Amazon.com announced on Tuesday that its cloud computing division, Amazon Web Services (AWS), plans to invest $11 billion in Georgia to expand infrastructure supporting cloud computing and AI technologies. This
After a turbulent period, the fintech industry is poised for regulations in 2025. Following years of challenges—ranging from venture funding shortages to layoffs and scaled-back ambitions—key factors such as interest-rate
The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have approved PayRetailers, a leading payments processor in Latin America and Africa, to acquire Transfeera, a
The Securities and Exchange Commission (SEC) has announced its intention to implement globally-aligned regulations for Nigeria’s fintech sector. This initiative aims to position the country’s financial technology landscape on par
Affirm Holdings, a leader in the "buy now, pay later" (BNPL) sector, has announced its largest capital commitment through a new partnership with private credit firm Sixth Street. Sixth Street
Nigeria-based fintech startup JuicyWay has officially launched out of stealth mode, announcing a $3 million pre-seed funding round to improve cross-border payments using stablecoin technology. Simplifying Global Payments Founded in
The Central Bank of Nigeria (CBN) fined Moniepoint and OPay N1 billion each during the second quarter of 2024, taking a significant step to strengthen its oversight of the growing
The National Information Technology Development Agency (NITDA) has sounded the alarm on Grandoreiro, a sophisticated banking malware threatening African financial institutions and their customers. Originally emerging in Latin America, Grandoreiro
Tesla Inc. (TSLA) is preparing for a legal fight over CEO Elon Musk’s $56 billion compensation package. The company is set to appeal a ruling by Delaware’s top Chancery Court
Google Cloud (GOOGL.O) recent partnership with Air France-KLM (AIRF.PA) is to implement generative artificial intelligence (AI) into the airline group’s operations. Announced on Wednesday, this collaboration leverages the extensive data