Platform Financial News

Kraken Ventures, Fabric Ventures, Arca, and Inovo.vc joined the round as well as existing investors Speedinvest, Credo Ventures and Seedcamp. Fiat secured $3.5 million in financing in 2022.The startup offers a single API integration coupled with a single compliance touchpoint, providing crypto platforms with access traditional transaction banking services, cutting the time and cost of processing fiat currencies.The company is also building a coalition of crypto platforms to "transform the perception of cryptocurrencies in traditional financial circles and focusing them on seeking partnership rather than conflict".Meanwhile, Fiat has been granted a full electronic money institution licence by De Nederlandsche Bank, enabling it to provide regulated financial services across the European Economic Area.

Netflix has released the first trailer and confirmed the global release date for Adam Sandler's upcoming sci-fi film, 'Spaceman.' Originally slated for a 2023 release, the movie will now debut worldwide on March 1, 2024.

Hegic, a crypto derivatives trading platform, may have just exposed itself to an insider trading probe from the U.S. government following a profitable but sketchy trade with an affiliate company.

The Zilliqa blockchain is grappling with a “critical situation” resulting in a significant disruption to its network.

Coinbase Wallet, a prominent player in the cryptocurrency exchange sector, has rolled out a game-changing update that simplifies and accelerates international money transfers. This new feature, part of Coinbase’s strategy to make cryptocurrency transactions more accessible, allows users to send money via links shared through various messaging and social media apps​​​​.

TBO Tek, which has filed its draft IPO papers with Sebi, told ET that it has signed a deal to acquire the online business of Jumbo Tours Group of Spain, through its wholly owned subsidiary Tek Travels DMCC. The company has acquired the business for a consideration of ₹25 million, as per the draft IPO papers.

Mint, Thampy Koshy, managing director and chief executive of ONDC, said that the onboarding of new users is being scaled up at a rapid pace on the ONDC protocol. “In January, we announced public availability of ONDC in Bengaluru. At that time, we had just around 1,000-1,200 transactions per month.

The Competition Commission of India (CCI) on Tuesday said it cleared Nirma’s acquisition of majority shareholding of Glenmark Life Sciences Ltd. The combination relates to the acquisition of majority shareholding of Glenmark Life Sciences Limited by Nirma Ltd.

NEW DELHI : Meta, the parent firm of Facebook, Instagram and WhatsApp, is piloting new generative artificial intelligence (AI) products, including a creator suite that was announced globally on 4 October. Sandhya Devanathan, vice-president and country head of Meta India, said in an interview that the pilot is also active in India now, albeit as a “large pilot" made available to select creators right now.

The 8th edition of the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs (CoC) is currently underway in Bangkok, Thailand, hosted by the Royal Thai Navy from December 19 to 22, 2023. Leading the charge is Admiral R Hari Kumar, Chief of the Naval Staff, who heads a three-member Indian Naval delegation for the Conclave.

In the transformative year of 2023, IRDAI has embarked on an admirable and meticulous journey, dedicated to enriching the satisfaction and overall experience of insurance consumers. This customer-centric initiative underscores the regulator’s profound commitment, elevating the concerns and priorities of policyholders to a central position. Recognizing that a customer-focused paradigm is not a transitory trend but a foundational principle for the insurance industry’s vitality, IRDAI is cultivating a culture of trust, reliability, and genuine concern for those who rely on insurance products.

FP Alpha, an AI-driven advanced planning platform for financial advisors, today announced its new integration with Orion Advisor Solutions, a provider of wealthtech solutions for fiduciary advisors.

GTA 5 and GTA Online are widely played across various platforms. However, the question remains: Do these games support cross-platform play, connecting Xbox, PS5, and PC users? Here's the lowdown.

Recently, the Shiba Inu (SHIB) lead developer Shytoshi Kusama hinted at new major developments for the altcoin. Meanwhile, Everlodge (ELDG) has made headlines by integrating AI into its upcoming platform. This has the potential to revolutionize the real estate industry, which Statista projects may reach a value of $729T by 2028. With experts forecasting a 3,000% price increase for ELDG, let’s review what makes it so appealing.

As 2023 draws to a close, investors are shifting their focus to the upcoming fiscal year.

The Nova Scotia Securities Commission, along with Halifax Regional Police and the RCMP, have issued a warning to be vigilant when investing in cryptocurrency “as residents continue to lose substantial amounts of money to crypto-related scams.”

NEW DELHI : Advertising volumes on television decreased 4% in the September quarter from a year earlier, suggesting a slight slowdown even as a few new trends emerged with the auto, finance and e-commerce sectors gaining ground. The period between July and September saw significant shifts in categories, sectors, advertisers, and growth areas in television advertising, per data shared by TAM Media Research. Advertisers from the food and beverage sector maintained top position with 21% of the ad volumes, unchanged from a year earlier, while the personal care and hygiene category gained 2 percentage points over the same quarter last year, accounting for 18% of all ad volumes.

Poco M6 5G is scheduled to be launched on December 22, as announced on its official X (previously Twitter) account. The unveiling is set for 12:00pm IST. According to the teaser released by the company, the phone is expected to feature a display with a waterdrop-style notch.

Suraj Estate IPO : The initial public offering (IPO) of Suraj Estate Developers Limited that opened on Monday, December 18 and will remain open till Wednesday 20th December 2023, saw retail portion subscribed 390% As on 19th December, Tuesday the issue had been subscribed 2.42 times. The public issue subscribed 3.9 times in the retail category, 0.12 times in QIB, and 2.06 times in the NII category by December 19 2023 5.00 PM as per BSE Meanwhile, shares of Suraj Estate Developers Limited are available for trade in grey market. According to investorgain.com, the shares of Suraj Estate Developers Limited are available at a premium of ₹70 in grey market today.

Fear sells.

The expansion of the SEC’s Rule 35d-1, the “Names Rule,” to include ESG terms has led to the launch of a new tool to help asset managers and financial advisors assess compliance.