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The Middle East technology ecosystem is undergoing a massive transformation with programs like UAE Vision 2031 in the Emirates and Saudi Vision 2030 in the KSA drivingremarkable growth in Saudi Arabia's startup ecosystem, attracting founders eager to benefit from the government's support for entrepreneurship. Onefast-growing startupis Emkan Capital-backed fintech InvestSky.What Is InvestSky Doing In the
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Chubb Limited CB , which stands as the largest publicly traded property and casualty insurance firm globally, conducted a survey with results showing banks and fintech-focused companies are highly optimistic about embedded insurance, with most anticipating that such offerings will grow their revenue substantially over the next three years. "Fintechs and banks are increasingly turning
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Mastercard IncMA has agreed to acquire a minority stake inMTN Group Ltd'sfinancial-technology business at a valuation of $5.2 billion. The financial details of the transaction or stake percentage remain undisclosed. The deal involves a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa, Bloombergreports. Also Read:Mastercard's Conservative Outlook and Relative
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Recent market activity has pushed PayPal's stock downwards, now hovering around the August 2017 level at $58, dangerously close to the crucial $50 psychological support. Adding to investor apprehensions, PayPal, in cooperation with The Financial Conduct Authority (FCA), has paused cryptocurrency purchases for UK users from October 1st, 2023, until early 2024, a move that
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do anything — How ChatGPT turned generative AI into an anything tool Until recently, AI models were specialized tools. Modern LLMs are different. Haomiao Huang – Aug 23, 2023 11:30 am UTC EnlargeAurich Lawson | Getty Images reader comments 95 with The chief technology officer of a robotics startup told me earlier this year, We
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FintechFluidAI, a fintech platform operating in the tokenized market, announced Monday it has teamed up with I-X, the artificial intelligenceinitiative of Imperial College London. This partnership is the first globally recognized university AI collaboration to be partially financed through cryptocurrency. Thejoint mission? Addressingpressing inefficiencies in the digital asset market, primarily fragmented liquidity. The crypto realm
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An aircraft said to be carrying notorious warlord Yevgeny Prigozhin, whose Wagner group launched a failed mutiny in June, has crashed on a flight from Moscow to St Petersburg, according to Russian officials. All 10 people on the plane, including three crew members, died in the crash, Russia’s emergency ministry said, according to state newswire
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Brett Harrison is best known as the former president of FTX US, an embattled U.S.-regulated cryptocurrency exchange that he left before the famous collapse. As a developer of trading infrastructure and a leader in using artificial intelligence (AI) in fintech, Harrison is not defined by his experience establishing the companys regulated business operations, or launching
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Chubb Limited CB , which stands as the largest publicly traded property and casualty insurance firm globally, conducted a survey with results showing banks and fintech-focused companies are highly optimistic about embedded insurance, with most anticipating that such offerings will grow their revenue substantially over the next three years. "Fintechs and banks are increasingly turning
0 Comments
Recent market activity has pushed PayPal's stock downwards, now hovering around the August 2017 level at $58, dangerously close to the crucial $50 psychological support. Adding to investor apprehensions, PayPal, in cooperation with The Financial Conduct Authority (FCA), has paused cryptocurrency purchases for UK users from October 1st, 2023, until early 2024, a move that
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OLB Group, Inc. OLB is a diversified payment and omnicommerce technology services provider that provides the benefits of traditional banking to financially underrepresented communities. It is boosting its services to the underbanked through the acquisition of a controlling interest in Cuentas SDI LLC, a company that owns the platform of Black011.com along with a network
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30 Generative AI has been the rage of late, stunning people with content creation. Chat GPT stunned folks when it was released and suddenly started churning out everything from recipes to essays to blog articles (its still human me writing here). I read an article about AI generating images of people from different states. The
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With Quiver Quantitatives recentinstitutional holdings data, we can see that hedge funds and asset managers have been increasing their holdings in MercadoLibre MELI . Firms such as Scottish investment managerBaillie Gifford, Fidelity Investments, andBlackrockhave all added to their MELI positions recently. Most notably, Baillie Gifford increased shares held by 4.28% (as filed on 6/30), bringing
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Private equity’s biggest names including KKR and Bain Capital are handing over distressed companies to the lending arms of rivals, as they struggle with tough economic conditions. The rash of handovers to creditors underscores the problems many private equity firms face as their portfolio companies contend with higher interest rates, stubborn inflation and supply chain
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