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Startup News—nripn—September 17, 2024
Marking its third acquisition in three months, BSE-listed fintech startup SME Veefin Solutions has acquired a 26% stake in EpikInDiFi in a share-swap deal that values the latter at INR 125 crore. Veefin will increase its stake in EpikInDiFi to 100% over the next two years in phases, co-founder and COO Gautam Udani told Inc42.
Technology Innovations—nripn—September 17, 2024
MANAMA, BAHRAIN – Bahrain FinTech Bay (BFB), the builder of Bahrain’s fintech ecosystem, has unveiled its 2024 strategy aimed at propelling Bahrain’s fintech sector to new heights. Following its acquisition by BENEFIT in September, the organization is poised to further transform the fintech landscape in Bahrain and the wider region. BFB will support BENEFIT in
AI in Finance—nripn—September 17, 2024
The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, in a move that could catalyze the use of the technology in areas ranging from trading to investment banking and cryptocurrencies. The city’s Bureau of Financial Services and
Market Rumors—nripn—September 17, 2024
Fintech giant Paytm is facing a storm of controversy. Rumours of layoffs are rife, thwarted by Paytm’s denials. But disgruntled employees paint a different picture, alleging forced resignations. Is Paytm headed for a BYJU’S-like downfall? Last week began with worrying news of layoffs at Paytm. Despite Paytm's immediate denial of such developments, stating that "tThere
Startup News—nripn—September 17, 2024
SunPay Solutions, a fintech startup closely tied to Sunshine Investment Group, one of Ethiopia’s largest conglomerates, has had its license revoked by the National Bank of Ethiopia (NBE) over a long list of violations. Two years ago, the company received a two-month pilot permit for payment system operator and point-of-sale operator activities and has not
AI in Finance—nripn—September 17, 2024
The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, a move that could catalyze the use of the technology in areas ranging from trading to investment banking and cryptocurrencies. The city's Bureau of Financial Services and Treasury
Regulatory Updates—nripn—September 17, 2024
2024 is quickly becoming the summer of consent orders for small banks. This is because with the news Friday (June 28) that the Tennessee-based Bancorp Wire is now the last financial institution (FI) to be subject to the Federal Deposit Insurance CorporationFederal Financial Information Service (FDIC) oversight, operational, compliance and strategic risk management related to
Startup News—nripn—September 17, 2024
Listen here or wherever you get your podcasts. Hello and welcome to Equitythe startup business podcast, where we break down the numbers and nuances behind the headlines. This episode usually airs on Mondays, but we're bringing it to you today because of yesterday's holiday in the United States. Here's what we did: All this and
AI in Finance—nripn—September 17, 2024
When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: xAI on Twitter/X During the company's most recent earnings call, Oracle founder Larry Ellison admitted (via Barron's) said he had to beg Nvidia CEO Jensen Huang to supply his company with its latest GPUs. “At Nobu Palo
Market Rumors—nripn—September 17, 2024
XRP, the 7th largest cryptocurrency by market cap, has overtaken Bitcoin in volume of trade across South KoreaWhile the overall cryptocurrency market has increased by 11.7% over the past week, XRP has seen an impressive growth of 31% over the same period. This rise in the price of XRP is mainly due to the growing
Startup News—nripn—September 17, 2024
Infosys And Wipro will be among the first Indian software companies to start their fintech hubs at Gujarat International Finance Tec-City (GIFT CITY), which is among Prime Minister Narendra Modi's dream projects. Both companies have occupied large office spaces within International Financial Services Centre (IFSC) to set up their operations under the TechFin Frameworkthrough which
AI in Finance—nripn—September 17, 2024
We recently published a list of Beyond the Tech Giants: 35 Non-Tech AI Opportunities. In this article, we'll look at how Voya Financial, Inc. (NYSE:VOYA) stacks up against other non-tech AI stocks. Investors are desperate for a safer way to profit from the AI boom that has swept the U.S. stock market in recent months.
