Author: nripn

Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding RoundThe startup is expected to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. June 13, 2024

Monday, June 17, 2024 05:01 | Updated: Friday, June 14, 2024 6:18 p.m. Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share by email The figures come as companies eye a rebound in fintech funding after valuations globally peaked in 2021. London is behind the increase Fintech recruitment in the UK This year, data shared exclusively with City AM shows that start-ups are looking to grow quickly as investment rebounds after a few difficult years. Fintech is the top performing category within UK financial services in terms of job vacancies…

The market regulator has also set norms for defining price movements, the stage of the reported transaction and a mechanism to factor in the unaffected price for transactions. Photographer: Dhiraj Singh/Bloomberg2 min read Last updated: June 17, 2024 | 8:01 p.m. ISTFollowing the rumour-checking regulations announced by the market regulator, several listed companies have issued clarifications on media reports in the last fortnight. The norms came into effect for the top 100 listed companies from June 1. Since then, companies like Life Insurance Corporation of India (LIC), Tata Steel, Bajaj Finance and Saurashtra Cement have issued clarifications on media reports…

The fintech IPO index lost 2.6% as profits rolled in. The “buy now, pay later” (BNPL) space arguably dominated headlines as the Consumer Financial Protection Bureau (CFPB) stepped in with new oversight of vendors. The CFPB intervenes As PYMNTS reported On Wednesday (May 22), the CFPB ruled that BNPL providers are credit card providers and must provide certain essential legal protections and rights offered by conventional credit cards. That includes, for example, the consumer’s right to dispute charges and demand a refund from the lender, the agency said. The interpretive rule released Wednesday by the CFPB says BNPL lenders must…

Less than two years after raising $80 million in Series D, automated debt manager Pointing has closed after being unable to raise more funds in a difficult environment for fintech startups. Founder and CEO Jason Brown said in a Post on LinkedIn“We have made the difficult and sad decision to close Tally. This is not the outcome we were hoping for, but after exploring all options, we have been unable to secure the financing necessary to continue our operations.” The San Francisco-based startup helped people manage and pay off their credit card debt. In October 2022, Tally raised an $80…

The Financial Regulation Innovation Lab (FRIL), a collaboration between FinTech Scotland, Strathclyde and the University of Glasgow, has selected the winners of its first call for innovation. The call, focused on ‘Simplifying Compliance through the Application of AI and Emerging Technologies’, concluded with a Demo Day in Glasgow on 30 April. Fifteen fintech finalists pitched their innovative solutions to professional services firm Deloitte and leading financial institutions including Tesco Bank, Morgan Stanley, Virgin Money and abrdn, all of whom contributed use cases to the call. Five winners have been selected as grant recipients, each receiving up to…

The USC-Capital One Center for Responsible AI and Decision-Making in Finance (CREDIF) is the first center launched under the auspices of the USC School of Advanced Computing (SAC), a unit of the USC Viterbi School of Engineering. USC and Capital One today announced the USC-Capital One Center for Responsible AI and Decision-Making in Finance (CREDIF)Supported by a $3 million gift from Capital One, the joint research center will focus on advancing the foundations of algorithmic, data and software innovations for artificial intelligence (AI) and its applications to finance. Combining USC’s world-class research with Capital One’s domain expertise, this is the…

Advancements in technology have given a significant boost to all Indian industries. Fintech The Fintech sector is not far behind. The term Fintech, which is essentially an amalgamation of finance and technology, has revolutionized the way financial services and transactions are carried out. As a result, this sector is currently full of many job opportunities. However, like any other field, it is primarily important for the youth career professionals to gain the clarity needed on in-demand roles, skills, hiring trends and more to build a successful career in Fintech. The most in-demand jobs in FintechEarly-career opportunities in fintech span a…

Hong Kong fintech company Fund park has secured a three-year, $250 million private loan from HSBC Holdings Plc as a senior facilities supplier, the second such investment the company has secured this year. Funding for asset-backed securities comes from HSBC 3 billion dollars “A new economy facility” focused on technology and healthcare in Hong Kong and mainland China, said Hay Yip, FundPark’s chief strategy officer and chief of staff, in an interview on June 21. HSBC will provide up to $200 million as lead lender, with the rest coming from other partners.

A leading company in the field of business payments, Business acquire Paymerangleader in accounts payable automation solutions. Corpay announced today that it has entered into a definitive agreement. This acquisition expands Corpay’s presence in four attractive vertical markets: education, healthcare, hospitality and manufacturing. The transaction is expected to close in the second quarter of 2024, subject to regulatory approval and standard closing conditions. “This acquisition is in our business area and exactly the type of transaction we find most interesting. This is a business growing by more than 20%, within Corporate Payments, where we can accelerate growth and profitability,” said…