Author: nripn

Mortgage applications expected to become faster after All over the country joined forces with Experienced to automate the controls necessary to verify a client’s income. Through Experian Work Report™’s income and employment verification service, Nationwide is able to instantly digitally confirm homebuyers’ reported income, eliminating the need for applicants to provide manual income proof, such as copies of their pay slips. As a general rule, a mortgage decision is in principle subject to income verification. This can create uncertainty and delays for both clients and brokers. By integrating Work Report™ into its application journey, Nationwide is further streamlining and automating…

Nigerian government has started deducting electronic N50 levy from transactions of N10,000 and above made by users of financial technology (Fintech) companies including Opay, Moniepoint, Kuda and others. The levy on electronic money transfers (EMTL), established within the framework of the Finance Law 2020imposes a one-time fee of N50 on persons receiving any electronic payment or transfer of N10,000 or more and was previously scheduled to begin on September 9. However, the EMTL rollout has been met with backlash from Nigerians, with many groups including the National Association of Nigerian Students (NANS) urging the Nigerian government to reconsider its decision…

Nvidia’s latest record quarter shows its AI dominance remains intact Last week, Nvidia Corporation (NASDAQ: NVDA) released its third quarter results, beating both sales and profit estimates and posting better-than-expected current quarter guidance as end customers including Microsoft Corporation (NASDAQ: MSFT), Open AI and Oracle Corporation (NYSE: ORCL), have started to receive its next-generation AI chip, the powerful Blackwell, which is now in full production. For the quarter ended October 27, Nvidia reported that its revenue jumped 94% year-over-year to $35.08 billion, beating LSEG’s estimate of $33.16 billion. But this is a quarterly slowdown as sales increased by 122%, 262%…

SUMMARY India’s fintech sector, expected to grow to a $2.1 billion market by 2030, continues to struggle with issues such as manual intervention, ineffective credit scoring and fraud detection . However, a new generation of GenAI startups are disrupting the financial services industry with their India-specific vertical AI solutions. According to Inc42’s ‘The Rise Of India’s GenAI Brigade Report, 2024′, the fintech sector is investors’ top choice for vertical GenAI solutions. “In the last 40 years, nothing has been this big. It’s bigger than a PC, it’s bigger than mobile, and it’s going to be bigger than the Internet by…

We recently compiled a list of 15 AI Stocks Making Headlines. In this article, we’ll take a look at where QUALCOMM Incorporated (NASDAQ: QCOM) ranks in relation to other AI stocks. Perplexity, the California AI startup challenging Google’s dominance of the internet search market, plans to develop a $50 device that would bring the conversational search capabilities of the platforms it offers to the consumer market. Aravind Srinivas, CEO of the company, recently posted a post on social media platform X and said that the company would definitely sell such a device if the post got more than 5,000 likes.…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthTHE Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to address the pressing financing challenges facing MSMEs in Asia and the Pacific.This collaboration, facilitated by the Mastercard Center for Inclusive Growth, will initially focus on seven countries in the region: Georgia, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.Leveraging a US$5 million grant MasterCardThe initiative will provide financial institutions with de-risking capital, performance incentives and capacity building to encourage lending to MSMEs.The program will prioritize MSMEs led or owned by women…

Kaustov Kashyap(pragatigroup08@gmail.com)Ohver the last few years, fintech, or financial services and technology, has been a game changer in India. This has been critical in providing the BFSI sector with a digital toolkit that enables it to thrive and better serve its customers. The sector has reshaped the job market by providing a wide range of profitable career options in a variety of fields for both entry-level and experienced professionals. Because this industry is technology-driven, it always needs qualified personnel. The key functions of Fintech are broadly divided into six categories:Technology and productAccording to a recent study titled ‘India’s Current Hiring…

We recently published a list of 15 AI News That Broke the Internet. In this article, we’ll take a look at where Micron Technology, Inc. (NASDAQ: MU) stands in relation to other AI news that broke the internet. OpenAI has been making headlines in the field of artificial intelligence since its existence, and it seems like the company has something new to share almost every day. However, not all news regarding the company is positive. In the latest news shared by The Washington Post, OpenAI has suspended access to its latest highly anticipated video generation tool, Sora. The suspension followed…

SUMMARY Sequoia Capital is in advanced discussions to invest in Bangalore-based fintech startup Vance If the deal goes through, it would be Sequoia Capital’s first investment in an Indian startup since splitting its India and Southeast Asia operations. Founded in 2022, Vance offers non-resident Indians a neobanking platform through which they can make cross-border payments in India More than a year after the split of its Indian entity, the venture capital company Sequoia Capital is reportedly considering a return to Indian soil. The California-based venture capital firm is in advanced discussions to invest in Bengaluru-based fintech startup Vance, TechCrunch reported,…

State Street, a financial services group, is reportedly exploring the potential acquisition of Société Générale Securities Services, the securities and custody business of French mobility banking and leasing conglomerate Société Générale, according to early reports from Bloomberg. Sources close to the matter were cited in the Bloomberg article on Wednesday, April 17.According to the news agency, State Street has started preliminary discussions regarding this potential acquisition, with Société Générale valuing the company at more than one billion euros.Société Générale’s latest quarterly report reveals that SGSS experienced a notable drop in turnover of 47.6% in the last quarter of 2023, for…