FinTech News
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Fintech Startup Cushion Closes After Eight Years Amid Industry ShiftsCushion, a fintech company that helped consumers manage bank fees and buy now, pay later (BNPL) loans, has shut down. The closure highlights the ongoing struggles fintech startups face, even as some companies prepare for public offerings.
Monday, February 10th 2025 01:00AM -
The DOGE Experiment: A Fintech Disruption or a National Risk? - FTW Sunday EditorialThe Department of Government Efficiency (DOGE) is reshaping federal finance, blending fintech innovation with public policy. While promising modernization and cost savings, its approach raises concerns about security, oversight, and regulatory impact. Is this a fintech revolution or a national risk?
Sunday, February 9th 2025 01:00AM -
Experts Urge Caution in Developing Conscious AI SystemsOver 100 AI experts, including Sir Stephen Fry, have signed an open letter advocating for responsible research into artificial intelligence consciousness. They propose five guiding principles to prevent potential suffering in AI systems if consciousness is achieved.
Saturday, February 8th 2025 01:00AM -
Ondo Finance Launches Ondo Chain to Bridge Traditional Finance and BlockchainOndo Finance has introduced Ondo Chain, a layer-1 blockchain designed to facilitate the tokenization of real-world assets, aiming to integrate traditional financial systems with decentralized finance.
Friday, February 7th 2025 01:00AM -
Trump's Tariffs: Assessing the Impact on Fintech CompaniesPresident Donald Trump's recent tariffs on imports from Canada, Mexico, and China may affect financial technology (fintech) firms. This article examines potential consequences for the fintech sector.
Friday, February 7th 2025 01:00AM -
Trump Media Expands into Finance with Truth.Fi: A Strategic Play in Bitcoin, Energy, and U.S. ManufacturingTrump Media & Technology Group (TMTG) is stepping into financial services with Truth.Fi, a platform designed to offer investment products aligned with “America First” economic priorities. The company has filed trademarks for six funds focusing on Bitcoin, domestic manufacturing, and energy independence. With backing from Charles Schwab and Yorkville Advisors, the initiative aims to challenge traditional investment institutions.
Thursday, February 6th 2025 01:00AM -
SoftBank Deepens Ties with OpenAI Through Major Investments and Joint VenturesSoftBank Group is strengthening its partnership with OpenAI by planning a substantial investment and establishing joint ventures to advance artificial intelligence (AI) services globally.
Wednesday, February 5th 2025 01:00AM -
DeepSeek's AI Model: Opportunity and Risk for Small Tech CompaniesDeepSeek's AI model provides small tech companies with access to advanced artificial intelligence at a lower cost, offering both potential benefits and serious challenges, particularly regarding privacy, security, and server reliability.
Tuesday, February 4th 2025 01:00AM -
India's Digital Rupee Gains Momentum with Fintech IntegrationIndia's Digital Rupee, introduced by the Reserve Bank of India (RBI) in December 2022, gains momentum. Cred has become the first fintech to offer access to the e-rupee, aiming to streamline transactions and boost usage among creditworthy individuals.
Monday, February 3rd 2025 01:00AM -
Europe Launches OpenEuroLLM to Strengthen AI IndependenceEurope has initiated OpenEuroLLM, a collaborative project aimed at developing open-source large language models. The goal is to enhance the continent’s digital autonomy and competitiveness in artificial intelligence.
Monday, February 3rd 2025 01:00AM -
Fintech IPOs Pave a New Path in Financial ServicesThis article examines the rising wave of public offerings among fintech firms. It outlines recent developments, key market drivers, and investor sentiment as these companies prepare for public listings in 2025.
Sunday, February 2nd 2025 01:00AM -
Meta's Strategic Policy Overhaul: A Comprehensive AnalysisIn a series of decisive moves, Meta Platforms Inc., the parent company of Facebook and Instagram, has enacted significant changes to its workforce policies, affecting diversity initiatives, performance evaluations, and content moderation.
Friday, January 31st 2025 01:00AM -
ECB Cuts Interest Rates as Inflation PersistsFrankfurt, January 30, 2025 – The European Central Bank (ECB) has moved to cut interest rates, adjusting its monetary stance in response to persistent inflationary pressure. The decision, announced Thursday, marks the first rate cut in over a year, lowering the deposit facility rate to 2.75% and the main refinancing rate to 2.90%.
Thursday, January 30th 2025 01:00AM -
X and Visa Launch ‘X Money’—A Bold Move into PaymentsX is no longer just a social app. X isn’t just about tweets—or posts, as they’re now called. The platform is stepping into finance, introducing a payment system called ‘X Money’ in partnership with Visa. The idea? Instant money transfers, right inside the app.
Wednesday, January 29th 2025 01:00AM -
The Rise of DeepSeek and Its Founder Liang WenfengDeepSeek, founded by Liang Wenfeng, is carving its place in artificial intelligence by delivering innovative and cost-effective solutions.
Tuesday, January 28th 2025 01:00AM -
DeepSeek’s R1 Model Sparks Debate on the Future of AI DevelopmentDeepSeek, a Chinese AI company, has introduced its open-source R1 model, outperforming major players like OpenAI and Meta. The announcement has reignited discussions about whether open-source or proprietary models hold the key to AI’s future.
Monday, January 27th 2025 01:00AM -
FCA’s Next Steps in Crypto Regulation: What It Means for the UKThe Financial Conduct Authority (FCA) has taken a clear step forward in shaping the rules for cryptocurrencies in the United Kingdom. As digital assets continue to grow in importance, this initiative reflects the government’s aim to manage risks while supporting innovation.
Friday, January 24th 2025 01:00AM -
Fintech Trends & Predictions RoundtableThe Pro Manchester Fintech Committee roundtable recently convened industry experts to discuss the defining fintech trends of 2024 and their predictions for 2025.
Thursday, January 23rd 2025 01:00AM -
The Rise of Fintech: Transforming Financial Services and the Role of Finance ProfessionalsFinancial technology is swiftly moving forward and significantly disrupting the traditional financial services panorama. From the very beginning, FinTech has inflated to include other technologies including Blockchain, Artificial Intelligence, Machine Learning and Decentralized Finance (also known as, DeFi). The pertaining transition is changing the ways of services being delivered and modifying the responsibilities and the skills required in a finance professional. This paper evaluates the overall progression in FinTech, its inference in the financial services industry, and the required adaptability of finance professionals to stay afloat/ updated in the ever so changing technology sponsored automation, data analytics and emerging trends in technology.
Friday, December 6th 2024 01:00AM -
How Innovation and Technology Are the Keys to Improving Financial InclusionAccording to WEF estimates, there are 1.4 billion unbanked people worldwide.
Saturday, October 26th 2024 02:00AM -
Designing a Modern Gig Payments Solution: Key Challenges and SolutionsDesigning a modern gig payments solution requires a thorough understanding of the unique needs of gig workers and the technical complexities involved.
Saturday, October 26th 2024 02:00AM -
Revolutionizing Transactions: The Rise of Real-Time Payment ProcessingThe payment processing industry is on the brink of major disruption, one caused by technological growth and changing consumer expectations. Cloud computing, blockchain, and real-time payment (RTP) solutions are revolutionizing how transactions are conducted and settled from start to finish.
Saturday, October 26th 2024 02:00AM -
Leveraging Blockchain Technology for Enhanced Cash Flow Forecasting in Digital PaymentsBlockchain technology has gained immense popularity in recent years, reshaping how financial transactions are regulated, verified, and recorded. Since the evolvement of payments digitization continues, blockchain’s decentralized and transparent nature offers substantial potential for improving financial processes, including cash flow forecasting.
Saturday, October 26th 2024 02:00AM -
Navigating India’s financial inclusion journey through FintechsFinancial innovations have greatly improved financial inclusion by providing access to formal financial services to unbanked segments of population and businesses. Financial innovation has blurred the regulatory boundaries of the financial system, with nonbanks offering financial services and moving into financial intermediation. Telecom revolution, particularly mobile phones have allowed developing countries to leapfrog traditional banking models and make significant gains in financial inclusion.
Wednesday, July 31st 2024 02:00AM -
Embracing Autonomous Finance in the Fintech IndustryA significant issue consumers face when applying for financial products is the uncertainty about being approved and its potential impact on their credit profile. Today’s fintech products have moved into autonomous finance using machine learning (ML) models.
Thursday, March 7th 2024 01:00AM