Author: nripn

By Gloria Mathias July 26, 2024 Credible Diamond Trust Bank Ebanx 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 at the top six announcements made by FinTech bigwigs this week: CredAble is proud to announce its partnership with Finastra to…

California Governor Gavin Newsom has vetoed a first-of-its-kind state bill that could potentially enact the nation’s most impactful artificial intelligence regulations.The measure, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, would require security measures from companies that spend more than $100 million to train AI models. It aims to prevent potential harm caused by AI, such as mass casualty events, and includes implementing a “kill switch” to completely shut down a malicious model.California is home to some of the biggest players in AI, including: OpenAI, Anthropic, Google (GOOG), and meta (META). However, in his veto…

MoneycontrolShort call | Can the second quarter results justify the record market recovery? PB Fintech and Amara Raja FeaturedLast week, India’s frontline indices hit record highs every day, fueled by the US Fed’s outsized rate cut, which redirected foreign investors….2 years ago hours

Yahoo FinanceComment: AI enters a whole new dimensionWhat was hot in AI last week is already outdated… 14 hours ago

July 19, 2024 Written by FinTech Alliance in Financial Technology Coast, a fintech startup known for its innovative fleet and expense management solutions, secured $40 million in its latest funding round. This new influx of capital comes just four months after the company raised $25 million, underscoring investor confidence in Coast’s growth and business model. The funding round was led by Accel, with participation from existing investors Insight Partners and Greycroft. Coast plans to use the funds to improve its platform, expand its team and accelerate its market presence, with the aim of revolutionizing the fleet management industry with more…

Visa Takes on Financial Crime: Acquires Specialized AI Fraud Feature Space, Bolstering Payment SecurityVisa Inc. (NYSE:V) shares are trading higher on Thursday. The company signed an agreement to acquire Feature space for an undisclosed amount.Featurespace is a developer of real-time AI payment protection technology that addresses fraud and financial crime risks.This acquisition is expected to strengthen Visa’s portfolio of fraud detection and risk assessment solutions, helping customers around the world grow and protect their businesses.The partnership between Visa and Featurespace is expected to enable customers to manage fraud in real-time and strengthen the payments ecosystem with AI-powered solutions.Read also: Visa…

Between September 23 and September 28, 2024, until 19 startups from various sectors have raised more than $366 million in funding from investors. These sectors include Fintech, AI, Lifestyle, Fashion, Healthcare, Food, Proptech, Personal Care and Biotechnology. Last week, Indian startups have raised over $470 million in funding, PhysicsWallah led by Alakh Pandey having raised $210 million alone. Great Value Offers A wide range of sectors attracted investment during the week, with the SaaS sector leading the pack. Leading this sector was Whatfix, which raised $125 million in a Series E funding round. AI healthcare startup Qure.ai has raised $65…

(Bloomberg) — BlackRock Inc. sees huge growth opportunities in Asia for infrastructure to support an artificial intelligence boom that is also driving demand for energy and water.Most read on Bloomberg“The need for data centers over the next five years will be double what currently exists in the markets,” Brad Kim, head of diversified infrastructure for Asia Pacific at BlackRock, said in a briefing on Wednesday. press. “Water infrastructure will need to almost double over the next five years,” he said, referring to cooling mechanisms, “and overall energy consumption will increase by about 50% over the next 10 years in the…

(Bloomberg) — Micron Technology Inc. will likely become the latest chipmaker to assure investors that demand for AI-related equipment is still strong. Like many of its peers, it can also admit that other core demand areas, such as PCs and smartphones, remain in the doldrums.Most read on BloombergThe company is expected to report after the market close, and analysts expect strong growth from its high-bandwidth memory chips, used in processing artificial intelligence data. Positive comments on AI demand could revive AI chip trading, which has stagnated after mixed reports from Broadcom Inc. and Nvidia Corp.Their forecasts disappointed discerning investors, much…

(Reuters) – Britain’s competition regulator said on Friday that Amazon’s artificial intelligence partnership with startup Anthropic would not be further investigated because it did not fall within its remit.The Competition and Markets Authority said the partnership, which includes a $4 billion investment by Amazon in Anthropic, was not eligible for investigation under UK merger regulations.“We welcome the UK Competition and Markets Authority’s (CMA) decision recognizing its lack of jurisdiction over this collaboration,” an Amazon spokesperson said in response to the regulator’s decision.The regulator also authorized a similar collaboration between Microsoft and Inflection AI.However, the partnership between Alphabet and Anthropic is…