Author: nripn

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthDigital financial services (DFS) in Southeast Asia (SEA) are on a remarkable growth trajectory, with revenues projected to increase by 22%, from US$22 billion in 2022 to US$33 billion in 2024 , according to a new report from Google, Temasek and Bain and Company. said.The e-Conomy SEA annual report explore trends and outlook for SEA’s top five digital sectors, namely e-commerce, travel, food and transportation, online media and digital financial services.It covers the status and outlook of the SEA technology landscape in the six major countries in…

How do you think AI will influence the world of finance over the next 10 years?Jean-Pierre Faber: “The transformation of banks’ business models continues, with increasing automation of internal processes and customer interactions, as well as greater personalization of services. The integration of decision support tools for eco-responsible investments and real-time fraud detection will be essential, meeting customers’ expectations of transparency and security. In this context, it also becomes crucial to educate and train the younger generation on the risks of adopting AI in financial services. Indeed, a better understanding of the technological and ethical issues associated with algorithms will…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthFintech unicorn born in Australia Airwallex launched Airwallex Impact, a global social impact program backed by a 1% equity commitment, currently valued at over US$56 million.This commitment ensures a sustainable source of funding as it grows in value with the company, aligning Airwallex with the Pledge 1% movement.The company joins Atlassian, Canva, Salesforce, Airbnb, Okta and Reddit in dedicating resources to social causes with the 1% movement commitment,Airwallex Impact will focus on offering scholarships, financial operations training and startup incubation programs.The company will also expand its existing…

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – November 11, 2024 – AI has already had a profound impact on financial markets. Its ability to predict trends, execute trades quickly and manage risk fundamentally transforms investment strategies. Since it allows businesses to deliver an enhanced user experience with improved accuracy and personalization, businesses have started adopting this technology and implementing AI-based solutions. NVIDIA 2024 Survey found that more than 60% of financial services companies have already integrated AI into their processes, while 25% are actively considering doing so. These companies are using AI to improve decision-making, streamline operations, and improve…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthThe Bank for International Settlements (BIS) announced the appointment of Pablo Hernandez de Cos as the next CEO.His five-year term will begin on July 1, 2025, succeeding Agustín Carstens, whose term will end in June 2025.Hernández de Cos brings extensive experience in central banking and international finance.He was Governor of the Bank of Spain from 2018 to June 2024, during which time he was a member of the Governing Council of the European Central Bank and chaired the Basel Committee on Banking Supervision.He also held positions on…

Visa has announced new investments in four African fintech startups from the first cohort of its Visa Africa Fintech Accelerator program. The specific amounts invested in each startup were not disclosed. The selected startups include OZÉ from Ghana, which provides integrated financial services to small and medium enterprises (SMEs).Workpay from Kenya is an HR technology platform that supports payroll and compliance. Pngme from Nigeria offers digital address verification. Orda, based in Nigeria, Kenya and South Africa, is a restaurant software provider that digitizes the operations of more than 1,500 restaurants.Visa supports fintech growth in Africa The Visa Africa Fintech Accelerator,…

The Straits Times How AI is boosting finance Financial institutions are already using AI to assess credit and detect fraud. Read more at straitstimes.com..4 hours ago

Hyderabad: With an aim to revolutionize the FinTech education landscape in India, Chitkara University has officially launched the Dr Raj P Narayanam FinTech Center of Excellence at its Rajpura campus in Punjab. The center, the first of its kind in a university setting, aims to meet the growing demand for skilled professionals in the growing fintech sector, by providing students with a unique blend of academic learning and industry expertise.The launch of the Center marks a significant milestone in India’s ambition to lead the global FinTech revolution by equipping young professionals with the skills needed to excel in this dynamic…

Picture: https://www.getnews.info/wp-content/uploads/2024/11/1731352433.jpegQuasar Markets celebrates a double win at the 2024 FinanceFeeds Awards for fintech and AI innovation. Quasar Markets (https://quasarmarkets.com/), a leading financial services platform founded by Steven E. Orr, has been crowned a winner in two categories at the 2024 FinanceFeeds Awards, winning Fintech Startup of the Year and AI Startup of the Year.Picture: https://lh7-rt.googleusercontent.com/docsz/AD_4nXd4YhmQrqOFW5GlBSW5T0QSJaP1eKTMLPYwQu RZSK s08Ip-jeaiwlZA?key=yez5MfxXWejDcWC8hWoKtmS-Launched with the aim of becoming “the Amazon of finance”, Quasar Markets is distinguished by its approach integrating artificial intelligence (AI) and Web3 technology to create a dynamic and personalized financial experience for institutional and retail traders.The story of Quasar Markets began when…

Home page > News > Finance > Singapore launches fintech center to promote AI and tokenization Singapore has launched a new financial technology center to strengthen its efforts in digital payments, tokenization, digital assets and artificial intelligence (AI). Known as the Global Finance & Technology Network (GFTN), it will incubate startups and catalyze the growth of the country’s fintech sector. It replaces Elevandi, a non-profit organization established by the Monetary Authority of Singapore (MAS) to promote the growth of fintech in the Southeast Asian country. Elevandi was the organizer of the popular Singapore Fintech Festival. MAS established the Global Finance…