Author: nripn

News: representative Maxine Waters (Calif.), the top Democrat on the House Financial Services Committee, will today release a bill to improve transparency of artificial intelligence products used in financial services. The invoice, that you can read here, would direct several federal regulators to study the use and origins of AI products used by financial companies. These agencies include the Federal Reserve, the Federal Deposit Insurance Corp., the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission. The interinstitutional study required by Waters’ bill would direct regulators to establish recommendations for new…

Japanese fintech startup Habit has raised $11.7 million in a Series A funding round, aimed at supporting the expansion of its digital banking platform. Following this announcement, the capital raised is expected to support Habitto in the process of expanding and developing its digital banking platform, while also designing new financial products targeting younger customers across the Japan region. The capital was led by QED Investors and DG Daiwa Ventures, with also contribution from Anthemis Group and Scrum Ventures. At the same time, existing bankers also included Saison Capital, GMO VenturePartners, Cherubic Ventures and Epic Angels. More on Habitto’s $11.7…

report by Freepik

Dell Technologies (DELL) stock fell as much as 12% Wednesday morning after the company took a cautious approach in its forecasts for investors, while warning that AI’s growth “will not be linear.” “AI is a solid opportunity…and interest in our portfolio is at an all-time high with no signs of slowing down,” Dell Chief Operating Officer Jeffrey Clarke said on a call with investors Tuesday evening. “That said, this business will not be linear, especially as customers follow an underlying silicon roadmap that evolves.” Dell’s AI server revenue fell 9% in the third quarter from the prior period. Along with…

November 27, 2024 Written by FinTech Alliance in Financial Technology FinTech Wales held an event earlier today (November 26) to support individuals and families affected by recent job losses at Tata Steel.Working alongside a recruitment company Acorn by Synergy, FinTech Wales invited employers to talk about the various roles and opportunities available in fintech and financial services at the Community Support Center at Aberafan Shopping Centre, Port Talbot. Support for training and employment has been focused on creating new jobs and an economic future for the region.Companies who provided valuable insight into career paths in the fintech sector on the…

Markets and Markets Research Pvt. Ltd. Delray Beach, Florida, November 21, 2024 (GLOBE NEWSWIRE) — The world AI in the financial market size is expected to grow at a CAGR of 30.6% during the forecast period from USD 38.36 billion in 2024 to USD 190.33 billion by 2030, according to a new report by MarketsandMarkets™. Advanced AI-based algorithms improve risk identification and mitigation, thereby promoting safer financial practices within the financial market, which is a major factor driving the growth of the global AI market in the financial market. Additionally, AI systems improve financial decision-making by analyzing data for better…

HAI PHONG, Vietnam, November 27, 2024 /PRNewswire/ — Vietnam Fintech Summit 2024 (VFS) took place on November 26, 2024 at the Pullman Hotel, Haiphong. This is an activity within the National Creative Startup Day 2024 event series organized by the Ministry of Science and Technology in coordination with the People’s Committee of Haiphong City with the common goal of promoting connectivity, uniting to develop the Vietnamese creative startup ecosystem (Accelerating Ensemble Vietnam Namestartup ecosystem), increasing the attraction of domestic and foreign resources to develop the type of business operating on the basis of exploitation of intellectual property, technology and new…

Understanding the Gig EconomyThe gig economy has transformed the way people work, providing flexibility and additional income to millions. By 2024, nearly 80 million Americans identified as gig workers, a number expected to exceed 86 million by 2027, representing more than half of the U.S. workforce. While the gig economy provides independence and autonomy, it also brings financial challenges that traditional institutions struggle to address. The financial obstacles facing gig workers Irregular income and instabilityGig workers often face fluctuating income, making budgeting and financial planning difficult. This inconsistency limits their access to traditional loans or credit, forcing many to live…

The biggest fintech event of 2024 so far is, without a doubt, the approval of 11 spot BTC ETFs on January 10. This marks a milestone in the history of digital assets, following years of turbulent battles between the SEC, asset managers and the industry. advocates and investors.However, this historic event did not cause BTC prices to rise, but rather caused them to fall. From the highest price of nearly $50,000 during the rumor period leading up to January 10, the BTC spot price has fallen to around $40,000 as of today.This is not the first time that seemingly positive…

(Bloomberg) — Uber Technologies Inc.’s workforce in the gig economy now includes programmers. The company is expanding beyond its ride-hailing roots to enter a hot new market: helping other companies outsource some of their artificial intelligence development to independent contractors. Most read on Bloomberg Its new AI training and data labeling division, called Scaled Solutions, leverages an in-house team that tackles large-scale annotation tasks for rideshare, food delivery and freight units from Uber. According to its website, Scaled Solutions has begun serving other businesses that also need high-quality data sets. Clients include Aurora Innovation Inc., an Uber-backed company that creates…