Author: nripn

(Reuters) – Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained “false or inaccurate statements” about the AI ​​server maker.In its initial comments on the allegations, Super Micro said the report contained “misleading presentations of information we have previously shared publicly.”The company said it would respond to the statements “in due course,” without providing further details. Its shares rose more than 2% in early trading.Hindenburg did not immediately respond to a Reuters request for comment on Super Micro’s statement.Hindenburg last week disclosed a short position in Super Micro…

A look at financial industry news from PR Newswire in September and October that you may have missed. By Daniela Valles | Published on November 13, 2023 The end of the year is fast approaching and our team continues to monitor the evolving situation. finance related stories cross the wire to help identify the biggest trends of the past two months. In September and October, PR Newswire distributed more than 7,300 Press Releases related to the financial sector. Key trends we’ve seen include an increase in AI in fintech, an increased need for financial education, and with October being Financial…

London is known for its status as a global fintech hub, with sector success stories including Monzo and Starling.Job vacancies in London’s financial services sector have exploded over the past year as traditional and challenger banks race to keep up with the latest technological advances and outpace their rivals.Technology job vacancies in London’s financial services sector are expected to increase by 88% in 2024 in the capital compared to the monthly average in 2023, according to data shared with City AM.Over the past 12 months, the number of technology professionals entering financial services jobs in the UK has increased by…

Share Tweet Share Share E-mail Rumors are swirling in industry circles that Fred Durst, the famed frontman of nu-metal band Limp Bizkit, is set to showcase his signature energy and charisma as the host of “Saturday Night Live” on February 24, 2024. Known for his dynamic stage presence and memorable musical career, Durst’s upcoming SNL appearance promises to be a night filled with entertaining sketches and possibly musical surprises. Join Durst on the SNL On stage, indie rock band DIIV would be the musical guest of the evening. Known for their heavy, atmospheric sound, DIIV’s unexpected inclusion adds…

Prime Shaktikanta Das, RBI Governor6 minutes reading time Last updated: March 10, 2024 | 8:50 p.m. IST“Fintech companies’ right to exist lies in innovation. In doing so, they may sometimes adopt a more liberal interpretation of regulations in the grey area,” says Alok Mittal, Co-Founder and CEO, Indifi Technologies. And aware that this can lead to accidents, Reserve Bank of India (RBI) Governor Shaktikanta Das had warned (at the Global Fintech Festival in Mumbai on September 20, 2022): “The fintech road ahead will witness ever-increasing traffic, in addition to the large number of existing players already on it. So, it…

In their last UK Innovation Update – Q1 2024HSBC Innovation Banking and Dealroom have revealed that fintech is back at the top of the UK’s most funded startup sectors. In 2023, for the first time, the most funded sector was energy. That didn’t last long, as fintech regained its leadership position with $1.4 billion raised in 73 rounds in Q1 2024. Some large late-stage funding rounds contributed to this, such as Monzo (£340 million), Slab (£108m) and PPRO (£73m). According to the report, cutting-edge technology sectors such as deep tech, semiconductors and quantum computing saw a surge in support, becoming…

We recently compiled a list of 10 AI Stocks That Could See Parabolic Growth According to Financial Media. In this article, we will examine how Microsoft Corporation (NASDAQ:MSFT) stands relative to other AI stocks.One of the major growth drivers of the AI ​​industry in recent years has been the exponential increase in data generation. The rise of the Internet of Things (IoT), social media, e-commerce, and various digital platforms has led to an unprecedented increase in data generation. This massive amount of data serves as fuel for AI systems, particularly in the development of machine learning models. Clive Humby, a…

In India, the financial services and fintech sectors have witnessed significant growth during the pandemic. While growth has been strong across all sectors, the exponential growth in digital payments is a case in point that proves how the sector is adapting quickly to disruptions. As the situation normalises in many sectors, the growth in the financial services and fintech sector has been on an upward trajectory, showing that this trend is not just a passing phase. It is well known that the deepening of the financial services sector contributes to the overall development of the economy. Riding on this momentum,…

New Delhi: India’s financial sector is growing rapidly, with fintech startups increasing five-fold in the last three years, according to a report. The growth has increased from 2,100 in 2021 to 10,500 by 2024.JM Financial said in a report: “Currently, India has 26 fintech unicorns with a combined market value estimated at $90 billion.” India has one “decacorn” fintech (valued at over $10 billion) and 25 unicorns, with valuations ranging from $1 billion to $10 billion, and 37 minicorns, with valuations ranging from $100 million to $1 billion. The country has 87 “soonircorn” fintech startups, with valuations ranging from $60…

Financial technology has seen incredible growth for investors and innovators. But in the not-too-distant future, blockchain will become the only aspect of fintech that matters. Fintech’s success story over the past 15 years has been defined by massive developments in electronic and online payment systems, with companies like PayPal, Venmo, and Stripe becoming household names. (Not to mention the evolution of monoliths like American Express, Visa, and Mastercard.) Just three years ago, venture capital funding for fintech companies topped $140 billion. But since then, investment in the sector, especially in the first few lapshas fallen to levels not seen since…