Author: nripn

(Bloomberg) — Shares of Samsung Electronics Co. jumped after South Korea’s largest company announced a surprise plan to buy back about 10 trillion won ($7.2 billion) of its own shares at the price. of next year. Most read on Bloomberg The stock rose 7.5% Monday in Seoul, adding to a 7.2% jump Friday before the news was announced. Shares are still down about 28% this year on concerns that its memory chip business is lagging in the artificial intelligence market. Analysts expect the buyout to be a catalyst for the stock, while some have noted it could also help the…

This award recognizes the company’s investment in employee training, advancement and well-being. LOS ANGELES, November 18, 2024 (GLOBE NEWSWIRE) — FloQastaccounting transformation platform created by accountants for accountants, was honored today by the US FinTech Awards 2024 with the Best Employer Award. The Best Employer award recognizes companies that prioritize employee growth, well-being and community impact. These organizations provide strong professional development, foster a positive work environment through morale and health initiatives, create local employment opportunities, and engage in outreach to attract top talent. They are also recognized by third parties for their excellence as employers.“Receiving the Best Employer award…

PeLocal’s vision is to become the leading WhatsApp-based ticketing provider in various Indian states and organizations, while driving the adoption of utility payments through WhatsApp. PeLocal, a payment solutions provider within WhatsApp, has raised $2 million in seed funding led by Unicorn India Ventures. The funds raised will be used to expand and improve the platform and will also help accelerate go-to-market strategies for large-scale project deployment.Over the past 12 months, PeLocal has grown from 500,000 monthly payment transactions to 3 million monthly payment transactions. The company aims to achieve 10 million monthly payment transactions on WhatsApp in the next…

We recently published a list of 15 AI News That Disrupted the Internet This Week. In this article, we’ll take a look at where NVIDIA Corporation (NASDAQ:NVDA) stacks up to other AI news breaking the internet this week. AI trends are sweeping markets around the world. On November 14, TikTok, the popular social media app owned by Chinese company ByteDance, announced the availability of Symphony Creative Studios, an AI generative video creation platform it developed, for all advertisers. According to a report by news agency Reuters, the launch is part of a larger plan by the Chinese tech giant to…

We’re already accustomed to FinTech ━ we use it every day, whether it’s checking bank accounts on our smartphones or chatting with an AI chatbot about a common financial problem. The industry has changed dramatically in recent years as marketers have seen the opportunity to take advantage of customer-facing services and deliver them quickly and efficiently. However, profitable market development does not guarantee complete success. FinTech is currently facing issues with data security, regulatory compliance and service personalization as its sudden expansion has taken most businesses by surprise, leaving important aspects behind. Additionally, FinTech has recently been included as an…

EFT Company (EFTCorp) and Visa announced a 5-year cooperation to transform the digital payments landscape in Africa. This alliance aims to increase financial inclusion and implement sophisticated payment solutions across the continent. This partnership will provide fintech access to comprehensive prepaid and debit card programs tailored to diverse consumer needs, EFTCorp will serve as the program manager and issuer processor ensuring effective and efficient payment processing. According to McKinsey250 million Africans are expected to join the consumer class by 2030, unlocking $3 trillion in consumer spending. To support this growth, Visa has committed to investing $1 billion in Africa to…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthHSBC Holdings is asking hundreds of managers to reapply for their jobs at the new corporate and institutional banking (CIB) division, sources said. Bloomberg.Georges ElhédéryThe mandate, part of CEO Georges Elhedery’s overhaul of the bank, aims to reduce costs and streamline operations across its massive global workforce of around 215,100 employees.The restructuring has triggered a wave of internal competition, with top executives from the former commercial banking and global banking and markets units now competing for a smaller pool of positions within the consolidated CIB division.Interviews are…

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxThe regulatory landscape for cryptocurrencies has undergone a significant transformation in 2024, with the European Union (EU) taking the lead through landmark initiatives such as the Markets in Crypto Assets (MiCA) Regulation, but also stablecoin guidelines as well as updates to the so-called “travel rule” for crypto transfers, a new report from Elliptic, a British blockchain analysis company, said.These efforts represent some of the most significant crypto regulatory advances of the year, highlighting the EU’s pioneering role on the global stage and paving the way for regulatory trends…

Aquariux, a proud member of the Singapore Fintech Association and recipient of the Global Best White Label Solution Award in June 2024, is a leading fintech company offering comprehensive software solutions as a service. Their suite includes trading platforms and payment gateways for traditional and digital assets. We specialize in providing tailored, scalable solutions to meet the unique needs of financial institutions.Incorporated in October 2020 and headquartered in Singapore, Aquariux continues to drive innovation in the fintech sector.

Investing.com — NVIDIA’s (NASDAQ:NVDA) new Blackwell AI chip is reportedly experiencing overheating issues when connected to custom server racks, The Information reported Sunday afternoon. The company is working with suppliers to change rack designs to alleviate the overheating problem as anxious customers worry about delays. Shares slipped 2.9% in Monday premarket trading. The AI ​​chip giant already delayed Blackwell by a quarter due to design flaws that have since been fixed. The new server racks combine 72 Blackwell chips, creating a powerful AI system. Major customers like Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META) and Elon Musk’s xAI have been eagerly awaiting the…