Author: nripn

From left, John Beaman, CFO of Adventist Health, and Robert Broermann, CFO of Sentara. Photos: Courtesy of Adventist Health and Sentara, respectively. The CFOs of two of the nation’s largest nonprofit health systems were asked about their financial strategies as generative AI becomes the next big thing with the launch of ChatGPT in 2022. Robert A. Broermann is executive vice president and chief financial officer of Sentara, headquartered in Norfolk, Virginia. The nonprofit, integrated health system is among the largest health systems in the Mid-Atlantic and Southeast, with 12 hospitals in Virginia and northeastern North Carolina. John Beaman is chief…

The company plans to restructure user balances after a cyberattack in July.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 are committed to providing accurate…

Brightwave Inc.creator of an artificial intelligence-powered financial research platform for investment banks, hedge fund managers and other financial professionals, today announced that it has closed a seed funding round of 15 million dollars. Today’s Series A round was led by Decibel Partners and saw participation from Omers Ventures, bringing the total amount raised to date to $21 million. Brightwave says it’s AI Platform The goal is to provide accurate information and forecasts to financial professionals, so they can make smarter investment decisions. Its AI system works by synthesizing information from thousands of pages of financial reports and documents, including earnings…

By Mr. Pawan Yadav The financial sector is experiencing significant disruption, taking advantage of new technologies such as artificial intelligence (AI). The integration of AI in finance is nothing short of a revolutionary approach as it changes the way financial institutions (FIs) and banks operate. Additionally, the implementation of AI in banking applications has propelled the financial industry towards a more technology-driven and customer-centric future.Despite strong security measures, the financial sector continues to struggle with fraudulent activities. Although there have been many advances in technology, fraudsters have also devised new ways to circumvent security systems and exploit their inefficiencies. According…

Free newsletterReceive the latest Swiss Fintech news once a month in your inboxOver the next five years, instant payments are expected to catalyze a complete transformation of payments and banking, paving the way for a truly digital service model. This shift will present significant challenges for banks, forcing them to reinvent their operations and update their systems to handle skyrocketing transaction volumes, according to a new report from banking technology provider FIS. However, it will also open doors to new opportunities through innovation and product development.In a new report released October 9 and produced in collaboration with Payments Cards and…

The future of BaaS (banking-as-a-service) is currently a priority for fintech leaders around the world. This is a major topic this week at Technological disruptiona popular startup tech summit in San Francisco and is headlining think pieces and press articles across the world of fintech. The reality is the world of BaaS could be at a turning point, says Charlotte-based entrepreneur Ramy Serageldin. “The business case for legacy BaaS models was that the bank could simply sit back and the BaaS platform would do the rest, including monitoring and compliance. Unfortunately, in many cases this model has led to a…

ASIC has released its inaugural report into the use and adoption of AI by financial services and credit licensees.The report highlights the urgent need for strong governance frameworks to keep pace with the rapid integration of AI technologies. This need arises from findings showing that a majority of licensees plan to increase their use of AI, which could significantly influence consumer interactions and overall market dynamics.ASIC Chairman Joe Longo has highlighted the importance of updating governance structures to align with the growing deployment of AI. The report highlights that while current AI applications primarily support human decision-making and operational efficiency,…

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Nine-figure fundraising rounds are still relatively rare in the music and tech space, so the news that the music and fintech startup Duetti secured $114 million in new funding is remarkable. This is not a one-size-fits-all deal, however. The company, which has acquired the catalogs of more than 500 artists since its launch, raised a $34 million funding round led by investment firm Flexpoint Ford. The remaining $80 million comes from its first “asset-backed securitization transaction” backed by a catalog of music rights. It’s clearly the week of securitization announcements: we talked about it Third such offering from Concord (raising…

Tech Funding NewsHow Fintech Innovations Power Payments Solutions VoltVolt is at the forefront, leveraging blockchain technology and open banking to drive growth and accessibility in the payments industry. This….1 month ago