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Appalla Saikiran, Founder and CEO, SCOPE SCOPE, the invitation-only networking platform for startups, on Thursday announced that it has secured $50 million (Rs 418 crore) in funding venture capital fund under its investment banking arm, SCOPE VC, to invest in startups in the fintech and gaming sectors, with a focus on India and the United States. SCOPE The new venture capital fund will invest in early-stage startups with checks ranging from $500,000 to $2 million per company. “Fintech in India and gaming in the United States are showing tremendous growth, and we believe there is a significant opportunity to invest…

In this episode of The Consumer Finance Podcast, Chris Willis looks at the Consumer Financial Protection Bureau’s (CFPB) recent response to the Treasury Department’s request for information on the use of artificial intelligence (AI) in services financial. Chris highlights key points from the CFPB’s communication, including its views on fraud patterns, fair lending testing standards, and implications for financial institutions. He also discusses the CFPB’s candid remarks about its own Office of Innovation and the future of Learn more +In this episode of The Consumer Finance Podcast, Chris Willis looks at the Consumer Financial Protection Bureau’s (CFPB) recent response to…

711 By Roy AstonOperational Director, Paysafe AEvery year around this time, the fintech (financial technology) world polishes its crystal ball, looks down, and attempts to describe the next big revolution that will define the next 12 months. The temptation is to go far in one direction or the other: play it safe or go wild and venture into the extraordinary. Banks on Mars by August! While we can promise there won’t be any Martian ATMs in this article, here are what we think will be the biggest trends in banking and financial technology over the next year and beyond. beyond.…

SCOPE, the exclusive invitation-only networking platform for startups, has announced a USD 50 million venture capital fund under its investment banking arm, SCOPE VC. The fund is specifically designed to invest in high-potential startups in the fintech and gaming sectors, with a focus on India and the US.SCOPE VC’s new fund will offer investments ranging from $500,000 to $2 million per startup, targeting early-stage companies that demonstrate innovation and disruptive potential. “Fintech in India and gaming in the US are experiencing phenomenal growth, and we believe there is a significant opportunity to invest in startups that will define the future…

TAIPEI (Reuters) – Taiwan’s export orders beat expectations in August as demand for chips used in artificial intelligence (AI) applications continued to climb, with the government predicting the strong momentum would extend to the rest of the year.Export orders rose 9.1 percent to $50.22 billion last month from a year earlier, the Ministry of Economic Affairs said on Tuesday, beating the 8.35 percent forecast in a Reuters poll and surpassing the 4.8 percent growth recorded in July.Orders for goods from Taiwan, home to tech giants such as chipmaker TSMC, are an indicator of global technology demand.The growth in orders was…

This acquisition is expected to improve user engagement on the platform and open up new revenue streams3 minutes reading Last updated: August 02, 2024 | 11:12 p.m. IST Payment solutions provider Infibeam Avenues on Friday said it will acquire a 54 per cent stake in news website Rediff.com India as part of its plan to expand its consumer business. The Gandhinagar-based fintech giant, which operates payment gateway CCAvenue, will acquire the stake for Rs 50 crore, which will be split equally between equity and debt. Rediff has about 55 million monthly visitors to its website and over 5,000 businesses use…

The shift towards digital transformation and growing consumer demand for transparent, technology-driven financial services are important growth drivers of the Fintech marketWilmington, Delaware, July 25, 2024 (GLOBE NEWSWIRE) — Fintech, short for financial technology, encompasses a wide range of innovative solutions that leverage technology to improve and automate financial services. It includes digital banking, mobile payments, peer-to-peer lending, blockchain technology, robo-investment advisors, and more. Fintech aims to improve the efficiency, accessibility, and affordability of financial services, by disrupting traditional banking and financial sectors with technology-driven solutions.THE fintech market has experienced remarkable growth in recent years, driven by technological advancements and…

Intel (INTC) unveiled a pair of artificial intelligence chips on Tuesday as it seeks to improve its data center business and steal market share from rivals AMD (AMD) and Nvidia (NVDAThe new chips, the Xeon 6 processor and Gaudi 3 AI accelerator, promise improved performance and power efficiency and come at a time when Intel is trying to prove it has what it takes to be a major player in the AI ​​space.The announcement follows a Wall Street Journal report that Qualcomm (QCOM) studying possible acquisition of Intel to strengthen its own chip business. Bloomberg, meanwhile, reported that Apollo Global…

Speed ​​of lightwhich provides point-of-sale (POS) systems to restaurants, is reportedly considering going private. The company went public five years ago, but Dax DasilvaLightspeed’s interim CEO and founder wonders if going private would be a better option, Bloomberg reported Monday (March 25), citing a interview published on the Montreal French-language news site La Presse. After trading at 16 Canadian dollars (about $12) per share, Lightspeed’s stock climbed to 155 Canadian dollars (about $114) per share in 2021, but fell later in the year, according to the report. It currently sits at about 13 Canadian dollars (about $9.60) per share, with…

Healthcare Financing NewsAI Should Be Considered as a Comprehensive Clinical StrategyThe question is not whether AI can predict disease, but what doctors should ethically tell patients, such as their chances of… 19 hours ago