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Startup News—nripn—October 29, 2024
Lenda startup providing essential software to businesses to launch lending businesses, will now offer its customers a line of credit to enable them to issue more loans and expand their operations. Founded in 2018, Lendsqr counts Kredi, Snapcash and Blockacash among its clients and will provide overdrafts to these companies from a 1 billion yen
Technology Innovations—nripn—October 29, 2024
Powering the Future of Fintech – Innovate, Connect and Amplify with Tencent HONG KONG, October 29, 2024 /PRNewswire/ - The 9th Hong Kong Fintech Week 2024 was held from October 28 to 29, 2024 at the Asia World-Expo in Hong Kong. This is the first time Tencent hosted an exhibition at the event, showcasing its
AI in Finance—nripn—October 29, 2024
When a Canadian research company discovered that Huawei Technologies' multi-chiplet artificial intelligence (AI) The Ascend 910B processor contained dies manufactured by Taiwan Semiconductor Manufacturing Company (TSMC)it highlighted possible loopholes in U.S. sanctions and China's persistent efforts to gain access to advanced foundry technologies, analysts say. “Heavy U.S. sanctions on China’s semiconductor sector have proven porous,”
Jobs Market News—nripn—October 29, 2024
HONG KONG — The Hong Kong Special Administrative Region (HKSAR) government on Monday unveiled a policy statement on the responsible application of artificial intelligence (AI) in the financial market to boost the development of financial technology while managing risks. As an international financial center, Hong Kong is open and inclusive towards the application of AI
Startup News—nripn—October 29, 2024
After selling Postmates to Uber for $2.65 billion, Bastian Lehmann is back with Tiptop, a startup that wants to unlock the monetary value of the things you already own. Tiptop creates an instant exchange program available at checkout. Retailers can integrate Tiptop as a payment option and Tiptop handles everything from quotes to payments and
AI in Finance—nripn—October 29, 2024
(Bloomberg) - Hong Kong presented its first policy guidelines dedicated to the use of AI in finance and launched a tax break for virtual assets, part of efforts to promote itself as a center of Asian business. Most read on Bloomberg On Monday, government officials touted a common framework through which different regulatory agencies could
Jobs Market News—nripn—October 29, 2024
Fintech Startups Inspire – Visa Enables. Join us at the Visa Emerging Innovators (VEI) program, where we celebrate the next generation of fintech pioneers. This year, we're excited to announce that we're doubling the prize to an incredible $100,000! Visa has carefully selected five visionary startups from around the world, each ready to showcase their
Regulatory Updates—nripn—October 29, 2024
Mumbai: As frenetic digitalization reshapes the financial landscape, India must learn to balance innovation and prudence, Reserve Bank of India (RBI) Governor Shaktikanta Das said, urging financial institutions and fintechs to capitalize on new opportunities while mitigating risks. More Indians are turning to digital financial services, and their expectations for “personalized, efficient and seamless” experiences
AI in Finance—nripn—October 29, 2024
DELRAY BEACH, Florida., October 28, 2024 /PRNewswire/ - The AI in the financial market should reach $190.33 billion by 2030 from $38.36 billion in 2024, with a CAGR of 30.6% over the period 2024-2030, according to a new report from MarketsandMarkets™. AI-based chatbots and virtual assistants are significant growth drivers in the financial AI market,
Startup News—nripn—October 29, 2024
Delhi-based fintech unicorn BharatPe has expanded into investment offerings with the launch of a new app, Invest BharatPe. Available on the Google Play Store and App Store, the new platform aims to simplify investing for consumers, starting with an accessible digital gold option. The app marks BharatPe's move into the investment space, allowing users to
AI in Finance—nripn—October 29, 2024
Christopher Hui says tax breaks for investments in virtual assets are being considered. BLOOMBERG Cici Cao and agencies Hong Kong yesterday outlined five key initiatives to use artificial intelligence in finance and launched a tax break for virtual assets, as part of efforts to promote itself as an Asian financial hub. The guidelines were
Market Rumors—nripn—October 29, 2024
Chime Financial reportedly intends to launch its initial public offering (IPO) in 2025. The FinTech company aims to do so in the United States but has not yet signed banks for the IPO, Bloomberg reported Friday March 22, citing anonymous sources. Chime did not immediately respond to PYMNTS' request for comment. Chime has been considered
