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Startup News—nripn—October 29, 2024
Inicio AI, a female-led fintech start-up based in Coventry, has won £1 million in the One To Win pitch competition at Birmingham Tech Week's Tech Awards. Led by TechWM and supported by sponsors including Rigby Group and the West Midlands Co-Investment Fund, the competition offers the largest single prize pool for a pitch competition in
Jobs Market News—nripn—October 29, 2024
Which presidential candidate will be best for fintech over the next four years? Of all the issues troubling the 2024 presidential campaign, it's safe to say that the future of fintech is not among the top two or three. Nonetheless, it is also safe to say that the fintech sector under a Trump administration will
Startup News—nripn—October 28, 2024
October 27, 2024, the fintech unicorn slice finalized its merger with the North East Small Finance Bank (NESFB). The merger, initially announced in October 2023, received clearance from National Company Law Tribunal (NCLT) after fulfilling all requirements required by shareholders and regulations approvals. The transaction unites Slice, known for its digital financial services, with NESFB's
AI in Finance—nripn—October 28, 2024
AArtificial intelligence (AI) is becoming one of the key drivers of financial innovation hubs in the global economy. These innovation hubs are frameworks developed in the context of interaction between households and businesses through financial systems of direct and indirect lending and borrowing. The interaction between households and businesses happens through the language known as
Market Rumors—nripn—October 28, 2024
Tether CEO Paolo Ardoino has been transparent about the company's reserve assets, amid swirling rumors that Tether could be monitored by US authorities. According to Ardoino, Tether currently holds a the staggering sum of $100 billion in US Treasuries, more than 82,000 Bitcoins worth around $5.5 billion and 48 tonnes of gold to back its
Startup News—nripn—October 28, 2024
DigEnd ranked the presentations of five fintechs that reached the finals of an annual incubation program run by Accenture. Eight startups reached the final, but DigEnd has already covered three: BlueOnion, Evident and Planto. Here are links to the founders of each company discussed on our video podcast, DigFin VOX: Okay, and then there were
Technology Innovations—nripn—October 28, 2024
RIYADH, SAUDI ARABIA - Media OutReach Newswire - September 8, 2024 - Steven Chou, Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group Limited, highlighted the transformative role of technology in the Saudi financial sector during his speech at 24 Fintech in Riyadh. The event attracted 36,959 visitors, over 300 brands and
Startup News—nripn—October 28, 2024
Startups in the Ag Marketplaces & Fintech category have taken the top spot in funding in recent months, surpassing the Midstream Tech category in 2023 and bringing in $65 million, or 41% of total investment on the continent until present in 2024* according to the report recently published by AgFunder. Africa Agri-Food Technology Investment Report
AI in Finance—nripn—October 28, 2024
Hong Kong has unveiled its first guidelines for “responsible” application of artificial intelligence (AI) in the financial sector. Announced at the annual FinTech Week, these AI guidelines aim to help financial institutions harness the transformative potential of AI while preserving data privacy, cybersecurityAnd intellectual property. In leading this initiative, the Hong Kong government is establishing
AI in Finance—nripn—October 28, 2024
Hong Kong regulators are considering expanding tax breaks to include digital assets such as crypto and the use of artificial intelligence technology in financial sectors. According to an October 28 Bloomberg report, that of Hong Kong Financial Services and Treasury Secretary Christopher Hui said Hong Kong regulators had proposed an extension of tax relief laws
Jobs Market News—nripn—October 28, 2024
Traction applicationsa Nigerian fintech startup, has confirmed in a statement to Techpoint Africa that it will lay off some employees following its recent acquisition by OmniRetail. The company said the decision was partially influenced by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimizing certain departments to
AI in Finance—nripn—October 28, 2024
American companies already dominate the global stock market in terms of size. A new chart from JPMorgan Asset Management shows this trend is likely to continue. The company attributes the boom to artificial intelligence. In the long-term capital market assumptions for 2025 released Monday by JPM, the team projects that the share of U.S. companies'
