Paul Tucker
Peter Tucker is an experienced Finance Expert with a strong background in economics and computer science. With a career spanning 13 years in the banking industry, Peter helps Fintech startups to develop solutions that enhance financial inclusion for unbanked populations. He writes and publishes blogs on FinTech to share his experience and knowledge.
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SoftBank’s $1.5 Billion Investment in OpenAI
As per recent developments, the SoftBank OpenAI investment has entered a new phase, with the creator of ChatGPT granting employees the option to sell shares worth $1.5 billion to the Japanese conglomerate. This move is s... -
Rivian Wins Federal Loan Approval to Complete Georgia EV Factory
US-based EV maker Rivian Automotive Inc has secured conditional approval for a $6.6 billion federal loan from the Department of Energy. According to TechCrunch, Rivian won the loan approval at a time when it needed fundi... -
French Government Moves to Acquire Atos Advanced Computing for €500 Million
The French government has entered in negotiations with ATOS advanced computing firm for the future acquisition of the company for €500 million. Atos handles the communications for the French military and secret service... -
US Cuts Intel’s Federal Chips Funding As Chipmaker Struggles to Meet Strict Performance Rules
The US Department of Commerce could reduce Intel’s federal chips grant from the $8.5 billion to under $8 billion, the New York Times reported. Earlier this year, the Biden administration said it would award Intel l... -
US Watchdog, CFPB to Regulate Google Pay and Other Digital Wallets
US tech payments and digital wallets will now be subject to federal supervision, the Consumer Financial Protection Bureau has said. The USNews reported that the US watchdog has finalized rules for regulating tech compani... -
STMicroelectronics’ Growth Target Review Triggers Stock Slump
STMicroelectronics (ST) stocks dipped on Wednesday, November 20, 2024. The stocks dropped following a review of STMicroelectronics growth target downwards. According to Reuters, STMicroelectronics extended its goal of re... -
Nvidia Stocks Dip As Overheating of Blackwell AI Chips Fuels Customer Concerns
Customers who have received the new Nvidia Blackwell AI chips have reportedly raised concerns regarding the overheating of servers. According to Reuters, customers are worried that they may not get their new AI data cent... -
Financial Forecasting Trends: The Past, Present, and Future
Introduction Financial forecasting is a vital tool for guiding business decisions by anticipating market changes and financial performance. It bridges the gap between past trends, current strategies, and future opportuni... -
US Commerce Department Closes $6.6 Billion Chips Act Funding Award for TSMC
The US Department of Commerce has finalized the $6.6 billion award to Taiwan Semiconductor Manufacturing Company (TSMC) under the Chips Act. According to Yahoo Finance, the TSMC Chips Act funding marks a major milestone ... -
Samsung Electronics Shares Hit Lowest in Four Years Amid U.S. Tariff Concerns
On Wednesday, November 12th, 2024, Samsung Electronics shares hit its lowest in the past four years. Analysts say this decline could be due to rising concerns about new U.S. tariffs under the administration of Donald Tru... -
Tokyo-Based Fintech, SmartBank to Expand Workforce with New Funding
Japan-based fintech startup, Smartbank has raised $26 million in a Series B funding round. SmartBank’s new funding is a mix of debt and equity financing. According to TechCrunch, the fintech startup raised $18.8 millio... -
Rivian Q3 Earnings 2024 Fail to Impress as the EV Maker Struggles with Slowing Demand
US-based EV manufacturer Rivian has missed revenue projections. On November 7 2024, The company reported lower quarter three sales than investors expected. Rivian Q3 earnings report for 2024 showed the company generated ... -
Qualcomm’s QI Financial Outlook Causes Stock Prices to Soar
Global smartphone processor seller, Qualcomm has given a bullish sales forecast for the fourth quarter. Qualcomm’s financial outlook points to a bright future in the smartphone device industry. Yahoo Finance reported t... -
South Korea Fines Meta $15 Million for Personal Data Violation
South Korea has fined Meta Platforms $15.67 million. South Korea’s fine on Meta came after the country’s Personal Information Protection Commission discovered that the tech giant was collecting sensitive information ... -
Google Alphabet Shares Rise by 6% as Q3 Earnings Exceed Analyst Expectations
Google’s parent company, Alphabet shares rose by close to 6% on October 29, 2024 after the company reported higher earnings than expected. Alphabet announced a 15% revenue growth in quarter three. According to CNBC, Go... -
Wise CEO Fined by UK Regulator for Non-Disclosure of Tax Liability
The Financial Conduct Authority (FCA) in the UK has fined Wise CEO and founder Kristo Kaarmann a total of £350,000 ($453,565). Reuters reported that the Wise CEO was fined after he violated the Senior Management Conduc... -
Autonomous Vehicle Startup, Pony.ai Announces Plans to File for US IPO
Self-driving startup Pony.ai has announced plans to go public in the US through an initial public offering. Yahoo Finance reported that the filing of the Pony.ai US IPO could happen as soon as this week, although the tim... -
US Spurs Semiconductor Production with Wolfspeed Chips Act Funding
US chip manufacturer, Wolfspeed Inc. is set to receive $1.5 billion to boost its operations. Out of this amount, $750 million is in the form of a government grant under the 2022 Chips and Science Act. Yahoo Finance repor... -
UK Banks Become World’s First to Reimburse Victims of Online Fraud
Tensions between tech companies and banks are rising over the growing issue of online fraud in the UK. According to CNBC, from 7th October 2024, banks in the UK will be required to compensate victims of online scams, kno... -
The Key Differences Between Cloud Accounting and Traditional Accounting Systems
Introduction The choice of cloud accounting vs. traditional accounting is a major decision for business owners looking to manage their financial data effectively. Technological advancements have seen people switch from m... -
Zilch Declares Initial Profit as It Breaks Even
Fintech startup, Zilch has reported its first profit. The announcement of Zilch’s profitable status marks an important milestone for the fintech company as it works towards an initial public offering. On Tuesday, the f... -
Revolut is Now Europe’s Most Valuable Startup
Revolut is now valued at $45 billion and is the most valuable startup in Europe. The startup’s valuation rose following a secondary Revolut share sale by employees. According to Reuters, Revolut’s valuation announcem... -
Wise Expansion Plan Targets India’s $32B Outbound Remittances
Fintech company, Wise Payments Limited has announced plans to sign up customers from India. According to Yahoo Finance, Wise India’s expansion will see the fintech company seek a bigger portion of India’s oversea... -
Meridien Boost NYSE Listing Plans with DKK Merger
U.S financial company, Meridien Holdings has acquired a 27% stake in London-based DKK partners. The Meridien-DKK stake comes at a time when the holding company is listing on the New York Stock Exchange. According to Tech... -
Galileo Unveils New Wire Transfer API to Power US FinTechs
Leading fintech company, Galileo Financial Technologies, has unveiled an in-demand wire transfer API for fintechs. The service enhances Galileo wire transfer capabilities, allowing fintechs to provide their customers wit... -
Fintech Valuations Plunge as Investment Focus Shifts
The fintech industry is at its lowest, thanks to plunging valuations and reduced funding. This is according to Fintech Investors and Executives who attended the Money20/20 event last week in Amsterdam. CNBC suggests the ... -
HSBC Ember Partnership to Ease Tax Accounting Burden for UK Businesses
HSBC UK has tapped Ember’s intuitive tax accounting software to support its My Business Finances digital banking platform. According to Yahoo Finance, the HSBC Ember partnership will make Ember’s services accessible ... -
Next-Gen Finance With 7 Exciting Fintech Innovations in 2024
Introduction FinTech is at the forefront of modern technological developments. With the FinTech space being worth over $179 billion, startups and innovators are all finding the next big thing in finance and banking. This... -
What is Cryptocurrency? Definition, Types, and Mining
Cryptocurrency has taken the world by storm. It is an innovative concept that can potentially change the way transactions are carried out, particularly in a digital environment where trust and security are paramount. Eve... -
Top NFT Marketplaces to Trade-in
Introduction NFTs are the most trending topic nowadays. Recently you have seen people talk about selling and buying Images, posters. GIFs, videos, etc. These million-dollar artworks are called NFTs. Let’s discuss more ... -
AI In Banking: How will Artificial Intelligence Change the Banking Industry?
Introduction Artificial Intelligence is at the heart of a seismic shift in the financial industry. It has already started to empower banking organizations to redefine operation, establish innovative products and services... -
Top 5 Real World Applications of Blockchain Technology
Introduction With more and more fields moving onto the digital platform, the number of newer technologies vying for competition in the online realm has never been so high. One such technology is blockchain which stands i...
