USA
2023’s Biggest Fintech Acquisition Deals
The global fintech sector is witnessing a slowdown in deal activity, with companies adopting a cautious “wait-and-see” approach. In the first half of 2023, only 128 mergers and acquisitions (M&A) were recorded, compared to 248 and 188 in the first
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Top 8 Most Well-Funded Fintech Companies in the USA
The US holds a prominent position in the global fintech scene and is considered one of the leading countries in fintech innovation, investment and market size. The country possesses the most mature innovation ecosystem in terms of venture capital (VC)
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Top 17 Fintech Events Taking Place in North America in Q3 2023
The fintech sector in North America has experienced robust growth and rapid evolution over the past years, driven by technological advancements, regulatory changes, and shifts in consumer behavior. In the US, fintech companies have been instrumental in shaping the future
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Banks, Central Banks Ramp up Asset Tokenization Efforts
Asset tokenization, a process that involves converting rights to a real-world asset into a digital token and recording that said asset on a blockchain, is becoming a critical part of the financial market infrastructure, providing substantial benefits including improved speed
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Generative AI Frenzy Pushes Nvidia Market Capitalization Past US$1T Mark
Nvidia reached a market capitalization of more than US$1 trillion early this month, becoming the ninth company in history and the world’s first chipmaker to cross that threshold, according to Bloomberg and the Guardian. The company joined fellow tech companies
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Thomson Reuters Acquires AI Legaltech Casetext for $650 Million in Cash
Thomson Reuters announced it has signed a definitive agreement to acquire Casetext, a California-based provider of technology for legal professionals, for $650 million cash. The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives,
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SAP Fioneer Rolls Out Customisable SME Banking Solution
SAP Fioneer, a global provider of financial services software solutions and platforms, has announced the launch of its tailored small and medium-sized enterprise (SME) banking offering. As a unique end-to-end solution, the Fioneer SME Banking Edition covers front-to-back capabilities and seamlessly
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Bitcoin Crosses US$30K Mark Following Slew of Spot ETF Announcements
The price of bitcoin crossed the US$30,000 mark last week, driven by investors’ excitement about the prospects of high-profile investment firms jumping deeper into digital assets by launching spot crypto exchange-traded funds (ETFs). Bitcoin, the world’s largest cryptocurrency by market
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Backbase Taps Entrust to Enable Customers to Integrate With Google Pay, Apple Pay
Digital banking software provider Backbase has tied up with Entrust, an American digital security and credential issuance solutions provider, to enable its end customers to securely add their payment cards to third-party wallets like Apple Pay or Google Pay. The “add card
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Paytech Giant Diebold Nixdorf Plans Chapter 11 with Debt Restructuring Agreement
In a significant move towards financial consolidation, payments technology leader Diebold Nixdorf has declared that it has signed a restructuring agreement with key financial stakeholders. The objective of this strategic decision is to facilitate a comprehensive debt restructuring process, aiming
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