Top tech news today: December 17, 2024

Tech News Summaries

Fintech leaders to gather in Riyadh for Money20/20 Middle East

Fintech leaders will converge in Riyadh for the inaugural Money20/20 Middle East event in 2025, showcasing regional innovation and growth in fintech.

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Millions of UK savers unaware of pension pots’ risks

Millions of UK savers are unaware of the financial risks posed by unmonitored pension pots, potentially jeopardizing their financial security in retirement.

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Paxos and Standard Chartered team up to improve stablecoin reserve management

Paxos and Standard Chartered have partnered to revolutionize the management of stablecoin reserves, enhancing financial market infrastructure.

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Fintech platform Current raises $200M amid strong growth

Current, a rapidly growing fintech platform, has secured $200 million in funding to continue expanding its digital banking services and offerings.

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Sofi Bank and Galileo streamline enterprise travel expense solutions

Sofi Bank and Galileo have partnered with Mesh Payments to offer streamlined travel and expense solutions for businesses, enhancing operational efficiency.

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Visa Direct ensures real-time transfers under 60 seconds for US accounts

Visa Direct has introduced technology that guarantees real-time bank transfers in under 60 seconds for US-based accounts, improving financial transactions.

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Payabl partners with Work in Fintech to inspire the next generation

Payabl has teamed up with Work in Fintech to inspire and encourage the next generation of talent to enter the fintech industry, driving innovation.

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Fis to acquire UK-based fintech Demica for $300M

Fis is set to acquire Demica, a UK-based fintech, for $300 million, aiming to expand its supply chain finance and asset management capabilities.

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US TaaS provider Gigs lands $73M Series B funding

Gigs, a US-based TaaS provider, has raised $73 million in Series B funding, led by Ribbit Capital, to expand its platform’s capabilities.

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First Abu Dhabi Bank taps Broadridge to enhance securities finance

First Abu Dhabi Bank has partnered with Broadridge to enhance its securities finance business, improving operational efficiency and service offerings.

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Crypto firm acquires Liberty Road Capital and partners with Xapo Bank

A Nasdaq-listed crypto firm has acquired Liberty Road Capital and formed a partnership with Xapo Bank to expand its global financial services.

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Peanut Squirrel cease and desist in Binance IP dispute

Peanut Squirrel has issued a cease and desist order amid an intellectual property dispute with Binance over unauthorized use of its branding.

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APIGA Australia 2024: event wrap

The APIGA Australia 2024 event explored key issues in the Asia-Pacific region, focusing on internet governance and collaborative approaches to digital transformation.

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2024 World Internet Conference Wuzhen Summit wraps up

The 2024 World Internet Conference in Wuzhen concluded with discussions on the future of the internet, AI, and the role of governments in digital transformation.

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Europe Iris2 broadband deal to boost connectivity

The Iris2 broadband deal aims to improve internet connectivity across Europe, enhancing digital infrastructure and supporting economic development in the region.

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China Starflash plans universal remotes standard

China’s Starflash has proposed a new universal remotes standard, aiming to streamline device interoperability across the technology sector.

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Macquarie eyes billions for eDotCo investment

Macquarie is looking to invest billions into eDotCo, strengthening its position in the global telecom infrastructure market.

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Telia claims to be first with nationwide 5G coverage in Norway

Telia has announced it is the first to deliver nationwide 5G coverage in Norway, marking a milestone in its telecom network expansion.

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Ofcom promises swift action on online safety regulation

Ofcom has pledged quick action to enforce stricter regulations on tech firms regarding online safety, aiming to curb harmful content and ensure user protection.

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UK mobile operators could save £40M with spectrum fee cuts

Ofcom is considering spectrum fee cuts for UK mobile operators, potentially saving them £40 million, which could benefit consumers through better services.

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New antenna tech promises flexible 6G signal boost

Innovative antenna technology promises to enhance 6G signals, offering flexible and high-capacity solutions to support the next generation of wireless networks.

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AtNorth secures 30 hectares for mega data centre in Sweden

AtNorth has acquired 30 hectares in Sweden to build a massive data centre, supporting the growing demand for cloud and AI infrastructure in the region.

Nikita-Jiang

Nikita Jiang

Nikita Jiang is a dedicated journalist at Blue Tech Wave specializing in culture and technology. She holds a Bachelor's degree from King's College London and a Master's from the University of Manchester. Connect with her at n.jiang@btw.media.

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