Latest news and articles about fintech from NEX English
Saudi tech companies listed on the financial market (Tadawul) reported strong profits in the first quarter of 2026, driven by digital transformation programs and growth in the fintech sector. Total profits exceeded <strong>$285 million</strong> (<strong>1.07 billion riyals</strong>).
Wise Group Plc has announced its dual listing on the Nasdaq, marking its entry into the US market. This strategic move aims to attract new investors and strengthen the company's presence in the fintech sector.
PB Fintech expects sustainable growth of up to <strong>30%</strong> as the insurance market in India continues to expand. This was stated by <strong>Yashish Dahiya</strong>, Chairman and CEO of the group, during an exclusive interview on the Insight program.
Visa has announced significant improvements to its card payment system in the UAE, aimed at making financial transactions faster and smoother. The new updates are designed to enhance user experience and facilitate payment processes across various sectors.
SoFi reported record financial results in the last quarter, yet its forecasts for 2026 remain unchanged, leading to a significant drop in its stock prices. This discrepancy between strong performance and stable forecasts has raised concerns among investors regarding the company's strategies.
Verif has announced the strengthening of its leadership team with four new appointments in the first quarter of the year. This move aims to enhance the company's competitive capabilities in the market.
Sofi Technologies has reaffirmed its revenue forecasts for 2026, overlooking its record results from the first quarter. Despite a growing demand for loans, the company's shares fell by 8% before market opening.
Goldman Sachs has announced a ban on its employees in Hong Kong from accessing AI models developed by Anthropic. This decision is part of the company's efforts to comply with increasing regulatory standards amid growing concerns about AI in financial institutions.
Tilda, a leading fintech company in Egypt, has officially launched a new service allowing users to invest directly in the Egyptian stock market and investment funds through its application. This marks a strategic shift towards providing a comprehensive financial ecosystem.
One 97 Communications, known as Paytm, has regained most of its losses following the revocation of its payment bank license. Analysts believe the impact on the company will be limited.
The Indian company Mobikwik has received official approval from the Reserve Bank of India to establish a Non-Banking Financial Company (NBFC). This move enhances its position in the financial market as interest in digital financial solutions grows in India.
Bitcoin is nearing the $80,000 mark for the first time since January, attributed to short position covering and ongoing accumulation by Strategy Inc. This unexpected recovery reflects significant market dynamics.
Indodax, a leading digital asset trading platform in Indonesia, has announced its commitment to enhance the cryptocurrency industry in the country, focusing on market development in Bali. This announcement was made by CEO William Sutanto during a press conference in Jakarta.
Embed Financial Group Holdings and HHP High-Tech Center have announced a strategic partnership to develop the VNL1 platform, a national product tracking system in Vietnam using blockchain technology, with an investment of $8 million.
Collide Capital, founded by Brian Hollins and Aaron Samuels, announced the closing of its second fund worth $95 million on Thursday. The fund aims to support startups in fintech and the future of work, reflecting a growing trend towards innovation in these vital sectors.
The total assets of the Saudi banking sector reached approximately <strong>4.96 trillion riyals</strong> by the end of <strong>2025</strong>, reflecting rapid expansion in the kingdom's financial landscape. This growth was fueled by strong demand for institutional financing linked to infrastructure and development projects.
Flutterwave, a leading fintech company in Africa, has announced its acquisition of a license to operate as a micro-lender in Nigeria. This license enables the company to compete with local banks in providing financing services.
The Saudi financial sector has undergone a significant digital transformation, shifting from cash reliance to electronic transactions. However, it now faces new challenges in implementing modern systems and enhancing innovation.