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Startup News—nripn—January 16, 2025
Major in e-commerce Amazon is set to acquire Bangalore-based fintech Axio, valuing buy now, pay later (NBPL) at around $190 million to $200 million, three people in the know said. The deal, which awaits approval from the country's banking regulator, is the biggest check Amazon has issued for a buyout in India and signals its
AI in Finance—nripn—January 16, 2025
A quarter of professionals plan to hire AI specialists in the next year. Credit: TStudious/Shutterstock. Auditors remain heavily reliant on manual processes, with 73% spending more than half their time on spreadsheet-based tasks such as reconciliations, data extraction and outdated workflows. and only 33% of them currently use artificial intelligence (AI) in their operations, according
Jobs Market News—nripn—January 16, 2025
Work in Fintech (WIF), a social project that aims to increase diversity and access of young people to financial technology and the semantic web industry3 which relies more on artificial intelligence (AI) for the next Internet generation, revealed Payabl. as a sponsor and supporter of paid technology for its upcoming Work in Fintech Summit 2025
AI in Finance—nripn—January 16, 2025
Bitcoin.com NewsEthereum Contender Expected to Redefine Lightchain Decentralized Finance Presale AICOPRESS RELEASE. The future of decentralized finance (DeFi) is here, and it's called Lightchain AI. With its revolutionary fusion of… 3 hours ago
Startup News—nripn—January 16, 2025
Major in e-commerce Amazon signed an agreement to acquire fintech loan startup Axio, formerly Capital Float. "In December, after completing due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await required regulatory approvals," Axio said in a blog post. Development follows Amazon Smbhav Venture Capital Fund
Regulatory Updates—nripn—January 16, 2025
It highlights key developments in the financial regulatory landscape, including regulatory changes and enforcement actions affecting financial entities, investment advisers and funds in the Asia Pacific (APAC) region. In this edition, we delve deeper into the Monetary Authority of Singapore's (MAS) Fintech vision, as shared during a fireside chat at the Singapore Fintech Festival 2024.
AI in Finance—nripn—January 16, 2025
Advances in AI have increased over the past couple of years. But amid this hype arises a crucial question: How can companies use AI systems to sift through large data sets and optimize energy consumption, thereby reducing waste? AI has the potential to transform sectors such as agriculture, healthcare, finance, education, etc., says Manish Prasad,
AI in Finance—nripn—January 16, 2025
Securities and Exchange Commission (SEC) Chairman Gary Gensler speaks with Yahoo Finance Reporter Jennifer Schoenberger to discuss the potential impact of artificial intelligence (AI) on financial markets. Gensler notes that AI has improved productivity over the past decade, long before the current wave of generative AI. “I think it’s accelerating and it’s changing finance in
Market Insights—nripn—January 15, 2025
Financial technology company Affirm told regulators this week that a cyberattack on a banking partner exposed customer information. Affirm – which runs one of today's largest buy, pay later platforms – said The Securities and Exchange Commission said Monday that information about its own customers was leaked in a cyberattack on Evolve Bank. Last week,
Startup News—nripn—January 15, 2025
Remittance-focused fintech startup LemFi has announced a major $53 million capital raise in a Series B funding round, aimed at facilitating its expansion into Europe. The round was led by London-based growth-stage investment firm Highland Europe, with participation from existing investors including Endeavor Catalyst, Left Lane Capital, Palm Drive Capital and Y Combinator. This brings
AI in Finance—nripn—January 15, 2025
Choice International's brokerage division announced a groundbreaking partnership with AI-powered financial insights platform StockBee on Tuesday. This collaboration allows investors and traders to access real-time financial information, making Choice the only brokerage firm to offer such a service. The strategic integration allows Choice customers to use StockBee's advanced AI technology, which processes large volumes
Startup News—nripn—January 15, 2025
Based in Amsterdam Clearlya fintech company focused on in-person payments, announced that it has raised €6 million in a seed round. Proceeds will support Klearly's expansion into European markets and enable its SaaS partners to offer in-person payment solutions to SME merchants. Before this cycle, in May 2023, Kclearly secured €2.1 million as part of
