Author: nripn

Tectum, recognized as the fastest Tier 1 blockchain, has been awarded the prestigious “Best Blockchain Innovation” award at the Leaders in Fintech Awards 2024. This recognition highlights the platform’s cutting-edge solutions and contributions to blockchain technology, particularly in the Middle East and North Africa (MENA) region. Tectum is a subsidiary of Crispmind, an intellectual property and technology innovation company. This award places Tectum among the most reputable fintech players, such as Paymob, Tamam and Hyperpay, all of which have been recognized by the same awarding body in previous years. This recognition highlights Tectum’s role in advancing blockchain services in an…

WASHINGTON (AP) — Senior Biden administration officials discussed the future of artificial intelligence Thursday in a meeting with a group of executives from OpenAI, Nvidia, Microsoft and other companies. The focus was on building U.S. data centers and the infrastructure needed to develop the technology.White House press secretary Karine Jean-Pierre told reporters at the daily press briefing that the meeting was aimed at increasing public-private collaboration, as well as the industry’s workforce and permitting needs. The industry’s computing power will likely depend on reliable access to electricity, which is why utilities Exelon and AES also attended the meeting to discuss…

EquiLend, a global financial technology company based in New York, said its operations were disrupted after some systems were knocked offline in a cyberattack on Monday. Following the incident, the technology, data and analytics company also detected unauthorized access to its network and is now working to restore all affected services. “On January 22, 2024, EquiLend identified a technical issue that took portions of our systems offline,” an EquiLend spokesperson told BleepingComputer today. “We immediately launched an investigation and identified a cybersecurity incident involving unauthorized access to our systems. We took immediate steps to secure our systems and are working…

The Shiba Inu (SHIB) community is buzzing with speculation about a potential Shiba Inu ETF running high. The rumor has sparked renewed interest as the burn rate of SHIB tokens skyrocketed by 4,000% in a single day.While SHIB’s remarkable burn rate has undoubtedly caught the attention of the crypto world, market analysts believe that RCO Finance (RCOF) The AI-based approach could lead to even faster growth in the live cryptocurrency market.Let’s explore the potential of RCO Finance to surpass SHIB’s remarkable burn rate. Shiba Inu (SHIB) Burn Rate Soars on ETF Rumors According to recent data from the Shibburn tracker,…

September 13, 2024 Written by FinTech Alliance in FinTech Polly, a mortgage technology company, recently secured $25 million in funding. This investment is designed to accelerate the company’s growth and advance its technology innovations in the mortgage industry. With this significant injection of capital, Polly plans to enhance its technology offering, streamline mortgage processes and expand its market presence. The funding will enable Polly to develop new features and enhance its platform, enabling it to better meet the needs of its customers and capture a larger share of the mortgage technology market. This investment underscores the growing interest in innovative…

As the digital payments landscape rapidly evolves, White Label Payment Gateways have become a powerful solution for businesses looking to provide personalized payment services without having to develop proprietary technology. These gateways allow businesses to customize existing infrastructure, providing flexibility, security and cost-effectiveness. With the rise of digital transactions and consumer demand for seamless payment experiences, white label solutions are becoming increasingly crucial for fintech companies, e-commerce platforms, and traditional financial institutions. Why White Label Payment Gateways Are Gaining Ground Fast and cost-effective market entry White label payment gateways allow businesses to quickly enter the payments market without incurring the…

Ben Zhou, CEO of cryptocurrency exchange Bybit, has now dispelled negative rumors about the platform’s liquidity issues or an alleged hack. The speculation that began on May 22 was fueled in part by fake proof-of-reserves data relayed by Arkham Intelligence. Similar to recent events involving FTX, Bybit has been under scrutiny due to fears of fund withdrawals and doubts over its stability. Sensing the growing unease, Zhou took to social media to directly address the concerns.I have heard rumors that Bybit is insolvent or hacked etc. Please note that we have updated our POR this month and you can view…

The Reserve Bank of India (RBI) on Thursday released its final guidelines for fintech companies to set up a self-regulatory organisation (SRO) to enforce regulatory norms and promote transparency in the sector. According to the guidelines, OARs must be development-oriented, be genuine representatives and be legitimate arbiters of disputes. An OAR for fintechs (OAR-FT), an industry”The entity headed by the outgoing president, Mr. Abdullah Abdullah, “should acquire the necessary legitimacy and credibility not only to set basic standards and codes of conduct, but also to monitor and enforce them effectively,” the central bank said.Stocks to watch: Religare Enterprises, Suzlon Energy,…

Kenyan investment app Hisa has been acquired by Risevest, a similar but more established company in Nigeria. “I am delighted to share this Hisa was acquired by Risevest,” announced Hisa co-founder Eric Asuma on Twitter. “Eke Urum (CEO of Risevest) and I share the same vision: to expand investment opportunities for Africans. A big thank you to our early investors – this milestone is as much yours as it is ours.” The deal would allow Risevest to operate in Kenya and is the Nigerian company’s second investment in less than a year. In September 2023, Risevest acquired another Nigerian company,…

It will take three to five years for Shanghai to become a leading global financial technology hub, according to a new action plan released by the city government on Friday.Financial technology, or fintech, refers to the innovation of products and services provided by the traditional financial sector through various technological means for greater efficiency and reduced operating costs.As a growing trend in the industry, fintech is based on a series of technological innovations such as big data, cloud computing and artificial intelligence, which can be applied to financial areas such as payment, financing and retail banking, as defined by the…