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Startup News—nripn—October 18, 2024
Bengaluru: India's fintech startup ecosystem secured $778 million in funding during the July-September period, reaching second place globally after the United States in terms of fintech funding raised in the third quarter, according to a report released on Tuesday . This growth can be attributed to government initiatives such as the promotion of digital payments
AI in Finance—nripn—October 18, 2024
Several chipmaker stocks rebounded Thursday amid optimism about AI demand at Taiwan Semiconductor Manufacturing Company (TSM) dazzling results in the third quarter. AI chip maker Nvidia (NVDA) rose as much as 3%, at one point hitting an all-time intraday high as investors reacted to TSMC's positive sentiment towards artificial intelligence. Nvidia's rival, Advanced Micro Devices
Regulatory Updates—nripn—October 18, 2024
In 2023, the global regulatory landscape revealed a startling revelation: fines imposed by authorities exceeded a colossal $10.5 billion. This figure not only reflects stringent enforcement measures, but also highlights new areas of regulatory oversight. This conclusion comes from the latest quarterly application data report for 2023 from CorlyticsA regulatory risk monitoring platform. The EU,
Startup News—nripn—October 18, 2024
Filipino startup OneLot raises $4 million in pre-seed funding to boost AI financial technology for car dealerships. 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 that may arise in
Breaking News—nripn—October 18, 2024
Welcome to TechCrunch Fintech! This week, we take a look at the madness that is Bolt's proposed fundraising, how much money the Synapse founder has raised for his new venture, how much money Stripe has, and much more. To receive a roundup of TechCrunch's biggest and most important fintech stories in your inbox every Tuesday
AI in Finance—nripn—October 18, 2024
The technology helped recover $1.3 billion in tax fraud in fiscal year 2024, according to the Treasury. The United States Department of the Treasury is turning more to artificial intelligence (AI) to combat fraud, using technology to thwart $4 billion in irregular payments over the last year. The agency released the estimate in a statement
Startup News—nripn—October 17, 2024
Mastercard has announced the latest cohort of its Start Path Emerging Fintech program, welcoming 10 innovative startups that are transforming the payments technology industry. These startups were selected for their innovative work in areas such as sustainability, cybersecurity, digital transformation and travel, and will participate in the world-renowned startup engagement initiative. Five of the companies
AI in Finance—nripn—October 17, 2024
new York CNN — The federal government's bet to use artificial intelligence to combat financial crime appears to be paying off. Machine learning AI helped the U.S. Treasury Department sift through massive amounts of data and recover $1 billion in check fraud in fiscal year 2024 alone, according to new estimates shared first with CNN.
Startup News—nripn—October 17, 2024
Bangalore-based fintech unicorn Slice raised Rs 71.7 crore (around $8.6 million) from its founder and CEO, Rajan Bajaj. The funding comes from partially paid-up shares, as revealed in the company's regulatory filing with the Registrar of Companies. Slice's board of directors approved a special resolution to issue 22,000 shares at a price of Rs 32,606
Regulatory Updates—nripn—October 17, 2024
Regulators stepped up their enforcement actions during the third quarter of 2024, setting unprecedented records in the number and scale of sanctions, according to a report from a global regulatory intelligence firm. Corlytics. Among these actions, the Commodity Futures Trading Commission's (CFTC) $12.7 billion ruling against FTX and Alameda stands out as a pivotal moment
Breaking News—nripn—October 17, 2024
Fintech and software payments will inevitably intersect as financial technology begins to resemble traditional technology such as software, a senior bank official said. BANK of America has integrated its fintech investment banking team into its technology practice, reflecting the broader financial services industry's shift toward software. The bank will bring about 50 bankers into its
AI in Finance—nripn—October 17, 2024
(Bloomberg) - Biden administration officials discussed capping sales of Nvidia Corp.'s advanced AI chips. and other U.S. companies on a country-specific basis, people familiar with the matter said. Most read on Bloomberg Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or wherever you listen. That approach would set a cap on export licenses for
