Author: nripn

Financial Times Amid the murky new economy of AI chips, financial history is full of weird and wonderful examples of collateral. In the 19th century, for example, Peru used its future….1 day ago

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxTHE German Federal Bank became a member of Project Guardiana global initiative led by the Monetary Authority of Singapore (MAS) that explores the use of asset tokenization in financial markets.As a German member of the Eurosystem and Germany’s monetary authority from 1957 to 1998, the Bundesbank brings its expertise to the project.Launched in May 2022, Project Guardian brings together policymakers and key players in the financial sector to improve market liquidity and efficiency through the innovative use of technology.The Bundesbank will participate in various pilot projects testing specific…

Fintech startup Parker closed a $20 million Series B funding round on November 8, led by Valar Ventures with support from Y Combinator. This brings their total funding to $58 million in venture capital and $120 million in debt financing. Parker, a financial platform designed for the e-commerce industry, aims to equip internet entrepreneurs with the financial tools and information needed to successfully understand, grow and scale their business. The fintech startup launched in 2019 was featured in 2024 magazine. Forbes 30 under 30 North American listing in the Enterprise Technology category alongside co-founders Milan Ray and Yacine Sibous. Ray,…

Photo: Malorny/Getty Images Independent pharmacy Benefits manager CerpassRx is seeking to better manage specialty drug spending by partnering with Waltz Health on an artificial intelligence-based platform called the Intelligent Specialty Engine. The idea is that the approach, which includes real-time analytical and specialty spend management capabilities, will improve transparency and facilitate the specialty drug experience for health plans and employers. Data from the Assistant Secretary for Planning and Evaluation published in 2022, specialty drugs will account for more than half of total drug spending. Health plans and self-insured employers are facing increasing pressure to manage these expenses more effectively and,…

Artificial intelligence (AI) was the dominant topic at the most influential auto finance conclave of 2024: the 15th annual Auto Finance Summit (AFS), held this year in Las Vegas. AFS has often set the tone and agenda for the future of auto financing as a whole, and all signs point to a significant boom in this area. This was clear in sessions covering cross-sector synergies, discreet regulation, and disruption in the sharing economy. At this year’s summit, it was remarkable to see how lenders were much less hesitant to use AI to automate decision-making, underwriting and funding. We saw from…

VERBAL VARIETY – Annie Pérez – The free manNovember 12, 2024 | 00:00 Over the weekend, many users of a popular mobile wallet app found themselves in a state of worry as fraudulent transactions took place without their consent. Others were quick to notice the absence of the one-time PIN, which is usually sent to the registered mobile number for security reasons. This led to suspicions that the breach might be an inside job, as the perpetrators made the fraudulent transactions appear legitimate and transparent. In response, the company released a statement assuring users that it was doing its best…

A Revolution The investor would estimate that the value of FinTech has increased by 45% since last year. An investment trust overseen by Schroders has increased his stake in the British company, up from 7.88 million pounds ($9.75 million) as of December 31, compared to 5.44 million pounds ($6.75 million) a year earlier, Bloomberg News reported Monday 15 april. The Bloomberg report notes that while Schroders’ stake is small, it still implies that Revolut’s valuation has increased to $25.7 billion, up from $17.7 billion last year, but below the valuation of $33 billion reached by the company in a 2021…

Legal and financial problems pile up for fintech mortgage lender LoanSnapthe company having recently been evicted from its headquarters in the South California. The news had already been reported this week by TechCrunch. TechCrunch reported Monday that although “LoanSnap has not yet closed its doors, according to two employees, the mood within the company is distressing as workers await clarity on the company’s future.” » The company allegedly failed to pay employees at least a month late. last year, while layoffs and attrition reduced its workforce from more than 100 to fewer than 50. Founded by Karl Jacob and Allan…

Managing payroll is difficult in any country, but perhaps especially in Brazil, due to constantly changing laws and extremely influential unions that make managing salaries much more difficult. Fernando Gadotti struggled with this as co-founder and CEO of DogHero, the LatAm version of Rover. When Gadotti left the company in 2022, after selling it in 2020, he decided that was where he wanted to focus next. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest…

We recently compiled a list of 35 AI news and notes you can’t miss. In this article, we’ll take a look at where Micron Technology (NASDAQ:MU) stacks up to other AI stocks to watch. Data center investments by hyperscalers to get ahead of the artificial intelligence (AI) race are a hot topic on Wall Street. A latest study on the subject from the consulting firm McKinsey sheds additional light on the European market in this regard. According to the McKinsey report, data center power consumption in Europe is expected to almost triple by 2030, which will require a significant increase…