Author: nripn

Healthcare Financing NewsEmployee Trust Needed to Support Clinical AIAt the enterprise level, there is no shortage of AI opportunities around the economic value of the application, says Dr. Peter Bonis,….10 hours ago

The Federal Deposit Insurance Corporation (FDIC), a key U.S. banking regulator, has proposed new rules for Banks collaborate with fintech companies. The proposal aims to strengthen record-keeping requirements for accounts held by fintechs on behalf of their customers, a move that could have a significant impact on the growing Banking-as-a-Service (BaaS) sector.Under the new rules, banks partnering with fintech companies will have to identify the beneficial owners of each account and its balance. Beneficial ownership refers to the person or entity that ultimately controls or benefits from an account, a concept that is critical to preventing financial crime and ensuring…

SUMMARY In his new role, Pulyani will be responsible for product development and innovation as well as developing strategic growth initiatives for Cashfree. Prior to this, Pulyani was the Product Manager at Jupiter, a Mumbai-based fintech startup. Recently, Cashfree appointed former Razorpay SVP Harsh Gupta as its Chief Revenue Officer (CRO). Fintech Start-up Cashless Payments has hired former PhonePe executive Nitin Pulyani as its chief product officer and senior vice president (SVP). In his new role, Pulyani will be responsible for product development and innovation as well as developing strategic growth initiatives for Cashfree, the company said in a statement.…

Securities.ioBank of Canada Goes All-In on AI, Despite Risks from Inflationary PressuresOffering the latest industry news and analysis on disruptive technologies, digital assets and digital securities..2 hours ago

NEW YORK (AP) — The U.S. Justice Department has filed an antitrust complaint against Visa, alleging that the financial services giant uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.The complaint filed Tuesday claims that Visa penalizes merchants and banks that don’t use its own payment processing technology to handle debit transactions, even though alternatives exist. Visa collects additional fees on each transaction processed on its network.According to the Justice Department’s complaint, 60% of debit transactions in the United States occur on Visa’s debit network, allowing it to charge…

Home NewsLatest News: PM Modi visits Global Fintech Pavilion in Mumbai live Latest News: Stay up to date with the latest developments happening around the world. Read below for today’s top news stories. Latest News LIVE, August 30, 2024: Prime Minister Narendra Modi will visit Maharashtra today to lay the foundation stone for the Rs 76,000-crore Vadhvan Port project in Palghar and will also address the Global Fintech Fest 2024 in Mumbai. In a message posted on X, Prime Minister Modi wrote, “I look forward to being among the people of Maharashtra tomorrow, August 30. I will be participating in…

A fintech unicorn based in New Delhi BharatPe has joined the Indian government-backed Open Network for Digital Commerce (ONDC) allowing its customers to order food directly through its app. The new feature aims to streamline the customer experience by eliminating the need for multiple apps on a smartphone. The integration will enable BharatPe’s 15 million users to access over 1.4 lakh restaurants across 400+ cities, simplifying food delivery with a more seamless experience. Provide real-time order tracking The integration is the first significant step forward since BharatPe launched its consumer payments platform in August. Customers can now order from local…

Digital platform 9 Payment Service Bank said women have been able to break barriers in the fintech and finance space despite the challenges they face. This was disclosed by the Managing Director/CEO of 9PSB, Branka Mracajac, at the Digital Pay 2024 Exhibition and Trade Show held in Lagos with the theme ‘Redefining Payment’. In a statement by the digital bank on Tuesday, Mracajac spoke at a session on women in Fintech, titled “Inclusive Finance for SMEs,” designed to mentor participating female students in tertiary institutions in Lagos State. She highlighted that women have made significant inroads in the fintech sector…

Nicole Inui, head of U.S. and Latin American equity strategy at HSBC, joins BNN Bloomberg to discuss which sectors can withstand the volatility brought on by the recession. (Bloomberg) — HSBC Holdings Plc wants to join the rush to finance the infrastructure needed to deploy artificial intelligence, according to one of the bank’s most senior investment bankers.“We’re expanding our presence in infrastructure finance right now,” Gerry Keefe, co-head of global banking coverage at HSBC, said in an interview with Bloomberg Television on Monday. “That’s going to be a focal point for the next couple of years.”Last week, BlackRock Inc. and…

Fintech founded in Denmark Ageras announced today that it has lifted 82 million euros for new acquisitions in an oversubscribed private placement round that brings the company’s funding to nearly €200 million. Ageras was founded in 2012 by serial entrepreneurs Rico Andersen and Martin Hegelund as an online marketplace connecting small businesses with accountants and bookkeepers. Today, however, it has has grown into a fintech company with approximately 250 employees and a comprehensive cloud-based software product. Ageras pprovides accounting software to over 300,000 active European small businesses. By integrating its solutions into a single cockpit for invoicing, accounting, payroll, banking…