Author: nripn

Lenda startup providing essential software to businesses to launch lending businesses, will now offer its customers a line of credit to enable them to issue more loans and expand their operations. Founded in 2018, Lendsqr counts Kredi, Snapcash and Blockacash among its clients and will provide overdrafts to these companies from a 1 billion yen fund. The company, which says it has “thousands of lenders serving millions of customers,” will charge qualified lenders 4% per month, with interest applied only to the portion of the facility paid to end users, particularly retail lenders. . “If they get repayments from their…

Powering the Future of Fintech – Innovate, Connect and Amplify with TencentHONG KONG, October 29, 2024 /PRNewswire/ — The 9th Hong Kong Fintech Week 2024 was held from October 28 to 29, 2024 at the Asia World-Expo in Hong Kong. This is the first time Tencent hosted an exhibition at the event, showcasing its fintech innovation capabilities, international businesses and brands under the theme “Powering the Future of Fintech: Innovate, Connect, And Amplify with Tencent.” Paul Chan, Financial Secretary of Hong Kong SAR, experiences Tencent’s innovative palm recognition technology following the…

When a Canadian research company discovered that Huawei Technologies’ multi-chiplet artificial intelligence (AI) The Ascend 910B processor contained dies manufactured by Taiwan Semiconductor Manufacturing Company (TSMC)it highlighted possible loopholes in U.S. sanctions and China’s persistent efforts to gain access to advanced foundry technologies, analysts say. “Heavy U.S. sanctions on China’s semiconductor sector have proven porous,” said Arisa Liu, a researcher and director of the Taiwan Economic Research Institute. This discovery sparked a rush to find explanations for what happened. TSMC has since halted shipments to an unnamed customer after discovering that one of its chips supplied to the customer ended…

HONG KONG — The Hong Kong Special Administrative Region (HKSAR) government on Monday unveiled a policy statement on the responsible application of artificial intelligence (AI) in the financial market to boost the development of financial technology while managing risks. As an international financial center, Hong Kong is open and inclusive towards the application of AI in the financial market, the statement said. He indicated that the HKSAR government would adopt a dual approach to promote the development of AI adoption by the financial services sector, while addressing potential challenges, such as cybersecurity, data privacy and security. protection of intellectual property…

After selling Postmates to Uber for $2.65 billion, Bastian Lehmann is back with Tiptop, a startup that wants to unlock the monetary value of the things you already own.Tiptop creates an instant exchange program available at checkout. Retailers can integrate Tiptop as a payment option and Tiptop handles everything from quotes to payments and fraud prevention.After revolutionizing the modern delivery economy and the food industry, can Bastian Lehmann change the way we buy (and sell) things? Find out in this session of Disrupt 2024.Subscribe to learn more on YouTube: https://tcrn.ch/youtube Follow TechCrunch on Instagram: http://tcrn.ch/instagramTikTok: https://tcrn.ch/tiktokX: tcrn.ch/xTopics: https://tcrn.ch/threadsFacebook: https://tcrn.ch/facebookBlue sky:…

(Bloomberg) — Hong Kong presented its first policy guidelines dedicated to the use of AI in finance and launched a tax break for virtual assets, part of efforts to promote itself as a center of Asian business. Most read on Bloomberg On Monday, government officials touted a common framework through which different regulatory agencies could develop policies governing the use of AI, seen as critical to the future of finance and other sectors. They also proposed extending a tax break on ownership of digital assets such as cryptocurrencies, promising legislation by the end of the year. Hong Kong wants to…

Fintech Startups Inspire – Visa Enables. Join us at the Visa Emerging Innovators (VEI) program, where we celebrate the next generation of fintech pioneers. This year, we’re excited to announce that we’re doubling the prize to an incredible $100,000! Visa has carefully selected five visionary startups from around the world, each ready to showcase their game-changing solutions to a distinguished panel of fintech industry leaders. Don’t miss this unique opportunity to see the future of payments in action and discover how you can be part of the fintech revolution.Subscribe to learn more on YouTube: https://tcrn.ch/youtube Follow TechCrunch on Instagram: http://tcrn.ch/instagramTikTok:…

Mumbai: As frenetic digitalization reshapes the financial landscape, India must learn to balance innovation and prudence, Reserve Bank of India (RBI) Governor Shaktikanta Das said, urging financial institutions and fintechs to capitalize on new opportunities while mitigating risks. More Indians are turning to digital financial services, and their expectations for “personalized, efficient and seamless” experiences have also increased, Das said. At the same time, new risks related to data privacy and security breaches have emerged, adding to existing risks such as mis-selling and fraud. “Leveraging technology for real-time monitoring and ensuring regulatory compliance will be key to addressing these challenges…

DELRAY BEACH, Florida., October 28, 2024 /PRNewswire/ — The AI in the financial market should reach $190.33 billion by 2030 from $38.36 billion in 2024, with a CAGR of 30.6% over the period 2024-2030, according to a new report from MarketsandMarkets™.AI-based chatbots and virtual assistants are significant growth drivers in the financial AI market, improving customer service by offering 24/7 support and personalized user interactions . AI-based technologies streamline routine tasks such as account management or transaction monitoring, freeing up human advisors for complex cases. By allowing users to make financial decisions, this accessibility expands the services offered to end…

Delhi-based fintech unicorn BharatPe has expanded into investment offerings with the launch of a new app, Invest BharatPe. Available on the Google Play Store and App Store, the new platform aims to simplify investing for consumers, starting with an accessible digital gold option. The app marks BharatPe’s move into the investment space, allowing users to access affordable financial products and invest easily. Digital gold as the first investment product The first product available on the Invest BharatPe app is digital gold, introduced in partnership with Safegold, a Mumbai-based company. With this feature, users can invest in pure 24-karat gold with…