Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator’s financial technology products. The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq’s financial technology business rose nearly 9.8% […]
Fintech
“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps
The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a slice of the fast-growing business of managing money for the wealthy. The newcomers are aggressive, favoring in-your-face advertisements over partnerships with luxury brands or mingling at high-society events to identify […]
Brooklyn Travel Selects BR-DGE to Expand Payment Options Amid Travel Industry Bounce Back
Brooklyn Travel, a Scottish travel group with multiple brands, has selected a payment orchestration solution from BR-DGE to modernise its tech stack and expand the number of payment method choices it offers its end customers. Glasgow-based Brooklyn Travel has signed a three-year deal for fellow Scottish trailblazer BR-DGE to become its sole payments orchestrator. Through […]
Embedded Finance Can Solve Employee Unhappiness Surrounding Employer Reimbursement Failures
Embedded finance specialist, Weavr has raised a serious cause for concern amongst employers as it found that employees in the UK lost an estimated £690million in unclaimed and unpaid expenses, with 81 per cent stating they were left out of pocket by their employer for more than a month, leading to financial and mental health concerns. The Weavr report, The […]
Asset-Based Finance in Action: A Buy Now, Pay Later Loan Portfolio
Sometimes, companies that aren’t banks find themselves in the lending business. Offering financing helps customers make big-ticket purchases or buy more items at once, benefitting both the business and the borrower. However, loans can complicate things. If a company has too much debt on its balance sheet, the market might start treating it like a […]
Senate Banking Committee convenes its first digital assets subcommittee
The new Senate subcommittee focused on the blockchain world will be led by two solidly pro-crypto legislators: Sen. Cynthia Lummis (R.-Wyo.) will chair while Sen. Ruben Gallego (D-Ariz.) will serve as its ranking member. Why it matters: Gallego had the backing of Fairshake and its affiliated pro-crypto PACs. His appointment is a win for the industry and […]
Warren Buffett’s Berkshire Hathaway Increases Holdings in Brazilian Digital Bank Nubank
Berkshire Shares in Nubank Rises to 0.4% Berkshire Hathaway’s stake in Nubank rose from 0.1% in Q4 2022 to 0.4% in Q3 2024, according to recent U.S. Securities and Exchange Commission (SEC) filings. This increased Hathaway’s holdings to 86 million Nubank shares, valued at nearly $1.2 billion. Nubank is a digital banking business based in […]
Barclays to shutter its Rise fintech accelerator, hub
British banking giant Barclays is closing its fintech accelerator program, Rise, by mid-2025, leaving New York City-based founders and venture capitalists reeling with what one founder compared to losing “a home.” Barclays Head of Partnerships and Innovation Kristen Bennie informed Rise members last week that Rise and its associated academies would be winding down and […]
Tech Industry Sues CFPB Over ‘Chilling’ Effect on Digital Wallets
The Consumer Financial Protection Bureau (CFPB) is under fire from seemingly all corners, and various legal challenges have alleged that the agency’s recent ramping of its rule-making through the past few months is illustrative of a regulator that’s overstepped its bounds. In the case of the most recent legal action (as of this writing), critics/plaintiffs have argued […]
VeriPark and Canadian credit unions team up on digital banking
VeriPark, an omnichannel customer experience solutions provider, has collaborated with a coalition of Canadian credit unions and financial institutions to launch a digital banking solution specifically designed for the Canadian market. This coalition comprises First West Credit Union, Prospera Credit Union, DUCA Credit Union, and Coastal Community Credit Union. It seeks to foster innovation, improve […]
