DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Trump - 5 — - 5 Donald Trump's - 4 it's - 3 that's - 3 Rohit Chopra - 2 CFPB - 2 CNBC's - 2
Top related locs:
U.S Europe China Singapore LISBON Portugal Japan fintech
Top related orgs:
CNBC - 8 Apple - 4 Google - 4 Getty - 3 Business - 3 Consumer Financial - 2 Tech - 2 PayPal - 2

Search resuls for: "FinTech"


25 mentions found


☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle
  + stars: | 2024-11-21 | by ( Hugh Son | ) www.nbcnews.com   time to read: +3 min
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include payments services from Apple, Google and Amazon, as well as fintech firms including PayPal and Block and peer-to-peer services Venmo and Zelle. While the CFPB already had some authority over digital payment companies because of its oversight of electronic fund transfers, the new rule allows it to treat tech companies more like banks. “Digital payments have gone from novelty to necessity and our oversight must reflect this reality,” said CFPB Director Rohit Chopra. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.
Persons: ”, Rohit Chopra, CFPB, Trump Organizations: Consumer Financial, Tech, Apple, Google, PayPal, “, Federal
☆ CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
  + stars: | 2024-11-21 | by ( Hugh Son | ) www.cnbc.com   time to read: +3 min
The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps. That would include popular services from Apple and Google , as well as payment firms like PayPal and Block . "Digital payments have gone from novelty to necessity and our oversight must reflect this reality," said CFPB Director Rohit Chopra. A year ago, the CFPB said it wanted to extend its oversight to tech and fintech companies that offer financial services but that have sidestepped more scrutiny by partnering with banks. The CFPB said the rule will take effect 30 days after its publication in the Federal Register.
Persons: Rohit Chopra, CFPB Organizations: Banking, Housing, Urban Affairs Committee, Consumer Financial, Tech, Apple, Google, PayPal, Federal Register
☆ Robinhood to acquire TradePMR for $300 million: Here's what the CEOs have to say
  + stars: | 2024-11-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobinhood to acquire TradePMR for $300 million: Here's what the CEOs have to sayVlad Tenev, Robinhood Chairman & CEO, and Robb Baldwin, TradePMR founder & CEO, join CNBC's 'Halftime Report' to discuss the acquisition and what it means for the fintech landscape.
Persons: Vlad Tenev, Robb Baldwin, CNBC's Organizations: Robinhood, TradePMR
☆ Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen
  + stars: | 2024-11-19 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
Last week, Klarna made a confidential filing to go public in the U.S., ending months of speculation over where the Swedish digital payments firm would list. Still, the development drew buzz from fintech circles with market watchers asking if the move marks the start of a resurgence in big fintech IPOs. For now, that doesn't appear to be the case — however, founders say they'll be watching the IPO market, eyeing pricing and eventually stock performance. Hiroki Takeuchi, CEO of online payments startup GoCardless, said last week that it's not yet time for his company to fire the starting gun on an IPO. However, Zopa's CEO added that he's seeing signs pointing toward a more favorable IPO market in the next couple of years, with the U.S. likely opening up in 2025.
Persons: Hiroki Takeuchi, Zed Jameson, Klarna, they'll, Takeuchi, GoCardless, Lucy Liu, Airwallex, it's, Liu, Jack Zhang, We're, fintech IPOs, Navina Rajan, It's, Rajan, Jaidev Janardana, Janardana, that's Organizations: GoCardless, Bloomberg, Getty, Portugal —, CNBC, Summit, British, U.S Locations: LISBON, Portugal, U.S, Lisbon, Europe
☆ Insana: Stock market exuberance after Trump’s win could be overshadowing economic worries
  + stars: | 2024-11-19 | by ( Ron Insana | ) www.cnbc.com   time to read: +5 min
In the wake of President-elect Donald Trump's Nov. 5th victory, the stock and bond markets have had decidedly different reactions to the news. Initially, the stock market surged, while bonds sold off and drove interest rates higher. The bond market, along with other inflation indicators, have shown some concern about the notion that tax cuts pay for themselves. There have also been worries that the Trump tax cuts, if extended, would add considerably to annual deficits and the sum of the national debt. The stock market is viewed more favorably by many, as was Zeus in "Clash of the Titans."
Persons: Donald Trump's, Biden, Trump, Elon Musk, Vivek Ramaswamy, Ramaswamy, Ron Insana Organizations: Nasdaq, Trump, of Government, Social Security, Congressional, Office, CNBC Locations: U.S, Trump's, China
☆ Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem
  + stars: | 2024-11-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said. Super app platforms are often developed using cloud infrastructure to provide scalability, reliability, and efficient resource management. For example, Cambodia's Canadia Bank partnered with Tencent Cloud to launch a new mobile banking app in 2023. For instance, Amazon specializes in e-commerce, cloud services, and streaming, but does not have a single app integrating these services. Similarly, Microsoft offers enterprise solutions such as Office 365 and gaming, but lacks a comprehensive consumer-facing super app.
Persons: Dowson Tong, Tong Organizations: Tencent, CNBC, Singapore Fintech, Microsoft, Web Services, Google, Synergy Research, Cambodia's Canadia Bank, Amazon Locations: WeChat, China, SINGAPORE, Singapore
☆ Morgan Stanley upgrades this fintech stock, sees almost 30% upside from here
  + stars: | 2024-11-18 | by ( Sean Conlon | ) www.cnbc.com   time to read: +1 min
Accelerating earnings growth should drive shares of Futu Holdings higher, according to Morgan Stanley. The investment bank upgraded the fintech stock to overweight from equal weight and raised its price target by $45 to $115. Specifically, the analyst pointed to substantial client asset growth in the company's third-quarter results, forecasting a year-over-year increase of 38%. Beyond that, Huang expects earnings to see year-over-year growth of 19% in both 2025 and 2026 overall. FUTU YTD mountain FUTU, year-to-date Shares rose more than 2% in the premarket on Monday following the call.
Persons: Morgan Stanley, It's, Chiyao Huang, Huang Organizations: Futu Holdings Locations: Singapore, Japan
☆ Top Wall Street analysts are upbeat on these stocks for the long haul
  + stars: | 2024-11-17 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +6 min
Recommendations from Wall Street can help them make informed decisions on stocks and seek solid long-term returns. Top-rated analysts pay attention to multiple aspects when selecting stocks of companies with solid fundamentals and strong execution. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. See Amazon Stock Charts on TipRanks. Mahaney thinks UBER will gain from autonomous vehicle rollouts, given its position as the largest ride-sharing demand aggregator.
Persons: Brian White, White, TipRanks, Mark Mahaney, Mahaney, Andrew Harte, Jack Dorsey, Harte Organizations: Web Services, Amazon, Technologies, Uber's, Business, Uber Technologies, BTIG Locations: AMZN
☆ I pivoted into venture capital at 23 and my life has never been so exciting. Here's my advice for breaking into the industry.
  + stars: | 2024-11-17 | by ( Jamie Killin | ) www.businessinsider.com   time to read: +6 min
AdvertisementKatie Vasquez landed her first venture capital job at 23 years old. This as-told-to essay is based on a conversation with Katie Vasquez, a 26-year-old investor at Calibrate Ventures based in Santa Monica, California, on her experience working in venture capital. I'm an investor at Calibrate Ventures, an early-stage deep-tech venture capital firm. My advice for other people hoping to get into VC is to leverage your network and stay up to date on the industry. This experience provided a great foundation for thinking more about technical due diligence, tech architecture, and strategy, but moving into investing and venture capital felt like the most exciting path.
Persons: Katie Vasquez, I've, I'm, I'd Organizations: Brown University, Goldman, LA Tech, Synergist, Investor, Business Locations: Santa Monica , California, EY, fintech, Los Angeles, LA
☆ This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role
  + stars: | 2024-11-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com   time to read: +4 min
AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.
Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, —, Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida
☆ 'I love being my own boss': 30-year-old quit her job and halved her salary to run her side hustle full-time
  + stars: | 2024-11-16 | by ( Mike Winters | ) www.cnbc.com   time to read: +2 min
By November, she took the business, Cool Aunt Cleaners, full-time. Becoming an entrepreneur in her 20sCool Aunt Cleaners isn't Ortiz's first experience with entrepreneurship. Anna-Marie Ortiz cleaning an apartment. Matt Wolcott | CNBC Make ItIn its first month, Cool Aunt Cleaners brought in about $2,600 in revenue. After taking Cool Aunt Cleaners full time in November 2023, Ortiz was eager to scale it up.
Persons: Anna, Marie Ortiz, Ortiz, she's, —, isn't, that's, Matt Wolcott, it's Organizations: CNBC Locations: Wichita , Kansas
☆ Tencent opening its ecosystem will help transaction volume growth: Analyst
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTencent opening its ecosystem will help transaction volume growth: AnalystJulia Pan of UOB Kay Hian says a landmark cooperation between WeChat Pay and other e-commerce sites will help boost Tencent's transaction volumes, boding well for the tech giant's fintech business down the road.
Persons: Julia Pan, UOB Kay Hian Organizations: WeChat
☆ Inside Microsoft's struggles with Copilot
  + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +23 min
In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.
Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, —, Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City
☆ The top 10 family offices for startup investments
  + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.
Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore
☆ Crisis-era regulation has 'gone too far', Reeves tells UK finance sector
  + stars: | 2024-11-14 | by ( ) www.cnbc.com   time to read: +2 min
Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability. Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial industry which she said has shackled the City's global prospects since the global financial crisis and stifled UK economic growth. That has gone too far and, in places, it has had unintended consequences which we must now address." The former Bank of England economist will propose five priority growth opportunities to maximize potential for growth in UK financial services, namely capital markets, fintech, sustainable finance, asset management and wholesale services, and insurance and reinsurance, the excerpts showed. She said the first Financial Services Growth and Competitiveness Strategy would be published in spring to serve as a roadmap for growth, cementing the sector's place at the heart of the government's 10-year Industrial Strategy.
Persons: Rachel Reeves, Reeves, Donald Trump's, Keir Starmer Organizations: Britain's, Bank of England, Financial
☆ SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch
  + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com   time to read: +1 min
LISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company's CEO told CNBC. Zopa posted revenues of £222 million ($281.7 million) in 2023 and is expecting to cross the £300 million revenue milestone this year — that would mark a 35% annual jump. The firm also says it is on track to increase pre-tax profits twofold in 2024, after hitting £15.8 million last year. In 2024, we've hit or exceeded the plans across all metrics," CEO Jaidev Janardana told CNBC in an interview Wednesday. He said the strong performance is coming off the back of gradually improving sentiment in the U.K. economy, where Zopa operates exclusively.
Persons: Zopa, we've, Jaidev Janardana Organizations: CNBC, Zopa Locations: LISBON, Portugal, British, U.K
☆ Buy now, pay later provider Klarna says it filed confidentially for U.S. IPO
  + stars: | 2024-11-13 | by ( Mackenzie Sigalos Ryan Browne | Mackenzie Sigalos | Ryan Browne | ) www.cnbc.com   time to read: +3 min
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Klarna, which is known for its popular buy now, pay later business, announced Wednesday that it's confidentially filed IPO documents with the SEC. The company said the offering would follow the SEC's review process and is subject to market conditions. Analysts recently valued Klarna, which was founded in 2005, in the $15 billion range. Klarna's decision to go pursue a listing in the U.S. represents a major blow to European stock exchanges, which have been trying to encourage local tech companies to list at home. "European IPO markets have seen some recovery as of Q3 this year," she added.
Persons: Block's, it's confidentially, Klarna, Sebastian Siemiatkowski, CNBC's, Siemiatkowski, Siemiatkowski hadn't, Navina Rajan, We've, Rajan Organizations: SEC, SoftBank's Vision, Sequoia Capital, CNBC, Apple, Meta, London Stock Exchange Locations: London, Europe, U.S
☆ Will take necessary steps to support crypto and AI innovation in Japan
  + stars: | 2024-11-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe will take the necessary steps to accommodate crypto and AI innovation: Japan financial regulatorRyosuke Ushida of the Financial Services Agency of Japan discusses why cryptocurrencies are being regulated under the payment services act and regulations for use of AI in fintech remain "quite accommodative".
Persons: Ryosuke Organizations: Financial Services Agency of Japan Locations: Japan
☆ SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
  + stars: | 2024-11-12 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +4 min
SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.
Persons: SoftBank, —, Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance
☆ Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
  + stars: | 2024-11-11 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million. General Catalyst has $30 billion in assets under management and has backed major U.S. tech companies like Snap , Stripe and AirBnb . Lean Technologies' fundraising round also saw participation from Bain Capital Ventures, Stanley Druckenmiller's Duquesne Family Office, and Arbor Ventures, among others, bringing the Riyadh-based firm's total funding to over $100 million to date, according to a Sunday statement from the company. For three of those investors — General Catalyst, Stanley Druckenmiller and Bain Capital — this investment is their first in the kingdom. "If you look at the region's growth over the last three to five years, it's been phenomenal, but there is still so much more room for growth."
Persons: Catalyst, Stanley Druckenmiller's, Stanley Druckenmiller, Hisham Al, Falih, it's Organizations: Lean Technologies, Bain Capital Ventures, Stanley, Stanley Druckenmiller's Duquesne Family Office, Arbor Ventures, Bain Capital, CNBC Locations: Silicon, Saudi Arabia, U.S, Riyadh, Saudi
☆ I chose Europe over the US for my startup. The Silicon Valley startup benchmark is unparalleled, but I still prefer Berlin.
  + stars: | 2024-11-11 | by ( Charissa Cheong | ) www.businessinsider.com   time to read: +7 min
Ivan Maryasin founded Monite after moving from Silicon Valley to Berlin. Here's how its startup ecosystem compares to Silicon Valley. It's hard to find people with the same values or who'll know what you're talking about when you say, "Silicon Valley benchmark." AdvertisementI like living in Europe, but wouldn't rule out returning to AmericaMost people in Silicon Valley are focused on startups and innovation. If you're all about work and want to focus 24/7, Silicon Valley is the place to be.
Persons: Ivan Maryasin, —, I'd, that's, I've Organizations: Service, Hult International Business School, San Francisco, EU, LinkedIn, Facebook, MIT, Harvard, Business Locations: Silicon Valley, Berlin, Germany, Russia, Massachusetts, America, Moscow, Europe, it's, Zurich, Barcelona, London, San Francisco, California, Monite, Silicon
☆ Fintechs Upstart and Toast soar on earnings
  + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +2 min
Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Toast , which sells payments technology to restaurants, jumped 14%, closing at its highest since 2021. Toast is still well off its pandemic highs of 2021, but the stock has now more than doubled this year. The company's adjusted earnings forecast of $90 million to $100 million for the current quarter sailed past estimates. Coinbase shares jumped 48% for the week, their strongest performance since January 2023.
Persons: Chris Comparato, David Girouard, Donald Trump's, Coinbase, Trump, Gary Gensler, Bitcoin, dogecoin, fintechs, Jack Dorsey's, Robinhood Crypto Organizations: Inc, New York Stock Exchange, Nasdaq, SEC Locations: fintech, solana
☆ Fintech trades soar post election
  + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFintech trades soar post electionCNBC's MacKenzie Sigalos joins CNBC's 'Closing Bell' to discuss the surge in fintech stocks on the back of the election.
Persons: CNBC's MacKenzie Sigalos
☆ How crypto and fintech may perform under the second Trump administration
  + stars: | 2024-11-08 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow crypto and fintech may perform under the second Trump administrationCNBC's MacKenzie Sigalos discusses the influence the crypto sector had on the election, and what Trump's victory and future policies will do for the assets and related stocks.
Persons: Trump, CNBC's MacKenzie Sigalos
☆ Privacy worries around CBDCs are unfounded, says MAS fintech chief
  + stars: | 2024-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivacy worries around CBDCs are unfounded, says MAS fintech chiefSopnendu Mohanty, Chief FinTech Officer of MAS, talks about central bank digital currencies, and addresses concerns and 'misunderstandings' about the asset coming from investors and President-Elect Donald Trump.
Persons: Sopnendu Mohanty, Donald Trump Organizations: MAS
0 next >>
Total: 25