Fintech news covering digital payments, neobanks, financial technology startups, and innovations in financial services.
The Washington Examiner argues that prediction market leader Kalshi faces significant regulatory and legal challenges despite its explosive growth. The article contends that looming lawsuits and questions regarding market integrity threaten the company's business model, potentially leading to a Supreme Court battle over its operational status.
The author argues against imposing Merchant Discount Rates on UPI, contending that the recent legislative amendment unlocking this possibility threatens India's digital public infrastructure. The piece highlights UPI's role in financial inclusion for low-income users and its success as a free, open protocol.
James Francisco Turner Lazaro argues that traditional banking has failed many consumers, prompting his transition from high finance to founding a new company. Drawing on his experience scaling a California bank and European fintech ventures, he contends that innovative financial services can better serve underserved populations.
Card processors are broadening their offerings beyond standard issuing to support global operations and commercial payments. Major players like Marqeta and Lithic are integrating diverse payment rails, including real-time payments and cross-border capabilities, to meet demand for consolidated financial infrastructure.
The article argues that investors must thoroughly understand a fintech company's business model before investing, using Upstart Holdings as a case study. It highlights Upstart's AI-driven credit assessment tool and its strategy to launch a bank in 2027 as key factors for evaluation.
Financial institutions are overhauling payments infrastructure to support autonomous transactions initiated by artificial intelligence software. Experts warn issuers must prepare for AI purchasing within an 18- to 24-month window, requiring implementation of payment passkeys and tokenization.
Mastercard Inc. shares climbed 1.18% to close at $580.63 on Friday, continuing a two-day winning streak that outpaced broader market peers. The gain occurred alongside positive movements in major indices, with the S&P 500 up 0.43% and the Dow Jones Industrial Average rising 0.98%.
The article explains how correspondent banking, described as the 'invisible plumbing' of global finance, is being challenged by digital assets. It outlines the historical role of these networks in facilitating international trade and suggests that emerging technologies are disrupting traditional interbank clearing economics.
Figure Technologies reported second quarter 2026 consumer loan marketplace volume of $4.3 billion, a 132% year-over-year increase. Adjusted net revenue grew 95% to $218 million and adjusted EBITDA rose 126% to $119 million. Figure Connect drove the growth, now accounting for 65% of total volume.
Indian payments companies have secured $5.8 billion in equity funding across 371 rounds since January 2021, with the top five recipients capturing two-thirds of the capital. The sector also saw eight IPOs and 25 acquisitions, despite a funding winter between 2022 and 2024.