Author: nripn

Bangalore: The International Institute of Information Technology Bengaluru Innovation Centre (IIIT-B IC) and the Reserve Bank Innovation Hub (RBIH) are pleased to announce the signing of a Memorandum of Understanding (MoU) to foster innovation and growth in the Fintech sector. This collaboration aims to create a unified and robust ecosystem that accelerates the growth of financial technology through innovation, research and support for startups. The MoU signing took place at the RBIH office in Bengaluru, where leaders of both organisations, Dr. Lakshmi Jagannathan, CEO, IIIT-B IC and Mr. Aakarsh Naidu, Head, Fintech and Startups, RBIH, came together to mark this…

CoinpediaShould You Buy Ethereum Now? Assessing the Impact of ETH Spot ETFsEthereum Spot ETFs could soon get SEC approval, causing prices to rise or fall. Investors are excited but cautious about the possible outcomes..May 22, 2024

News Nigerian fintech Risevest recently acquired Kenyan investment startup Hisa, enabling it to tap into the digital investment market in Kenya Risevest-et-Hisa Risevest, a Nigerian fintech startup specializing in investment solutions, recently acquired Kenyan investment startup Hisa. The acquisition, which has been approved by the Capital Markets Authority of Kenya (CMA), will allow Risevest to legally operate in Kenya. The acquisition also marks the fintech’s second acquisition in the past year. acquired Chaka in an undisclosed deal in September 2023.Following this acquisition, Hisa will continue to operate under its current brand, retaining its existing personnel and business practices.“We like the…

India, through its embassy in the Philippines, on Tuesday launched the first India-Philippines Technology Summit (IPTS) to help strengthen the technology and digital partnership with Manila.In his speech at the IPTS in Taguig City, Indian Ambassador to Manila Shambhu Kumaran spoke of the need for developing countries to develop partnerships among themselves, especially in the areas of security, people-to-people relations and economy.”With the arrival of AI “With artificial intelligence, there will be further changes. There needs to be a partnership. And the summit marks the beginning of that partnership,” Kumaran said.The event, he said, would bring Indian entrepreneurs and their…

AI is impacting many areas of finance, including AI-powered chatbots.Getty Images The financial industry is well known for being data-driven and embracing new technologies to drive efficiency, reduce costs, detect fraudulent activity, and keep operations running smoothly. It’s no surprise, then, that the industry is embracing AI as a tool for innovation and efficiency. Financial firms are using AI in a variety of ways to improve operations, optimize customer experience, mitigate risk, and detect fraud. As AI continues to evolve and adoption grows, new levels of efficiency, personalization, and monitoring emerge. Improving operations with AI Operational efficiency is essential in…

U.S. regulators are set to crack down on banks over the communities they serve through online lending. The measure is part of a broader effort to update fair lending standards established by the Community Reinvestment Act of 1977 (CRA). The updated regulations aim to prevent redlining, a discriminatory act in which certain areas, primarily populated by minorities, are denied loans or offered limited lending options by banks.CRA regulations are critical in assessing banks’ overall performance. A below-average score can cause a lender to fail, preventing it from participating in mergers and other major transactions.The modernized rules expanded the geographic areas…

Disclaimer We strive to uphold the highest ethical standards in all our reporting and coverage. StartupNews.fr We wish to be transparent with our readers about any potential conflicts of interest that may arise in our work. Some of the investors we feature may have ties to other companies, including competitors or companies we write about. However, we want to assure our readers that this will not impact the integrity or impartiality of our reporting. We are committed to providing accurate and unbiased information to our audience and will continue to uphold our ethics and principles in all our work. Thank…

Bitcoin.com NewsA Look at How Bitcoin’s Halving Could Trigger “Sell the News” or “Sell the Rumor” Reactions – Featured Bitcoin NewsWith less than 300 blocks remaining until Bitcoin’s fourth halving, speculation is running high, with many expecting a “sell the news” scenario after an 11% surge….April 18, 2024

New Delhi: Financial Services Secretary Vivek Joshi on Wednesday urged the financial technology community to work in close coordination with banks so that it is scalable and compliant with regulations Solutions can be designed. Addressing the FICCI-IBA PICUP Fintech Conference, Joshi said that the fintech sector is growing very fast and India has the highest fintech adoption rate compared to the global average. Noting that fintech has transformed the architecture of the financial sector by providing innovative solutions “I would urge fintechs to work hand in hand with banks, rather than creating a solution themselves and then going to the…

Bolt, one of the largest payments companies in the United States, announced that it has resolved a long-running dispute by buying out the shares of its investor Activant Capital. Activant had filed a lawsuit against Bolt founder and CEO Ryan Breslow, accusing him of adding $30 million to the company’s balance sheet through a personal loan and firing board members who demanded repayment. Bolt said the lawsuit was settled after it acquired Activant Capital’s stake in the company. According to the official statement, Activant will no longer hold any stake in Bolt going forward. While this settlement ends one of…