financetech5.3 min read
"Nvidia's Soaring Stock Price Sparks Investor Warning: Beware of Disruption, Says Market Sage"
1 year ago•Source: Fortune
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2.4 min•1 year ago
"Startup Funding Roundup: Fintech, E-commerce, and Health Platforms Secure Millions"
Y Combinator-backed fintech startup Pluto Markets has raised $2.6 million in fresh funds, securing an EU investment license as it aims to disrupt the retail trading market in Europe. The Copenhagen-based company, founded in 2021, offers brokerage services across the Nordics and plans to focus on non-Euro markets. Unlike its peers, Pluto secured an EU-wide investment license before raising significant capital, emphasizing a lean approach. The funding will be used to expand the team and scale operations in the Nordics before targeting other non-Euro markets.
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"Rising Fraud Threat: Securing Your Payment Apps Against Vulnerabilities"
Originally Published 1 year ago — by PYMNTS.com
Payment fraud incidents have surged, leading to consumer skepticism towards payment apps aggregating and connecting payment information. Concerns about data breaches and vulnerability to fraud are widespread, with 45% of consumers fearing data breaches and 34% feeling more vulnerable to fraud. Financial institutions are witnessing an increase in fraud cases and losses, prompting them to enhance preventive measures using artificial intelligence and machine learning. The adoption of AI solutions has led to a decline in overall fraud rates, highlighting the effectiveness of this technology in preventing fraud.
Elon Musk's X: Revolutionizing Finance, Predicting Banks' Replacement
Originally Published 2 years ago — by Cointelegraph
Elon Musk's X, formerly known as Twitter, aims to become a central financial hub, offering a comprehensive platform that covers all aspects of users' financial lives and potentially eliminating the need for traditional bank accounts. Musk envisions X as a versatile app, with plans to introduce new features by the end of 2024. He is taking a hands-on approach, overseeing feature development and strategizing premium offerings. X is also seen as a potential competitor to platforms like YouTube, LinkedIn, and Cision PR Newswire, with plans to introduce a news wire service named XWire. The platform has made progress in terms of product development, including Community Notes, Audio and Video Calling, and a $1 payment feature. Musk has also announced the possibility of live-streaming company discussions.