Financial Platform News

News and analysis coverage of financial platforms, ranging from payment processing and credit through to retail banking and investment services.

Platform News: Ant Group and the FinTech sector in China

Some investors lukewarm on China’s Ant Group if revived after revamp

China’s regulatory-imposed revamp of Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to ...

China IPO's

Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scruti...

Moscow Skyline

Russian central bank considers digital rouble in 2023

The Russian central bank is considering limiting future transactions with a digital rouble to smooth the impact of its implementation, planned for 2023, Deputy Governor Alexei Zabo...

Platform News: Opening the WhatsApp app on a smartphone

Facebook messaging service gets delayed Brazil nod for payments

Brazil’s central bank has cleared the way for Facebook-owned WhatsApp to let its users send each other funds using the Visa and Mastercard card networks, months after vetoing...

Platform News: FinTech trading app Robinhood

Robinhood aims to allow users to buy into IPOs

Robinhood is building a platform to “democratize” initial public offerings, including its own, that would allow users of its trading app to snap up shares alongside Wal...

Platform News: Bitcoin and the rise of cryptocurrencies

Can Bitcoin prosper without becoming a major currency?

Bitcoin doesn’t need to become a widely-used form of payment to succeed and could prosper solely as a store of value, SkyBridge Capital founder Anthony Scaramucci has said.

Platform News: Wall Street in New York

Shares in companies linked to non-fungible tokens (NFT’s) surge

Shares in some companies linked to non-fungible tokens , a type of digital asset that is authenticated by blockchain spiked higher, benefiting from their status as the latest hot t...

Platform News: Twitter and Square CEO Jack Dorsey

Jack Dorsey’s first tweet sold for $2.9 million as an NFT

Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9 million dollars on Monday.

Platform News: Opening the WhatsApp app on a smartphone

WhatsApp hires Amazon Pay’s Mahatme to lead India payments

WhatsApp has hired a top Amazon executive to head its payments business in India, two sources told journalists, as the messenger service gears up to expand in the booming sector.

Platform News: Ant Group and the FinTech sector in China

Investors value China’s Ant Group at over $200 billion after IPO halt

Some of Ant Group’s global investors have valued the notable Chinese FinTech business at a massive $200 billion based on its 2020 performance, said people with knowledge of t...

Bitcoin ATM's

Coming soon: Bitcoin ATMs to petrol stations near you

A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: the bitcoin ATM, where customers can buy or sel...

Platform Industry: Tesla Factory in the US

Tesla names Musk ‘Technoking’ in cryptic regulatory filing

Tesla Inc has just added “Technoking of Tesla” to billionaire boss Elon Musk’s list of official titles, in a regulatory filing that also named its finance chief Z...

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

Bitcoin falls after weekend record high as India considers a ban

Bitcoin dropped on Monday, falling from a record high above $60,000 over the weekend, as investors digested a potential ban from India on cryptocurrencies.

Platform News: Bitcoin cryptocurrency

Bitcoin hits $60,000 in record high

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000.