Author: nripn

Advertisement &nbsp &nbsp Stuart Alderoty, Ripple Labs’ chief legal officer, has strongly criticized the U.S. Securities and Exchange Commission’s (SEC) ongoing legal actions against the cryptocurrency industry. Alderothy’s remarks follow reflections marking one year since Judge Analisa Torres’ pivotal decision in the case SEC vs. Ripple Lawsuitwhich determined that Ripple’s XRP token is not a security. “Some thoughts as we approach the one-year anniversary of Judge Torres’ decision in SEC v. Ripple… it was a watershed moment to see that in law, a token—in this case, XRP—in and of itself, is not a security.”Alderoty tweeted SATURDAY. He further stressed that…

After starting 2023 with a bang – hats off to Stripe’s $6.6 billion fundraising round – fintech has since experienced a significant slowdown, with funding and deals falling to levels not seen since 2017. Despite this, new fintech jobs are being announced every week, particularly in London. CB information State of Fintech Report Q2 reveals that global fintech funding has fallen by nearly half to $7.8 billion, mega-round funding has hit a six-year low, and payments funding has fallen by 75% each quarter. The only regions to see growth in the second quarter were Latin America and the Caribbean, where…

HP Inc. (HPQ) reported weaker-than-expected results for its latest quarter, but its CEO says the tech giant is poised to deliver stronger results as AI PCs grow and the company cuts costs. The company’s stock jumped more than 4% on Thursday.CEO Enrique Lores told me in an interview on Yahoo Finance that the company will be more “aggressive” in its cost cuts to improve profits, primarily in the printing business. The cost cuts are part of a $1.6 billion plan that was developed nearly a year ago.Shares were up 4% in early trading Thursday.The company’s sales in the third quarter…

Share Tweet Share Share E-mail Fanatics, Inc., a leading American sports, collectibles, and e-commerce retailer, is heading toward a long-awaited IPO. While the exact date is uncertain, rumors suggest that the company could go public within the next 12 to 24 months. If you are excited and considering investing in the company, in this article, you will learn everything you need to know to prepare for the IPO. Fanatics IPO. What is Fanatics and what do they do? Fanatics, Inc. is a major player in the sports merchandise and memorabilia industry. American and international sports leagues such as…

SUMMARY PB Fintech, a publicly traded insurance company, has granted 75,760 shares of common stock to eligible employees under its Employee Stock Option Plan With the new allotment, the issued and paid-up share capital of PB Fintech has increased from INR 91.20 crores to INR 91.22 crores earlier. The company also allotted 48.3 lakh ordinary shares under its ESOP plan in June PB Fintech, a leading publicly traded insurance company, has granted 75,760 shares of common stock to eligible employees under its Employee Stock Option Plan. In an exchange filing, the company said its board of directors passed a resolution…

California lawmakers have passed a sweeping artificial intelligence bill, SB 1047, that seeks to establish safeguards for tech companies that develop large AI models. If enacted, SB 1047 would radically change the way major AI companies operate, leading to pushback from major players like OpenAI, Meta (META), and Google (GOOG, GOOGLE).Gov. Gavin Newsom has not indicated whether he plans to veto SB 1047.In an interview with Yahoo Finance’s Brian Sozzi WednesdaySalesforce (CRM) CEO Marc Benioff stressed the importance of regulation. “When it comes to AI safety, it has to be in everyone’s interest to make sure that these AI models…

FinTech is an emerging disruptive industry with the potential to make financial services accessible, simple and cost-effective. The Indian FinTech ecosystem is the third largest in the world, with the market size expected to reach $150 billion by 2025. The 3,000+ FinTechs registered with DPIIT enjoy the highest FinTech adoption rate in the world (87%). The sector has given the underbanked and unbanked segments access to banking solutions. Digital lending had already become a $270 billion market by 2022.However, financial malfeasance and irregularities have marred potential improvements in the FinTech space in recent years. Reserve Bank of IndiaAccording to the…

In June 2021, Ziinafresh out of the first YC cohort that year and secure $7.5 million seedlaunched its fintech application to 20,000 individual customers, allowing them to send and receive money. Three years later, the Dubai-based startup, which now has 50,000 individual and business customers after expanding its offering to meet the needs of micro, small and medium-sized businesses in the UAE, has secured $22 million in Series A funding led by Altos Ventures. Indeed, such a large additional funding round, despite the global funding slowdown, underscores investor confidence in the fintech company’s growth – the company claims 34% monthly…

A revolutionary day in the field of Fintech in the construction sector NEW YORK, January 31, 2024 /PRNewswire/ — Constrafor, a leader in construction technology and financing, proudly announces its prestigious recognition in two notable lists: Top 50 ConTech Startups of 2024 by CEMEX Ventures and the Top 50 FinTech innovations by GGV Capital, Crunchbase and 44 other investment firms. These distinctions are a testament to Constrafor’s hard work and progress in merging technology and finance within the construction industry. In the dynamic world of construction technology, Constrafor stands out for its innovative solutions. Insurance CoPilot and the Advance Payment…

By Paul O’Donoghue NICHOLAS Passarelli, a veteran of the compliance industry, has been appointed as the new chief compliance officer of Israeli fintech Melio. The company is a leading B2B payments platform for small businesses. In September 2021, it raised $250 million, a round that subsequently valued the company at $4 billion. Melio said Mr. Subscribe now to get unlimited access With our subscription, you will benefit from unlimited access to the AML Intelligence website, updated daily with the latest analysis, opinions and industry news, a newsletter sent twice a week, access to our Global Bank Fines & Penalties database,…