Author: nripn

IDC Financial Insights Ranks the Leading Global Companies Serving the Financial Services Industry MILWAUKEE, September 9, 2024–(BUSINESS FEED)–Fiserv, Inc. (NYSE: FI), a leading global provider of payments technology and financial services, today announced that it has been ranked #1 in the 2024 IDC FinTech Top 100 for the second year in a row. This recognition highlights the central role the company has played in shaping the financial services landscape over four decades and driving the commercial success of thousands of financial institution clients. “In a landmark year – our 40th to provide financial solutions to banks and credit unions, this…

DELRAY BEACH, Florida., October 28, 2024 /PRNewswire/ — The AI in the financial market should reach $190.33 billion by 2030 from $38.36 billion in 2024, with a CAGR of 30.6% over the period 2024-2030, according to a new report from MarketsandMarkets™.AI-based chatbots and virtual assistants are significant growth drivers in the financial AI market, improving customer service by offering 24/7 support and personalized user interactions . AI-based technologies streamline routine tasks such as account management or transaction monitoring, freeing up human advisors for complex cases. By allowing users to make financial decisions, this accessibility expands the services offered to end…

In the dynamic African financial technology (fintech) landscape, invention is the name of the game. Fueled by a wave of financial inclusion and innovation, the sector has rapidly transformed the way Africans manage their money and access essential services, from artificial intelligence (AI)-based solutions that personalize banking and detect fraud, all the way to embedded finance that embeds financial tools in people’s pockets.Five key trends are shaping the future of the African fintech landscape by unlocking growth opportunities and driving positive change in Africa – going beyond mobile money and other traditional fintech trends. Connecting Africa has compiled a list…

Progcap, a fintech company specializing in supply chain finance and catering to micro, small and medium enterprises (MSMEs), has announced plans to digitize entire supply chains, by developing mobile applications user-friendly and other technology solutions to help small businesses manage their transactions. check credit limits and request disbursements on the go.“We are building a complete ecosystem for MSMEs, helping them digitize their operations and become part of the formal economy,” said Pallavi Srivastava, co-founder of Progcap. These efforts are part of a broader campaign for financial inclusion in India. The MSME sector accounts for around 30% of India’s GDP and…

The company is planting trees, reducing its carbon footprint and encouraging other fintech companies to follow suit.Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will have no impact on the integrity or impartiality of our reporting. We…

SINGAPORE, November 7, 2024 /PRNewswire/ — At GFI’s Network and Partner Appreciation Evening, the Global Fintech Institute (GFI) launched the Chartered Fintech Associate (CFtA) certification and signed a Memorandum of Understanding with Banking and Financial Services Union (BFSU), a trade union affiliated to the National Trade Union Congress (NTUC) and the Employment and Employability Institute (e2i) of the NTUC. The launch of the certification aims to meet the growing demand for foundational fintech learning and support professionals in improving their skills and advancing their careers in the finance and fintech sectors. …

Based in Oslo Bislaba fintech startup, secured €1.7 million in a pre-seed funding round to fuel its international expansion. The round was led by Sondo Capital, with additional contributions from angel investors including Frank Vikingstad (Sysco, Viglio), Christoffer Herheim (Optio) and Bent Skisaker (Autostore). Credit scoring and financial crime prevention Bislab, a financial technology startup founded by four entrepreneurs with experience at SafetyWing, Knowit and Accenture, has created an accurate and efficient credit scoring system. The team spent over two years developing the platform from a small apartment in Oslo. Bislab’s API solution enables banks, financial institutions and large enterprises…

As artificial intelligence (AI) continues to advance, its role in preventing financial crime is growing, with organizations now considering AI as a fundamental part of their risk management strategies.Generative AI (gen AI) has opened up new possibilities for financial crime detection, and its adoption in recent years marks a crucial shift for the industry. While AI has long been applied in finance to improve customer interaction, it is now increasingly used to help operational teams identify high-risk activities and investigate unusual transactions, improving thus the effectiveness of financial crime detection.SymphonyAIwhich offers an AI SaaS solution, has recently delved into the…

JOHANNESBURG, October 02, 2024 (GLOBE NEWSWIRE) — Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced that it has completed the acquisition of Adumo RF ( Pty) Ltd (“Adumo”). The transaction was settled by the issuance of 17,279,803 ordinary shares of Lesaka and a cash payment of ZAR232.2 million ($13.4 million), implying a total purchase consideration of 1.67 billion ZAR ($96.2 million) using Lesaka’s closing price of October 1, 2024. Johannesburg Stock Exchange of ZAR 83.05 per share. All amounts in this release have been converted to US dollars at the October 1, 2024 closing exchange…

An inter-ministerial task force has published an interim report inviting public comment on the use of artificial intelligence (AI) in the financial sector. Created at the end of 2022, the team aims to prepare for the growing integration of AI in finance and to establish guiding principles for financial regulation on the subject.Although AI has many benefits in finance, concerns remain about its potential misuse, including the risks of fraud, misinformation and privacy violations, which highlight the need for regulatory oversight. The team includes representatives from the Ministry of Justice, the Ministry of Finance, the Competition Authority, the Securities Authority,…