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Startup News—nripn—October 24, 2024
Nigerian fintech startup Klasha has raised another $2 million to expand B2B cross-border payment channels in China. Founded in 2021 by Jess Anuna, Klacha has developed a platform and APIs that allow users to transfer money to and from emerging markets without friction. It collects and sends over 120 currencies, saving traders time and money.
AI in Finance—nripn—October 23, 2024
Dan Ives is an equity research analyst at Wedbush Securities. He covers the biggest names in tech and always seems to have a handle on the latest megatrends. Right now, artificial intelligence (AI) is making headlines in technology. But one area of AI that might be overlooked is information technology (IT) infrastructure. What does this
Jobs Market News—nripn—October 23, 2024
Declining interest rates and continued attention to new technologies such as artificial intelligence have led to an increase in the number of potential fintech opportunities, said Zachary Wasserman, chief financial officer of Huntington Bank. The Columbus, Ohio-based lender and its in-house venture capital arm, Huntington Corporate Ventures, are seeing "a fairly notable acceleration in venture
AI in Finance—nripn—October 23, 2024
The federal government's bet to use artificial intelligence to combat financial crime appears to be paying off. Machine learning AI helped the U.S. Treasury Department sift through massive amounts of data and recover $1 billion in check fraud in fiscal year 2024 alone, according to new estimates shared first with CNN. That’s nearly triple what
AI in Finance—nripn—October 23, 2024
NVIDIA (NVDA) stock closed at a record high Monday as Wall Street analysts maintained their bullish stances on the stock ahead of its November earnings release. Shares of the leading AI chipmaker rose more than 4% to close at $143.71 per share. The move comes as Wall Street analysts reiterate their buy ratings on the
Startup News—nripn—October 23, 2024
Nigerian startup Sproutly, a financial services platform for educational institutions, has announced the launch of its version two, along with several strategic partnerships designed to enhance benefits for its users. Founded in June 2021 by Pierre Nwoke, Maxwell Agu and Prince Akachi, initially as a banking app for children, Germination simplifies educational payments, financial management
Technology Innovations—nripn—October 23, 2024
MACAU SAR - EQS Newswire - October 23, 2024 - On October 20, the Financial Street Forum 2024 annual conference concluded in Beijing. Themed "Trust and Confidence – Working Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth", this year's conference attracted more than 500 guests from more than 30 countries and
Breaking News—nripn—October 23, 2024
Venture capitalist Acrew Capital has raised more than $700 million in its latest family of funds targeting data and technology deals. Sorry, you must subscribe to read this article. If you want to access this article, you must become a Premium Subscriber. Premium subscribers enjoy full access to our daily
AI in Finance—nripn—October 23, 2024
(Reuters) - IBM released the latest version of its enterprise-grade artificial intelligence models on Monday, seeking to capitalize on the rise of companies adopting generative AI technology. The “Granite 3.0” models will be made open source, like other versions of IBM's Granite family of AI models. This approach differs from competitors such as Microsoft who
Startup News—nripn—October 23, 2024
Two servicing technology companies will work together to provide artificial intelligence-based voice agents to mortgage borrowers. Havena platform that integrates servicing features into a lender's brand, will partner with AI startup Kastle, the companies announced Tuesday. The collaboration, which the partners say will reduce maintenance operations costs, will go live in the first quarter of
Jobs Market News—nripn—October 23, 2024
Manama, Bahrain – BENEFIT, the Kingdom's innovator and leading fintech and electronic financial transaction services company, is pleased to announce the launch of its Ruwaad BENEFIT Leadership Program, marking the first batch of this transformational initiative. This program highlights BENEFIT's commitment to advancing the leadership skills of its emerging leaders, equipping them with the expertise
Regulatory Updates—nripn—October 23, 2024
As 2024 draws to a close, the financial services industry is bracing for a dynamic compliance landscape in the year ahead. With increasingly stringent regulatory frameworks, organizations must stay ahead of emerging trends to successfully manage these changes. The advent of advanced technologies, including artificial intelligence (AI), continues to reshape risk management practices, introducing both
