in
Market Rumors—nripn—December 10, 2024
As 2023 drew to a close, many banking industry executives and thought leaders threw up their hands in despair over the presumed death of Banking as a Service (BaaS). The predicted white-hot market has not materialized as expected, and countless financial institutions have seemingly thrown in the towel on BaaS as the industry confronts the
Startup News—nripn—December 10, 2024
Nium, the global leader in real-time cross-border payments, was founded with the mission of delivering tomorrow's global payments infrastructure today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs and businesses around the world instantly collect, convert and disburse funds across borders. Its payment network supports 100 currencies and
AI in Finance—nripn—December 10, 2024
It’s a tale of two AI-driven stocks. Oracle Stock (ORCL) fell sharply after the tech giant reported second-quarter results just below Wall Street estimates on both the top and bottom line. On the other hand, the actions of C3.ai (AI) soared after raising its full-year guidance due to demand for AI. Also in the news,
Market Insights—nripn—December 10, 2024
LATEST NEWSOctober 8, 2024 at 8:59 UTC TLDR Zepz, formerly WorldRemit, secures $267 million funding round for expansion into key African and global markets. Financing led by Accel with participation from Leapfrog, TCV, Coller Capital and IFC. Zepz, which operates WorldRemit and Sendwave, serves more than 11 million users in 150 countries. Formerly known as
Startup News—nripn—December 10, 2024
Elite Fintech Solution, a local startup, has found its footing in neighboring African countries after facing regulatory hurdles in its base of operations. The company founded three years ago by Alazar Solomon is now attempting to transform SME credit facilitation in the Kenyan, Mauritius and Ugandan markets through the combination of AI and data analytics
AI in Finance—nripn—December 10, 2024
Google's DeepMind team this week unveiled an AI model for weather forecasting called GenCast. In an article published in NatureDeepMind researchers said they found that GenCast outperforms the European Center for Medium-Range Weather Forecasts' ENS – apparently the world's best operational forecasting system. And in a blog postThe DeepMind team offered a more accessible explanation
Jobs Market News—nripn—December 10, 2024
This inaugural summit brings together top payments and transaction banking professionals to discuss the latest trends in next-generation banking, fintech collaboration and cross-border payments innovations. EBAday 2025 is the ideal platform to meet industry leaders, exchange ideas and explore business opportunities. Join us to engage with the brightest minds in finance and gain insight into
Startup News—nripn—December 10, 2024
Move, a fintech startup of Nigerian origin, announced a groundbreaking partnership with WaymoAlphabet's autonomous vehicle division, to manage autonomous vehicle fleets in Phoenix, Arizona, and Miami, Florida. This collaboration showcases Moove's innovative revenue-based vehicle financing model and its ambitious global expansion strategy. The company's rapid growth is supported by significant funding, including a $100 million
AI in Finance—nripn—December 10, 2024
TAIPEI/SINGAPORE (Reuters) - Taiwan Semiconductor Manufacturing Co (TSM, 2330.TW) is in discussions with Nvidia Corp (NVDA) to produce its Blackwell artificial intelligence chips in the subcontractor's new factory in Arizona, three sources familiar with the matter said. TSMC is already preparing to start production early next year, the sources said. Nvidia's Blackwell chips, which the
Jobs Market News—nripn—December 10, 2024
“Appleby’s global presence, combined with deep local knowledge, allows them to offer comprehensive legal advice that meets international standards,” according to the 2025 edition of the Chambers and Partners FinTech Guide. The group has been recognized in six different offshore jurisdictions – the most of any offshore law firm. Band 1 rankings for Appleby's fintech
Startup News—nripn—December 10, 2024
Backers of the FinTech startup include MaRS IAF, Aperture, Desjardins and Arlene Dickinson. FinTech startup based in Toronto Cyder has secured C$1.5 million in pre-seed funding to help Canadian credit unions offer their own loyalty programs. Cyder aims to help credit unions compete with banks and attract younger members with its new Cyder Rewards
AI in Finance—nripn—December 10, 2024
With shares up about 30% over the past month and 51% year to date, Tesla (NASDAQ:TSLA) the stock became one of the top 52-week gainers. This race has been driven by various factors, the most important being the appointment of Tesla CEO Elon Musk in the Trump administration, raising hopes for a legislative environment suitable
