"Fintech firms" refers to companies that use technology to provide financial services. They leverage technology and innovation to enhance financial activities such as payments, investments, lending, and wealth management. Full definition
April 30 - China's Baidu Inc said it will sell a majority stake in its financial services business for about $ 1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it seeks funding to take on established fintech firms in China. (cnbc.com)
Japan - based fintech firm QUOINE announced on Thursday it has launched a fully digital cryptocurrency exchange and trading platform. (crowdfundinsider.com)
Norton Rose Fulbright clinched the innovation award for its collaboration with fintech firm Gladi8 in creating a know - your - client tool (DocFox), which helps financial services companies comply more easily with South Africa's Financial Intelligence Centre Act (FICA). (legalweek.com)