Author: nripn

While the previous year in the financial technology While the landscape has proven to be difficult, marked by the introduction of new regulations and the adjustment of their business models by players in the sector, the current year has witnessed a calmer atmosphere, with funding down significantly by almost 68% year-on-year. The consequences of these changes have led to a measured and recalibrated approach within the fintech sector. Within this cautious landscape, specific segments have gained attention for their resilience and adaptability. However, it is crucial to recognize the broader sense of restraint that prevails in the industry. As we…

BharatPe and his co-founder Ashneer Grover to have settled their two-year legal dispute, according to a statement released by the New Delhi-based financial technology company.“As part of the settlement, Grover will not be associated with BharatPe in any capacity and will not be part of the shareholding of the company,” the company said.Grover’s shares will be transferred to a family trust, according to the release. Even if part of its shares will be transferred to Resilient Growth Trustthe remaining stake will be managed by his family trust, the company added.-Ashneer_Grover (@Ashneer_Grover) “I have reached a landmark settlement with BharatPe. I…

open sharing links close sharing links These days, it’s not uncommon to use Venmo to split the dinner bill or Apple Pay to buy a coffee, but that wasn’t always the case. Ten years ago, most of us took money out of our wallets or handed over our credit cards to make a purchase, without taking out our phones to pay at the register. “When Google Pay and Apple Pay were just getting started, it took them a long time to take off,” said Mohit KansalSenior Vice President of Global Payments and Payer Services at Flywire, a global payments software…

Free newsletterReceive the latest Swiss Fintech news once a month in your inbox2023 has been a difficult year for the fintech sector, marked by high inflation, political unrest and a looming global recession. The current context of macroeconomic uncertainties has led investors to become more reluctant to take risks. This change in attitude reduced their willingness to make substantial investments, thereby putting an end to their investing mania.But despite the challenges, the Portuguese fintech ecosystem has shown resilience, with investment, talent, business and innovation continuing to accelerate this year. This growth has been driven by significant developments in sectors such…

New Delhi: The third edition of Fintech Festival India kicked off on March 6, marking the start of a three-day extravaganza celebrating innovation, collaboration and inclusion in the fintech sector. The event was attended by Union Minister for Information and Technology Ashwini Vaishnaw, who lauded the remarkable progress made by the Modi government over the last decade. Minister Ashwini Vaishnaw told ANI, “This is a type of industry that brings transformative changes. Prime Minister Narendra Modi has made dreams of $140 million a ‘Viksit Bharat ka Sankalp’ come true and the Fintech industry is playing a crucial role in this.…

Egyptian fintech startup SETTLE has raised $2 million in seed funding to accelerate its global expansion and further develop its platform. Founded in 2023 by Kamil Sayour and Mostafa Mobarak, ADJUST is a web-based B2B payments platform that aims to modernize businesses’ financial operations by simplifying payment processes and collecting real-time cash flow data and insights. Currently in its pre-launch phase, the startup has already processed more than 50 million Egyptian pounds ($1 million) in transactions during tests in sectors such as construction, energy and contracting, and it has now secured $2 million in pre-seed funding to accelerate its growth.…

By Gloria Mathias July 26, 2024 Credible Diamond Trust Bank Ebanx FinTech continues to play a central role in transforming and reshaping the traditional contours of the financial sector. As technology becomes more intertwined with financial services, FinTech innovations are not just incremental but rather revolutionary, paving the way for improved efficiency, accessibility and innovative business models. This week’s FinTech Focus presents a selection of the most significant developments that highlight the dynamic nature of this sector. Let’s look at the top six announcements made by FinTech bigwigs this week: CredAble is proud to announce its partnership with Finastra to…

California Governor Gavin Newsom has vetoed a first-of-its-kind state bill that could potentially enact the nation’s most impactful artificial intelligence regulations.The measure, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, would require security measures from companies that spend more than $100 million to train AI models. It aims to prevent potential harm caused by AI, such as mass casualty events, and includes implementing a “kill switch” to completely shut down a malicious model.California is home to some of the biggest players in AI, including: OpenAI, Anthropic, Google (GOOG), and meta (META). However, in his veto…

MoneycontrolShort call | Can the second quarter results justify the record market recovery? PB Fintech and Amara Raja FeaturedLast week, India’s frontline indices hit record highs every day, fueled by the US Fed’s outsized rate cut, which redirected foreign investors….2 years ago hours

Yahoo FinanceComment: AI enters a whole new dimensionWhat was hot in AI last week is already outdated… 14 hours ago