Author: nripn

(Bloomberg) — The head of ION Corporates, one of the main units of ION Group, has left the company, the latest in a series of high-profile leadership changes at the helm of the financial data provider.Rich Grossi was replaced as general manager of the Enterprise division by Sunil Biswas, who was previously product director for raw materials, according to a person familiar with the matter, who asked not to be identified because he is not authorized to do so. speak publicly.Grossi did not respond to messages left on his LinkedIn account.His departure is the latest management shake-up at the group…

Pan-African fintech startup Yellow Card has raised US$33 million in Series C funding to drive its global expansion and strategic initiatives, bringing its total equity funding to US$85 million. Since its launch in Nigeria in 2019, Yellow card has become the largest and first licensed Stablecoin on/off ramp on the African continent. It has operations in 20 African countries and over $3 billion in transactions facilitated across the continent. In September 2022, it announced the closure of its US$40 million Series B roundand has now followed up with a US$33 million Series C round, led by Blockchain Capital, with participation…

CapWay, a Y Combinator-backed fintech that sought to bring financial services to people living in so-called banking deserts, has been shut down, according to its founder Sheena Allen. Allen wrote about this on LinkedIn and confirmed to TechCrunch. “I am proud of the work we were able to accomplish, but honestly disappointed that we were not able to complete the mission,” she wrote. “I believe there is still much work to be done in the area of ​​financial inclusion, so this won’t be the last time you hear from me when it comes to the fight for economic equality. Allen…

(Reuters) – Nvidia shares hit a record high amid a rally in U.S. chip stocks on Thursday after strong sales forecasts from industry barometer TSMC bolstered expectations Investor optimism about demand for processors used to power artificial intelligence applications.Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectations for annual revenue growth and said AI chip sales would make up an average percentage of its revenue. business for the entire year.US-listed TSMC shares rose more than 11%, pushing the company’s market capitalization above $1 trillion.The forecast from the leading producer of advanced AI chips boosted investor confidence in…

We recently published a list of 8 High-Growth, High-Margin Stocks to Invest in Now. In this article we will look at where StoneCo Ltd. (NASDAQ:STNE) ranks relative to other high-growth market stocks to invest in.How Market Trends Shape OpportunitiesWhen investor confidence is high, capital tends to flow into growth sectors, driving up stock prices and valuations. This is particularly relevant for companies with strong growth prospects and high margins, as they are often seen as more resilient in a recovering economy. Current market dynamics indicate that much of the upward movement can be attributed to multiple expansions rather than earnings…

Payment technology company Stripe Inc. is reportedly in talks to acquire fintech startup Bridge Ventures Inc. for $1 billion. According to ForbesThe acquisition negotiations, which are still under discussion and subject to either party withdrawing, would constitute the largest deal made by Stripe to date. Some of the sources cited by Forbes also note that regulatory considerations such as licensing and compensation for employees, including Bridge founders Zach Abrams and Sean Yu, remained potential obstacles. Neither Stripe nor Bridge have commented on the announced acquisition discussions. Founded in 2022, Bridge is building a global payments network that uses stablecoins to…

The UK’s financial watchdog is launching an AI Lab to bring together technology companies, academics and regulators to better understand the present and future impact of technology on financial services. Announced in a speech by Jessica Rusu, Head of Data, Information and Intelligence at the Financial Conduct Authority (FCA), the AI ​​Lab will support the implementation of AI in finance and outline how it can be regulated. The lab will consist of four elements: AI Spotlight, where developers and businesses share how they use AI; AI Sprint, which will examine how to enable the safe adoption of AI in finance;…

In a joint statement, the Federal Deposit Insurance Corp., the Federal Reserve and the Office of the Comptroller of the Currency warned that end users could “reasonably” confuse certain “nonbank third parties” with FDIC-insured banks.Bloomberg WASHINGTON — Federal banking regulators on Thursday issued a joint warning — as well as a request for information about — the potential risks of bank-fintech partnerships.The joint statement — issued by the Federal Deposit Insurance Corp., the Federal Reserve and the Office of the Comptroller of the Currency — warned banks about the risks associated with relying on third parties, particularly for deposit-related services.“A…

Credit: Pixabay/CC0 Public domain When it comes to investing and planning your financial future, are you more willing to trust a person or a computer? This is no longer a hypothetical question. Major banks and investment firms are using artificial intelligence (AI) to make financial forecasts and advise their clients. Morgan Stanley uses AI to mitigate the potential biases of its financial analysts when it comes to stock market forecasts. And one of the world’s largest investment banks, Goldman Sachs, recently announced that it was testing the use of AI to help write computer codealthough the bank declined to specify…

Global FinTech Cybersecurity Market Report, 2024-2031Report Overview:Insight Report 2024 “Cybersecurity in Fintech Market” provides a comprehensive analysis of the Cybersecurity in Fintech market, covering various aspects such as types, applications, end users, regions, drivers and forecast till 2031. It is expected to reach several million dollars. By 2031, the trajectory of this industry reveals an exponential compound annual growth rate (CAGR) over the forecast period, signaling promising opportunities for stakeholders across the globe. This in-depth report, spanning 222 pages, provides an in-depth analysis of the fintech cybersecurity market, including a comprehensive table of contents, pie charts and historical data, as…