Author: nripn

“The future economy is unthinkable without a strong and powerful fintech sector. The Latvia Fintech Forum inspires both policymakers and entrepreneurs, helping them discover new paths towards the expansion of the fintech sector and its significant contribution to economic growth. » strong points Mārtiņš Kazāksgovernor of Latvijas Banka. The forum will be opened by Viktors Valainis, Minister of Economy. The Fintech Forum is organized by Latvijas Banka, in cooperation with the Latvian Investment and Development Agency (LIAA) and the Riga Investment and Tourism Agency (RITA). This year, Fintech Forum discussions will focus on analyzing the development of the fintech sector…

Declining interest rates and continued attention to new technologies such as artificial intelligence have led to an increase in the number of potential fintech opportunities, said Zachary Wasserman, chief financial officer of Huntington Bank. The Columbus, Ohio-based lender and its in-house venture capital arm, Huntington Corporate Ventures, are seeing “a fairly notable acceleration in venture capital activity in the fintech space, which we view as a good thing,” Wasserman said in an interview following the bank’s third-quarter earnings release. . “In our view, there are a lot more partnership opportunities here than competitive threats, and so it’s quite healthy and…

The federal government’s bet to use artificial intelligence to combat financial crime appears to be paying off. Machine learning AI helped the U.S. Treasury Department sift through massive amounts of data and recover $1 billion in check fraud in fiscal year 2024 alone, according to new estimates shared first with CNN. That’s nearly triple what the Treasury took in the previous financial year. “It’s really been transformative,” Renata Miskell, a senior Treasury official, told CNN in a telephone interview. “Leveraging data has improved our performance in fraud detection and prevention,” Miskell said. The Treasury Department credited AI with helping officials…

NVIDIA (NVDA) stock closed at a record high Monday as Wall Street analysts maintained their bullish stances on the stock ahead of its November earnings release. Shares of the leading AI chipmaker rose more than 4% to close at $143.71 per share. The move comes as Wall Street analysts reiterate their buy ratings on the stock. Citing strong demand for artificial intelligence, Bank of America (BAC) on Friday raised its price target from $165 to $190 (one way inside the call with analyst Vivek Arya below from Opening offer podcast), while investment research firm CFRA last week raised its price…

Jennifer Sieg meets Carol Shanahan, English businesswoman, philanthropist and owner of Port Vale Football club English businesswoman Carol Shanahan – founder from a financial technology company Synectic Solutions and owner of Port Vale Football Club – is no stranger to hard work. Shanahan, now 66, left school at 17 with no qualifications or work experience and went on to find herself behind what is now one of Stoke-on-Trent’s most successful businesses. Trent. Synectics Solutions, an early pioneer in financial fraud detection and prevention, was founded in 1992 and has saved approximately £7.2 billion across the public and private sectors to…

Nigerian startup Sproutly, a financial services platform for educational institutions, has announced the launch of its version two, along with several strategic partnerships designed to enhance benefits for its users. Founded in June 2021 by Pierre Nwoke, Maxwell Agu and Prince Akachi, initially as a banking app for children, Germination simplifies educational payments, financial management and access to credit, providing schools with cash flow visibility, accurate reporting and financial control. Educational administrators benefit from different payment methods, simplified access and dedicated support, allowing them to focus on teaching while easing the financial burden on families. Originally designed for K-12 schools,…

MACAU SAR – EQS Newswire – October 23, 2024 – On October 20, the Financial Street Forum 2024 annual conference concluded in Beijing. Themed “Trust and Confidence – Working Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth”, this year’s conference attracted more than 500 guests from more than 30 countries and regions around the world. In a side session titled “Fintech: Bridging the Digital Divide”, notable speakers such as Yin Yanlin, deputy director of the economic committee of the 14th National Committee of the CPPCC, Zeng Zhicheng, deputy general director of the Beijing Municipal Branch of…

Venture capitalist Acrew Capital has raised more than $700 million in its latest family of funds targeting data and technology deals. Sorry, you must subscribe to read this article. If you want to access this article, you must become a Premium Subscriber. Premium subscribers enjoy full access to our daily breaking news, premium articles, weekly fundraising and IR reviews, knowledge bank and LP profiles, all accessible via our mobile platform . Subscribe below or contact customerservice@altassets.net

(Reuters) – IBM released the latest version of its enterprise-grade artificial intelligence models on Monday, seeking to capitalize on the rise of companies adopting generative AI technology. The “Granite 3.0” models will be made open source, like other versions of IBM’s Granite family of AI models. This approach differs from competitors such as Microsoft who charge customers for access to their models. In turn, IBM offers a paid tool called Watsonx that allows models to be run in data centers after their customization. Some variants of the new Granite models are available starting Monday for commercial use on the Watsonx…

Two servicing technology companies will work together to provide artificial intelligence-based voice agents to mortgage borrowers. Havena platform that integrates servicing features into a lender’s brand, will partner with AI startup Kastle, the companies announced Tuesday. The collaboration, which the partners say will reduce maintenance operations costs, will go live in the first quarter of next year for Haven customers.“Our partnership with Kastle is an important step toward our mission to remove complexity from the mortgage experience and provide a comprehensive platform for homeowners,” said Jonathan Chao, co-founder and chief product officer of Haven, in a statement press. Kastle and…