Author: nripn

D.C. Attorney General Brian Schwalb has filed a lawsuit against a company he says deceived thousands of borrowers in the District. The lawsuit filed against EarnIn – a financial technology company – claims that customers advertised by the company could use the platform to prematurely access their paychecks without interest or mandatory fees. In reality, the legal claims Access to EarnIn’s earned wages – which it calls a “cash out” – are loans and users must pay a fee “at lightning speed” or use the free option and wait until ‘Two days to get their money. EarnIn advances the loan…

Bitcoin is back in the spotlight as it surpasses the $100,000 mark, recovering after a two-week decline. This major comeback has sparked conversations within the crypto community, with several trending topics on social media.From the remarkable rise of XRP to the possibility of a Litecoin ETF approval, the crypto market is buzzing. Let’s dive into the top trends that have everyone talking.XRP’s 7-year high attracts attentionXRP is attracting attention as its market value hits a 7-year high of $3.1. Ripple’s recent legal victory has boosted confidence in XRP, and many believe the asset’s rally is only just beginning. With possible…

New York, NY, January 16, 2025 (GLOBE NEWSWIRE) — Amid rapidly changing global financial markets, the demand for quality education and effective tools among investors is increasing. Headquartered in Manhattan, New York, WealthArc Fintech (WAF) has launched its unique financial education service product, ART5, redefining industry standards in investor education and positioning itself as a trusted partner for global investors. Deeply committed to education and technological innovation As an organization focused on investment education, WealthArc Fintech is committed to helping investors navigate the complexities of the financial markets. WAF offers a comprehensive and systematic range of financial courses, integrating global…

(Bloomberg) — Microsoft Corp.’s Satya Nadella discussed AI and cybersecurity in a meeting with US President-elect Donald Trump and Elon Musk, becoming the latest tech industry leader to make overtures to the new administration. Most read on Bloomberg The conversation covered a range of topics, including Microsoft’s commitment to invest $80 billion in AI data centers globally, the US company said in a statement. More than $50 billion will be spent in the United States, creating American jobs, according to the release. Microsoft Chairman Brad Smith joined the meeting along with Trump’s running mate JD Vance. Silicon Valley sought to…

Major in e-commerce Amazon is set to acquire Bangalore-based fintech Axio, valuing buy now, pay later (NBPL) at around $190 million to $200 million, three people in the know said. The deal, which awaits approval from the country’s banking regulator, is the biggest check Amazon has issued for a buyout in India and signals its intention to deepen its lending business.”In December, after completing due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await the required regulatory approvals,” Axio said in the blog without disclosing details of the transaction. Axios manages…

A quarter of professionals plan to hire AI specialists in the next year. Credit: TStudious/Shutterstock. Auditors remain heavily reliant on manual processes, with 73% spending more than half their time on spreadsheet-based tasks such as reconciliations, data extraction and outdated workflows. and only 33% of them currently use artificial intelligence (AI) in their operations, according to a recent study. by accounting software company Trullion. The results highlight a contrast in how auditors and accounting teams tackle inefficiencies. Nearly half of auditors surveyed cited reconciliations as their top challenge, with more than 70% spending five to 20 hours per week on…

Work in Fintech (WIF), a social project that aims to increase diversity and access of young people to financial technology and the semantic web industry3 which relies more on artificial intelligence (AI) for the next Internet generation, revealed Payabl. as a sponsor and supporter of paid technology for its upcoming Work in Fintech Summit 2025 which will be held in London on Friday January 24 at the Investment2020 site in the City. Organized in conjunction with The Investment Association, a UK professional body for investment managers, the Summit will provide graduates and talented young people with mentorship, the potential opportunity…

Bitcoin.com NewsEthereum Contender Expected to Redefine Lightchain Decentralized Finance Presale AICOPRESS RELEASE. The future of decentralized finance (DeFi) is here, and it’s called Lightchain AI. With its revolutionary fusion of… 3 hours ago

Major in e-commerce Amazon signed an agreement to acquire fintech loan startup Axio, formerly Capital Float.”In December, after completing due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await required regulatory approvals,” Axio said in a blog post.Development follows Amazon Smbhav Venture Capital Fund lead a $20 million equity financing in Axio in August last year.Amazon first supported Axio in 2018.The acquisition is part of Amazon’s broader strategy to expand its financial services offerings in India.Artificial Intelligence (AI)Java programming with ChatGPT: learn how to use generative AIBy – Metla Sudha Sekhar,…

It highlights key developments in the financial regulatory landscape, including regulatory changes and enforcement actions affecting financial entities, investment advisers and funds in the Asia Pacific (APAC) region. In this edition, we delve deeper into the Monetary Authority of Singapore’s (MAS) Fintech vision, as shared during a fireside chat at the Singapore Fintech Festival 2024. Download a copy of the PDF below.