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RIYADH, RIYADH, SAUDI ARABIA, September 23, 2024 /EINPresswire.com/ — The inaugural edition of 24 Fintech in Saudi Arabia officially cemented its place as the world’s largest fintech summit and exhibition, with resounding success and global impact, and further strengthened the Kingdom’s status as a global fintech hub. Held at the Riyadh Front Exhibition and Conference Centre from 3-5 September 2024, the event attracted 36,960 attendees and was marked by groundbreaking collaborations, policy unveilings and multi-million dollar deals that underscore Saudi Arabia’s leadership in fintech.The event was organized by the Saudi Arabian Financial Sector Development Program (FSDP), the Saudi Central Bank…

A Gurugram-based fintech unicorn Mobikwik has received final approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offer (IPO) worth Rs 700 crore. The IPO will consist entirely of a fresh issue of shares of face value of Rs 2 each, and there will be no offer for sale. The company could also consider raising an additional Rs 140 crore through a pre-IPO placement, which could involve methods like private placement, preferential allotment or rights issues. Allocation of IPO funds Mobikwik has laid out clear plans for the utilisation of the funds raised through…

Thitima Uthaiburom / Getty ImagesYou may have heard of Jackson Greathouse Fall, who asked OpenAI’s ChatGPT for instructions on how to turn $100 into “as much money as possible.” He followed the chatbot’s instructions and within days created an affiliate marketing website worth over $1,378. Another ChatGPT user claimed to have made $6,147 in a week.Check: 4 Ways for the Middle Class to Earn an Extra $500 a Week from HomeLearn more: 9 Easy Ways to Grow Your Wealth in 2024The message is clear: you can earn a lot of money quickly using ChatGPT and other AI platforms. But how?…

The Nordic financial sector is experiencing unprecedented bank consolidation and fintech partnership building activity. The increase in collaboration agreements between traditional banks and fintech players is helping financial firms develop deeper competencies in next-generation digital and AI offerings in key areas such as risk management, data analytics, robo-advisors, portfolio management, and fraud detection and prevention. The increased level of regional consolidation, particularly among Danish and Norwegian savings banks, has led to more than 50 mergers and acquisitions (M&A) in the first half of 2024. This trend is expected to accelerate in the second half of the year. In addition, the…

When KCB Bank Group Chief Operating Officer Samuel Makome presented former President Uhuru Kenyatta with KCB Group’s various technological innovations at the official opening of Afro Asia Fintech Festival held at the Kenya School of Monetary Studies. (File, Standard) East Africa has long been considered a beacon of innovation in the global fintech landscape. The region’s rise has been fueled by the same major disruptions that are reshaping the financial services industry around the world, such as the use of alternative data, peer-to-peer transactions and the rise of non-traditional financial players. But what truly sets East Africa apart is its…

(Bloomberg) — Palantir Technologies Inc. (PLTR) has won a $100 million contract that will expand access to artificial intelligence targeting tools to more U.S. military personnel, giving them access to the company’s digital warfare platform.Bloomberg’s most read articlesThe platform, called the Maven Smart System, can create a picture of the same battlefield on thousands of digital screens simultaneously. It draws on data from U.S. intelligence agencies and uses computer vision algorithms and artificial intelligence software from other companies to make sense of a situation and find adversaries. The U.S. military used the system to identify targets for airstrikes in the…

Global Compliance NewsGlobal: The Next Decade in FinTechThe financial sector is illustrating the enormous benefits that come from embracing digital innovation and disruption, while staying ahead of the curve….April 17, 2024

First Bank announces partnership as fintech festival seeks to explore digital payments trends | TheCable error: The content is copy protected.

Saudi Arabia Solidifies Its Status as Fintech Hub with Record 24 Fintech Events – Technology Today – EIN Presswire Reliable information since 1995 A service for professionals in the technology industry · Monday, September 23, 2024 · 745 753 827 Items · More than 3 million readers Tools for monitoring and distributing press releases Press Releases Events and conferences

We are pleased to welcome Adam Cohen And Marc Chorazak Cohen and Chorazak will advise U.S. and international banks, non-bank financial institutions and fintech companies on banking regulatory matters, legislative developments, corporate governance, enforcement and compliance matters and banking services arrangements. In addition, they will advise clients on mergers and acquisitions, strategic investments (non-control and control), equity and debt offerings and other transactions. “We are delighted to have Adam and Mark join us,” said Jeremy London, Managing Partner at Skadden. “They share a forward-thinking vision for our Financial Institutions Regulatory practice that reflects their significant experience and deep knowledge of…