO – sources
By Julie Zhu and Scott Murdoch HONG KONG – JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO…
Everi Holdings to Showcase In-Demand Games, FinTech Advancements, and Digital Content at the 2022 Indian Gaming Tradeshow & Convention
New Player Classic Signature™ Mechanical Cabinet, Over 10 Themes on the Empire Flex™ Portrait Cabinet, FinTech “Digital Neighborhood,” and Spark™ Remote Game Server Among Everi Offerings at Indian Gaming Tradeshow & Convention…
Cannabis Fintech Provider Shield Compliance Boosts Market Leadership
Demand for cannabis banking services continues to grow, creating new revenue opportunities for financial institutions. SEATTLE, March 16, 2022 — Shield Compliance (https://www.shieldbanking.com/), a compliance management solution for cannabis banking, continues its rapid…
JPMorgan to buy Irish fintech firm Global Shares
– JPMorgan Chase & Co said on Tuesday it would buy Global Shares, an Irish fintech firm whose software helps businesses manage employee stock plans. The deal, the terms of which were…
Visa partners with fintech Tribal in Latam to expand small business offerings
By Lisa Pauline Mattackal – Visa Inc, the world’s largest payment processor, will partner with payment and financing firm Tribal to expand its offerings for small-and-medium-sized businesses in Latin America and the…
SAP to buy U.S. fintech Taulia; eyes metaverse opportunities
By Supantha Mukherjee and Nadine Schimroszik STOCKHOLM/BERLIN -SAP said on Thursday it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group…
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