Author: nripn

From Niche Alternative to Financial Powerhouse Private credit has graduated from financial wallflower to the belle of the capital markets ball. Now, it generates headlines that used to be for big IPOs. It has moved from being an alternative investment to a mainstream player. Assets under management reached $1.5 trillion in 2024, according to recent economic news and market trends. They are expected to grow to $2.6 trillion by 2029. This shift shows a major change in global lending. This remarkable transformation stems from three converging forces: Let’s explore what’s fueling this boom and what pitfalls lurk beneath the surface.…

The Transformative Role of AI in Financial Management Artificial intelligence (AI) has emerged as a crucial stabilizing force within the financial sector. The shift from mere media speculation to tangible advancements enables Chief Financial Officers (CFOs) to plan for future disruptions with greater accuracy and efficiency. Understanding AI’s Impact on Financial Operations To explore how financial directors leverage AI to create more responsive financial environments, IBM IBV conducted three comprehensive research studies. These studies focused on the metrics that financial organizations utilize to assess their AI initiatives, how AI-driven processes enhance operational performance, and how seasoned AI adopters measure their…

The Future of Banking: How AI and Automation Are Transforming the Industry When was the last time you visited a bank branch? For many, the answer is “I don’t even remember.” The days of waiting in line to deposit checks or request loans are fading fast. Today, banking is predominantly conducted through our smartphones. With just a few taps, you can transfer money, check your balance, or even invest in stocks. The shift to digital banking is not slowing down, and the evolution is just beginning. The Evolution of Banking Operations The real transformation in banking isn’t limited to moving…

Free Newsletter Subscribe for the latest updates on Singapore’s booming news, delivered to your inbox monthly. The Remarkable Growth of Thailand’s FinTech Industry The FinTech sector in Thailand has witnessed an impressive surge of 82.47% over the past five years, spurred by widespread adoption of digital financial services. A recent report by the News Network Fintech highlights this momentum, showcasing the sector’s vibrant growth trajectory. FinTech Landscape in 2025 The newly launched Fintech Thailand MAP 2025 indicates that Thailand is now home to 177 FinTech companies, a significant increase from just 97 in 2020. This represents a remarkable annual growth…

Mobikwik Reports Significant Losses for FY2025 Despite Growth in Payment Activities Mobikwik, a prominent Fintech platform based in Gurugram, has reported a substantial loss for the financial year 2025, reversing its profitability from the previous year. The financial downturn can be attributed to rising costs and a decline in credit activity, despite notable gains in payment processing. Financial Performance Overview In the fourth quarter of FY2025, Mobikwik recorded a net loss of ₹56 crore, marking a sharp decline from the loss of ₹67 lakh in Q4 FY2024. For the entire financial year ending March 31, 2025, the company registered a…

AvidXchange Reports on Financial Health in Media and Advertising Agencies Amid Economic Uncertainty Charlotte, NC, May 20, 2025 (Globe Newswire) – AvidXchange Inc. (NASDAQ: AVDX), a leading provider of automation and software solutions for accounts payable (AP), has unveiled the findings from its 2025 health survey today. Key Findings from the 2025 Health Survey The survey, which included interviews with financial leaders from American media and advertising agencies, highlighted increasing apprehensions surrounding cash flow management and a growing inclination towards AI-driven solutions aimed at enhancing financial health. Critical Financial Priorities Agencies identified income growth (92%), data protection (91%), and fraud…

Chique Revolutionizes Financial Access with Over 5 Million Users New Delhi (India), May 20: The Mumbai-based fintech platform, Chique, has achieved a remarkable milestone, surpassing 5 million users within just one year of launching on the Google Play Store. Bridging the Financial Gap Quid, an AI-driven financial technology platform, is dedicated to making loans accessible to all Indians while bridging the crucial gap between borrowers and RBI-approved banks and NBFCs. This innovative fintech solution simplifies the process for individuals and businesses to discover suitable financial products, including personal loans, commercial loans, and credit cards tailored to their specific needs. Founder’s…

The Transformative Role of AI in Financial Services Artificial Intelligence (AI) is no longer a future possibility; it’s actively reshaping financial services. This technological evolution is influencing how institutions approach risk management, regulations, customer experiences, and innovation. From enhancing fraud detection to modernizing data architectures, financial organizations are leveraging AI to not only adapt but also lead in a competitive landscape. With the maturation of business quality tools and the expansion of cloud platforms like Amazon Web Services (AWS), financial institutions are deploying AI in impactful ways. They are exploring new channels for value creation while responding to the demand…

Wave: Revolutionizing B2B Credit Automation with €3.2 Million Seed Round British startup Ontik has successfully raised a €3.2 million seed round, surpassing its original goal of €1.7 million. This funding will help Ontik automate commercial credit processes for B2B wholesalers, a sector that heavily relies on outdated manual practices. Investment Driving Innovation in Financial Technology The investment round was spearheaded by First Instance Capital, with contributions from notable investors including PT1, Illusian, Fj Labs, Seed X, and Tiny VC, along with strategic angel investors such as the founders of Soft and Affirm. Enhancing Efficiency for B2B Wholesalers Chris Smith, co-founder…

Affiniti: Redefining Financial Management for Small Businesses with AI A startup has set its sights on revolutionizing the financial landscape for the 33 million small businesses in the U.S. With a significant new financing round, Affiniti aims to enhance the role of AI agents as essential tools for small and medium-sized enterprises (SMEs). New Funding Boost Affiniti recently secured $17 million in Series A funding, led by Signalfire. Notable participants in the financing round include Contraring Thinking Capital, Continue, Indicator Ventures, Lightshed Ventures, Riverpark Ventures, as well as influential figures such as Yahya Mokhtarzada, founder of Rocket Money, and Austin…