Latest Fintech News
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Jim Cramer Addresses SoFi's Trading Range
SoFi Technologies shares have spent the past six months trading in a narrow band, and that consolidation recently became a topic of discussion on CNBC's Mad Money. Host Jim Cram…

Decta selects OpenPayd for streamlined treasury operations
Decta, a global payment technology company with more than a decade of experience, has chosen OpenPayd to support its international treasury operations. The partnership is design…

Insurtech Funding Hits Four-Year High on AI Megadeals
The insurtech sector recorded its highest quarterly funding in four years during Q2, according to fresh industry data. A wave of megadeals pushed total investment to levels not …

Mortgage Magnate's $600M Loss Triggers Rescue
The mortgage industry's most prominent figure has suffered a staggering setback, losing $600 million in a series of bets that went sour. The loss was large enough to force a res…

Astraeus Launches AI-Native Wealth Management Infrastructure Platform
Astraeus, a new fintech venture, has launched an AI-native infrastructure platform built specifically for wealth management firms. The offering targets the technology backbone t…

SEC Exempts Certain Data Center Bonds From Securitization Rules
The U.S. Securities and Exchange Commission has carved out an exemption for certain data center bonds from key securitization rules, a move aimed at easing the regulatory burden…

Altria Shares Slide 4% as Regulatory and Macro Pressures Mount
Altria Group's stock closed down nearly 4% on Aug. 10, a sharp decline that reflects a convergence of challenges facing the tobacco giant. The drop comes as investors weigh new …

SEC Charges Netcapital with Fraud Over Revenue Inflation
The U.S. Securities and Exchange Commission has charged Netcapital with fraud, alleging that the company artificially inflated its revenue. The regulator's complaint accuses the…

Goldman's Varadhan: Why to Stay Invested
Ashok Varadhan, co-head of global banking and markets at Goldman Sachs, has a constructive message for investors: stay invested. He cites three reasons behind his positive stanc…