Author: nripn

GrowxCD Finance Secures B Series Funding to Expand Growth NBFC startup GrowxCD Finance is set to launch its Series B funding round, aiming to raise ₹200 crore (approximately $22.7 million). The funding is spearheaded by Switzerland-based Blue Earth Capital, with participation from existing investors Prosus, Lok Capital, and UC Rounter. Previous Funding Success Earlier this year, GrowxCD raised ₹50 crore in its previous funding round, backed by Lok Capital and UC Rounter. This recent move reflects the company’s growing influence in the non-banking financial company sector. Details of the B Series Funding The GrowxCD board of directors has approved a…

The Push for Explained AI in European Finance The European finance sector is increasingly advocating for the adoption of “explained AI” in financial systems. This initiative aims to place clear explanations at the core of artificial intelligence technologies used by financial institutions. The objective is not only to build trust among consumers but also to ensure adherence to compliance and risk management protocols. Understanding Explained AI Explained AI refers to systems designed to provide transparency regarding their decision-making processes. This is particularly crucial in financial services where AI technologies are utilized for various applications, ranging from credit scoring to fraud…

The cryptocurrency landscape is buzzing again as the Pi Network draws attention amid rumors of impending delistings from major exchanges like OKX and Mexc. The latest speculations claim that these exchanges may halt support for Pi token trading, leading to heightened anxiety among investors. Current Situation of the Pi Network Alarm bells have been ringing after reports surfaced indicating that OKX intends to suspend new loans for Pi/USDT margin pairs, with full suspension reportedly planned between August 27 and 28. This action could severely impact liquidity and raise concerns regarding institutional confidence in the token. Panic Among Investors These rumors…

The Importance of Transparency in AI-Driven Financial Services Artificial Intelligence (AI) is revolutionizing the financial industry, but its impact on consumer trust hinges on transparency in decision-making. Concerns Over AI in Financial Decision-Making The CFA Institute recently issued a warning regarding the growing reliance on AI technologies in financial services. They emphasize that a lack of transparency in these systems could undermine confidence among consumers and stakeholders. As AI is increasingly employed in critical areas such as credit ratings, investment management, insurance underwriting, and fraud detection, the demand for clear explanations has never been greater. According to a new report…

Viyona Fintech Gains NPCI Approval to Expand Digital Payment Solutions Viyona Fintech, a digital payment platform renowned for its innovative digital coaching services in Hyderabad, has successfully secured approval from the National Payments Corporation of India (NPCI). This important milestone positions Viyona Fintech as a third-party candidate supplier (TPAP) and paves the way for its ambitious plans in the digital payments landscape. Accelerating Unified Payment Interface Services The recent approval is set to accelerate Viyona’s plans to deliver Unified Payment Interface (UPI) services, collaborating closely with partner banks. This strategic move aims to broaden the access to digital payments in…

Blackline Achieves ISO 42001 Certification for AI Management The groundbreaking IA management certification affirms the governance and confidence in the studio360™ platform, the Foundation for Blackline’s Verity™ AI. LOS ANGELES, September 10, 2025 / Prnewswire / – Blackline, Inc. (Nasdaq: BL) announced today that it has received the ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS). This certification provides a reliable foundation for Verity, an extensive suite of AI capabilities from Blackline. Setting New Standards in Financial Confidence The announcement coincides with the launch of Verity, a suite of integrated and verifiable AI tools. The ISO 42001 certification…

Float Secures Funding to Revolutionize Credit Payment Solutions in South Africa Float, a groundbreaking payment platform associated with four-year credit cards, has successfully secured $2.6 million (approximately 46 million rands) in funding. This investment round was co-directed by Invenfin and Saad Investment Holdings, with contributions from all existing investors, including Platform Investment Partners. Notably, Lighthouse Venture Partners also took part in the funding and provided advisory support. Strategic Growth and Technological Advancement The newly acquired funding will bolster Float’s operations in South Africa, enhance its technology platform, and set the stage for future market expansion. The company has already demonstrated…

Blackline Achieves ISO/IEC 42001:2023 Certification for AI Management System The inaugural IA management certification for Blackline’s Verity AI, supported by the Studio360 platform, establishes new standards in AI governance. LOS ANGELES, September 10, 2025 / Blackline, Inc. (Nasdaq: Bland) has announced that it has successfully obtained the ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS). This accreditation serves as a trustworthy foundation for Verity, Blackline’s complete suite of AI capabilities. The Significance of ISO/IEC 42001 Certification This certification aligns with the introduction of Verity, an integrated AI suite that underpins Blackline’s commitment to ethical, transparent, and responsible AI…

Enhancing Financial Functions with AI: A Strategic Approach The Challenge of AI Initiatives In today’s rapidly evolving business landscape, many AI initiatives begin with exciting technology or innovative use cases. However, these projects often falter due to a lack of focus on addressing immediate and measurable commercial challenges. To maximize the benefits of AI, it is crucial to align these initiatives with tangible business needs. Starting Small, Thinking Big The most successful financial functions typically start with small, deliberate steps. By leveraging real operational data and listening to customer concerns, organizations can build effective AI solutions that address pressing issues.…

Venturesouq Launches Second Fintech Fund, Expanding MENA Investment Opportunities Dubai, United Arab Emirates – Venturesouq, a venture capital firm based in the CCG, has officially closed its second fintech fund, aptly named Fintech Fund II. This milestone cements the company’s reputation as a leading investor within the MENA region, setting a robust foundation for the area’s burgeoning fintech ecosystem. Strategic Partnerships Fuel Growth Supported by esteemed limited partners, including the Jada Fund of Funds, Saudi Venture Capital Company (SVC), Saudi Bank Awwal (SAB), Mubadala Investment Company, and others, Fintech Fund II is poised to make significant investments. The fund will…