Author: nripn

Manama, Bahrain – BENEFIT, the Kingdom’s innovator and leading fintech and electronic financial transaction services company, is pleased to announce the launch of its Ruwaad BENEFIT Leadership Program, marking the first batch of this transformational initiative. This program highlights BENEFIT’s commitment to advancing the leadership skills of its emerging leaders, equipping them with the expertise and experience needed to excel in their careers and drive innovation within the company. The Ruwaad BENEFIT Leadership Program offers a comprehensive, transformative leadership-focused experience that goes beyond traditional professional development. Lasting four months, this program is designed to foster and accelerate the growth of…

As 2024 draws to a close, the financial services industry is bracing for a dynamic compliance landscape in the year ahead. With increasingly stringent regulatory frameworks, organizations must stay ahead of emerging trends to successfully manage these changes. The advent of advanced technologies, including artificial intelligence (AI), continues to reshape risk management practices, introducing both challenges and opportunities for compliance professionals.An upcoming webinar organized by Saifr is a must-attend event for those looking to strengthen their compliance strategies, according to the firm. This session aims to provide participants with essential information on significant regulatory changes expected in the United States…

Buy now, pay later Companies like Klarna and Block’s Afterpay could be about to face tougher rules in the UKNikolas Kokovlis | Nuphoto | Getty ImagesLONDON — There are more startups from Swedish digital payments company Klarna than any other fintech unicorn in Europe, according to a new report from venture capital firm Accel.“Accel”Fintech Founders Factory“The report shows that Klarna alumni have created a total of 62 new startups, including Swedish lending technology company Anyfin, regulatory compliance platform Bits Technology and AI-powered coding platform Pretzel AI.This is more than any other venture-backed fintech startup worth $1 billion or more in…

Leveraging his rich experience in financial regulation and risk management, Bibitayo has contributed significantly to understanding how financial institutions can achieve regulatory compliance through technological innovation. In her latest publication, “Regulatory Compliance and Efficiency in Financial Technologies: Challenges and Innovations,” she explores how fintech can improve compliance and streamline operations, focusing on Nigeria’s rapidly growing fintech sector. Bibitayo’s research highlights the dual challenge for financial institutions: maintaining regulatory compliance while achieving operational efficiency. It highlights the transformative role of regulatory technology (RegTech) in the compliance management revolution. By integrating artificial intelligence (AI) and machine learning (ML), RegTech automates compliance processes,…

Microsoft co-founder Bill Gates knows well the transformative power of technology: he played a crucial role in making personal computing accessible to millions of people through his company’s software. And as Microsoft helped bring computers into homes and businesses, transforming industries at every level, it also led it to one of the richest people in the world. Accredited investors can own Walmart, Whole Foods or Kroger – and enjoy regular distributions without lifting a finger. Here’s how Auto insurance premiums in the United States are skyrocketing – and only getting worse. But 5 minutes could get you paying as little…

Partnership to accelerate future growth and innovation MoneyThumb SaaS Document Rating Technology SAN DIEGO, August 29, 2024 /PRNewswire/ — MoneyThumba leader in automated document evaluation and fraud detection solutions today announced its acquisition by Iron Creek Partners LLC (“Iron Creek”), a private investment firm focused on investments in the software, data, communications and business services industries. Iron Creek led the investment group, which also included Main Street Capital Corporation (NYSE: MAIN). The transaction will provide growth capital to help meet strong industry demand for MoneyThumb, which recently produced 100% annual growth from one year to the next. The transaction closed…

Diving brief: Microsoft is expanding its collection of tools to automate business functions like the CFO’s office with the launch of new artificial intelligence “agents” capable of learning and performing certain tasks autonomously, the software giant announced Monday. software. The company is introducing 10 new autonomous agents, including two aimed at financial professionals, into its Microsoft Dynamics 365 enterprise resource planning platform, according to a Monday blog post written by Bryan Goode, corporate vice president at Microsoft. Pricing and licensing details will be shared once the new agents enter the “public preview” phase later this year, a spokesperson said by…

SUMMARY NPCI said the approval would be contingent on the fintech startup complying with all NPCI guidelines and circulars on risk management, branding guidelines, among others. It is pertinent to note that Paytm was hit by the Reserve Bank of India (RBI) restrictions on its payments banking arm in January this year. Subsequently, Paytm roped in Axis Bank, Yes Bank, SBI and HDFC Bank as payment service provider (PSP) banks to offer UPI services. In a major development, the fintech giant Pay said it has received approval from the National Payments Corporation of India (NPCI) to onboard new Unified Payments…

CALGARY, AB, Oct. 22, 2024 (GLOBE NEWSWIRE) — Libra, Canada’s oldest and largest digital asset custodian, has received approval from the Alberta Treasury and Finance Board (ATBF) to register Balance Trust Company, its wholly owned Calgary-based corporation. trust subsidiary. The approval is further supported by a $10 million investment in the trust by Balance, to achieve qualified custodian status in Canada and the United States to serve financial services and fintech companies in the Alberta’s entire regulatory landscape. The expansion, supported by Invest Alberta, highlights Alberta’s growing role in digital asset management and innovation, with a commitment to hiring in…

The global gathering of policy, finance and technology The Singapore FinTech Festival is the global gathering of policy, finance and technology communities, taking place from 6-8 November 2024. Designed to foster impactful connections and collaborations, SFF is a platform to explore the intersections of financial solutions from cutting edge, regulatory landscape developments and the latest technological innovations. This year, SFF will examine the transformative potential of artificial intelligence, quantum computing and digital assets to shape financial services and deliver sustainable and inclusive economic growth. Through informative sessions, panel discussions, workshops, exhibitions and more, SFF is an immersive discovery and dialogue…