Author: nripn

In January 2024, there was a press report that woven Finance, a Nigerian fintech, will close its doors in the first quarter of 2024. However, the fintech refuted the claim and said an email warning customers of the impending shutdown was sent in error. During a call with Techpoint Africa, Frank Ugwulali, head of product and partnerships, said the email communication was meant to be an internal email sent to customers. The email contained information such as a risk assessment and strategy review, which customers misinterpreted as a shutdown. Ugwulali also pointed out that recent news of startup closures has…

Focused on the transportation industry fintech startup AtoB plans to open a research and development center in Bangalore to power its growing global operations, co-founder and CEO Vignan Vélivéla ET said.The San Francisco-based company is also in the final stages of an acquisition in India, he said, without elaborating.“We’re definitely in expansion mode now,” Velivela said. “It’s no longer just about the United States, but we are actively looking at international markets and to do that we want a global talent pool.”Velivela said the company was looking to tap Indian talent in areas such as engineering, business, risk and financial…

A panel appointed by the Ministry of Electronics and IT (MeitY) has recommended an inter-ministerial or whole-of-government approach to governing artificial intelligence (AI). Indeed, according to the panel, a collaborative and coordinated approach from different regulators can enable them to be more efficient and effective, given the complexity likely to be involved in managing large-scale AI systems . The committee said the committee could be headed by the chief scientific advisor and include representatives from all ministries. Even unofficial members could include people who can represent the interests of AI developers, AI deployers, data providers, data stewards and end users…

The latest news from another fintech startup close the doorsproves how difficult the current market is. THE fintech landscape was crowded and startups have to work even harder to stand out from the crowd. According to Crunchbase dataglobal venture capital funding in the third quarter of 2024 decreased 16% from the previous quarter and 15% year-on-year. If this trend continues, in 2025, Fintech founders will likely face even greater challenges when competing for investment.. Success won’t just depend on launching good products or having reasonable roadmaps in place; Companies will need to work harder to adopt communications strategies that resonate…

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. In financial services, recent news that TabaPay would put an end to its FinTech acquisition project Synapse Financial Technologies evokes another type of connectivity: The links established between FinTechs, sponsor banks, their efforts to develop banking as a service… and the risks that may be inherent therein. Here are the details so far: As reported on Thursday (May 9), and as of this writing, TabaPay, a payment processor, has pulled out of its deal to purchase Synapse, which focuses on banking as…

Advanced micro-devices (NASDAQ:AMD) investors, get ready. HSBC just put the brakes on the chipmaker, downgrading the stock from Buy to Reduce and reducing its price target from $200 to $110, suggesting a bumpy road ahead. HSBC analyst Frank Lee didn’t hold back, highlighting AMD’s lackluster prospects in the red-hot AI GPU market. He highlighted low demand for AMD’s MI325 GPU and delays in catching up with Nvidia’s (NASDAQ:NVDA) market-dominating NVL rack platform. Lee also cut AMD’s AI GPU revenue forecast for fiscal 2025 by 34%, to $8.1 billion, a stark contrast to the consensus estimate of $9.5 billion. AMD’s stock…

The annual Consumer Technology Show CES 2025 officially kicks off on January 7 and is guaranteed to bring a variety of interesting, eye-catching and downright weird new products to the famous Las Vegas Strip. Every CES comes with its share of big-name announcements, whether they’re chipmakers, automakers or small startups. And this year will be no different. Of course, the biggest stories will undoubtedly be, as they have been for two years, about artificial intelligence. However, the series is not limited to AI. Newer, better TVs, unique appliances, and laptops as far as the eye can see – plus a…

When it comes to artificial intelligence (AI), chances are you think of the actions of the “Magnificent Seven” such as Microsoft, NvidiaOr Tesla simply by default. But in 2024, a smaller player has emerged from the deepest recesses of the AI ​​field and propelled itself into the spotlight. Darling Business Software Palantir Technologies had a record year in 2024. Shares soared about 350% last year, helping Palantir winner #1 among the actions of S&P500 (INDEXSNP: ^GSPC). Given such an epic journey, it’s only natural that investors would turn over every stone in an attempt to find the next Palantir. I’m…

Student debt is a challenge for millions of students and graduates around the world. In the United States alone, the situation has reached a staggering level, affecting more than 45 million borrowers.Most students are forced to carry significant debt with them because college has become too expensive. This makes it very difficult for them to concentrate on education and their future plans. In addition to hitting major life milestones like buying a home or starting a family, this financial burden affects academic success. Fintech is stepping in to ease some of this burden, presenting both challenges and opportunities for traditional…

Decentralized exchange (DEX) Hyperliquid is facing significant turbulence as it saw $60 million in USDC outflows amid rumors that North Korean hacking groups are actively targeting the platform. This also impacted its native token HYPE, which plunged more than 10% in the last 24 hours. Cybersecurity expert Tayvano revealed on December 22 that on-chain evidence suggests North Korean hackers were targeting Hyperliquid. Hackers are actively trading on the platform, suffering losses in excess of $700,000 since beginning their activities. However, Hyperliquid Labs has denied any exploits or vulnerabilities on the platform and reassured users that funds are secure.