Author: nripn

JPMorgan Chase The CEO issues a warning about the thriving private credit sector. Jamie Dimon expects problems to arise in the market, warning that “it could be hell to pay”, especially as retail customers gain access to the sector. “Would you like to give retail customers access to some of these less liquid products? Well, the answer is — probably, but don’t act like it’s risk-free,” said Dimon, whose comments at an industry conference Wednesday (May 29) included: reported by Bloomberg News. “Retail customers tend to drive around the block and call their senators and congressmen.” He added that the…

Wolters Kluwer, a global leader in information, software and services for professionals, today released a new research report: AI in finance, from skepticism to optimism. The report explores AI adoption and sentiment in corporate finance functions. Notably, more than two-thirds of finance professionals surveyed confirmed that they were in the exploratory stage of implementing an AI initiative within their finance function; and 60% of respondents who had already deployed an AI-related financial project described the deployment as successful.The publication of this report follows CCH Tagetik AI-powered smart platform launched in May 2024which enables finance teams to transform massive data sets…

Press Release, Orbis Research – This report aims to provide an in-depth analysis of the Fintech Software Development Services Market offering valuable insights into its core components, current trends, challenges and opportunities. By conducting in-depth research and analysis, the report aims to provide stakeholders with the information needed to successfully navigate the intricacies of the Fintech Software Development Services market. Request a sample report @ https://www.orbisresearch.com/contacts/request-sample/7194302 Key Aspects Covered in This Report: Market Dynamics and Macroeconomic Factors: The Fintech software development services market is influenced by several macroeconomic elements, including GDP growth, inflation rates, interest rates, and exchange rates.…

Artificial intelligence (AI) is rapidly becoming integrated into the business and personal technologies we use every day. AI knows how to automate repetitive processes and master large volumes of data – problems that finance teams frequently encounter in their work. It promises to improve the depth and complexity of information that finance can access and speed up laborious, data-intensive processes that bog them down. Business financial processes are prime candidates for the impact of AI. But are the financial teams on board? And to what extent can we expect them to rely on AI in the future? Our 2024 Global…

SUMMARY Shares of PB Fintech fell to INR 1,628.3 apiece on the BSE today, down 1.5% from the previous close. The share price drop came after brokerage firm Bernstein expressed caution over the company’s plans to venture into the healthcare sector. Bernstein expects stock price to fall as much as $100 million if PB Fintech’s foray into healthcare doesn’t go as planned Brokerage firm Bernstein has expressed caution over plans by PB Fintech, parent company of insurance giant Policybazaar, to venture into the healthcare sector. However, he capped the drop at $100 million if the foray doesn’t go as planned.…

VanEck is making its first entry into the venture capital industry, aiming to invest in fintech, crypto and AI startups. The global asset manager raises $30 million for its first venture fund. VanEck enters venture capital to invest in fintech, crypto and AI startups VanEckthe global investment asset management giantentered the venture capital (VC) sector by launching its first fund. According to what reported, it seems that the objective of the new VanEck Venturesa start-up fund of 30 million dollarsit’s from invest in fintech, crypto and AI startups. In practice, VanEck Ventures will be present in the pre-seed and seed…

Nvidia (NVDA) stock rose 4% on Tuesday, marking its fifth straight day of gains.Wall Street analysts at KeyBanc, Citi (C), Bernstein and several other investment firms reiterated their buy ratings on the stock this week.KeyBanc analysts raised their fiscal 2025 sales outlook for Nvidia from $128.5 billion to $130.6 billion, with Nvidia’s new flagship Blackwell AI chips contributing $7 billion to fourth-year revenue. quarter. That’s more than Wall Street’s consensus estimate of $125.6 billion for 2025 revenue, according to Bloomberg data.Even as production of Nvidia’s Blackwell chips ramps up, KeyBanc said in a note to investors Monday that demand for…

Press release, Orbis Research – The Fintech Apps Market operates at the intersection of innovation, technology and globalization, encompassing a wide range of industries and sectors ripe for growth and transformation. In this report, we provide a comprehensive analysis of the Fintech applications market, examining its key trends, drivers, challenges and adaptations in response to geopolitical impacts. Request a sample report @ https://www.orbisresearch.com/contacts/request-sample/7194299 The market spans multiple sectors, including technology, healthcare, finance, manufacturing and consumer goods, offering a wide range of opportunities. As economies become increasingly digitalized and smart technologies continue to advance, the market is experiencing remarkable growth…

NVIDIA (NVDA) is best known for its highly coveted artificial intelligence chips. But at the Nvidia AI Summit in Washington, D.C., on Tuesday, Nvidia’s vice president of enterprise platforms, Bob Pette, gave a keynote offering a better overview of the company’s various software platforms.Nvidia says companies ranging from AT&T (T), Deloitte and Quantiphi as well as research centers like the National Cancer Institute and the SETI Institute use their software technologies to do everything from helping employees with software development and network engineering tasks to searching for signs of extraterrestrial life.Nvidia has a number of AI software platforms, including Nvidia…

Unlock Editor’s Digest for freeRoula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter.Samsung Electronics issued a public apology and acknowledged that the company was considered to be in “crisis” following Tuesday’s release of worse-than-expected profit forecasts.The South Korean chip giant reported preliminary third-quarter operating profit of 9.1 billion won ($6.8 billion), below market expectations for a profit of 10.3 billion. of won, according to LSEG SmartEstimates.While its expected operating profit almost tripled from the same period last year, following a surge in memory chip prices, it is down almost 13 percent from the second quarter…