Platform Financial News

PayU is in the process of setting up business-to-business payment rails for its Indian clients. Additionally, the company is evaluating opportunities in the supply chain financing space. “B2B payments is something that we are thinking very hard about … the idea is to expand into vendor payments and (look at) the different ways in which we can manage the suppliers of these anchor merchants, solve their reconciliation problems,” said Vijay Agicha, PayU’s global head of strategy, mergers and acquisitions, and investment.

Just last week, the Madras High Court struck down the law banning online real money games such as rummy and poker in Tamil Nadu, cheering up local gamers.

Russian crypto holders have reportedly used simple workarounds to evade sanctions – and trade on overseas crypto exchanges.

Palo Alto Networks (NASDAQ:PANW) shares fell 8% after-hours Wednesday after posting solid first quarter results but issuing second quarter and full year billing guidance below estimates.

InvestmentNews’ inaugural 5-Star Fund Providers and 5-Star Research Platforms is now open.

After two acquisitions so far this year, AlTi Global Inc., the giant registered investment advisor that targets wealthy clients, continues to see potential mergers and acquisition targets on the horizon.

CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network.

Leading German bank Commerzbank has received a crypto custody license from government regulators.

Manulife Investment Management is buying most of billionaire Michael Hintze’s CQS in a bid to expand the Canadian investment firm’s specialized fixed-income investment strategies.

Lisa Kudrow, popularly known as 'Phoebe Buffay' from the sitcom is the last of the 'Friends' to break silence over the death of Matthew Perry. In her tribute to Perry on the social media platform Instagram, the actor said «Thank you for making me laugh so hard at something you said, that my muscles ached, and tears poured down my face EVERY DAY.» The two shared screen for over a decade and have been close friends ever since. «Shot the pilot, Friends Like Us, got picked up then immediately, we were at the NBC Upfronts.

Coin98, a multichain wallet and decentralized finance (DeFi) platform, has unveiled a decentralized application (dapp) store powered by the NEAR Blockchain Operating System (B.O.S), marking a pivotal move towards providing streamlined access to prominent Layer-2 (L2) ecosystems. This development was disclosed on November 2, 2023, in a press release by the NEAR Foundation.

Blockchain technology is rapidly transcending beyond traditional platforms, marking its imprint on mobile platforms, an area CertiK, a blockchain security firm, regards as a «frontier of innovation.» However, this transition isn't devoid of challenges. Mobile platforms inherit a lineage of security hurdles that threaten to impede the smooth operation of blockchain technologies on these devices. On 31st October 2023, CertiK delineated a series of tweets, unfolding the panorama of threats alongside respective safeguards in the mobile blockchain ecosystem.

FTX CEO Sam Bankman-Fried (SBF) found himself in the hot seat during a recent court proceeding regarding the exchange's risk management measures. The hearing, documented by BitMEX Research, shed light on a catastrophic event stemming from a flawed risk engine in 2020, the subsequent code change titled «Allow Negative,» and its implications on FTX's operations.

In light of the increasing number of cryptocurrency scams permeating social media platforms, blockchain security company CertiK has delineated a comprehensive examination of this menacing trend. On October 26, 2023, CertiK took to Twitter to elucidate how the meld of social media's extensive reach and cryptocurrency's decentralized, and often murky, nature concocts a fertile ground for scam artists.

On November 1, 2023, Uniswap Foundation publicized the selections for the first round of Request for Proposals (RFPs) for Uniswap V4 through their official Twitter handle, @UniswapFND. The announcement is a significant stride towards enhancing Uniswap V4, with several teams and projects earmarked to contribute various improvements to the protocol.

NEW DELHI : India’s largest packaged consumer goods company Hindustan Unilever Ltd (HUL) is pushing personalized messages and promotions on its business-to-business app Shikhar to drive engagement for small store owners amid greater competition from online platforms. Shikhar is the company’s business-to-business app that allows millions of shopkeepers to place orders directly with its distributors any time. In FY23—1.2 million retail outlets used the Shikhar app to place orders.

OpenAI will pause accepting new users for its paid ChatGPT Plus service due to overwhelming demand, CEO Sam Altman said in a post on Tuesday. Altman's company introduced new features and upgrades at its first-ever developer conference last week, allowing users to build custom versions of ChatGPT to accomplish specific tasks. The announcements triggered a rise in demand for OpenAI's artificial intelligence tools and services. «The surge in usage post devday has exceeded our capacity and we want to make sure everyone has a great experience,» Altman wrote on X, the social media platform formerly known as Twitter. The AI startup said at its conference that roughly 100 million people use its services every week and more than 90% of Fortune 500 businesses are building tools on OpenAI's platform. With the new option, users will be able to create their own specialised versions of ChatGPT — simply called GPTs — that can help teach math to a child or explain the rules of a board game.

By Supantha Mukherjee and Foo Yun Chee

A US District Court for the Southern District of Florida has ceremoniously rejected the requests for class certification by investors who have taken legal action against the Robinhood platform.

By Foo Yun Chee

(Reuters) — A bipartisan group of U.S. Senators has written to Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg demanding documents about its research into the harm to children from its social media platforms.