Author: nripn

PaytmShares of Paytm Payments Bank Ltd. fell for a third straight day as India’s central bank considers revoking Paytm Payments Bank Ltd.’s license, adding to the once-popular fintech startup’s growing troubles.India’s banking regulator is considering revoking its license after finding multiple lapses at Paytm Payments Bank, including multiple transactions beyond regulatory limits, raising money laundering concerns, Bloomberg News reported last week. The regulator has already ordered The bank has had to suspend much of its operations, which could affect the prospects of the digital payments pioneer.

Dive summary: THE financial technology Plaid hired Facebook and Cloudflare Veteran Jen Taylor will become its first female president, CEO Zach Perret wrote in a blog post last week. The announcement comes less than four months after the data aggregator named Expedia Veteran Eric Hart as the first CFO, and less than three months after his appointment Adyen Brian Dammeir, Executive Director at the head of Europe. Companies often establish their executive leadership before going public. “A potential IPO is an important step we are moving toward, but we don’t have any details or timeline to share beyond that,” a…

Dive summary: THE financial technology Plaid hired Facebook and Cloudflare Veteran Jen Taylor will become its first female president, CEO Zach Perret wrote in a blog post last week. The announcement comes less than four months after the data aggregator named Expedia Veteran Eric Hart as the first CFO, and less than three months after his appointment Adyen Brian Dammeir, Executive Director at the head of Europe. Companies often establish their executive leadership before going public. “A potential IPO is an important step we are moving toward, but we don’t have any details or timeline to share beyond that,” a…

Healthcare Payment Software Provider Path star launched its initial public offering (IPO). The company has applied to list its shares on Nasdaq under the symbol “WAY” and declared the estimate IPO Price is between $20 and $23 per share, Waystar said in a press release issued Tuesday (May 28). Waystar intends to use the net proceeds from the IPO to “repay outstanding indebtedness,” the statement said. With this offering, the company seeks to raise up to $1.04 billion, making the IPO one of the largest of the year. the biggestBloomberg reported Tuesday. At the top of the price range, Waystar…

Could 2024 be the year of fintech IPOs? It’s entirely possible, according to F-Prime Capital’s State of Fintech 2024 report report. F-Prime — a venture capital firm with over $4.5 billion in assets under management that tracks the performance of emerging, publicly traded and privately held financial technology companies — remains naturally optimistic about the fintech sector, noting that: ““Overall, fintech companies have captured less than 10% of financial services revenue, while many large-scale private fintech companies generate revenues exceeding $1 billion, continue to grow rapidly and are expected to go public.” “There are a lot of large companies currently…

Fintech Company Shares Investnet jumped 9% on Tuesday after a news report said the company was exploring options that could include potentially selling it to a private equity firm. Envestnet had a difficult 2023, marked by a drop in its share price and layoffs. Courtesy of Envestnet Envestnet shares were trading around $61.31 Tuesday afternoon, below their 52-week high of $68.83. The stock has struggled in 2023, crashing late in the year before launching a rally that has seen it gain 25% year to date. Reuters first reported news sales negotiations, citing unnamed sources. A company representative declined to comment.…

Instability is at the heart of technology, as innovations are constantly changing the game. However, the last few years have been particularly volatile, with interest rates rising, venture capital funding disappearing, and mass layoffs beginning. Things are now starting to stabilize and organizations are hiring more strategically, across the board. technology sectors are a safer bet. This is where experts job seekers look in 2024. AI The chaotic CEO changes at ChatGPT maker Open AI late last year don’t exactly spell stability, but there’s no denying that AI and generative AI remain the hottest topics in town. While tech companies…

Financial technology or fintech is a sector that has seen tremendous growth in recent years. With the continuous improvement of digital technology, this sector has completely revolutionized banking and insurance services. This presents many job opportunities for those who wish to evolve in the world of finance by leveraging the latest technologies. While these sectors offer growth prospects for early-career professionals, the fintech revolution has also opened up many job opportunities for mid-career professionals. Mid-career positions and associated salary expectationsProduct management and data science are segments of the fintech industry that offer lucrative positions to mid-level professionals. With regulations constantly…

Although strategically located between East and West, Estonia, Latvia and Lithuania often go unnoticed by business leaders. Yet they are gradually establishing themselves as fintech powerhouses. The Balkan states faced major economic challenges after regaining their independence in 1991. But these challenges also presented new opportunities. The post-Soviet countries made the transition to market economies and rapidly transformed their business environments. One of the advantages of the Baltic States was the absence of traditional banking infrastructure. Unlike many Western countries that had to move from traditional banking systems to digital platforms, the Baltic States have made a “leapfrog” towards digital…

72% of UK finance professionals are looking for new jobs outside the sector as employees say the profession has failed to keep pace with changing expectations. When asked whether finance professionals would recommend a job in the sector to Gen Z (those born between 1996 and 2010), 75% of respondents said they would not recommend it to the younger generation. The reason? According to those in the sector, other fields now offer better compensation (52%), they have experienced high levels of burnout and poor work-life balance (52%), and a career in finance offers less security and stability than in previous…