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A slew of financial technology Startups that offered short-term credit, mainly to office workers, are abandoning or scaling back their offerings as the central bank tightens its standards for short-term unsecured loans, people familiar with the matter said.Fintech startup Uni Cards, which offered a “payday advance” product called Paychek, recently discontinued the product. In communication to customers, the Accelerate and the Lightspeed Venture Partners-backed company, attributed this to regulatory changes implemented by the Reserve Bank of India.Another Bengaluru-based company, Jupiter, which also offers a ‘salary advance’ product, is in the process of scaling back it, the sources said. Certainly, a…

Jeanne Pastrano quit her $200,000-a-year job in New York after feeling burned out.After a six-month break, she said she feels rejuvenated and ready to return to work.She disclosed her sabbatical on her LinkedIn profile – and still found it easy to find a new job.This essay as told is based on a conversation with Jeanne Pastrano, a 37-year-old mom based in New Jersey. Pastrano quit his job in April after feeling exhausted. This story has been edited for length and clarity. Business Insider reviewed compensation documents for his previous job and his current job as a strategic account manager at…

THE Ripple vs. SEC Lawsuit Continues headlines, with speculation about a possible settlement gaining momentum. Former SEC attorney Marc Fagel believes a settlement is likely, especially with the new Trump administration and new SEC president, Paul Atkins possibly choose not to appeal. This could bring much-needed regulatory clarity to Ripple and XRP, improving their prospects. The new pro-crypto government is crafting a bullish scenario for XRP as regulations are loose and prices are poised to collapse if it passes the SEC’s regulatory trap. Additionally, there is a rumor that Ripple will launch its stablecoin this month, followed by an IPO…

Mumbai: Travel-fintech startup Scapia has launched artificial intelligence-based visa application and train booking services, expanding deeper into the travel segment after its credit card business was blocked by regulatory obstacles.Access to Scapia’s platform, however, remains restricted to cardholders, although the company plans to expand its customer base through a referral program later this year, according to founder and chief executive Anil Goteti.The Bangalore-based company launched its consumer-facing platform in June 2023, starting with flight and holiday bookings. Since then, Scapia has also expanded its offering to bus and train reservations.“We are not just a fintech or a travel agency. We…

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) — FinTech Breakthroughan independent market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market, announced today Fidelity Investments’® Removing Student Debt solution was selected as the winner of the “Student Loan Innovation Award” on 8th annual FinTech Breakthrough Awards program. The Fidelity Student Debt Retirement Solution is an innovative benefit that helps employees increase their retirement savings while tackling student debt. This benefit, made possible through the adoption of SECURE 2.0, allows employers to use money already allocated to retirement plans to help employees save for retirement…

TYSONS CORNER, Virginia, January 15, 2025–(BUSINESS FEED)–BigBear.ai (NYSE: BBAI) today announced that the Board of Directors has appointed Kevin McAleenan as Chief Executive Officer and Member of the Board of Directors, effective January 15, 2025, succeeding Mandy Long. Mandy Long will step down from her role as CEO and board of directors to become an advisor to the company. McAleenan currently serves as President of BigBear.ai and has extensive government and business experience with U.S. national security agencies, including serving as Acting Secretary of the U.S. Department of Homeland Security (DHS) during the first Trump administration before founding Pangiam ,…

KUALA LUMPUR (January 17): Hong Leong Bank Bhd (KL:HHL BANK) announced on Friday that it had signed a cooperation agreement with WeBank Technology Services, a subsidiary of WeBank, China’s largest digital bank.The bank aims to increase operational efficiency and leverage artificial intelligence (AI), Hong Leong Bank said in a statement. Hong Leong Bank will also leverage WeBank Technology Services’ AI expertise to develop automation tools and applications, strengthening its sales force and operational teams, it said.The technology would then aim to expand the capabilities of data systems, marketing and campaign management, thereby enhancing the bank’s financial offerings and solutions, Hong…

HBAR soared 20%, driven by a new partnership in the RWA tokenization market and rumors of an upcoming HBAR ETF. Hedera (HBAR) rallied for four straight days to reach a 38-month high of $0.399 on January 17, with its market cap briefly surpassing Stellar Lumens (XLM) before settling at $14.5 billion at press time. HBAR’s recent gains have been accompanied by a surge in activity and demand among traders, as evidenced by the doubling of its trading volume to over $2.65 billion in the past 24 hours and a 25% increase in open interest in the futures market, reaching $562.46…

Healthcare Finance NewsChildren’s National had a clear vision of an AI leader. The hospital was looking for someone to lead the data, analytics and AI capabilities and combine that with operations, says Alda Mizaku,…1 day ago