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Monday, December 4, 2023

Companies

Visa and Tencent Forge Partnership to Expand Digital Remittances for Weixin...

In a groundbreaking announcement at the recent Singapore Fintech Festival 2023, Visa and Tencent Financial Technology, the fintech arm of global internet giant Tencent, declared a strategic partnership to enable Weixin users to receive inbound remittances directly into their digital wallets. This collaboration aims to extend the reach of the Visa Direct network to over one billion Weixin users in Mainland China, a key player in the world's largest inbound remittance markets...

Leaders

Robinhood Challenges Traditional Banks with Aggressive Interest Rates

In a bold move to attract customers disillusioned with traditional banks, Robinhood, renowned for its role in recent major fintech developments, is offering a substantial 5% annual percentage yield (APY) on uninvested cash for its subscription customers. This move positions Robinhood as a formidable contender in the financial landscape, outshining traditional banks and standing among the industry's highest interest rates...

Features

Mastercard Executive Considers Challenges/Opportunities of CBDCs

Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-Pacific, has expressed skepticism about the widespread adoption of central bank digital currencies (CBDCs) at the recently held Singapore FinTech Festival. Notably, Venkateswaran emphasized that the primary hurdle lies in the difficulty of convincing consumers to shift from traditional forms of money to CBDCs...

Popular Articles

The Top 25 Women Leaders in Financial Technology of 2022

The Financial Technology Report is pleased to announce The Top 25 Women Leaders in Financial Technology of 2022. Perhaps no industry today is as dynamic as financial technology. Thousands of new fintechs are launched each year, but only a small percentage demonstrate the staying power to last in such a competitive market...

The Top 50 Financial Technology CEOs of 2022

The Financial Technology Report is pleased to announce The Top 50 Financial Technology CEOs of 2022. This year’s awardees represent some of the most accomplished and innovative leaders across the sector...

The Top 100 Financial Technology Companies of 2022

The Financial Technology Report is pleased to announce The Top 100 Financial Technology Companies of 2022. The fintech industry has been scorching hot in recent years—spurred on in part by the pandemic—but lately, world events seem to have doused that fire with a little cold water...

The Top 25 Financial Technology CTOs of 2022

The Financial Technology Report is pleased to announce The Top 25 Financial Technology CTOs of 2022. The areas of expertise of this year’s awardees run the gamut from B2B payments to currency exchange, data security, and financial infrastructure, among many others...

The Top 25 Women Leaders in Financial Technology of Europe for 2022

The Financial Technology Report is pleased to announce The Top 25 Women Leaders in Financial Technology of Europe for 2022. This year’s awardees represent some of the most accomplished women leading organizations and teams across various segments of the financial technology sector...

The Top 25 Financial Technology Leaders of New York for 2022

The Financial Technology Report is pleased to announce The Top 25 Financial Technology Leaders of New York for 2022. From founders to CEOs and COOs, this year’s awardees represent some of the most innovative technologists and bold operators ushering in the next generation of financial services...

Fintechs Are Having a Harder Time Recruiting Top Talent Than Ever Before

The rise of fintechs over the last decade has brought with it considerable changes to how and where we work. Seeing the fortunes made virtually overnight by successful fintech startups, top-level executives from a wide variety of industries have been drawn to high-paying jobs in the industry...

The Top 25 Financial Technology COOs of 2022

The Financial Technology Report is pleased to announce The Top 25 Financial Technology COOs of 2022. The job of Chief Operating Officer is increasingly in demand as new FinTechs continue to be created and already established FinTechs face the turbulent global economy that has been beset by pandemic, war, and inflation, among other things...

Stripe CEO Urges Better U.S. Fintech Regulation

There is a prevailing attitude among many in the fintech industry that heightened regulation will be the death of innovation. U.S.-based companies have rankled at the prospect of increased oversight from government bodies such as the House Financial Services Committee, which even now is working on legislation for expanded supervision of fintech products such as cryptocurrency and other digital assets...

Can Banking-as-a-Service Save Marqeta?

Oakland, California-based fintech Marqeta has had a difficult year. With a 50% downturn in its stock price since the first quarter of 2022 and an ongoing search for a new chief executive, some in the industry have questioned how much longer the payment services company can hang on...