Startup News—nripn—October 22, 2024

(Reuters) - Stripe will buy stablecoin infrastructure provider startup Bridge, the fintech said in a tweet on Monday without disclosing the value of the deal. The deal is valued at $1.1 billion, Forbes reported last week, citing people familiar with the matter. Contacted by Reuters, Stripe declined to comment on the amount of the transaction.

AI in Finance—nripn—October 22, 2024

(Reuters) - Jeff Bezos-backed Perplexity AI has entered fundraising talks in which it plans to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity told investors it plans to raise about $500 million in the new funding round, the Journal reported citing people familiar with the

Jobs Market News—nripn—October 22, 2024

Popular technology leader, Iyin Aboyeji, has blamed the younger generation of Nigerian fintech entrepreneurs for failing to seize new opportunities emerging in the country. The technology leader said this during the Rise up again The Morning Show, where he was a guest. According to the Andela co-founder, average Nigerians need help adapting to the current

Startup News—nripn—October 22, 2024

Fintech company Obligo, which develops security deposit solutions for real estate rentals, raised $35 million in Series C funding. The funding round was co-led by True Global Ventures and 83North, and also included additional investors in equity and debt 10D, Ouverture Capital, HighSage Ventures, MUFG Innovation Partners and Viola Credit. The Obligo platform for tenants

AI in Finance—nripn—October 22, 2024

IBM Expands Open Source AI with Granite 3.0, Boosting Business Flexibility International Business Machines Corp. (NYSE:IBM) presented his last progress in artificial intelligence with the release of Granite 3.0, the company's most sophisticated family of AI models. The announcement was made during IBM's annual TechXchange event. Granite 3.0 models meet the growing demand for AI

Startup News—nripn—October 22, 2024

Consumer neobank Totem has pulled out all the stops to cover its bases when it launches in 2022. The startup had a niche audience — Native Americans — for whom a neobank did not seem to exist. It aimed to monetize beyond interchange revenue by giving the app a white label for each tribe. The

AI in Finance—nripn—October 22, 2024

Microsoft (MSFT) continues to find ways to monetize its massive investments in artificial intelligence with a growing range of software offerings for businesses and consumers. The company's latest effort is what it calls autonomous agents and comes as Wall Street prepares to scrutinize tech companies' AI spending and growth. At its AI Tour event in

Jobs Market News—nripn—October 22, 2024

Declining interest rates and continued attention to new technologies such as artificial intelligence have led to an increase in the number of potential fintech opportunities, said Zachary Wasserman, chief financial officer of Huntington Bancshares. The Columbus, Ohio-based bank and its in-house venture capital arm, Huntington Corporate Ventures, are seeing "a fairly notable acceleration in fintech

Regulatory Updates—nripn—October 22, 2024

Free newsletter Get the latest Fintech Singapore news delivered to your inbox once a month Thailand's Securities and Exchange Commission (SEC) has announced upcoming regulatory changes regarding the use of digital asset payments. Starting September 6, restrictions on the use of digital assets as a means of payment will be eased and digital asset businesses

Startup News—nripn—October 22, 2024

SUMMARY PB Financial Account Aggregator Private Limited (PBAA) received the Certificate of Registration (CoR) from the Reserve Bank of India (RBI) on October 21. Thanks to this, it can carry out the activity of a non-bank financial institution as an account aggregator without accepting public deposits. The fintech company incorporated the NBFC with a paid-up

AI in Finance—nripn—October 22, 2024

A study by The College Investor reveals significant inaccuracies in Google's AI-generated summaries for financial queries. Out of 100 personal finance searches, 43% contained misleading or incorrect information. Main findings The study evaluated AI insights on various financial topics, including banking, credit, investing, taxes, and student loans. The results showed: 57% of AI insights were

Jobs Market News—nripn—October 21, 2024

New collaborative fintech careers event draws large crowd of business students Leaders and faculty advisors from the Accounting Club, the Finance Club, and the Information Technology and Cybersecurity Club worked together to create a new event focused on the ever-changing world of financial technology. RGA representatives Stephanie Kut (left) and Edmond Deuser speak with UMSL