Xiaomi has pulled out of the fintech space in India, citing a change in strategy. One of its apps determined your credit-worthiness after scanning all your call and text logs for financial data.
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Google has issued a warning about a sophisticated exploit kit being used to target news media, IT, crypto, and fintech personnel. The attackers were reportedly state-sponsored North Korean groups.
Square is acquiring "buy now, pay later" platform Afterpay for $29 billion in a move that will expand its presence in the financial tech segment. The acquisition is expected to complete in Q1 2022.
Opera has launched a new fintech called Dify. Dify will provide users with cashback at certain retailers and in future it will introduce new services like savings management, credit, and more.
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The partnership will focus on extending Mastercard's cloud services for its clients, alongside development of new business models. Financial inclusion will also be a core component of the partnership.
Google is reportedly developing its own physical debit card that's expected to rival Apple Card. It will be linked to a Google app to provide users an easy way to track their payments and purchases.
Hong Kong-based digital asset exchange AAX will be the world's first to be powered by the LSEG's technology with an aim to create a high-speed, secure platform for trading digital currency.