Author: nripn

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxOver the past two years, some major banks have been hit by very public and prolonged – more than 10 hours – disruptions to their digital banking services.And these are just the incidents we know about. Cases like this highlight the fears bankers may have about moving away from existing systems in the name of innovation.Such unreliability erodes customer trust, impacts revenue and, perhaps most importantly, draws the ire of regulators.This fear factor also makes it more difficult for traditional banks to embrace the digital shift to combat…

Eigencat is an enterprise-backed Fintech startup from the University of Singapore (NUS) that has built a modular digital investment platform for use in the wealth space. It is a B2B supplier with a vision completely redefine the investment process and delivery mechanisms.

71% of organizations use AI in their financial operations 57% of executives say the return on investment exceeds their expectations, compared to 29% of others. Financial reporting is the most common area of ​​use, but it is expanding to include cash management, risk management and taxation. Nearly three-quarters of executives have developed principles and guidelines for the responsible use of AI. HONG KONG SAR – Media OutReach Newswire – December 4, 2024 – New research from KPMG International reveals the considerable scale with which artificial intelligence (AI) is being deployed in the financial operations of organizations – with compelling levels…

On October 8, fintech unicorn Stash announcement that its co-founders, who launched the company in 2015 and whose roles were reduced last year, were returning to the helm of the company they had created. But an important detail was omitted: Stash was also restructuring and 40% of its approximately 220 employees, including at least three of its executives, were unemployed, according to three people familiar with the matter and confirmed by Planque. This was the second major layoff at Stash this year. The changes came just weeks after the abrupt departure of its 2023 CEO, Liza Landsman, at the end…

Endowus is a Singapore-based fintech company that empowers people to take control of their financial future. The company’s proprietary systems provide data-driven wealth advice to develop personalized solutions. Its portfolios are based on access to institutional quality financial products at the lowest possible cost.Endowus is an independent advisor paid solely by its clients, which allows its advice to be unaffected by conflicts of interest. The company offers its end-to-end digital solution to retail and institutional investors. It is licensed by the Monetary Authority of Singapore.

SUMMARY According to multiple sources, Signzy was hit by a cyberattack last week The Computer Emergency Response Team (CERT-In) is “taking appropriate action with the concerned authority”. One of Signzy’s clients, PayU, confirmed that they received written confirmation from the company Fintech SaaS startup Signzy, which counts Gaja Capital, Vertex Ventures and Arkam Ventures among his supporters, would have confirmed a security incident. According to TechCrunch, citing multiple sources, the Bengaluru-based startup was hit by a cyberattack last week. The Computer Emergency Response Team (CERT-In) separately acknowledged to TechCrunch that it was aware of the incident and “in the process…

Ravi Venkatesan, CEO of Cantaloupe, Inc., along with Gaurav Singal, Chief Technology Officer, accept one of two awards recently presented to them by the Technology Association of Georgia. The awards recognized innovation and impact in Fintech. (Photo: Business Wire) Cantaloupe receives the TAG Fintech ADVANCE Award and the Innovation Driven Company Award ATLANTA, November 15, 2024–(BUSINESS FEED)–Cantaloupe, Inc. (Nasdaq: CTLP)a leading global provider of end-to-end technology solutions for self-service commerce, has been recognized by the Technology Association of Georgia (TAG) with two significant awards: the TAG Fintech ADVANCE Award and the Innovation Driven Company Award. These honors celebrate Cantaloupe’s presence…

THE House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as this technology impacts the financial services and housing sectors. President of the HFSC Patrick McHenryR-North Carolina and Ranking Member Maxine WatersD-Calif., has introduced bipartisan measures focused on AI and its impact, the HFSC said in a Monday, Dec. 2. press release. One measure, introduced by McHenry and co-sponsored by Waters, is a resolution (H. Res. 1600) which recognizes the growing use of AI in the financial services and housing industries, according to the release. “Artificial intelligence promises to revolutionize our financial…

At Azzilon, it is a financial technology company that seeks to support its clients with a range of tailor-made solutions, including risk management, with technology at the forefront.Azzilon’s AI-centric system drives the development of their portfolios. It is asset class agnostic and manages the risk-return relationship of investments, providing more stable returns and reducing portfolio volatility. These systems are operated by independent index providers who publish historical and live performance data on channels such as Bloomberg.

The recent introduction of the Direct Power Purchase Agreement (DPPA) framework in Vietnam has increased the interest of local companies in more competitive energy sources. Despite this growing enthusiasm, the high initial costs of photovoltaic (PV) systems remain a major barrier to their adoption. To address this challenge, Solarvest Holdings Berhad, a company specializing in energy solutions, presented its Powervest program in Vietnam at the DEX Connex Vietnam 2024 event, organized by Malaysia Digital Economy Corporation (MDEC). Powervest offers two main financial options suitable for businesses: – Powerflex: Provides full or partial financing (50%), allowing businesses to become co-owners of…