Author: nripn

SUMMARY PB Fintech reported a consolidated net profit of INR 50.98 Cr in Q2 FY25, compared to a loss of INR 21.11 Cr in the year-ago period. Operating revenue jumped to INR 1,167.2 Cr in Q2 FY25 from INR 811.6 Cr in last year’s quarter. The total expenditure jumped to INR 1,213.4 Cr from INR 930.22 Cr last year. PB Fintech, parent company of Insurtech major Policybazaar, 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 of the previous…

Key global FinTech investment statistics in Q3 2024:Global FinTech investment fell 55% year-on-yearUS companies continue to dominate the global FinTech sector, completing 60% of the top 10 deals in the quarter.AlanThe French insurance unicorn known for its streamlined health insurance and digital health has secured a $193 million Series F round to be the only European company to make the top 10 deals.In the third quarter of 2024, the global FinTech sector recorded 981 deals, reflecting a 57% decline from the 2,275 deals closed in the third quarter of 2023, but a slight increase of 7% from the 916 funding…

According to a Digitimes article posted Monday, Nvidia (NASDAQ:NVDA) East it is said that he carried orders originally placed with Super Micro Computer (NASDAQ:SMCI) to other suppliers to minimize disruptions in the AI ​​server supply chain. This change is intended to stabilize Nvidia’s business in light of Super Micro’s financial reporting difficulties, whose failure to submit its financial statements by November 20 could result in delisting. After resignations of auditors and questions about its financial transparency, Super Micro has come under scrutiny. After Hindenburg Research published a brief analysis last week questioning the company’s accounting policies, the AI ​​server provider…

Unlock Editor’s Digest for freeRoula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter.Mark Zuckerberg’s Meta plans to build a nuclear-powered AI data center in the United States have been thwarted in part because a rare species of bee was discovered on land reserved for the project, according to people familiar with the matter.Zuckerberg had planned to strike a deal with an existing nuclear power plant operator to provide emissions-free electricity to a new data center supporting his artificial intelligence ambitions. However, the potential deal faced multiple complications, including environmental and regulatory challenges, these sources said.The…

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…