FinTech Futures: Top five stories of the week – 5 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
News, intelligence and resources on the global fintech industry including topics such as job cuts.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
Explore thousands of open roles on the Fintech Futures Job Board today.
In this episode of the podcast, we’re joined by Charlotte Crosswell, chair of the newly formed CFIT.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Despite a “robust and growing” business, Anchorage says the cuts are a necessary part of a “strategic realignment”.
Signature Bank is a large lender in the cryptosphere.
Thought Machine intends to hire across India, Japan and South Africa for the first time.
Cover story: FACE OFF – Confrontation can be a good thing.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The job cuts were made in response to “significant decreases” in mortgage volumes, Wells Fargo says.
A new cartoon illustrating how private market valuations have been impacted in the current environment.
The company intends to double down on its core business while “sunsetting” initiatives including Affirm Crypto.
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
Bloomberg reports the cuts have taken place over the past few weeks.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The job cuts will see PayPal reduce its total staff headcount be around 7%.
Upstart is also suspending development of its small business loan product.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Luno’s CEO cites the global economic downturn and the crypto winter as reasons behind the layoffs.
In this episode, we’re joined by Leda Glyptis of 10x Banking to chat about her new book – Bankers Like Us.
Impacted employees have reportedly been invited to apply for other positions at the firm.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
Romanow will reportedly transition to the role of executive co-chair and remain on the company’s board.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Kris Marszalek says several factors have led to the decision to let go of around 800 employees.
The cuts amount to around 6.5% of the total staff headcount at Goldman and less than 3% at BlackRock.
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
The news comes after Wyre was set to be acquired by e-commerce checkout fintech Bolt in April last year for $1.5bn.
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
In the final episode of the year, we take a look at some of the biggest fintech trends of 2022.
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Williams was formerly CTO at Monzo where they helped scale the engineering and data team by 500%.
Bloomberg reports that the cuts to the workforce are expected to be staggered.