Author: nripn

By Joanne Faulkner (December 16, 2024, 6:49 p.m. GMT) — JP Morgan told the Court of Appeal on Monday that it would be “unfair” for financial projections used to estimate the value of a Greek fintech it co-owns to include numbers. for an American company that it has not yet developed…. 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 jurisdictions. A…

Payment processor based in Argentina Tapi reportedly raised $22 million in new funding. Company to Use Series A Funding to Fuel Expansion in Mexico, Co-Founder/CEO Thomas Mindlin said in a Bloomberg News article interview Friday (July 12). According to the report, Tapi processes payments for large Latin American consumer platforms like Mercado Pago and cryptocurrency Lemon exchange. The company plans it will process approximately $400 million in payments this year in the five countries in which it operates, four times the amount processed last year. Tapi raised $9 million in a 2022 funding round. Mindlin told Bloomberg it plans that…

AI-generated news summaries in IBKR Desktop (Graphic: Business Wire) New AI functionality provides condensed market insights, saving time and improving efficiency. GREENWICH, Conn., December 11, 2024–(BUSINESS FEED)–Interactive Brokers (Nasdaq: IBKR), an automated global electronic brokerage, announced the introduction of AI-generated news summaries to its news and research offering. This advanced feature, available at no additional cost, allows customers to access concise summaries of news articles, streamlining information from leading providers and making it easier for investors to stay informed. Leveraging the power of AI, this tool extracts relevant market information, allowing clients to quickly find important updates and giving them…

AI SoundHound (NASDAQ:SON) The stock posts explosive gains in Friday trading. The conversational artificial intelligence (AI) The company’s stock price was up 24.5% as of 3:15 p.m. ET. SoundHound AI stock is rising today after the company was named a leader in Frost & Sullivan’s 2024 Frost Radar report. Specifically, the company’s Amelia platform was named a leader in conversational AI for enterprise healthcare. Frost & Sullivan released its Frost Radar 2024 report yesterday, and SoundHound AI’s stock price is huge. bullish momentum thanks to the positive coverage of the company’s Amelia platform in the report. Frost & Sullivan forecasts…

FIS would be acquiring UK supply chain finance company Démica in a $300 million deal. The two sides reached an agreement last weekSky News reportedciting anonymous sources. An announcement would be forthcoming. FIS did not immediately respond to PYMNTS’ request for comment. A Demica spokesperson said the company does not comment on rumors or market speculation. The news came a few weeks after Demica announced in a press release that its assets under administration exceeded 40 billion dollarswhile the compound annual growth of assets on the company’s platform since 2016 was over 40%. “These figures reflect Demica’s position as a…

Klarna CEO Sebastian Siemiatkowski has fully embraced artificial intelligence as a transformative force within the fintech company, influencing a major part of his business: the workforce.In a recent interview with Bloomberg TV, he revealed that he decided to pause recruiting a year ago and that it stemmed from AI’s ability to automate tasks previously handled by humans.Siemiatkowski expressed confidence in the potential of AI, saying: “It’s just a matter of how we apply it and use it.”Klarna’s AI-First approachKlarna, a payment service offer “buy now, pay later” options, has a network of more than 575,000 business partners, as stated on…

Natural gas (NG=F) prices are on track to close the year in negative territory. But there is optimism for 2025, largely thanks to exports and increased demand linked to artificial intelligence. “We are constructive on energy, and because we are constructive on energy, we think natural gas is going to do well,” said Francisco Blanch, head of global commodities and derivatives research. at Bank of America, during a recent roundtable on the energy outlook. Natural gas prices have fallen 13% since the start of the year, largely due to milder winters and oversupply. But industry observers are betting on increased…

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SUMMARY HostBooks secured funding from Orange Orbit LLP The funding round was part of the company’s Series B fundraising, of which $2.5 million had already been disbursed in the first tranche. Founded by Kapil Rana in 2009, HostBooks provides cloud-based solutions, helping businesses solve the complexities of compliance, accounting, finance and operations. SaaS-based accounting startup HostBooks has raised $5 million (around INR 42.4 Cr) in its $15 million Series B funding round from Orange Orbit LLP. According to the company, of the total funding round, the first tranche of $2.5 million had already been disbursed. The Gurugram-based startup plans to…

December 12, 2024 The use of artificial intelligence (AI) could be a game-changer in the fast-paced and ever-changing world of finance, contributing to greater efficiency, smarter decision-making and stronger risk management. As markets become increasingly complex, AI can provide investment professionals with the tools needed to stay ahead of the curve. AI makes it easier to analyze large amounts of data – both structured, like financial statements, and unstructured, like news or social media sentiment – ​​to extract actionable insights. By using machine learning algorithms, financial companies can make more accurate forecasts, identify trends and optimize investment strategies. Kuntara Pukthuanthong,…