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Market Rumors—nripn—September 9, 2024
As 2023 drew to a close, many banking executives and thought leaders threw up their hands in despair at the apparent death of Banking as a Service (BaaS). An anticipated hot market has failed to live up to expectations, and countless financial institutions have seemingly thrown in the towel on BaaS as the industry grapples
Startup News—nripn—September 9, 2024
Moneycontrol™ Exclusive: InCred CFO Vivek Bansal quits to launch fintech startup, Kotak chairman Sunil Daga set to… New NBFC fintech venture Saarathi Finance is in talks with private equity investors to raise Rs 600 crore in equity funding. 7 hours ago
AI in Finance—nripn—September 9, 2024
These have been terrible weeks for Super Micro Computer (SMCI) action. Shares of the data center server maker, seen as one of the biggest beneficiaries of the AI craze this year, have fallen more than 30% since delay in its annual report in late August, shortly after short seller Hindenburg Research accused AI, champion of
Market Rumors—nripn—September 8, 2024
Dive summary: Goldman Sachs will sell the installment loan financial technology Green Sky to a consortium of investors led by private equity firm Sixth Street, the bank announced Wednesday. The deal, which is expected to close in the first quarter of 2024, will result in a 19 cent per share hit to Goldman's third-quarter earnings,
Startup News—nripn—September 8, 2024
Welcome to Fintech TechCrunch! This week we look at Ramp's massive capital raise and valuation increase, Mercury's entry into personal banking, Klarna's new credit card, global funding rounds and more! To receive a roundup of TechCrunch's biggest and most important fintech stories in your inbox every Sunday at 7 a.m. PT, subscribe here. The big
Technology Innovations—nripn—September 8, 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 keynote address at the 24th edition of Fintech in Riyadh. The event attracted 36,959 visitors,
AI in Finance—nripn—September 8, 2024
Apple (AAPL) will host its annual iPhone event at its Cupertino, California, headquarters on Monday, September 9. The company is expected to launch four new iPhones, as well as the 10th anniversary edition of the Apple Watch and new AirPods. In addition to hardware, the presentation will focus primarily on the rollout of Apple’s AI
Market Rumors—nripn—September 8, 2024
SebiIt's new Guidelines to manage stock price impact arising from market rumors will ensure that the stock price used in the merger and acquisition (M&A), buyouts and others transactions are not artificially influenced by speculative market activitiesexperts said on Wednesday. Market rumors relating to a business business can create volatility in stock prices, often leading
Startup News—nripn—September 8, 2024
Between September 2 and 7, 2024, no fewer than 23 startups from various sectors raised more than $235 million in funding from investors. These sectors include D2C, Watertech, Sportstech, Ride-hailing, B2B, Fintech, Aviation, Healthcare, Traveltech and Cleantech. Last week, Indian startups raised more than $485 million in fundingwith the Quick Commerce unicorn Zepto Raises $340
AI in Finance—nripn—September 8, 2024
(Bloomberg) - Adobe Inc.’s top lawyer, Dana Rao, who played a central role in shaping its artificial-intelligence strategy and shepherding it through a failed antitrust battle, is leaving the company. Bloomberg's most read articles “Dana has been a valuable member of our leadership team, and we value her contributions and counsel,” an Adobe spokesperson said
Market Insights—nripn—September 8, 2024
JACKSONVILLE, Florida – There is a critical need for more fintech workers in Jacksonville right now, which is why a local university is launching two new programs to help companies find talent. The University of North Florida will offer a bachelor's and master's degree program in Fintech beginning in the fall semester. The programs will
Regulatory Updates—nripn—September 8, 2024
Recent election years have been busy ones in the world of financial regulatory policy, and 2024 promises to be no different. This year could be even busier given the large backlog of proposed rules and the fallout from the regional banking crisis of spring 2023. Regulators will also continue to adapt to evolving innovations in
