The collapse of Silicon Valley Bank has sent shockwaves through the global start-up community and beyond. The bank serviced around half of all the Bay Area’s venture-backed start-ups and the majority of the region’s venture-capitalist firms. However, HSBC’s takeover of Silicon Valley Bank’s UK arm may prove a...

The HSBC Takeover of Silicon Valley Bank’s UK Arm: A Positive Development for UK Scale-ups

GTreasury, the pioneer and global leader in cloud-based software for the Office of the CFO, today announced a partnership with Necto, the multi-bank, and continued expansion of its ClearConnect Gateway. This partnership expands the library of bank APIs available to the award-winning ClearConnect Gateway, an extensive, out-of-the-box global bank connectivity...

GTreasury Extends Global Banking Reach with Necto Partnership

Bitpanda Technology Solutions (BTS), a leading digital assets infrastructure provider, has finalised its first agreement in the UAE with The National Bank of Ras Al Khaimah (RAKBANK), a major UAE bank that has been leading in the digital assets sector, to provide a robust platform that will enable UAE residents to effortlessly manage digital assets.

Bitpanda Technology Solutions Partners With RAKBANK, a Major Bank Based in the UAE, to Bring Digital Asset Infrastructure to the Region

Apple effectively discloses no data on its fintech business, forcing us to speculate on the size and substance of this franchise. There are plenty of wacky numbers floating around as to Apple’s scale in FinTech, including one widely quoted data point Apple processes $6 trillion of payments volume annually (claiming to be more than Mastercard).

The Apple FinTech Ecosystem, explained

The recent failure of one of the top banks in the tech industry, Silicon Valley Bank, has led to concerns about a broader financial crisis that could have far-reaching consequences. The US Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have taken extraordinary steps to prevent such a...

Silicon Valley Bank Depositors to Have Access to “All of Their Money” Following Government Intervention

24/7 Wall St.

Since November 2022, the S&P 500 is up 47% over those 20 months. Its gains in the first half of this year matched those achieved last year. However, the second half of 2024 is off to a rockier start. The market is up less than 2% and at one point even tumbled 5% lower. Investors […]
The post The Single Best Stock to Invest $1,000 In Today appeared first on 24/7 Wall St..

The Single Best Stock to Invest $1,000 In Today

Støtte, an innovative platform designed to make it easier for sports associations and humanitarian organisations to receive support, announces its introduction of open banking with Neonomics. Støtte allows supporters to make micro-donations with every financial transaction they make. Neonomics has worked closely with Støtte to connect end users with their transactions across all banks to seamlessly map and track purchases to simplify how they send support to their clubs.

Neonomics Tapped by Supporter’s Platform Støtte to Simplify Micro-Donations Through Open Banking

London is a hotbed for fintech startups, and the three companies that come up most frequently in conversations are Monzo, Revolut, and Starling Bank. These companies are considered the most successful in the London fintech space, but which one is the best for aspiring fintech employees?. This article offers an...

Revolut, Monzo and Starling: Who will you be joining in 2023?

Mastercard and its larger rival Visa are phenomenal businesses, with an essential duopoly and great margins. However, both of their stocks are expensive right now, and there could be better opportunities in the payments space. PayPal looks extremely cheap and if management can execute, it could be a home run...

Forget Mastercard: Buy This Magnificent Payments Stock Instead

Leading insurance core technology provider Socotra announced today that Jetty, the financial services company on a mission to make renting a home more affordable and accessible, has gone live and migrated Jetty Deposit, a surety product, and Jetty Protect, a renters insurance product, to Socotra’s cloud-native insurance platform. Jetty...

Innovative Renters Insurance Carrier Jetty Goes Live with Core Systems from Socotra in Less Than 12 Months

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

The Bank of England recently made headlines by rejecting the banking licence application of popular financial technology company Revolut. This decision has significant implications for both Revolut and the broader fintech industry. Revolut’s Ambitious Bid for a Banking Licence. Revolut, a UK-based fintech unicorn, has been disrupting the traditional...

Bank of England Rejects Revolut’s Bid for Banking Licence

In a move that’s set to shake up the financial services industry, Merchant Advice Service has launched The Payments Directory; a first-of-its-kind, solution-led approach that will empower businesses to secure their next best merchant account, unbiased and with unmatched transparency, developed with input from experts who have previously worked on the development of MoneySuperMarket.

Industry-first ‘The Payments Directory’ Launches as the Go-To Platform for Businesses Seeking Transparent and Tailored Financial Solutions Without the Need for a Broker

TheStreet

Seven & I, parent of 7-Eleven, is in talks with Canada’s Alimentation Couche-Tard.

7-Eleven parent company on verge of mega merger

Business Insider

Ho's stake in the newly-public company is worth nearly $70 million. Bloomberg estimates his family's fortune at $13 billion.

Meet the 29-year-old son of a casino billionaire who just took his influencer and esports company public

In the fast-paced world of finance and technology, partnerships and collaborations are commonplace. But when things take an unexpected turn, even the most celebrated alliances can face scrutiny. A recent report in the Wall Street Journal has stirred the pot, suggesting that Goldman Sachs might be reevaluating its relationship with...

Goldman Sachs Contemplates Seperating with Apple Card: A Shift in Strategy

Federal prosecutors have seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares owned by the FTX founder, according to a court filing revealed on Friday. John Ray, who replaced Bankman-Fried as CEO to guide FTX’s restructuring, is attempting to rescue...

Federal Prosecutors Seize $700 Million in Assets Connected to Sam Bankman-Fried

Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company’s international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits. These figures exceed those of Brazil at the same stage of operations: in the company’s home country, there were 7.7 million customers and less than $1 billion in deposits in Q1’19.

With $3.3 Billion in Deposits and 8 Million Customers, Mexico Already Stands Out Among Nu’s Operations

Reuters

HONG KONG (Reuters) - China and Hong Kong are set to expand a pilot wealth scheme that allows residents to invest cross-border by adding the first batch of 10 securities firms, including the countries' largest brokerages, two people with direct knowledge told Reuters. The 10 securities companies include Hong Kong-listed China CITIC Securities, China International CorporationCompany (CICC), Huatai Securities and GF Securities, according to the people.

Exclusive-Citic, CICC among 10 brokerages included in China's Greater Bay Area wealth scheme, sources say

The world of digital payments has been a lucrative realm, with companies like Adyen and Stripe dominating the landscape as efficient middlemen between merchants, banks, and card issuers. Their business model seemed simple yet effective: facilitating transactions, taking a cut, and prospering. But beneath this seemingly straightforward success story lies...

What’s Going On with Adyen: Stripe’s Rival Facing Structural Challenges

NewsBreak

Global FinTech Investment Falls 30% to US$164bn in 2022: KPMG Report

The fintech industry experienced a significant dip in investment in 2022, with global fintech investment dropping by over 30% from the previous year’s record high, according...

Global FinTech Investment Falls 30% to US$164bn in 2022: KPMG Report

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