Author: nripn

LONDON: As world leaders, business giants and policymakers gathered in Davos, Switzerland, on Monday for the opening of the 55th annual meeting of the World Economic Forum, all eyes were on Washington, where Donald Trump was inaugurated for his second term.This dual spectacle highlighted the contrast between two seemingly opposing worldviews: Trump’s doctrine of “America First” and the WEF’s globalist vision of “Collaboration for the Smart Era.”The timing of Trump’s inauguration, on the forum’s opening day, seemed almost poetic. Experts have noted the symbolic clash between the Davos elite, often described as the architects of a “new world order”, and…

Qomodothe Milan-based “all-in-one” smart payment solution for physical merchants, announces that it has raised 13.5 million euros in Series A in order to develop AI tools intended to expand its portfolio. The round was co-led by RTP Global and LMDV Capital, with participation from Proximity Capital, Primo Capital as well as other notable investors including FACEIT founders Fiscozen and Freetrade (the latter via Lumen Ventures). This builds on capital previously raised in pre-seed level which included the participation of the Elkann-Agnelli, Berlusconi and Moratti family offices. This brings the total funds raised by Qomodo in just 12 months after launch…

McDonald’s partners with Cognizant. McDonald’s Corp. expands long-standing partnership with enterprise AI technology provider.The fast food and fast food giant is beginning a multi-year extension of its strategic partnership with Cognizant, born in 2017. This renewed agreement will focus on leveraging cutting-edge technology to improve McDonald’s staff enablement, customer experience and operational efficiency.Under the renewed agreement, McDonald’s will continue to leverage Aware solutions in business areas including global financial systems and human capital management, which encompasses payroll processing, franchise management, master data management and legal applications.“Cognizant has been a valuable partner in helping us streamline our enterprise applications in key…

Flipkart co-founder Sachin Bansalthe fintech startup of Navi Technologies was the victim of a payment gateway fraudresulting in losses of ₹14.26 crore over a two-week period in December 2024.THE Whitefield Cybercrime Police in Bengaluru have launched an investigation after filing a complaint against unidentified fraudsters.According to a report in The Hindu, the fraudsters exploited a critical vulnerability in the company’s operating system. third-party payment gateway system, allowing them to manipulate transaction amounts after payment has been initiated. The fraud was discovered when the company’s vigilance team detected unusual patterns in transaction records.The scam took advantage of a technical flaw that…

Egyptian fintech and leading payment orchestration platform in the Middle East and North Africa (MENA), MoneyHashsecured $5.2 million in Pre-A funding. The tour was led by Thriving Businesses – a global fintech investor behind industry leaders like Chime, Flutterwave, FairMoney and Neon – adding to its portfolio of more than 100 fintech startups. Additional investors include: The cycle also saw the participation of Jason Gardnerfounder and former CEO of Marqeta, as his first MEA investment. Existing investors: also participated. Founded in 2021 by Nader Abdelrazik and Mustafa Eid, MoneyHash has created a proprietary payments orchestration platform and comprehensive payments operating…

Photo: Westend61/Getty Images California-based Sutter Health is entering into a seven-year partnership with GE Healthcare to integrate artificial intelligence technology into its healthcare system. operationsorganisms said this week. Sutter and GE expect the partnership to generate about $1 billion in revenue, according to Bloomberg. Known as the Care Alliance, the partnership focuses largely on imaging services and access to diagnostic care across the state. Care Alliance would enable faster appointment scheduling, accelerate diagnostic imaging scan results, earlier diagnoses and deliver more timely care, according to the companies. WHAT IS THE IMPACT? Sutter Health said the alliance will give it faster…

Tech Funding News Fintech startup Qomodo secures €13.5 million to transform payments for 2,500 Italian merchantsQomodo, an Italian all-in-one smart payment solution for brick-and-mortar merchants, has raised €13.5 million in Series A financing.. 29 minutes ago

The HousingWire awards series highlights individuals and organizations who have been recognized in our Editors’ Choice Awards. Nominations for HousingWire Financial Leaders Awards 2025 are open until January 31, 2025. Click here appoint a financial manager. HousingWire recently sat down with Charlotte Simonelli, executive vice president and chief financial officer of Partout Immobilier Inc.to discuss trends shape the housing sector in 2025. Simonelli — three times financial manager winner – was recognized for her focus on accelerating Anywhere’s strategic progress and achieving exceptional financial results for the company. As she reflects on her role in leading Anywhere through a challenge…

In a revolutionary move, Tesla (TSLA) is poised to redefine not only the automotive industry, but also the fintech sector. In recent years, Tesla has quietly invested in financial technology, leveraging its innovative spirit to disrupt traditional banking services. This strategic diversification is more than a commercial pivot; it’s a vision of how integrated technology can change financial interactions for consumers and investors around the world.Innovative financial solutionsTesla recently launched a beta program for its own digital wallet and cryptocurrency project, integrating blockchain technology into the user’s automotive experience. This project aims to allow Tesla owners to process payments directly…

Stocks took a breather on Thursday (Nov. 14), but the overall trend in the FinTech IPO Index was up and to the right. This week, as has been the case over the past few weeks, profits continued to flow in, while buy now, pay later (BNPL) continued to make a splash. Dry continued its torrid pace after the results were released. ThThe stock is up 48% over the past five sessions. The company’s shares have doubled in the past week. results and benefits documents reported that the number of active subscribers to its Premium and Anywhere offerings increased by 319,000…