FinTech
Australia’s Afterpay to launch banking app in October
Afterpay Ltd will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intens...
News short: Square to create new bitcoin-focused business unit
FinTech company Square Inc is creating a new business focused on bitcoin, Chief Executive Officer Jack Dorsey said in a tweet on Thursday.
Oracle unit partners with Everest to bring blockchain to banks worldwide
Oracle Financial Services Software, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product ...
PayPal Australia takes on Afterpay with no-late fee ‘buy now, pay later’ offer
PayPal’s new “buy now, pay later” offering in Australia will not charge late payment fees, the US payments giant has said, as it attempts to edge past main indust...
Online payments firm Stripe takes first step toward blockbuster listing
Digital payments processor Stripe Inc, the most valuable US platform start-up, has taken its first major step toward a stock market debut by hiring a law firm to help with preparat...
Robinhood IPO faces threat of retail snub on Reddit
Robinhood Markets, which helped enable the “meme stock” frenzy earlier this year and later attracted flak for its handling of the trading mania, is facing pushback on s...
What is driving China’s clampdown on Didi and data security?
China’s cyberspace regulator has launched a probe into ride-hailing giant Didi Global, calling for it to stop adding new users and for app stores to remove it, days after it ...
Mortgage-focused start-up Blend seeks $4 billion valuation in IPO
Blend Labs Inc, a digital banking platform focused on mortgage lending, is targeting a valuation of nearly $4 billion in its IPO in the US, seeking to cash in on the boom in demand...
The regulatory and legal headwinds facing Robinhood
Robinhood Markets, the online brokerage at the centre of this year’s retail trading frenzy, has disclosed previously unreported regulatory risks in its long-awaited initial p...
Robinhood fined $70 million for harming ‘millions’ via misleading info, outages
Wall Street’s industry regulator fined Robinhood Financial LLC $70 million for “systemic” failures, including systems outages, providing “false or misleadin...
UK and Singapore launch talks on digital trade agreement
This coming week, the United Kingdom and Singapore are due to start negotiations on a new digital trade agreement that could remove barriers, part of London’s push to become ...
Robinhood CEO calls for changes to exchange pricing rules
US securities rules should be changed to allow stock exchanges to quote bids and offers in price increments of less than a penny so they can better compete with wholesale brokerage...
Visa to buy Swedish FinTech Tink for $2.2 billion
Visa Inc said it had agreed a 1.8 billion euro (approximately $2.2 billion) takeover of European open banking platform Tink, months after it ditched a planned acquisition of the st...
Bitcoin slumps further as China tightens crypto crackdown
Bitcoin has tumbled to a two-week low on China’s expanding crackdown on bitcoin mining, as investors grew more uncertain about the future of the leading cryptocurrency.