Author: nripn

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,…

State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew Mexiconew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington, D.C.West VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericasArmed Forces of the PacificEuropean Armed ForcesNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaGuamPalauAlberta, CanadaBritish Columbia, CanadaManitoba, CanadaNew Brunswick, CanadaNewfoundland, CanadaNova Scotia, CanadaNorthwest Territories, CanadaNunavut, CanadaOntario, CanadaPrince Edward Island, CanadaQuebec, CanadaSaskatchewan, CanadaYukon Territory, Canada Postcode Country the united states of americaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria,…

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

Moniepointa Nigeria-based fintech company, successfully raised $110 million in a Series C funding round. The financing was led by International development partners African Development Partners Fund III (ADP III), with the participation of investors such as Google Africa Investment FundVerod Capital and Lightrock. Strategic Focus on Business Banking and Financial Access Founded in 2015 by Tosin Eniolorunda And Felix IkeMoniepoint was initially launched under the name TeamApt. The company has since grown from banking infrastructure support to one of Nigeria’s largest business banking providers, serving millions of African businesses. According to Moniepoint, it currently processes more than 800 million transactions…

Stay informed with free updatesSimply register at Artificial intelligence myFT Digest – delivered straight to your inbox.Data center startup Crusoe Energy raises up to $500 million in equity capital from investors including Peter Thiel’s Founders Fund to expand facilities that provide the infrastructure fueling the data center boom AI.The fundraising will value Crusoe at about $3 billion, more than double its valuation two years ago, according to three people with knowledge of the deal. It’s the latest fledgling company whose fortunes have exploded thanks to major spending on AI following the release of ChatGPT in late 2022.Founders Fund, which has…

In the world of regulatory change management (RCM), AI is proving to be a revolutionary force, transforming every step of the process and generating substantial business value. According to 4CRisk.aiBy looking at a typical RCM workflow, we can see how AI not only streamlines operations, but also significantly improves return on investment (ROI), providing a competitive advantage in regulatory compliance.At the forefront of this transformation is 4CRisk Regulatory Change Productwhich offers a potential for 5 to 20 times efficiency improvement. In an example with the assumptions at each step of the process, described below, 4Crisk.ai shows howA return on investment…

The Hong Kong Special Administrative Region (HKSAR) government on Monday issued a policy statement outlining its position and guidelines for the responsible application of artificial intelligence (AI) in the financial market, aiming to promote the use of AI in finance, according to the official website of the Hong Kong government.Analysts said such efforts would not only support Hong Kong’s deep integration into AI and regulatory development, but also further consolidate its status as an international financial hub.