Author: nripn

Rune Christensen, co-founder of CoinMarketCapMaker, dispels rumors of ‘freeze function’ ahead of USD launchSune Christensen, co-founder of the recently rebranded Maker protocol, clarified that no ‘freeze function’ will be added to the ….August 28, 2024

Bengaluru-based fintech unicorn Razorpay’s profits grew more than 4x in the financial year ending March 31, 2024. The Peak XV-backed startup reported a profit of INR 33.5 Cr, i.e. a jump of 365% compared to the INR 7.2 Cr announced the previous one. year. The startup’s rise in profits is attributed to its increase in operating revenue. In FY24, the startup’s operating revenue grew 9% to INR 2,475 Cr. compared to INR 2,283 Cr during the previous financial year. The startup generates most of its revenue from payment fees it earns by providing online payment services to merchants. As a…

REDWOOD CITY, Calif., November 4, 2024–(BUSINESS FEED)–C3 AI (NYSE: AI), the enterprise AI applications software company, today announced that it will report financial results for the fiscal second quarter, ended October 31, 2024, after the close of U.S. markets on Monday December 9, 2024. C3 AI will host a conference call and webcast to discuss financial results. The conference call will begin at 2:00 p.m. PST / 5:00 p.m. EST on December 9, 2024. Analysts and investors will be able to participate in the Q&A session. Conference Call Details Date: Monday December 9, 2024 Time: 2:00 p.m. Pacific Standard Time…

Fintech giant Revolut could be about to embark on an acquisition spree as its finance and strategy chief announces the expansion of its M&A team. However tense economic terms While recent years have caused most tech companies to tighten their purse strings, Revolut has always wanted to present itself as an outlier. TCanary Wharf farm currently has almost 1,400 job offers advertised online with dozens of tasks. One of Revolut’s recent recruits, Ferran Sostres i Sindreu, recently went to LinkedIn to give a boost to one of the firm’s job openings in the mergers and acquisitions team, first reported by…

The head of German Bank said to merge with Commerzbank is not a priority. In a interview with CNBC Thursday (January 18), CEO of Deutsche Bank Christian Sewing appeared to refute recent – ​​and unconfirmed – reports that his company was in talks to merge with another German financial institution, Commerzbank. “I wouldn’t say it’s my priority, to be honest. I have always said for years that mergers and acquisitions in the banking sector, especially in Europe, must take place at some point, but the most important thing for this is that certain preconditions are met – preconditions of a…

The success of a young Nigerian digital product designer at this year’s Hackathon highlights the growing opportunities in Qatar’s tech space.At this year’s Qatar Innovation Hackathon, Ajiri Omafokpe used his six years of fintech experience to drive product creation through an intense competition. Candidates were challenged to use digital technologies— such as machine learning and augmented reality — to develop innovative business models in six industry-specific themes. Omafokpe played a key role in the success of Amanah, the GCC’s first Takaful aggregator, which became one of the winners in the Fintech category. The team, made up of four dynamic professionals…

Injective and ASI enable AI interoperability, advancing decentralized on-chain AI development. New access to the FET token in Injective strengthens AI-driven DeFi capabilities across its entire ecosystem. Injective, in collaboration with the Artificial Superintelligence Alliance (ASI), has officially enabled interoperability rails, marking a significant step forward in the integration of AI and blockchain technology into on-chain finance. Injective and ASI set to revolutionize DeFi with advanced AI integration This cooperation paves the way for a new era in which artificial superintelligence (ASI) and decentralized artificial general intelligence (AGI) will be developed and included in the Injective ecosystem. Now fully compliant…

Artificial intelligence, particularly generative AI, is redefining the aggressive fintech landscape. The McKinsey Global Institute recently predicted that generative AI could add an additional $200 billion to $340 billion in annual value to the banking industry, representing a potential 9 to 15 percent increase in operating profits. As industry players up their game, Visa is betting big on AIlaunching more than 500 generative AI applications to drive innovation and increased productivity at scale. The vision for AI integration is not just about reducing costs; it’s about redefining workflows. Visa has invested $3.3 billion in AI and data infrastructure over the…

Deep-pocketed investors have taken a bearish approach towards UP Fintech Holding TIGRand this is something that market participants should not ignore. Our tracking of Benzinga’s public options filings today revealed this important move. The identities of these investors remain unknown, but such a big move in TIGR usually suggests that something big is about to happen. We gleaned this information from our observations today when Benzinga’s options scanner highlighted 13 extraordinary options activity for UP Fintech Holding. This level of activity is extraordinary. The general mood among these heavyweight investors is split, with 30% of them optimistic and 61% bearish.…

(Bloomberg) — Baidu Inc. is set to unveil a pair of glasses with a built-in AI assistant, highlighting a Chinese rival to the Meta Ray-Bans that have proven rare success in AI-powered hardware. Most read on Bloomberg The Chinese search leader and longtime investor in artificial intelligence plans to showcase its product at its annual Baidu World event in Shanghai next week, according to a person familiar with the schedule. The gadget will have built-in cameras to capture photos and videos and support voice interactions built after Baidu’s Ernie Foundation, the person said, asking not to be named because the…