Author: nripn

Free newsletter Get the latest Fintech Malaysia news delivered to your inbox once a month Malaysia’s first digital bank, GXBankcelebrated its first anniversary by unveiling “GX 2.0 – Next Starts Now”, a new phase in the expansion of its services aimed at empowering retail users and MSMEs. This milestone introduces GX FlexiCredit and GX Biz Banking, designed to provide enhanced financial support. This also includes the launch of TeXnovasi, a collaborative program aimed at strengthening Malaysia’s tech startup ecosystem. GX FlexiCredit will be rolled out from November 2024, offering eligible Malaysians credit approval of up to RM150,000 within minutes, as…

The 2024 Earnix The industry trends report found that the insurance sector faces pressing challenges related to AI adoption, modernization of existing systems and compliance pressures.Earnix’s survey of 431 insurance executives shows that 70% of insurers plan to deploy predictive AI models within two years, but less than 30% have fully implemented it. AI today.This gap highlights the slow progress in the transition from traditional systems to advanced technologies.Even as insurers recognize the potential of AI for real-time decision-making, its integration remains a challenge, as many companies cite existing technologies as the main barrier to transformation.Compliance pressures continue to grow,…

Skydo was built with a deep understanding of the challenges exporters face in managing cross-border payments. Founded in 2022 by Srivatsan Sridhar and Movin Jainand operating under the RBI’s Online Payment Gateway Service Providers (OPGSP), the Bengaluru-based fintech has also applied for the Payment Aggregator-Cross Border (PA-CB) license. “Having recently raised $5 million in a pre-Series A round led by Elevation Capital, Skydo is on a mission to make cross-border payments as convenient, cost-effective and transparent as UPI,” says Movin Jain, co-founder of Skydo in an exclusive interaction with Bizz BuzzWhat factors have contributed to cross-border payments remaining an untapped…

By Pratham Barot, CEO and co-founder of Zell Education With the rapid rise of artificial intelligence (AI), many professionals are increasingly wondering about the future of their careers, including coveted positions in finance. AI systems are automating tasks once considered essential to many financial roles, such as data analysis, risk assessment, and even investment advice. While this change may seem troubling, AI isn’t just eliminating jobs, it’s transforming them. The real challenge is staying ahead of the curve, recognizing which skills will remain valuable, and understanding how AI can be integrated into your daily work. Instead of resisting change, finance…

Securities.ioUptober Recap: Has Bitcoin Lived Up to the Hype? And what’s next?Offering the latest industry news and analysis on disruptive technologies, digital assets and digital securities..6 days ago

The dynamic financial technology (FinTech) ecosystem landscape has seen rapid growth, giving rise to a plethora of innovative financial products and opportunities that go beyond the boundaries of traditional finance. In this article, David Mangini, professor of practice at Fairfield University and leading fintech expert, shares his insights on the transformative forces shaping the financial services industry. With a wealth of experience spanning payments, digital currency, digital monetary systems, regulatory governance and strategic consulting for central banks, Mangini brings concrete depth to his analysis. Drawing on this rich experience, he shares an overview of the evolution of FinTech, highlighting its…

Join Finextra at our inaugural event in London at the end of November to redefine the role of AI in financial services and explore the impact of generative AI.EditorialThis content was selected, created and edited by the Finextra editorial team based on its relevance and interest to our community. NextGen: AI will take place on November 26, 2024, almost exactly two years to the day after the launch of ChatGPT in November 2022. The rise of ChatGPT as a natural language for mass consumption marked the beginning of GenAI’s era of democratization, and the financial services industry does not. remain…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthTHE Singapore Fintech Festival (SFF) 2024 will host the first INSPire Forum, an event designed to strengthen the trade and economic partnership between India and Singapore.Organized by IIM Alumni Singapore in partnership with Élevandithe not-for-profit arm of the Monetary Authority of Singapore (MAS), the forum will be the first “event within an event” of its kind.The platform aims to foster dialogue, collaboration and partnerships between leaders, entrepreneurs and policy makers from the two countries.The INSPire Forum will cover key themes such as the transition to renewable energy,…

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Karrastock | Instant | Getty ImagesPeople use artificial intelligence for tasks like writing and editing resumes and cover letters – and even for personal finance advice. While some of this information can be valuable, financial advisors caution that AI shouldn’t be your only resource.A new report from Experienced found that 67% of Gen Z surveyed and 62% of Millennials surveyed are use artificial intelligence to help them with their personal finances. Users say generative AI tools like ChatGPT have helped in areas like saving and budgeting (60%), investment planning (48%), and improving credit score (48%). ).”It’s free. It’s more accessible.…