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AI in Finance—nripn—October 29, 2024
DELRAY BEACH, Florida., October 28, 2024 /PRNewswire/ - The AI in the financial market should reach $190.33 billion by 2030 from $38.36 billion in 2024, with a CAGR of 30.6% over the period 2024-2030, according to a new report from MarketsandMarkets™. AI-based chatbots and virtual assistants are significant growth drivers in the financial AI market,
Startup News—nripn—October 29, 2024
Delhi-based fintech unicorn BharatPe has expanded into investment offerings with the launch of a new app, Invest BharatPe. Available on the Google Play Store and App Store, the new platform aims to simplify investing for consumers, starting with an accessible digital gold option. The app marks BharatPe's move into the investment space, allowing users to
AI in Finance—nripn—October 29, 2024
Christopher Hui says tax breaks for investments in virtual assets are being considered. BLOOMBERG Cici Cao and agencies Hong Kong yesterday outlined five key initiatives to use artificial intelligence in finance and launched a tax break for virtual assets, as part of efforts to promote itself as an Asian financial hub. The guidelines were
Jobs Market News—nripn—October 29, 2024
Jeanne Pastrano, a mother of two, quit her job and took a six-month sabbatical after feeling burned out.Jeanne Pastrano 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
Market Rumors—nripn—October 29, 2024
Chime Financial reportedly intends to launch its initial public offering (IPO) in 2025. The FinTech company aims to do so in the United States but has not yet signed banks for the IPO, Bloomberg reported Friday March 22, citing anonymous sources. Chime did not immediately respond to PYMNTS' request for comment. Chime has been considered
Startup News—nripn—October 29, 2024
Inicio AI, a female-led fintech start-up based in Coventry, has won £1 million in the One To Win pitch competition at Birmingham Tech Week's Tech Awards. Led by TechWM and supported by sponsors including Rigby Group and the West Midlands Co-Investment Fund, the competition offers the largest single prize pool for a pitch competition in
Jobs Market News—nripn—October 29, 2024
Which presidential candidate will be best for fintech over the next four years? Of all the issues troubling the 2024 presidential campaign, it's safe to say that the future of fintech is not among the top two or three. Nonetheless, it is also safe to say that the fintech sector under a Trump administration will
Startup News—nripn—October 28, 2024
October 27, 2024, the fintech unicorn slice finalized its merger with the North East Small Finance Bank (NESFB). The merger, initially announced in October 2023, received clearance from National Company Law Tribunal (NCLT) after fulfilling all requirements required by shareholders and regulations approvals. The transaction unites Slice, known for its digital financial services, with NESFB's
AI in Finance—nripn—October 28, 2024
AArtificial intelligence (AI) is becoming one of the key drivers of financial innovation hubs in the global economy. These innovation hubs are frameworks developed in the context of interaction between households and businesses through financial systems of direct and indirect lending and borrowing. The interaction between households and businesses happens through the language known as
Market Rumors—nripn—October 28, 2024
Tether CEO Paolo Ardoino has been transparent about the company's reserve assets, amid swirling rumors that Tether could be monitored by US authorities. According to Ardoino, Tether currently holds a the staggering sum of $100 billion in US Treasuries, more than 82,000 Bitcoins worth around $5.5 billion and 48 tonnes of gold to back its
Startup News—nripn—October 28, 2024
DigEnd ranked the presentations of five fintechs that reached the finals of an annual incubation program run by Accenture. Eight startups reached the final, but DigEnd has already covered three: BlueOnion, Evident and Planto. Here are links to the founders of each company discussed on our video podcast, DigFin VOX: Okay, and then there were
Technology Innovations—nripn—October 28, 2024
RIYADH, SAUDI ARABIA - Media OutReach Newswire - September 8, 2024 - Steven Chou, Chairman of Sahm Capital and Chief Strategy Officer of Valuable Capital Group Limited, highlighted the transformative role of technology in the Saudi financial sector during his speech at 24 Fintech in Riyadh. The event attracted 36,959 visitors, over 300 brands and
