Author: nripn

By Gloria Methri October 11, 2024 Credit on UPI eMACH.ai Integrated payments FinTech continues to play a central role in transforming and reshaping the traditional contours of the financial sector. As technology becomes more intertwined with financial services, FinTech innovations are not just incremental but rather revolutionary, paving the way for improved efficiency, accessibility and innovative business models. This week’s FinTech Focus presents a selection of the most significant developments that highlight the dynamic nature of this sector. Let’s look up five announcements made by FinTech bigwigs this week: ICICI Bank is partnering with PhonePe to offer instant credit on…

SINGAPORE, November 6, 2024 /PRNewswire/ — The Global Fintech Institute (GFI), with the support of the Monetary Authority of Singapore (MAS), proudly announces the launch of FLEXa global digital platform, and the Startup Investment Securities (SIC) frame. These initiatives are designed to bring transparency, trust and innovation to the global fintech ecosystem.FLEX is the essential platform to stimulate collaboration, investment and talent development in the fintech sector. It is built on three pillars: FLEX.Collaborate: Foster cross-sector and cross-border partnerships between fintech companies, investors and industry leaders. FLEX.Match: Connecting…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthTHE Singapore Fintech Association (SFA) And Accenture have published the sixth edition of Singapore Tech Talent Report 2024.This paints a picture of a fintech sector that is rapidly adopting generative AI (Gen AI) and grappling with an evolving talent landscape.The report reveals that 89% of financial institutions (FIs) are exploring or have already implemented Gen AI in 2024, and 65% of them are actively using it in their operations, a significant increase of 27% from 2023.Interestingly, financial institutions are outpacing fintechs in AI generation adoption.This high adoption…

Visa injects new funds into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator Program. These investments underscore Visa’s commitment to driving digital innovation in Africa, according to a press release emailed Wednesday (Nov. 6) to PYMNTS. In doing so, the payments giant aims to foster the development of FinTechs in Africa while supporting greater financial inclusion and access. The amount of money invested in each startup was not disclosed. The startups are based in Ghana Ozewhich offers integrated financial services to small and medium-sized enterprises (SMEs); Based in Kenya Working salaryan HR technology company;…

Bigbear.Ai Holdings, Inc. ( (BBAI) ) released its third quarter results. Here’s a look at the information Bigbear.Ai Holdings, Inc. presented to its investors. BigBear.ai Holdings, Inc. is a technology company specializing in artificial intelligence and machine learning solutions, primarily serving industries such as defense and government by providing tools that facilitate complex decision-making processes. The company stands out for its advanced technology, such as the ConductorOS platform, which plays a critical role in U.S. defense initiatives. In its latest earnings report, BigBear.ai highlighted its strategic progress and financial performance. The company reported significant cost reductions and operational efficiencies, as…

Dublin, October 18, 2024 (GLOBE NEWSWIRE) — The “Indian Fintech Blockchain Market, By Region, Competition, Forecast and Opportunities 2020-2030F” the report has been added to ResearchAndMarkets.com offer.The Indian Blockchain Fintech Market was valued at $0.35 billion in 2024 and is expected to reach $1.87 billion by 2030, growing at a CAGR of 32.10%. The Indian blockchain fintech market is witnessing substantial growth, driven by the increasing adoption of blockchain technology in various financial services. As financial institutions and startups seek to improve the transparency, security and efficiency of transactions, blockchain offers a promising solution. In India, the increase in digital…

Worldwide Stablecoin Payment Network (WSPN) recently unveiled a significant strategic partnership with Ample FinTech, a financial technology company headquartered in Singapore. Known for its expertise in developing Web3 payment platforms and enterprise-level tokenization solutions, Ample FinTech is poised to contribute to the WSPN’s goal of refining cross-border transaction systems. This collaboration is expected to strengthen WUSD’s capabilities, positioning it as a leader in the evolving Stablecoin 2.0 space. Through this alliance, WSPN and Ample FinTech plan to work to integrate advanced Web3 technologies designed to streamline digital transactions. Priority areas of their joint efforts include the development of programmable payments,…

SUMMARY Policybazaar’s parent company reported a consolidated net profit of INR 50.98 Cr in the second quarter (Q2) of the financial year 2024-25 (FY25), compared to a loss of INR 21.11 Cr in the previous year . For the day, over 33.35 Lakh shares of PB Fintech changed hands and the company’s market capitalization stood at INR 75,864.77 Cr (approximately $899.87 million). Pertinently, Morgan Stanley also maintained its equal weight rating on PB Fintech, setting a target price (TP) of INR 1,375. Shares of PB Fintech jumped 3.2% during today’s (November 6) intraday session to reach 1,694.30 INR each on…

Mangopaya financial technology company that helps marketplaces and platforms manage their online payments, received the Fraud & ID Verification Award in recognition of its innovative work to leverage machine learning and advanced AI to protect real-time transitions.The organization easily detects fraudulent activity thanks to its breadth of advanced technology and its ability to uncover unique data such as network activity, software patterns and device behavior. As a result, Mangopay can block fraud almost instantly by examining real-time behavior patterns instead of static data and staying informed of the latest fraud tactics.Receiving the award, Alex Taylor, Sales Manager at Mangopaycelebrated the…

Benzinga and Yahoo Finance LLC may earn commissions or revenue from certain articles through the links below. Intel Corp. (NASDAQ:INTC) has a problem with Gaudi – the chipmaker revealed that its AI accelerator won’t even make $500 million in 2024, lower than Gaudi’s. CEO Pat Gelsinger target from 1 to 2 billion dollars. What happened: Gelsinger revealed during Intel’s third-quarter earnings conference call that Gaudi’s AI accelerator program will fail to meet revenue targets due to a transition from second to third generation . “Overall adoption of Gaudi has been slower than expected, as adoption rates have been affected by…