Author: nripn

CapWay, a Y Combinator-backed fintech that sought to bring financial services to people living in so-called “banking deserts,” has been shut down, according to its founder Sheena Allen. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature have ties to other companies, including competitors or companies we write about. However, we would like to assure our readers that this will…

The planned consolidation will see SelfKey’s existing KEY token become Singularity Finance’s new SFI token. SingularityDAO’s SDAO and Cogito’s CGV will merge into SFI at the ratios of 1:80.353 and 1:10.89 respectively. This process will be subject to change based on stakeholder discussions.

The Singularity Finance merger aims to integrate AI and tokenized real-world assets (RWA) into DeFi, creating new opportunities in Web3. The unified SFI token will serve as an economic backbone, accelerating the convergence of AI and blockchain innovation. Following recent developments, SingularityDAO, Cogito Finance and SelfKey have proposed a strategic merger to form Singularity Finance, as shared in a CNF. update. This new entity will serve as an EVM Layer-2 solution to tokenize real-world assets (RWA) of the AI ​​economy. The proposal outlines a plan to merge the three entities, creating Singularity Finance, an EVM Layer-2 solution focused on integrate…

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) — FinTech Breakthroughan independent market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market, today announced that Corpayworld leader in corporate payments, was selected as winner of the “Spend Management Innovation Award” at the 8th annual FinTech Breakthrough Awards program, recognizing the groundbreaking innovation of the Corpay Complete all-in-one expense management platform.Designed to streamline and optimize businesses’ financial processes, Corpay Complete leverages Corpay’s unique combination of best-in-class payments infrastructure coupled with fintech software capabilities and is available via web and mobile applications.Corpay’s comprehensive spend management platform delivers…

AI company Perplexity offered insight into “Perplexity for Finance” (File) | Photo credit: REUTERS AI firm Perplexity has revealed a finance-focused platform in the works that would allow users to search financial information about companies, make comparisons and study past earnings data.“Real-time stock quotes. Historical income reports. Comparisons with industry peers. Detailed analysis of company financial data. All with a nice user interface,” Perplexity posted on X, along with a video clip showing how the new offering would work.Perplexity for finance:Real-time stock quotes. Historical income reports. Comparisons with industry peers. Detailed analysis of company financial data. All with a delightful…

Expand Polar Star 2024 (www.DevelopNorthStar.com), the world’s largest startup and investment event, continued its innovation journey on its third day at Dubai Port. Attendees from around the world witnessed groundbreaking advances in applied AI and Deep Tech, demonstrating how these technologies are disrupting industries and solving complex global challenges. Part of GITEX GLOBAL, Expand North Star runs through October 16, providing a powerful platform for more than 1,800 exhibiting startups and more than 1,200 investors managing assets exceeding US$1 trillion. Applied AI and Deep Tech innovations are redefining innovation in healthcare and space Day three was a showcase of next-generation…

Move Strengthens Numerix’s Risk Management Solutions and Fixed-Income Coverage NEW YORK, Oct. 16, 2024 — Numerix, a leading provider of Front-to-Risk technology in the capital markets, has announced the acquisition of Kynex, a renowned financial platform specializing in convertible securities valuation, portfolio management, and trade flow/order management. This acquisition enhances Numerix’s asset class coverage and reinforces its leadership in pricing and risk management solutions. Kynex’s established client base includes top-tier investment banks, asset managers, hedge funds, and broker-dealers. Its platform capabilities align perfectly with Numerix’s suite of Front-to-Risk solutions, furthering Numerix’s goal to provide comprehensive and sophisticated analytics that meet…

Fintech startup Permutable AI launches gen AI Trading Co-Pilot – leveraging gen AI and machine learning for transformative decision-making in financial markets. Fintech start-up Permutable AI, a leader in the application of artificial intelligence to financial markets, has unveiled its Trading Co-Pilot (https://permutable.ai/trading-co-pilot/), an advanced platform designed to provide real-time AI-driven insights for financial markets. The platform uses cutting-edge AI to analyze global media, pricing and market sentiment data, providing powerful real-time insights as events impacting financial markets unfold. The initial release covers commodities, with future iterations expanding the tool’s capabilities to stocks and cryptocurrencies.Picture: https://www.getnews.info/uploads/061ff2e8cf5b5cb3326025cf506932c1.pngAI at the heart of…

In a typical organization, finance is one of the most important functions. Yet teams are often hamstrung by manual workflows. According to a investigation According to Paylocity, an HR software provider, 38% of finance teams spend more than a quarter of their time on manual tasks, like reviewing invoices. Matthieu Hafemeister, a former fintech investor at Andreessen Horowitz, says he has seen many financial organizations struggle to grow because of all the work they do manually. “The status quo in finance consists of countless one-off solutions that are cobbled together within the finance department,” Hafemeister told TechCrunch. “Excel continues to…

India’s central bank chief warns against using AI in financial services. Reserve Bank of India Governor Shaktikanta Das said on Monday (October 14) that the increased use of artificial intelligence (AI) and machine learning in the financial world can trigger stability risks, requiring appropriate risk mitigation practices from banks. banks. “The heavy reliance on AI can lead to concentration risks, especially when a small number of technology providers dominate the market,” said Das, whose comments at an event in New Delhi were the following: reported by Reuters. He added that this could exacerbate systemic risks, as failures or disruptions in…