Fintech Revolut bets on Mexico growth, expects remittances as driver
By Diego Oré MEXICO CITY (Reuters) - Financial technology company Revolut expects strong growth prospects in Mexico where it aims to dedicate more than $100 million this year, the firm's top local executive told Reuters, as it looks to take advantage
Rakuten Group aims to integrate bank, fintech units
By Rocky Swift and Anton Bridge TOKYO (Reuters) - Rakuten Group plans to integrate its fintech businesses into one group, it said on Monday, aiming to strengthen collaboration and customer acquisition across areas from online banking and credit cards to securities
EquiLend restores some services after cybersecurity incident
By Laura Matthews and Manya Saini (Reuters) - Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a
The most in-demand tech professions in 2024
Tech professions 2024: Instability is at the heart of tech, with innovations constantly changing the interplay of roles and skills. The past two years have been particularly volatile, with rising interest rates, funding drying up, and the beginning of mass layoffs.
Fintech heavyweight Kaspi.kz valued at $17.5 billion in tepid Nasdaq debut
By Niket Nishant (Reuters) - Kaspi.kz was valued at $17.51 billion when its shares debuted 0.5% above their offer price on Friday, a day after the Kazakhstan-based banking and fintech giant fetched $1 billion for its investors in an upsized IPO. The
US fintechs push into fixed-income trading as retail investor interest grows
By Hannah Lang (Reuters) - U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest sparked by soaring yields in 2023. Online brokerage Public, wealth management platform Wealthfront
Fintech Nubank to launch personal loans for Mexican market
By Valentine Hilaire MEXICO CITY (Reuters) - Nubank, one of Latin America's biggest fintech companies, announced on Tuesday the launch of personal loans for the Mexican market, aiming to boost its financial services portfolio in the region's second-largest economy. The new product
Fintech and AI: the next wave of financial solutions
Artificial intelligence is fundamentally changing the way people interact with money. Everyone can benefit from the application of this technology. Not only financial institutions but also bank customers and investors. Fintech shows a strong appetite for adopting the latest artificial intelligence technologies,
Fintech Vesttoo seeks Chapter 11 bankruptcy protection
By Carolyn Cohn LONDON (Reuters) - Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on