Author: nripn

Vivek Ramaswamy, co-director of Ministry of Government Effectiveness (DOGE), became the target of a surprising cyberattack when hackers took control of its X account.What followed was a fake announcement that seemed almost too convincing to be true: a partnership between DOGE and the USUAL stablecoin project aimed at transforming government spending through digital currencies. But as the details unfolded, it quickly became clear that it was a scam.Keep reading for the full story.A false partnership that deceived manyThe now-deleted post from Ramaswamy’s account announced the alleged alliance between DOGE and USUAL, claiming that blockchain technology would make public spending more…

Slidea Malaysian fintech startup, has secured funding from 1337 Ventures to strengthen the financial management of small and medium enterprises (SMEs). Swipey said in a statement Wednesday that the investment is part of its broader financing plan that will allow the company to continue its mission of providing user-friendly, automated and transparent financial tools and processes. With the support of 1337 Ventures, Swipey said the company is poised to continue its growth and innovation in the fintech sector, ensuring Malaysian SMEs have the necessary tools for effective financial management. “Thanks to the support we received from 1337 Ventures, we were…

Innovation September 19, 2024 | By Anthony Venutolo “We’re not looking for founders who are trying to create the next hot consumer brand, but rather creating deeply important technologies that solve real problems in our industry, and who are obsessed with that problem, and not so much with the final solution. .” In the latest episode of “What’s Next In,” Mastercard’s podcast that informally explores technology, innovation and ideas, host Vicki Hyman chats with Sabrina Tharaniwho runs the Mastercard program Start Path Startup Engagement Programwhich is celebrating its 10th anniversaryth birthday this month. The program now counts more…

SUMMARY Supply chain fintech startup QuiD Cash has raised $4.5 million in pre-Series A from angel investors including Piyush Jain, director of Shrem Group and existing investor MINTCAP. The startup launched QuiD Capital, an NBFC arm to facilitate anchor bill financing The Bangalore-based company serves 8,000 users across the FMCG, automotive and pharmaceutical sectors, and plans to expand its technology stack. Bengaluru-based supply chain fintech startup QuiD Cash has raised $4.5 Mn (around INR 38.23 Cr) in a pre-Series A funding round from a host of angel investors, including Shrem Group director Piyush Jain and existing backer MINTCAP. The startup…

Chime Financial Inc., a financial technology company focused on fee-free banking, has submitted a confidential filing to the U.S. government for its IPO, according to people familiar with the matter. The company aims to go public in 2025, said the sources, who asked not to be identified because the information is confidential. (…)

We all know that AI adoption will increase significantly in 2025 and that compliance is a major concern, but exactly how it will be used is a little harder to predict. No one can know for sure, but we’ve rounded up some industry experts who know a thing or two about this technology. We have already covered a number of fintech and financial services predictions for 2025 in our exceptional predictions coin which was released recently. Thoughts on AI included: “AI is going to get boring (and that’s a good thing)” “We will see more financial services institutions realize the…

By Aislinn Keely (December 19, 2024, 9:09 PM EST) – Buyers of the viral meme-themed cryptocurrency “Hawk Tuah” sued the project’s promoters and developers in New York federal court on Thursday for failing to register the asset as collateral. while they “created a speculative frenzy” which caused holders to lose thousands of dollars… Law360 is there, so you are too. A Law360 subscription puts you at the center of rapidly evolving legal issues, trends and developments so you can act with speed and confidence. More than 200 articles are published daily on more than 60 topics, sectors, practice areas and…

The framework came into effect as part of the recent launch of the QFC Digital Assets Regulations 2024 and reflects Qatar’s ambition to establish itself as a global leader in the financial technology sector. A key element of the new framework is the formalization and recognition of “tokenization”, a process that is at the heart of fintech innovation. Under the new regulations, digital assets are defined as a digital representation of real or personal property rights, which can include financial assets such as stocks and bonds, tangible assets such as real estate, and intangible assets . The process of…

One of the newest financial technology companies in the wealth management space has raised its first round of funding in a bid to disrupt the way advisors source new business. Client development firm FINNY, launched earlier this year, announced last week the completion of a $4.3 million funding round led by venture capital firms Maple VC and HNVR. Other financial services executives, such as Morningstar CEO Kunal Kapoor and Gusto co-founder Tomer London, also participated in the round. FINNY is led by Eden Ovadia, who co-founded the firm in January alongside friends Victoria Toli and Theodore Janson. The product officially…

Micron stock (UM) fell more than 16% Thursday on weaker-than-expected forecasts for the current quarter despite growing demand for artificial intelligence chips. The memory chip maker, which includes Nvidia (NVDA) as a major customer, said Wednesday it expects revenue of between $7.7 billion and $8.1 billion for the quarter. Wall Street analysts expected the company to post revenue of $9 billion, according to Bloomberg consensus estimates. Micron’s outlook highlights a trend in the chip industry: Sales of semiconductors used for artificial intelligence are growing rapidly, while sales of traditional chips are plummeting. Micron’s high-bandwidth memory (HBM) chips are used in…