Author: nripn

BOULDER — A Boulder-based AI technology company is “going for the fences,” after raising $21 million to expand its product to more of the financial world. Brightwave Inc. began raising money in June with a $6 million seed round, and recently raised another $15 million to bring its platform to larger markets. The platform is an AI-generated insight collection tool for diverse asset managers and financial services institutions, ranging from long-short hedge funds and private credit investors to advisory firms and large institutional asset managers . SPONSORED CONTENT “We’re seeing very strong demand for this business across financial services,” said…

The world of fintech is constantly evolving, with new innovations and trends shaping the sector. From mobile payments to blockchain technology, there’s a lot happening in fintech. In this blog, we’ll explore what’s currently hot and what’s not in the fintech landscape. Let’s go! Hot trend: artificial intelligence (AI) in Fintech AI has revolutionized the way financial services operate. With its ability to analyze large amounts of data and make predictions, AI is transforming customer experience, fraud detection and risk assessment. Fintech companies are increasingly integrating AI into their systems to automate processes, improve efficiency and provide personalized services. Hot…

Lag in adoption of artificial intelligence (AI) leaves Asian financial institutions vulnerable to rising financial crime, new study finds SymphonyAI And Asian regulations revealed Tuesday. According to the study, existing systems, data quality, explanatory power of models, data privacy and regulatory uncertainty hinder the adoption of AI in financial crime compliance. Only 15% of Asian financial institutions report “advanced” integration of AI into their compliance functions, leaving significant untapped potential. It is worth noting that financial crime, particularly money laundering, poses a growing threat, accounting for up to 6.7 percent of global gross domestic product (GDP). The report, titled “Untapped…

Mike Goodenough Employment from Worldline Global – Global Head of e-commerce and MarketplacesWork at LHV – Director of Banking Services LHV Bank has taken a significant step forward by appointing Mike Goodenough as its new Director of Banking Services. The appointment comes after Goodenough spent six months as a business consultant with the bank, gaining valuable insight into LHV’s operations and strategic objectives. Goodenough brings more than two decades of finance and payments experience to his new role. His extensive experience includes developing and executing strategic and commercial initiatives in leadership positions within sales, product and partnership teams within international…

Brightwave, a leading AI financial research platform, announced the closing of a $15 million Series A funding round, led by Decibel Partners and with participation from OMERS Ventures. This funding round brings Brightwave’s total funding to $21 million following an oversubscribed funding round in June. Brightwave also achieved four times revenue growth in the four months following its seed funding announcement. Brightwave’s customer base is growing rapidly, driven by demand from diverse asset managers and financial services institutions, ranging from long-short hedge funds and private credit investors to specialist advisory firms and some of the largest managers of institutional assets…

American Banker’s Best Places to Work in Fintech program recognizes fintech companies that provide a positive and supportive work environment and benefits, according to their own employees. This list aims to highlight companies that strive to provide a healthy work environment, that apply best practices in employee benefits and human resources management and are therefore places where job seekers job might want to inquire. Click here to see the best places to work in Fintech in 2024. Previous winners are encouraged to apply again.EligibilityThis program is open to organizations that provide products, services or technology solutions enabling the delivery of…

Big tech profits are weighing on major indexes. Members of the Microsoft “Magnificent Seven” (MSFT) and metaplatforms (META) both reported better-than-expected quarterly profits, but the amount these companies are spending to develop their AI offerings is making some investors nervous. One stock that fell early in the session was Uber Technologies (UBER). Its third-quarter revenue topped Wall Street expectations, but gross bookings were lower. Wall Street is also scrutinizing the September Personal Consumption Expenditures Price Index report for clues on what the Federal Reserve’s next move might be. Trending tickers on Yahoo Finance include Super Micro Computer (SMCI), Palantir Technologies…

Thursday October 31, 2024 6:00 a.m. | Updated: Wednesday October 30, 2024 7:35 p.m. Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share by email Every week we dig into the memory bank of The city is big and good. Today, Mike Sleightholme, Chairman of S&P 500 fintech Broadridge International, takes us through his career What was your first job? There have been so many over the years, but my very first job was actually a newspaper round. Sundays were the hardest – those papers were heavy and the bag…

DoPay has raised a total of $37.15 million, including its Series A-2 funding round completed in July 2024. FINANCING | Egyptian Fintech DoPay Raises $13.5M Series A Expansion Following “True Hockey Stick Trajectory Growth” – https://t.co/f5rDHg1lcc#Funding #Startups #fintech #financialinclusion 🌟Summary of news in response🌟https://t.co/FC1BceKTUS – Funding News (@fundingnews_) July 23, 2024 Its investors include: Barclays Accelerator ACE & Company Force on mass capital Techstars Ventures MasterCard startup path FMO Hub71 Alder Kube VC Mbuyu Capital Partners NN Group Partner of Ruisseau Argentem. According to CB Insights, Dopay’s current valuation stands at $19.5 million, an intriguing figure given that it has…

Zain KSA announced its financial results for the first nine months of 2024, achieving a turnover of SAR 7.7 billion, representing a growth of 4.5% year-on-year. Net profit for the period amounted to SAR 322 million, an increase of 33% compared to the corresponding period of 2023, excluding the result of tower sales. This financial performance reflects Zain KSA’s strategic focus on improving customer experience and developing future technologies and 5G. The company has seen significant revenue growth in the enterprise sector and widespread adoption of the Yaqoot digital service. Additionally, it continued to see higher investment returns in adjacent…