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By Gloria Methri May 29, 2024 Asset management Chetwood Finances CHL Mortgages In 2023, the FinTech sector saw a slowdown in deal activity as companies around the world took a cautious approach to mergers and acquisitions (M&A). In the first half of the year, only 128 M&A deals were recorded, compared to 248 and 188 in the first and second halves of 2022. Despite the contraction, companies remain interested in exploring options and are looking forward to closing potential deals when market conditions improve. Several FinTech segments, including payments, treasury management software and corporate spinoffs, are attracting M&A interest, according…

London is seeing a marked resurgence in fintech growth, according to data released this week. Figures from recruiter Morgan McKinley show a Fintech job vacancies up 61% year-on-year in the city between January and April.* Commenting on the results, Vijay Ray, Managing Partner at audit, tax and advisory firm RSM UK, said: “This data is further evidence that London is experiencing a resurgence as a fintech capital in Europe. RSM’s own data revealed that tech incorporations in the UK recently hit a record high, up 22% nationally and 26% in London Last year, London was losing ground as a financial…

Financial operations platform BILL rejects rumors he wants to buy Melio Payments. “Although BILL’s general policy is not to comment on market rumors or media speculation, BILL does not pursue any such action. acquisition at that time,” the company said in a press release provided to PYMNTS on Thursday (Nov. 9). A Melio spokesperson also told PYMNTS that the company does not “comment on rumors and speculation.” The statement came following a Bloomberg News report that the company was work on a cash and stock basis agreement This would value Melio at $1.95 billion, Melio was estimated to $4 billion…

The Reserve Bank of India (RBI) has released a draft framework defining the general functions, governance norms and eligibility criteria for setting up a self-regulatory organisation (SRO) for fintech companies. Why is such a body necessary? Mint explain : What is the RBI concerned about?Fintechs play a vital role in the Indian financial system by saving time, improving access and reducing costs. However, concerns remain. The Indian fintech sector is largely unregulated and, from time to time, issues arise around data privacy, cybersecurity, grievance management and internal governance. The RBI acknowledges the impact that fintechs could have on financial stability…

Stay informed with free updatesSimply sign up for the Artificial intelligence myFT Digest – delivered straight to your inbox.China’s efforts to match the United States’ computing power in artificial intelligence are being hampered by bug-ridden software, with customers of leading AI chipmaker Huawei complaining of performance issues and difficulty switching from Nvidia products.The Chinese tech giant has emerged as the favorite in the race to develop a domestic alternative to industry leader Nvidia, after Washington further tightened export controls on high-performance silicon last October.Its Ascend series has become an increasingly popular option for Chinese people AI groups to perform inference,…

Stay informed with free updatesSimply sign up for the Artificial intelligence myFT Digest – delivered straight to your inbox.China’s efforts to match the United States’ computing power in artificial intelligence are being hampered by bug-ridden software, with customers of leading AI chipmaker Huawei complaining of performance issues and difficulty switching from Nvidia products.The Chinese tech giant has emerged as the favorite in the race to develop a domestic alternative to industry leader Nvidia, after Washington further tightened export controls on high-performance silicon last October.Its Ascend series has become an increasingly popular option for Chinese people AI groups to perform inference,…

According to Fortune Business Insights, the global fintech market size is expected to reach USD 882.30 billion by 2030, at a CAGR of 17% during the forecast period 2023-2030.FinTech MarketForecast, 2023 – 2030Pune, India, Dec. 05, 2023 (GLOBE NEWSWIRE) — The FinTech Market Size The financial technology (FinTech) market was valued at USD 257.26 billion in 2022 and is projected to reach USD 882.30 billion by 2030, at a CAGR of 17.0% over the study period. Fortune Business Insights™ provides this information in its latest research report titled, “Financial Technology Market Forecast, 2023-2030.”Various financial technology tools, solutions, and services are…

By Gloria Methri February 01, 2024 Clarus Agricultural Credit DMI Group In 2023, the FinTech sector has seen a slowdown in deal activity as companies around the world have taken a cautious approach to mergers and acquisitions (M&A). In the first half of the year, only 128 M&A deals were recorded, compared to 248 and 188 in the first and second halves of 2022. Despite the contraction, companies remain interested in exploring options and are looking forward to closing potential deals when market conditions improve. According to S&P Global Market Intelligence, several FinTech segments are attracting M&A interest, including payments,…

June 17, 2024 Written by FinTech Alliance in FinTech London is seeing a significant increase in fintech job vacancies, driven by renewed investor interest. A report by Morgan McKinley and Vacancysoft highlights a 61% increase in fintech job vacancies from January to April 2024, with IT roles being the most sought-after.The increase in recruitment numbers is attributed to technological advances and the recovery in fintech funding, with London leading the way. Companies such as FIS, Starling Bank and Monzo are among the top recruiters, reflecting the dynamic growth of the sector.Read more here

THE Top 100 listed companies by market capitalization will have to confirm or deny any market rumor reported in the mainstream media starting this Saturday. The rule will apply to the first 250 companies from December 1st. Under the SebiUnder the rule, these companies will have to “confirm, deny or clarify any event or information reported in the mainstream media that is not of a general nature and that indicates that rumors of a specific impending material event” are circulating among the investing public within 24 hours of the information being released. Sebi through its new launch rumor verification framework…