Author: nripn

The awards to ZainTECH, TAMAM and Dizlee demonstrate Zain’s continued innovation in providing digital transformation solutions to businesses and consumers in the region. Dubai: Zain Group recently received three distinguished awards at the prestigious MEA Business Magazine Technology Achievement Awards 2024, approved by the SAMENA Council, as part of a multi-industry recognition awards program aimed at highlighting significant technological achievements in the ICT industry organized during GITEX GLOBAL. 2024.The top prize was awarded in the “Innovative Collaborations and Partnerships” category in recognition of the launch of the ZainTECH and Datanuum strategic go-to-market agreement, a comprehensive customer data enrichment, engagement and…

NVIDIA (NVDA) stock rose nearly 5% on Tuesday, following bullish notes from Wall Street analysts citing strong demand for chips ahead of its scheduled earnings report Wednesday afternoon. In a client note this week, Stifel analyst Ruben Roy raised his price target on Nvidia from $165 to $180, while Truist Securities’ William Stein raised his price outlook from $148 to $167. Roy cited “a diverse set of data points,” including continued high spending on AI infrastructure by hyperscalers and demand for Nvidia’s latest Blackwell AI chips. “We believe NVDA is well positioned in markets that, combined, generate an overall TAM…

– By Bikash Narayan Mishra THE Financial Technology industry expected to disrupt the financial services industry. Through innovative technology, these new-age companies aim to provide more accessible financial products, low-cost deliveries and payment solutions. However, disruption cannot come at the expense of regulation. In recent days, the Reserve Bank of IndiaThe precise and targeted actions against certain FinTech companies have caused some discontent within the sector. While affected companies are eager to address concerns and comply with regulations, some industry representatives fear this overzealous approach could stifle growth in the nascent FinTech sector. Government must address concerns about harassment of…

Bitcoin.com News Fintech startup raises $1.5 million to democratize maritime finance Maritime fintech startup Shipfinex has secured $1.5 million in seed funding to democratize maritime finance through blockchain….it 4 days ago

Nvidia Beats Q3 Revenue, EPS Estimates and Supply Constraints Ding Stock: Huang Says ‘AI Era is in Full Throttle’ (UPDATE) Benzinga and Yahoo Finance LLC may earn commissions or revenue from certain articles through the links below. Editor’s note: This story has been updated with additional information. NVIDIA Company (NASDAQ:NVDA) continued its streak of better-than-expected results, with revenue and earnings per share ahead in the third quarter. of Street estimates Wednesday Nvidia’s key figures for the third quarter: Nvidia reported third-quarter revenue of $35.1 billion, up 94% year over year, beating the Street consensus estimate of $33.12 billion, the data…

In this episode of the Connecting Africa podcast, we speak with Andy Jury, Group CEO of the financial services platform. Mukuruon the fintech landscape in Africa, how Mukuru has followed its strategy of evolution and expansion over the past 20 years, and the opportunities that remain to bring true digital and financial inclusion to Africa.Founded in 2004, Mukuru’s platform sits at the intersection of formal and informal financial services ecosystems and delivers financial inclusion to more than 16 million people across Africa, Asia and Europe. It has grown and now operates in over 60 countries and over 500 remittance corridors.“The…

Cardo AI, an asset-based financing and private credit technology platform, has reached a major milestone with its $15 million Series A funding round. The round was co-led by Blackstone Innovations Investments, Blackstone’s strategic early-stage investment arm, alongside FINTOP Capital and JAM FINTOP. Additionally, Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, contributed funding.The company operates in a $40 trillion asset-based financing and private credit market, which has traditionally relied on outdated systems, manual procedures and scattered data. As the industry evolves with increasingly sophisticated investment strategies, Cardo AI is at the forefront of modernizing these operations.The platform offers…

CHICAGO (AP) — Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to “act on our behalf in our work and our life. AI developers are increasingly pitching the next wave of generative AI chatbots as AI “agents” that can do more useful things on behalf of people. But the cost of creating and operating AI tools is so high that more and more investors are wondering whether the technology’s promises are overblown. Microsoft said last month that it was preparing for a…

•➤ A complete overviewThe financial technology (fintech) application market has become a transformative force, redefining the way individuals and businesses interact with financial services. From mobile banking to payment gateways, fintech applications offer unprecedented convenience, efficiency and security. In 2024, the global fintech applications market continues to expand, driven by increasing smartphone penetration, growing internet connectivity, and increasing demand for transparent digital financial solutions. These applications serve various financial needs, such as payments, lending, wealth management, insurance, and blockchain services, creating an ecosystem that benefits both consumers and businesses. The integration of advanced technologies such as artificial intelligence (AI), blockchain,…

Financial technology regulation in China is best understood from trends in the regulation of its financial institutions, where two questions arise: Who should the technology serve? and how can it achieve this goal? The integration of technology and finance in China, as well as the transformative power of technology in finance, cannot be discussed without mentioning Ant Financial, a spinoff of Alipay. Ant Financial’s first funding round took place in 2014. This was at a time when global investor interest in fintech was booming, and LendingClub’s IPO in December 2014 marked a summit. There has been significant private equity investment…