Author: nripn

ToneTag, an Amazon-backed Fintech startup, in talks to raise $50 millionToneTag, an offline mobile payments startup, is in preliminary discussions with Iron Pillar, a Mumbai-based venture capitalist, to raise at least $50 million (around INR 420 crores) through a combination of sales of primary and secondary actions. This round of funding should attract new investors to the startup’s capital.Key details of the financing cycleInvestment structure: The financing is expected to consist of a primary capital injection of $30-35 million.Valuation growth: The transaction is likely to more than double ToneTag’s previous valuation of $100 million.Investor participation: Iron Pillar is expected to…

The integration of AI into accounting is not just a technological advancement; this marks a paradigm shift in the way financial data is reviewed, audited and reported. The big four – Deloitte, EY, PwC and KPMG – have strong AI initiatives to improve their services and offer advanced solutions to clients. Sudhir Chowdhary takes a look at their AI game plan. DELOITTE INDIAPrashanth Kaddi, partner AI brings many benefits ‘This is the sixth time he is inaugurating the same project’: Supriya Sule takes digs at PM Modi after Pune Metro inauguration is postponed 11 countries already recognize the Indian Pharmacopoeia…

Bitcoin.com News Ivory Coast fintech startup Waribei raises funding to boost support for small businesses Ivory Coast fintech startup Waribei has raised $820,460 in pre-seed funding to expand its platform, which aims to streamline financial transactions…. 12 hours ago

LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) — NASDAQ-listed AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), Hong Kong’s leading one-stop financial supermarket, has released its financial report. results for the first quarter of 2024. AGBA is excited to reveal its expansion plans, including the planned acquisition of Triller in the United States and the completion of the acquisition of Sony Life in Singapore. The company is in the acquisition process with Triller and looks forward to a successful completion. Once completed, AGBA’s headquarters will be relocated to Los Angeles. The combined company will strategically focus on…

It programs the exercises I like, takes into account possible injuries, monitors my efforts, corrects my form and sends me motivational messages. Thanks to artificial intelligence (AI), it now has the potential to create even more personalized workouts for even more customers. I suppose AI could replace him entirely, but the fact that Doug is a real person is important. I know he’s watching and I believe he’s invested. I feel like I’ll disappoint him if I don’t show up every day. I wouldn’t care if he was a robot. My experience with Doug is a case study in how…

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday warned that heavy reliance on artificial intelligence (AI) could lead to concentration risks in the financial sector. RBI Governor Shaktikanta Das addresses the high-level conference ‘Central Banks at the Crossroads’, in New Delhi. (PTI) The governor was speaking at the 90th High Level Conference organized by the Reserve Bank of India in New Delhi. He noted that the growing use of AI could allow a few technology providers to dominate the market, which could pose systemic risks. “Heavy reliance on AI can lead to concentration risks, particularly when a small…

← Blog homeGo to ↓ The FinTech market is growing rapidly, with revenues expected to reach $1.5 trillion by the end of the decade, according to the Boston Consulting Group.and in doing so, its power to revolutionize financial services continues to grow and evolve. The race for innovation shows no signs of slowing, and banks and credit unions must be agile to seize opportunities and guard against the threats posed by disruption. As we look to the future, four key fintech trends stand out and are expected to shape the landscape in 2025 from an operational and risk and fraud…

Welcome to TechCrunch Fintech (formerly The Interchange)! In this edition, I’ll take a look at a fintech being sold in a fire sale, a group of startups that are rising, and much more! To receive a roundup of TechCrunch’s biggest and most important fintech stories in your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big story The saga continues. In mid-May, TC’s Manish Singh reported that the founders of ZestMoney had resigned from the startup. The Indian fintech, whose ability to secure small loans to new internet customers, has already attracted the support of many high-profile investors,…

SUMMARY DMI Finance has appointed Niraj Khandelwal as Group Chief Financial Officer and Rachit Gupta as Group Head of Treasury While Khandelwal previously worked at Credit Suisse as head of financial accounting and regulatory reporting in Mumbai, Gupta recently worked with SMFG Grihashakti as head of treasury. Founded in 2008, the company acquired struggling fintech startup ZestMoney earlier this year. NBFC arm of financial services provider DMI Group DMI Finance has strengthened its management team with two key appointments. DMI Finance has recruited Niraj Khandelwal as Group Chief Financial Officer and Rachit Gupta as Group Treasury Head to further strengthen…

The use of AI in corporate financial services is becoming increasingly important, as highlighted in a recent survey conducted by Wolters Kluwer. According to Fintech financingThe survey, conducted among 181 finance executives, found that a significant 68% of CFOs believe AI is crucial to their financial operations, particularly in areas such as financial reporting.Despite this enthusiasm, the survey shows that a majority of finance teams are still in the early stages of AI integration. Around 9% of organizations surveyed have begun to expand their AI initiatives, navigating the complexities of effectively leveraging AI to improve operational efficiency and decision-making.Tech giants…