Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Visa names Ryan McInerney as incoming CEO

Visa has announced that current president, Ryan McInerney, will be appointed CEO of the banking giant effective from the 1st of February, 2023.

18 November 2022

News/people

GoTo Group cuts 12% of staff

Indonesian tech group, PT GoTo Gojek Tokopedia Tbk, has announced that it will layoff 12% of its staff, amounting to 1,300 employees.

18 November 2022

News/devops

Isle of Man launches Fintech Innovation Challenge

Digital Isle of Man (an executive branch of the Isle’s government) has announced the launch of the Fintech Innovation Challenge, an opportunity to engage with international stakeholders and industries in their digital ecosystem.

11 November 2022

News/crypto

Philanthropy is facing a ‘triple squeeze’ and digital assets can help - Citi

Citibank’s recent report ‘Philanthropy and the Global Economy’ has found that digital assets can be the future of philanthropy in wake of the cost of living crisis. Amy Thompson, report author, and Ronit Ghose, global head of future of finance at Citi, sat down with Finextra to discuss the significance of this report in light of the cost of living crisis.

07 November 2022

News/people

AFP 2022: Bank and corporate DEI advocates dare firms to be different

The Association for Financial Professionals (AFP) annual conference featured a session Monday called 'Dare to be Different'. During the hour-long programme, a panel featuring diversity, equity, and inclusion experts from Goldman Sachs, Loop Capital, and Dropbox emphasised the financial and organisational advantages of increasing access and career advancement opportunities for women and minorities.

25 October 2022

News/people

Report highlights tech skills shortage

The financial services sector faces a potential shortage of skilled technologists and data analysts over the next five years, according to as recently published report.

20 October 2022

News/crypto

Coinbase plans for European expansion

Crypto exchange Coinbase has raided German digital assets firm Solaris to appoint its chief operating officer Daniel Seifert as regional managing director for Europe.

17 October 2022

News/payments

JP Morgan names Apac head of payments

Madhav Kalyan has been appointed as head of Asia Pacific payments for JP Morgan as part of a reshuffle of the bank's senior management in the region.

17 October 2022

News/people

Stripe taps Meta's Sharma to lead new revenue and financial management team

Stripe has appointed Microsoft and Meta veteran Vivek Sharma as its first head of revenue and financial management.

17 October 2022

News/sustainable

Sibos 2022: ‘The biggest problem with ESG is its complexity’ – Brown Brothers Harriman

At Sibos 2022 in Amsterdam, we spoke to Adrian Whelan, global head of regulatory intelligence, Brown Brothers Harriman, ahead of his panel session, ‘Green, clean, and ESG: Rewiring capital markets for a new generation of responsible investors.’

13 October 2022

News/people

SoftBank’s Vision Fund to layoff 30% of staff

SoftBank is planning to cut around 30% of staff to their investment arm Vision Fund.

30 September 2022

News/people

Celsius CEO steps down as FTX moves in

Celsius CEO Alex Mashinsky has stepped down amid bankruptcy proceedings and former JPMorgan Chase exec Chris Ferraro has been appointed interim CEO.

28 September 2022

News/people

Truelayer to axe 10% of staff

Truelayer is the latest fintech to send staff to the chopping block, AltFi revealed this morning. CEO of the open banking company, Francesco Simoneschi alerted staff that their headcount would be cut by 10%.

16 September 2022

News/people

Tech founders comprise 25% of Tech Nation’s Global Talent Visa endorsements

Tech Nation’s Global Talent Visa Report 2022 reveals that international tech leaders are rolling into the UK and strengthening the sector.

12 September 2022

News/people

ClearBank hires Andrew Barker as chief revenue officer

ClearBank has announced the appointment of Andrew Barker as its new chief revenue officer.

08 September 2022

News/inclusion

35 startups tapped for Tech Nation’s diversity-driven Libra 2.0 programme

Tech Nation has selected 35 tech startups to join their second Libra programme for underrepresented tech founders. Libra 2.0 is focused on promoting diverse tech leaders in the UK by choosing companies founded by Black, South Asian, East Asian, and Arab leaders in the industry.

07 September 2022

News/regulation

Revolut under pressure over internal audit

Online bank Revolut is facing more questions over its internal controls after it was criticised by a UK regulator for the unacceptably high risk of "material misstatement" in its account auditing.

06 September 2022

News/people

Hong Kong to introduce subsidies to attract fintechs

The Hong Kong government is set to bring in a number of financial incentives to address what has been termed as a skills shortage, especially in terms of the fintech sector.

05 September 2022

News/regulation

Varo Bank’s proposal to reform the CRA champions financial inclusion

The Community Reinvestment Act (CRA) was created in order to ensure that the credit needs of lower income communities in the US were accommodated by local financial institutions. However, many financial firms are proposing a reform of this act to be more inclusive of low and moderate income communities.

05 September 2022

News/startups

Hong Kong deemed 'uncompetitive' by fintechs

A survey of fintech executives has labelled Hong Kong as uncompetitive in relation to other financial centres around the world.

26 August 2022

Human resources