Author: nripn

SINGAPORE – A mix of technical and soft skills will become more important, several speakers at the Singapore FinTech Festival said, as recruitment slows for jobs in the fintech sector. Financial institutions are taking a cautious approach to hiring, with 57 percent reporting a hiring freeze or planning a reduction in headcount in the tech sector, according to a Nov. 7 report, while only 22 percent plan to hire more staff. Fintech firms appear slightly more optimistic: 27 percent said they were looking to increase their technology headcount, compared to 13 percent of banks and asset managers, notes the report…

MODIFI, a global B2B Buy Now, Pay Later (BNPL) solutions platform, announced the completion of a $15 million project funding round led by SMBC Asia Rising Fund. The round also saw participation from existing investors Maersk, IntesaSanPaolo, Heliad and other leading global investors. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading banks and a major financial force in the APAC region, brings both capital and strategic alignment to the partnership. Signing of a memorandum of understanding with SMBC In addition to this investment, MODIFI and SMBC signed a Memorandum of Understanding (MoU) to jointly promote digital solutions that help…

Bitcoin.com NewsBitcoin Halving: Goldman Sachs Downplays Impact of ‘Buy the Rumor, Sell the News’ Goldman Sachs Analysts Say Upcoming Bitcoin Halving Proves to Be a ‘Buy the Rumor’ Event , sell the news” might have less impact. on….April 18, 2024

VISA announced strategic investments in four startups that graduated from the first batch of its VISA Africa Fintech Accelerator Program. The company did not reveal the amount of each investment, but said it aligns with its current strategy to drive digital innovation in Africa, aiming to accelerate the growth of fintech across the continent and to improve financial inclusion and access. Below we take a look at the 4 startups: Oze – based in Ghana. The company provides digital recordkeeping tools and integrated financial products to SMEs, helping them manage their transactions, access affordable capital and grow their businesses. Additionally,…

By Gloria Mathias Today digital technology Focus on European financial technologies Financial Technology FinTech continues to play a central role in transforming and reshaping the traditional contours of the financial sector. As technology becomes more intertwined with financial services, FinTech innovations are not just incremental but rather revolutionary, paving the way for improved efficiency, accessibility and innovative business models. This week’s FinTech Focus presents a selection of the most significant developments that highlight the dynamic nature of this sector. Let’s look up six announcements made by FinTech bigwigs this week: Infosys Finacle launches Data and AI Suite to enable banks…

Laurent Jengar November 7, 2024 3:19 p.m. Injective (INJ) and Fetch.ai are partnering with the Artificial Superintelligence Alliance to enhance AI-driven finance on the Injective platform, marking a significant milestone in blockchain interoperability. In a notable development in the blockchain sector, Injective (INJ) has enabled Inter-Blockchain Communication Channels (IBC) with the Artificial Superintelligence Alliance (ASI), a collaboration that promises to improve finance AI-based through blockchain interoperability. This partnership merges Injective’s decentralized finance (DeFi) capabilities with ASI’s advanced AI technologies, according to The official Injective blog. The Artificial Superintelligence Alliance Formed by Fetch.ai, SingularityNet…

The Belgian-Swiss financial forecasting startup Predikr has raised €750,000 in funding. Founded earlier this year, Predikt is an AI-powered platform that helps CFOs and finance teams at large companies and multinationals improve their financial forecasting. Originating from KU Leuven R&D, the platform leverages advanced predictive models, integrating internal financial processes with more than 10 million external macroeconomic indicators such as global commodity prices, consumer behavior and inflation. This allows businesses to make accurate forecasts for KPIs such as revenue, costs and profits, anticipate market developments more quickly and make better strategic decisions. According to Nick Vandesype, CEO of Predikt, corporate…

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With increasing income, Light speed trading says it concentrates on its software offerings. The point-of-sale and digital commerce company profit announced Thursday, showing total revenue of $277 million, a 20% year-over-year increase. Of this amount, $183.3 million came from transaction-based revenue. — up 33% — while subscription revenue climbed 6% to $85.5 million. On a track 12 months Based on this, Lightspeed has now surpassed $1 billion in revenue. Now CEO Dax Dasilva said during an earnings call, the company is focused on three key objectives designed to help Lightspeed achieve profitable growth, including accelerating its software revenue growth. He…

Nvidia Corp.NVDA, Financial), a chipmaker and leader in computer processors and graphics, is expected to report third-quarter results on November 20, marking one of the last major technology earnings announcements of the year. The stock, which is up more than 200% over the past year, remains a Wall Street favorite, largely due to its central role in addressing the need for AI and data processing. Notably, highly regarded industry analyst Toshiya Hari of Goldman Sachs remains bullish on Nvidia, with the stock currently trading at a lower price-to-earnings ratio than its historical average, putting the company well-positioned for continue its…