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EGR North AmericaXDA Launches New Venture Fund for Gaming and Fintech StartupsXDA has launched a new investment vehicle designed to help gaming and fintech startups..48 minutes ago

Latest News LIVE: ‘If you don’t do it, we will’ – SC on permanent appointment of women in Indian Coast Guard In a hearing on Monday, the Supreme Court asked the government to examine the possibility of permanently posting women in the Indian Coast Guard. According to the Bar and Bench, Chief Justice DY Chandrachud said women cannot be left out. In 2024, the norms do not “hold water”. “If you don’t do it, we will do it. So, look at this,” the Chief Justice said. The remark was made while hearing the case of a woman officer of the…

Businesses can derive great value from leveraging AI across a variety of use cases in finance and risk. A discussion with Varrlyn experts Stephan van der Windt and Brian Mudhara on the value that can be extracted and what is needed to get there. Artificial intelligence (AI) is rapidly transforming the financial services and risk management landscape, delivering innovative solutions that drive efficiency, improve decision-making and uncover new business opportunities. “AI has the potential to save a lot of manual effort by digitizing processes that previously required human knowledge,” said Stephan van der Windt, director of Varrlyn“In marketing and sales,…

Free NewsletterGet the latest Fintech Philippines news delivered to your inbox once a monthDigital banking has been growing rapidly in Asia, with countries such as South Korea, China and Japan enjoying reasonable success. In Southeast Asia’s digital banking sector, the Philippines has joined Singapore as an early adopter of digital banking products and services amid a surge in demand for digital transactions in recent years, serving the country’s largely unbanked population.A 2019 report by the Bangko Sentral ng Pilipinas (BSP) noted that 70 percent of Filipinos did not have a bank account. Additionally, a decline in the use of checks…

We recently compiled a list of The 10 Worst Artificial Intelligence (AI) Stocks to Buy According to Financial Media. In this article, we’ll look at how Arm Holdings (NASDAQ:ARM) stacks up against other AI stocks.Is a 0.5% rate cut aggressive?Analysts have long been predicting interest rate cuts, and the Fed just cut rates by 0.5% on September 18. This is the first rate cut since the pandemic, driven by concerns about the labor market, and followed by market volatility. The new benchmark rate is between 4.75% and 5.0%, with more cuts expected. Fed Chair Jerome Powell has said the cuts…

Market speculation about changes to capital gains taxes on stocks, coupled with ongoing election jitters, sent India’s benchmark stock indices to their lowest level in three weeks before Finance Minister Nirmala Sitharaman dismissed what she called “pure speculation”.The Nifty50 opened higher on Friday, hitting an intraday record of 22,794.7 points, before ending the day in the red. India’s VIX index, the fear gauge, ended 9% higher on Friday, reflecting increased market volatility.Markets have started to get nervous as investors are pulling out some of their money ahead of and during the ongoing national elections. Over the past month, the Nifty50…

Unlock Editor’s Digest for freeFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.Years of regulatory action against German fintech N26 over its weak anti-money laundering controls may have cost the company billions of euros, co-founder Valentin Stalf told the Financial Times, as authorities finally remove a cap on its growth.In 2021, financial regulator BaFin ordered the online bank to cap the number of new customers it takes on at 50,000 per month, down from a monthly average of 170,000 at the time. The cap was raised to 60,000 last year and will be lifted starting in June,…

Lesaka TechnologiesLesaka, the NASDAQ-listed fintech company with a market capitalization of R4.5 billion ($242 million), is acquiring payments platform Adumo for R1.59 billion ($85 million) in cash and stock. The deal is expected to close in the third quarter of 2024 and will expand Lesaka’s payments footprint in the Southern Africa region to five countries. Founded in 2019, Cape Town-based Adumo provides card-acquiring point-of-sale terminals, integrated payment and reconciliation services to merchants and consumers. The company claims to process more than R24 billion ($1.3 billion) annually and has 23,000 merchants and 240,000 consumers using its services, respectively. Lesaka currently owns…

Photo: SDI Productions/Getty Images According to a study by Bain & Company and KLAS Research, three-quarters of U.S. healthcare providers and payers increased their IT spending last year, with artificial intelligence (AI), cybersecurity and IT infrastructure among the top areas of investment. AI adoption is gaining momentum, with 15% of providers and 25% of payers reporting an AI strategy by 2024. Providers and payers invest in different areas. But all organizations must balance financial pressure with the promise of return on investment (ROI), said Aaron Feinberg, author of the report and a partner in Bain’s Healthcare, Life Sciences & Technology…

(Bloomberg) — The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest $1.6 billion to restart it, agreeing to sell all output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to fuel the artificial intelligence boom.Bloomberg’s most read articlesConstellation Energy Corp., the largest U.S. nuclear reactor operator, plans to have Three Mile Island back online by 2028, according to a statement Friday. While one of the site’s two units permanently shut down nearly half a century ago after the worst U.S. nuclear accident, Constellation plans to reopen the other reactor, which…