Author: nripn

In the evolving financial landscape, technological innovations such as the Internet of Things (IoT) and artificial intelligence (AI) are reshaping the way payments are processed, risks are managed and financial services are delivered. These advancements create smarter, more efficient systems that not only streamline transactions but also provide increased security and transparency. Here’s an in-depth look at how IoT and AI are transforming payment systems and revolutionizing risk management in the financial industry. 1. IoT in Payment Systems: A New Era of Convenience and Security The Internet of Things refers to the network of physical devices, vehicles, buildings and other…

Swiss fintech startup nsave has raised $18 million in a Series A investment round led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures and Proton Foundation.EditorialThis content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community. Founded in 2022, nsave offers international foreign currency accounts in Euros, US Dollars or British Pounds for individuals from countries facing economic instability or high inflation.Its clients include young professionals who go abroad and face proprietary compliance processes because of their country of birth, as well as people from high-inflation…

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Between January 6 and January 11, 2025, up to 20 startups from various sectors raised $459.8 million in funding from investors. These sectors include Proptech, Hospitality, Sportstech, Skincare, NBFC, Healthtech, Fintech, AI, Deep Energy, EV, SaaS, Food and Security. Last week, Indian startups raised over $33 million, with Mufin Green Finance alone raising $18 million. Between January 6 and January 11, 2025, up to 20 startups from various sectors raised $459.8 million in funding from investors. These sectors include Proptech, Hospitality, Sportstech, Skincare, NBFC, Healthtech, Fintech, AI, Deep Energy, EV, SaaS, Food and Security. Last week, Indian startups raised over…

Indian companies are setting up fintech partnerships to the Singapore Fintech Festival led by the State Bank of India’s launch of an innovation hub in the city-state. The State Bank of India (SBI) Innovation Center was launched in partnership with APIX, a leading Singapore-based global collaborative innovation platform for financial institutions and fintech, at the festival being held from November 6 to 8. This is to provide a dedicated space for fintechs, startups and innovators from around the world to design next-generation financial solutions tailored to meet the digital needs of SBI’s diverse customer base. The initiative aims to drive…

Securities.ioBreaking News on Disruptive Technology & FintechProviding the latest industry news and analysis on disruptive technologies, digital assets and digital securities..1 week ago

Paige Smith(Bloomberg) — Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a U.S. consumer protection agency said Monday.The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required participants in the Spark Driver program to be paid through high-cost accounts or be fired.“Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said in a statement after the agency sued the two companies before the United States District Court for the District of Minnesota.Neither…

While the market is down, a new AI-based project has made progress. The project in question is RCO Finance (RCOF)is currently holding a token presale for the best AI agent the market has ever seen! Namely, RCO Finance hasn’t launched yet, but when it does, it’s expected to change the way we trade forever. With such promise in store, let’s see what makes RCO Finance and its AI agent so great! RCO Finance: A world of possibilities at your doorstep So, what exactly is RCO Finance? In simple terms, it is a SolidProof audited financial platform that gives you access…

Digital banking startup Freo narrowed its net loss by 64.54% to INR 14.16 Cr in the financial year 2023-24 (FY24), from INR 39.94 Cr in the previous year, thanks to improvement in its EBITDA margin. Operating revenue increased by 11% to INR 111.46 Cr in the financial year ended March 2024, compared to INR 99.80 Cr in the previous year. The startup reported an EBITDA loss of INR 12.3 Cr during the year under review, compared to an EBITDA loss of INR 36.6 Cr in FY23. EBITDA improved by 26 percentage points to -11% in FY24, compared to -37% last…

Increasingly, economic growth in the United States relies on investments in artificial intelligence.Today, many consumers interact directly with AI through apps like ChatGPT or through summarized search results on Google or Apple. They may also encounter AI-generated images on social media. But that’s not what drives growth. Rather, it’s about investing in building the raw computing power and electrical infrastructure needed to power these applications, as well as those that may arise from them in the future. Think about data center construction, computer processing chips, information processing equipment, and power transmission equipment. “Where AI has had a direct impact on…