Finance

Nubank Posts $5 Billion Quarterly Revenue and 135 Million Customers as NuFormer AI Goes Live in Credit Decisioning

Nu Holdings crossed $5 billion in quarterly revenue for the first time in Q1 2026, reported 135 million customers globally, and confirmed Mexico has reached break-even — while its in-house NuFormer foundation models now price every personal loan in real time.

1 Jun 2026 · 7 min read

Finance

KakaoBank Lines Up Planners and Managers for Won-Stablecoin Push as South Korea's Crypto Law Stalls Again

KakaoBank has posted roles for stablecoin service planners and business planning managers, while sister company KakaoPay recruits server developers — the clearest signal yet that Kakao Group has shifted from strategy papers to active hiring, even as the legislation meant to govern what it is building was quietly shelved on 12 May 2026.

1 Jun 2026 · 8 min read

Finance

SK Hynix Crosses US$1 Trillion, Giving South Korea Two Trillion-Dollar Companies at Once

SK Hynix shares rose 9.41% on 27 May 2026, pushing its market cap to roughly US$1.07 trillion — three weeks after Samsung crossed the same line. It is the third Asian company to reach a trillion-dollar value, after Taiwan's TSMC and Samsung, and it gives South Korea two trillion-dollar companies at the same time, on the back of record HBM margins.

1 Jun 2026 · 5 min read

Finance

SoftBank Dethrones Toyota as Japan's Most Valuable Company on AI Wave, Marking First Shift in 22 Years

SoftBank Group surged 14% in a single Tokyo session on 1 June 2026, pushing its market cap past Toyota's ¥45.8 trillion to end more than two decades of automotive supremacy at the top of Japan's corporate hierarchy — driven by its AI-linked stakes in OpenAI and Arm Holdings.

1 Jun 2026 · 5 min read

Finance

Anthropic Is Closing a $30 Billion Round at a $900 Billion Valuation — Past OpenAI

Anthropic is set to close a funding round of more than $30 billion at a valuation above $900 billion — enough to leapfrog OpenAI and become the world's most valuable AI startup. The number that should stop you: that valuation has jumped roughly 2.4-fold in three months.

30 May 2026 · 6 min read

Finance

Bloomberg Ships BloombergGPT 2 Inside the Terminal — Beats GPT-5.5 on Financial Tasks at $5K/Month

Bloomberg released BloombergGPT 2 on Monday, exclusively inside the Terminal as a $5,000-per-seat add-on. The 70-billion-parameter model is finance-tuned on the company's own data and beats GPT-5.5 on Bloomberg's own internal financial benchmarks.

18 May 2026 · 8 min read

Finance

Western Union Picks Fireblocks for USDPT — Stablecoin Settlement Hits Remittance Rails First in Philippines and Bolivia

On 4 May 2026 Western Union announced Fireblocks will power USDPT, the company's first U.S. dollar-backed stablecoin. Settlement with Western Union's agent network begins in the Philippines and Bolivia, with global rollout through 2026.

18 May 2026 · 7 min read

Finance

Malaysia Fintech 2030 Launches Talent-Pipeline MoU at Money20/20 Asia in Bangkok

The Fintech Association of Malaysia signed a memorandum with Manaf Gardner Associates at Money20/20 Asia on 2 May 2026, formalising Manaf Gardner as the association's executive education partner under the new Malaysia Fintech 2030 initiative.

18 May 2026 · 6 min read

Finance

PayPal's AI Reckoning: New CEO Cuts 4,760 Jobs and Bets $1.5 Billion on Machine-Led Transformation

PayPal announced 4,760 job cuts (20% of workforce) as new CEO Enrique Lores restructures the company into three business units and bets $1.5B on AI-led transformation — with Coinbase cutting 14% the same day, signalling a fintech-wide reset.

8 May 2026 · 9 min read

Finance

Coinbase Joins PayPal in AI-Driven Job Cuts: Is the Great Fintech Workforce Reset Just Beginning?

Coinbase (14% cuts) and PayPal (20% cuts) announced AI-driven workforce reductions on the same day, capping a wave that has eliminated over 9,000 fintech jobs in early 2026 — with Singapore's IBF signalling the same skills shift is coming to ASEAN.

8 May 2026 · 10 min read