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Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthGlobal insurance technology company bolttech secured a $50 million subprime credit facility from HSBC.The funding is intended to support Bolttech’s market expansion, technological development and operational flexibility.The multi-year credit facility is structured for flexible use, allowing Bolttech to explore opportunities in the integrated insurance market.HSBC, Bolttech’s banking partner since 2019, has supported the company’s growth in over 14 countries through a range of banking and financial services.The facility also fits into HSBC’s wider strategy to support growth-stage businesses in sectors such as technology and life sciences.Since May…

Three years after India unveiled the Account Aggregator, or AA, framework to facilitate consented sharing of consumers’ financial information, many gaps still plague the system that was rolled out as a global network linking various regulators and market players.The account aggregation framework aims to give individuals greater visibility and control over all their financial data in one place. It also aims to facilitate wealth management and access to credit, by allowing individuals to securely share relevant financial data with other platforms.Fintech startup Fold Money is a digital platform connected to the account aggregator framework. Among other services, Fold allows its…

Diving brief: A majority (57%) of CFOs surveyed expect their departments will be smaller by 2026 following the adoption of AI in the financial director’s officeaccording to a report published Wednesday by the company FP&A Datarails and a press release reviewed by CFO Dive. At the same time, 16% expect the number of positions to increase and 27% believe there will be no change. Among those who expect finance departments to shrink due to AI-related changes, the largest share anticipate workforce reductions of up to 30%. In terms of sector, those working in finance, banking and insurance were most likely…

ContributedThis content is sourced or sourced from third parties but has been subject to Finextra editorial review. At the end of last week, the government launched its National Payments Vision. Described as built on three key pillars of innovation, competition and security, it presents welcome details on regulatory coordination and upgrading payments infrastructure, identifies Open Banking and fraud as areas priorities and establishes a Payments Vision Implementation Committee to focus on implementation. Regulatory cooperation, coordination, clarity and consistency The government clearly wants the two main regulators, the Financial Conduct Authority (FCA) and the Payment Services Regulator (PSR), to be more…

Focus on AI. At Money20/20 we spoke to Ed Maslaveckas, CEO of Budwho shared trusted and bold insights into the transformative potential of AI in financial services. While acknowledging the hype, he highlights how it can help and adds to the growing anticipation that the technology could actually add a lot of value to the industry by 2030. We’re also hearing about the emerging role of “agentic AI” that goes beyond recommendations to perform actions on users’ behalf and the potential for fintechs to leapfrog traditional banks in adopting these tools. One thing is certain, 2025 will be a turning…

The awards to ZainTECH, TAMAM and Dizlee demonstrate Zain’s continued innovation in providing digital transformation solutions to businesses and consumers in the region. WEB FEED – Monday November 18, 2024 Zain Group recently received three distinguished awards at the prestigious MEA Business Magazine Technology Achievement Awards 2024, approved by the SAMENA Council, as part of a multi-industry recognition awards program aimed at highlighting significant technological achievements in the ICT industry organized during GITEX GLOBAL 2024. The top prize was awarded in the “Innovative Collaborations and Partnerships” category in recognition of the launch of the strategic go-to-market agreement.…

MoneyLIVE Summit 2025Europe’s leading banking and payments conference, is set to unveil Startup City, an exclusive space designed to connect growing FinTech companies with investors, financial institutions and venture capital teams from foreground. The initiative will be presented at Europe’s leading banking conference, MoneyLIVE Summit, which attracts more than 1,500 senior executives from the banking and payments industry. held it March 10-11 at the Business Design Center in London, Startup City will present a program designed to drive growth in the FinTech sector, including: Dedicated tracks covering growth strategies and scaling opportunities for startups A specialized meeting space for investors…

(Bloomberg) — Samsung Electronics Co. plans to buy back about 10 trillion won ($7.2 billion) of its own shares over the next year, setting in motion one of the largest return programs to the shareholders of its history. Most read on Bloomberg Korea’s largest company will repurchase its shares in stages over the next 12 months, it said in a regulatory filing on Friday. As a first step, it will buy back around 3 trillion won of paper from Monday until February 2025, all of which it will cancel. The board will deliberate on how best to carry out the…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthGlobal insurance technology company bolttech secured a $50 million subprime credit facility from HSBC.The funding is intended to support Bolttech’s market expansion, technological development and operational flexibility.The multi-year credit facility is structured for flexible use, allowing Bolttech to explore opportunities in the integrated insurance market.HSBC, Bolttech’s banking partner since 2019, has supported the company’s growth in over 14 countries through a range of banking and financial services.The facility also fits into HSBC’s wider strategy to support growth-stage businesses in sectors such as technology and life sciences.Since May…

NVIDIA Company (NVDA, Financial) is set to report its third-quarter results two days later, on November 20. Analysts expect NVDA to report stellar third-quarter results, driven by demand for AI products. The Zacks Estimate also reveals that total revenue is expected to increase 81% year-over-year to $32.8 billion and earnings per share to increase 85% year-over-year to $0.74. Nvidia continues to be the market leader in AI hardware and is further developing the already available H100 and H200 models; the Blackwell project has not yet been launched. These next-generation GPUs outperform conventional CPUs in terms of response and superiority, putting…