Author: nripn

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 technology group of about 200 people, said Kevin Brunner, the bank’s president of global mergers and acquisitions and global head of technology, media and investment banking. telecommunications.Fintech is a catch-all term for more than a dozen types of financial-oriented technology companies, including payments providers, exchanges, online brokers,…

(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 BloombergSubscribe to the Bloomberg Daybreak podcast on Apple, Spotify or wherever you listen.​​​​​​That approach would set a cap on export licenses for certain countries in the interest of national security, according to the sources, who described the private discussions on condition of anonymity. Officials are focusing on Persian Gulf countries that have a growing appetite for AI data centers and the means to finance them, the sources said.Deliberations are in…

By Adam SmithLONDON – When floods ravaged parts of Europe in September, the scale of the destruction surprised people. These intense rains should not have happened because they were predicted by sophisticated forecasting systems with artificial intelligence.But being warned does not mean being warned. Although the rains were accurately predicted, their effects in flooded areas were not – a fact that highlights the difficulties of managing increasingly frequent extreme weather conditions.AI has supercharged weather forecasting, using a range of statistical tools to analyze years of historical data and predict patterns, all at a lower cost than traditional numerical weather forecasts.AI…

Potential Binance Listing on CoinMarketCapNext: Buy the Rumor, Sell the News: Guest Post from Thecoinrepublic.com When it comes to crypto investing, few opportunities generate as much excitement as the potential of a Binance listing.

Total funding for FinTech startups in Southeast Asia (SEA) fell 28% to $322 million in the third quarter of 2024, compared to $447.5 million in the second quarter. Tracxn said Wednesday. The market intelligence platform said in a statement that SEA remains an important hub for FinTech investments, accounting for 14.5% of total sector funding in Asia. Notably, Singapore ranks third in the region in terms of investment in FinTech, thus establishing itself as a major player in this area. While the SEA FinTech ecosystem saw its peak funding in Q3 2021, a steady decline has persisted since, despite a…

The artificial intelligence (AI) market has already created monstrous growth values, but companies involved in this technological revolution still see growing opportunities. Here are two AI leaders that could be profitable investments over the next year and beyond.1. C3.aiC3.aiIt is (NYSE:IA) recent growth has been overshadowed by the exceptional performance of Palantir Technologiesbut investors shouldn’t overlook the C3. The company recently reported an accelerated revenue increase for the sixth consecutive quarter, which could pave the way for strong returns over the next year.C3.ai continues to expand its sales in North America and Europe. During the last fiscal quarter, 71 deals…

The latest compliance news: regulatory developments, sanctions, advice, authorizations, new product and service offerings. ABC Projektai, CJEU, LithuaniaThe Court of Justice of the European Union has ruled that ABC Projektai, a Lithuanian online payment company, can regain its banking license after it was revoked by the Bank of Lithuania.ABC Projektai, formerly called Bruc Bond UAB, had its banking license revoked in April 2020 for allegedly holding customer funds longer than necessary for online transactions.The Supreme Administrative Court of Lithuania (SACL) accepted the appeal. The decision recognizes ABC Projektai’s efforts to adhere to regulations and comply, said a statement from…

Google (GOOG, GOOGLE) is giving its Google Shopping page an AI upgrade. The shopping site will now include AI-powered summaries, powered by the company’s Gemini AI model, that offer advice on how to purchase the best option for the product you’re looking for. It will also get new personalized results and personalized offer pages.Google says AI summaries will appear in a new module at the top of the screen, just below the Sponsored Products list, and will provide information on the types of features to look for when purchasing products and Why.Google shares were largely flat on the day.If you’re…

(Bloomberg) — Bank of America Corp. has integrated its fintech investment banking team into its technology practice, reflecting the financial services industry’s shift toward software.Most read on BloombergThe lender will integrate about 50 bankers into its technology group of about 200 people, according to Kevin Brunner, the bank’s president of global mergers and acquisitions and global head of technology, media and telecommunications investment banking.Fintech is a catch-all term for more than a dozen types of financial-oriented technology companies, including payments providers, exchanges, online brokers, data sellers, portfolio management software companies and digital lending platforms. Although how banks cover these activities…

STRIPE, the payments company founded by billionaire brothers Patrick and John Collison, is in advanced talks to acquire venture capital-backed fintech platform Bridge. Stripe is in talks to acquire the San Antonio, Texas-based company, according to sources familiar with the discussions who asked not to be identified sharing private information. No final decision has been made, the sources said, and both sides could still walk away from the deal.A Stripe representative declined to comment. Bridge CEO Zach Abrams did not respond to several emails seeking comment.Bridge’s platform is designed to enable businesses to create, store, send and accept stablecoins such…