Author: nripn

Successful collaborations between traditional financial institutions (FIs) and FinTechs are based on a common goal: offering end users the best of both worlds. FinTechs bring speed and innovation, including enabling real-time payments and access to funds, while financial institutions and credit unions bring trust and regulatory expertise. By leveraging their unique strengths, FI-FinTech partnerships enable both to improve financial services without the need to change their core identities. But, like Thursday (October 31) coercive measure filed by the Consumer Financial Protection Bureau (CFPB) against VyStar Credit Union highlights that ensuring appropriate safeguards are in place is crucial to the success…

Cityscape Global 2024 will pave the way for innovation in real estate, says minister RIYADH: Cityscape Global 2024 is expected to drive innovation and sustainable advancements in the Saudi real estate market, expanding growth opportunities, according to a senior official. During the opening day of the event, which will take place in Riyadh from November 11 to 14, Saudi Minister of Municipalities and Housing Majid bin Abdullah Al-Hogail explained that the Kingdom is striving to further develop the sector to achieve the set objectives. the ambitions of the nation. This comes as Saudi real estate is a vital part of…

Nigerian startup ETAP, which creates solutions and incentives to deepen insurance penetration in Africa, has acquired an operational license from the National Insurance Commission (NIC) of Ghana, the first of its kind, allowing it to process claims, collect premiums and provide other innovative solutions. automobile insurance products and services. Launched in April 2022, ETAP offers drivers access to a range of daily, weekly, monthly and quarterly packages to choose from. It uses machine learning to create intelligent risk profiles that determine appropriate premiums for each driver, allowing them to earn lower premiums while driving safely. Using advanced telematics, the driving…

(Bloomberg) — Salesforce Inc. plans to hire more than 1,000 workers to sell its new generative AI agent product. Most read on Bloomberg This hiring wave aims to capitalize on the “incredible momentum” of the new artificial intelligence product, Chief Executive Officer Marc Benioff said in a message. “Agentforce only became available two weeks ago and we are already receiving incredible feedback from our customers. » The best-seller in customer relationship management software, Salesforce this year pivoted its AI strategy to focus on agents, tools capable of performing tasks such as customer support or sales development without supervision human. The…

Chitkara University has launched the Dr Raj P Narayanam Fintech Center of Excellence in collaboration with Fintech giant Zaggle at its Rajpura campus in Punjab.The Center claims to meet the growing demand for skilled professionals in the growing fintech sector.The launch event was graced by Dr. Raj P. Narayanam, Founder and Executive Chairman of Zaggle, and Dr. Ashok K. Chitkara, Chancellor of Chitkara University. Others present were Dr Sandhir Sharma, Vice-Chancellor of Chitkara University, along with faculty and students of Chitkara Business School.A Memorandum of Understanding (MoU) was also signed between Chitkara University and Zaggle to formalize knowledge sharing between…

Quasar Marketsa leading financial services platform founded by Steven E. Orrwas crowned winner of two categories at the FinanceFeeds Awards 2024, capture the Fintech Startup of the Year And AI Startup of the Year securities. 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 Steven Orr, a Wall Street veteran and former chief strategy officer at Money.Net, recognized a gap in the tools and services…

(Reuters) -Taiwan Semiconductor Manufacturing Co (TSMC) (TSM) informed Chinese chip design companies that it was suspending production of their most advanced AI chips starting Monday, the Financial Times reported, citing three people familiar with the matter. TSMC, the world’s largest contract chipmaker, has told Chinese customers it will no longer make AI chips on advanced process nodes 7 nanometers or smaller, the FT reported on Friday. The United States has imposed a series of measures aimed at restricting the shipment of advanced GPU chips – which enable AI – to China in order to hamper its artificial intelligence capabilities, which…

The latest research report on “Financial Technology Market” provides an in-depth analysis of current market trends, growth drivers, and emerging opportunities. It takes an in-depth look at the supply chain dynamics, policy developments, and product classifications that are shaping the market landscape. With detailed profiles of key industry players, the report highlights their product portfolios, production capacities, pricing strategies, and revenue sources. This comprehensive analysis provides industry players with the information needed to effectively navigate the competitive landscape of the FinTech market, enabling them to make informed strategic decisions to capture growth potential.Go through the full report on – https://www.themarketintelligence.com/market-reports/fintech-market-1937Who…

November 11, 2024 Written by FinTech Alliance in Financial Technology A recent LawDeb survey shows that 29% of UK employees use AI in their work, and 10% of them rely on it for a significant part of their role. Men, particularly those aged 25-34 in London, are more likely to use AI, with 34% of men using it compared to 25% of women. However, comfort levels vary, with more than a third (37%) of workers reportedly not comfortable with AI at all, citing reasons such as lack of knowledge, ethical concerns or fear of repercussions.Patrick Davis, Head of Corporate Secretarial…

AI-powered transaction monitoring, sanctions screening and fraud prevention deliver proven benefits as adoption gains tractionNew study from SymphonyAI and Regulatory Asia finds legacy systems, data quality, model explainability, data privacy and regulatory uncertainty hinder adoption of AI in crime compliance financial.Only 15% of Asian financial institutions report “advanced” integration of AI into their compliance functions, leaving significant untapped potential.Financial crime, particularly money laundering, represents a growing threat, accounting for up to 6.7% of global GDP.Palo Alto, Calif. (ANTARA/PRNewswire) – SymphonyAI, a leader in predictive and generative artificial intelligence (GenAI) SaaS products for the enterprise, today launched a new report with…