Author: nripn

FiX25 Returns to Help Catalyze Global Fintech Innovation in the Caribbean The International Fintech Islands Experience (FiX) returns to the Caribbean for the third consecutive year, January 22-24, 2025, focusing on three main pillars, as it seeks to fulfill its mission of developing the fintech ecosystem in the region. The highly successful financial conference will once again be held at Sam Lord’s Castle Wyndham Grand Barbados Resort. FiX25 aims to bring together a community of disruptive and innovative leaders who are redefining financial services under its fundamental pillars: entrepreneurship, policy and talent. These pillars are designed to foster a thriving…

One of the most popular use cases for AI in financial services is leveraging the technology to help businesses address the challenges and opportunities associated with unstructured data. In our last Live interview from FinovateFall last month, Finovate VP and host Greg Palmer sits with Perry Rotella, Managing Director of Financial Services at Boxto discuss the growth of unstructured data within financial institutions, the challenges these companies face in managing this data, and the role AI can play in helping them analyze unstructured data to improve everything from customization to compliance. “Unstructured data actually represents the vast majority of data…

ContributedThis content is sourced or sourced from third parties but has been subject to Finextra editorial review. The third quarter results are in and it’s good news for the fintech sector. With $3.3 billion raised, $1 billion more than any other sector, fintech retained its first place for 2024. The news arrives via Dealroom UK Q3 Innovation Updatewhich shows that even though investment in UK startups slowed over the summer, UK startups still ordered $2.9 billion in new capital in the third quarter, with the largest share raised in equity rounds. table of series B and C. So far, UK…

Early-stage venture capital firm 8i Companies has fully divested its investment in M2P Fintech, realizing a remarkable 12x return on its initial capital. The company had initially invested Rs 9.7 crore in the fintech startup in January 2020, and with its recent exit, it made a total return of Rs 115.9 crore. This exit was part of M2P Fintech’s recent $100 million capital raise, which included primary and secondary transactions. “We had the opportunity to return capital to our investors, and our limited partners are receiving more capital than they invested,” said Vikram Chachra, founding partner of 8i Ventures, describing…

Utilities have been on fire this year as excitement over growing demand for AI-driven electricity pushes the sector higher.Concrete example: the S&P 500 Utilities ETF (XLU) is up 29% so far this year – the best-performing sector yet, compared to the broader index’s 23% rise.Much of the gains come from enthusiasm among power producers who stand to benefit from the electrification boom – which includes Big Tech’s massive appetite for AI data centers and electric vehicles.By 2050, electricity is expected to become the world’s largest energy source, according to a recent study. McKinsey study. Public services were the best performers…

The Web3 Certification Board Inc. (W3CB) has launched a new certification program named FinTech+, aimed at advancing the knowledge and expertise of professionals at the intersection of finance and blockchain technology. This initiative aims to equip finance professionals with the skills and knowledge needed to stay ahead in an industry undergoing transformation thanks to blockchain and decentralized finance (DeFi). By integrating both traditional financial concepts and cutting-edge decentralized technologies, the FinTech+ certification seeks to fill a critical skills gap in this evolving field. The FinTech+ certification provides candidates with comprehensive training on how blockchain is disrupting conventional financial systems and…

In this episode of The Consumer Finance Podcast, Chris Willis is joined by Mark Furletti, Partner at Troutman Pepper, and special guest John Sun, CEO and Co-Founder of SpringLabs. The discussion delves deeper into the transformational possibilities of artificial intelligence (AI) in the financial services industry and covers the basics of AI, its current applications, and its future potential. The conversation highlights how AI, particularly pre-trained generative models, can revolutionize complaints management, improve regulatory compliance and Learn more +In this episode of The Consumer Finance Podcast, Chris Willis is joined by Mark Furletti, Partner at Troutman Pepper, and special guest…

Send your company’s latest business news to D CEO Deputy Editor Layten Praytor at layten.praytor@dmagazine.com  Fintech real estate platform Backflip has raised two private credit funds totaling $30 million in equity, as well as $154 million in asset-backed financing to fund residential bridging loans or “fixable mortgages.” Real estate entrepreneurs can use the platform to acquire and renovate single-family homes using Backflip’s technology and capital products to analyze, research and finance residential real estate investments. The platform also provides data and financing strategies for entrepreneurs trying to grow their businesses. “Increasing these private credit vehicles and warehouse facilities allows Backflip…

Photo: Tetra/Getty Images Data is the lifeblood of AI, said Sundar Shenbagam, chief technology officer at Edifecs. The challenge is to find a uniform way to collect data and store it to ensure its security. Once this is established, the data can be managed to create an AI model that automates some of the payer’s many time-consuming functions. However, AI remains an assistant, not a substitute, for human decision-making, Shenbagam said. To learn more about how AI can help payers, listen to Shenbagam’s conversation with Susan Morse, editor-in-chief of Health financing news. Discussion points: Unstructured data, such as prescriptions and…

Sheena Allen announced the closure of a business supporting unbanked communities. Since 2018, Allen has been the founder of CapWay, a mobile bank inspired by his upbringing in Terry, MS, a small town near Jackson, where there was only one bank at the time. “Jackson has one of the highest rates of unbanked residents in the United States,” Allen said previously. AFROTECH™. “I knew very well people who did not have equitable or adequate access to traditional financial services and products. » In creating a solution, CapWay offered savings tools and allowed users to cash checks, open checking accounts and…