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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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BPC Partners With Ellipse to Boost Payment Transaction Security
Swiss payment solution provider BPC announced that it has expanded its partnership with U.S.-based fintech company Ellipse World. The partnership will focus on bolstering security measures and privacy for customers by integrating EVC® (Ellipse Verification Code), Ellipse’s dynamic card security
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QED Investors Raises Nearly US$1 Billion to Invest in Fintech Firms Globally
QED Investors, a global venture capital firm investing exclusively in fintech companies, announced the close of two new funds totaling US$925 million. With the close of these two new funds, QED will have more than US$4.0 billion under management. The
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Investing.com Acquires Streetinsider.com for $10M USD
Investing.com, a platform for financial data, tools & news accessed by more than 60 million retail investors monthly, announced it recently completed the acquisition and integration of Streetinsider.com, a premium source for market moving breaking news on equities. According to
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U.S. Fintech 8fig Raises US$140M Series B Led by Koch Disruptive Technologies
Fintech firm 8fig announced that it has secured a US$140 million Series B funding round in April 2023 led by Koch Disruptive Technologies (KDT). This brings 8fig’s total funds raised to US$196.5 million. The funding round was also joined by
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