Marcos Kantt, a former investment banker-turned-fintech executive, is taking over as Banco Plata’s CFO as the fast-growing digital bank prepares for an eventual public offering https://t.co/82WwFWkmZP ...

Another Fortune 500 company is building on Avalanche.@Broadridge, a fintech company that processes trillions from thousands of public companies, is bringing proxy voting onchain, powering shareholder governance globally. https://t.co/dOTi7KYRTl ...

🇰🇷JUST IN: SOUTH KOREAN FINTECH GIANT TOSS EYES NATIVE BLOCKCHAIN AND CRYPTOSouth Korean payment leader Toss is reportedly developing its own proprietary blockchain network and a native cryptocurrency.The fintech giant is currently weighing a Layer 1 mainnet versus a Layer 2 scaling solution, though final architectural decisions await further local regulatory clarity.Toss has already filed dozens of trademark applications for stablecoins and is actively integrating a Web3 wallet into its flagship mobile pla ...

According to The Information, Tether is making a final push for a new funding round, targeting a massive valuation of approximately $500 billion. The firm has reportedly asked potential investors to submit their capital commitments within the next two weeks. If successfully closed, this mega-round would propel Tether into the ranks of the world's highest-valued fintech companies. ...

🚨 FINANCE: MONEY TRANSFER APP DUC EXPOSED THOUSANDS OF PASSPORTS AND LICENSES TO THE OPEN WEBToronto-based fintech Duales left an Amazon-hosted storage server for its Duc money transfer app completely open to the internet with no password protection and no encryption. Per TechCrunch reporting, the server contained over 360,000 files including driver's licenses, passports, selfies, and customer transaction records dating back to September 2020.Anyone with the server's easily guessable web address could brows ...

Africa’s most valuable fintech unicorn Flutterwave secures a Nigerian license to operate as a national microlender https://t.co/ME8dBMXAH4 ...

Core Viewpoint - Lesaka Technologies, Inc. will release its third quarter 2026 results on May 6, 2026, after the U.S. market closes, followed by a presentation and Q&A session on May 7, 2026 [1] Group 1: Company Overview - Lesaka operates as a South African fintech company focused on providing financial services, software, and business services to underserved consumers and merchants in Southern Africa [4] - The company offers an integrated multiproduct platform that includes transactional accounts, lending, insurance, merchant acquiring, cash management, software, and Alternative Digital Products (ADP) [4] - Lesaka aims to facilitate the digitization of commerce in its markets through a full-service fintech platform within a connected ecosystem [4] Group 2: Financial Reporting and Events - The third quarter 2026 results will be available after the U.S. market closes on May 6, 2026 [1] - A presentation webcast and conference call will take place on May 7, 2026, at 8:00 AM EDT (2:00 PM SAST), including a live Q&A session for analysts and investors [1][2][3] - An archived version of the webcast will be accessible on Lesaka's Investor Relations website following the presentation [4]

Geopolitical Factors - The US stock market's rally is primarily driven by easing geopolitical fears, particularly regarding the Iran conflict, which has improved investor sentiment [2][3][29] - Reports indicate that Donald Trump is open to resolving the Iran conflict without fully reopening the Strait of Hormuz, a critical oil transit route, leading to recalibrated market expectations [2][4][29] Oil and Bond Market Reactions - Oil prices have fallen, with WTI crude dropping 1.8% to around $101 and Brent crude falling 2.7% to $104.50, which reduces inflation pressure and provides the Federal Reserve with more flexibility on interest rates [4][29] - The 10-year Treasury yield decreased to 4.31%, down from recent highs near 4.44%, making stocks more attractive compared to bonds, especially in the tech sector [7][29] Technology Sector Performance - The technology sector has seen a significant rally, with the Nasdaq gaining over 3%, driven by strong performances from AI and semiconductor companies [9][29] - Nvidia's stock jumped 4.74% to $173.00, reflecting continued investor confidence in AI infrastructure demand, while Marvell Technology soared over 12% after announcing a $2 billion investment with Nvidia [11][29] Notable Stock Movements - Apellis Pharmaceuticals surged 135.63% to $40.27 following its acquisition agreement with Biogen, indicating strong future revenue potential [14][29] - Snap Inc. gained 13.06% to $4.54, signaling renewed optimism around user growth and advertising recovery [12][29] - NIO rose 9.53% to $6.04, benefiting from improving sentiment in the electric vehicle sector [15][29] Broader Market Trends - Despite the rally, major indices are still on track for their worst quarterly performance since 2022, driven by the Iran conflict, rising oil prices, and inflation concerns [24][30] - Economic indicators show a hiring rate drop to 3.1%, job openings at 6.9 million, and unemployment at 4.4%, suggesting that the current rally may be a short-term relief rather than a trend reversal [25][30]

Core Viewpoint - TikTok, controlled by ByteDance, is seeking approval from the Brazilian central bank to operate as a lending and payments fintech, aiming to expand its financial services in Brazil [1][3]. Group 1: Licensing and Services - TikTok has applied for two licenses: one to operate as an "electronic money issuer" for prepaid accounts, and another to become a "direct credit company" for lending and connecting borrowers and lenders [2]. - If approved, TikTok would provide basic financial services to Brazilians, similar to Nubank, the largest digital bank in Brazil [3]. Group 2: Strategic Moves and Market Context - ByteDance executives met with Brazil's central bank chief to discuss the licensing, indicating a serious commitment to entering the financial services market [4]. - TikTok previously sought a payments license in Indonesia but faced restrictions, leading to local partnerships; the Brazilian initiative is part of a broader regional expansion strategy [5]. - TikTok had 131 million users aged 18 and above in Brazil by late 2025, with its ads reaching 80% of all adults in the country, highlighting the platform's significant market presence [6].

New York, New York--(Newsfile Corp. - March 31, 2026) - Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the "Class") who purchased or acquired the securities of Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU) between April 7, 2023, and January 26, 2025, inclusive.Should You Join The Lufax Class Action Lawsuit?Do you, or did you, own shares of Lufax Holding Ltd (NYSE: LU)?Did you purchase your shares between April 7, 2023 and Ja ...