in
Market Rumors—nripn—September 13, 2024
The Shiba Inu (SHIB) community is buzzing with speculation about a potential Shiba Inu ETF running high. The rumor has sparked renewed interest as the burn rate of SHIB tokens skyrocketed by 4,000% in a single day. While SHIB’s remarkable burn rate has undoubtedly caught the attention of the crypto world, market analysts believe that
Technology Innovations—nripn—September 13, 2024
September 13, 2024 Written by FinTech Alliance in FinTech Polly, a mortgage technology company, recently secured $25 million in funding. This investment is designed to accelerate the company’s growth and advance its technology innovations in the mortgage industry. With this significant injection of capital, Polly plans to enhance its technology offering, streamline mortgage processes and
Market Rumors—nripn—September 13, 2024
Ben Zhou, CEO of cryptocurrency exchange Bybit, has now dispelled negative rumors about the platform’s liquidity issues or an alleged hack. The speculation that began on May 22 was fueled in part by fake proof-of-reserves data relayed by Arkham Intelligence. Similar to recent events involving FTX, Bybit has been under scrutiny due to fears of
Regulatory Updates—nripn—September 13, 2024
The Reserve Bank of India (RBI) on Thursday released its final guidelines for fintech companies to set up a self-regulatory organisation (SRO) to enforce regulatory norms and promote transparency in the sector. According to the guidelines, OARs must be development-oriented, be genuine representatives and be legitimate arbiters of disputes. An OAR for fintechs (OAR-FT), an
Startup News—nripn—September 13, 2024
Kenyan investment app Hisa has been acquired by Risevest, a similar but more established company in Nigeria. “I am delighted to share this Hisa was acquired by Risevest,” announced Hisa co-founder Eric Asuma on Twitter. "Eke Urum (CEO of Risevest) and I share the same vision: to expand investment opportunities for Africans. A big thank
Technology Innovations—nripn—September 13, 2024
It will take three to five years for Shanghai to become a leading global financial technology hub, according to a new action plan released by the city government on Friday. Financial technology, or fintech, refers to the innovation of products and services provided by the traditional financial sector through various technological means for greater efficiency
AI in Finance—nripn—September 13, 2024
Photo: Westend61/Getty Images Health system leaders plan to invest in artificial intelligence, automation and managed services to improve revenue cycle performance over the next year, according to a new analysis from Guidehouse. The results were published in his 2024 Revenue Cycle Management Reportwhich is based on a survey of 134 supplier executives – the majority
Startup News—nripn—September 13, 2024
Egyptian fintech startup Paymob has extended its Series B round to $72 million with $22 million in new funding, allowing it to continue its growth strategy at home and in the broader MENA region. Founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa Menessy, Paymob is an infrastructure technology enabler providing payment solutions
AI in Finance—nripn—September 13, 2024
Latest AI innovations help customers increase productivity, expand insights, improve decision-making and capitalize on growth opportunities LAS VEGAS, September 9, 2024 /PRNewswire/ - SuiteWorld - Oracle NetSuite today announced new AI-powered updates for NetSuite Enterprise Performance Management (EPM)The latest updates will help finance teams streamline reporting, expand insights, improve decision-making, and steer their business toward
Startup News—nripn—September 13, 2024
Unicorn Fintech slice is reportedly preparing to raise Rs 300 crore (around $36 million) through convertible bonds debt. According to a report by Entrackr, several key investors including Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust and MN Family Trust will co-lead the debt. The report said each of these trusts invested Rs
AI in Finance—nripn—September 13, 2024
By 2026, the vast majority (90%) of finance functions will deploy at least one AI-based technology solution, but less than 10% of functions will see headcount reductions, according to Gartner, Inc. As chief financial officers (CFOs) are already making changes to fully leverage AI in financeA sense of uncertainty, unrealistic expectations and employee disengagement often
Market Rumors—nripn—September 13, 2024
The cryptocurrency market has turned bullish, with Bitcoin Fear and Greed Index hits 65%. Over $1 million poured into XRP funds this week, representing a 250% increase as the SEC case inches closer to a potential settlement. Could a verdict be on the horizon? Since the beginning of the SEC case, rumors of a “settlement”
