Author: nripn

Turkish FinTech leader Papara has acquired SadaPay, an innovative e-money institution based in Pakistan, according to FF News.Papara, which has 20 million users, aims to expand its presence in South Asia with this 100% purchase of SadaPay.The acquisition, valued at $1.5 billion in annual payment volume, is a strategic move following Papara’s recent expansion in Europe with the acquisition of Spanish company Rebellion in 2023.SadaPay, founded by Brandon Timinsky in 2019, has quickly become a key player in the FinTech landscape with 1 million users, offering features such as P2P money transfers, debit cards, and other payment products. It is…

Front-end Developer / Software Engineer (TypeScript React) *Newcastle onsite* up to £100,000Do you have top-notch training combined with TypeScript and React business skills?You could advance your career at an early-stage investment management firm with strong backing and an established hedge fund client as a partner, in a role you can shape and influence.As a Front-End Developer, you will be responsible for technical projects, designing and developing user interfaces and client dashboards for cutting-edge trading systems. You will join a small team and will be empowered to work independently and leverage new and emerging technologies.Location / WFH: You will join your…

NEW YORK (AP) — Your wallet could soon get thinner.Visa announced major changes Wednesday to how credit and debit cards will work in the United States in the coming months and years.These new features could mean Americans will carry fewer physical cards in their wallets and make the 16-digit credit or debit card number printed on each card increasingly unnecessary.The changes will be among the biggest in how people pay in the United States since the country introduced chip cards several years ago. They also come as Americans have many more options for paying for purchases beyond “credit or debit,”…

Revolutionizing financial planning with cutting-edge artificial intelligence technology JERSEY CITY, NJ, September 16, 2024 (Newswire.com) – Lender Market, a leading provider of financial solutions, is pleased to announce the launch of its new AI-powered Financial Advisor service, specifically designed for business owners. This innovative platform leverages advanced artificial intelligence to deliver personalized financial insights, helping businesses navigate the complexities of financial planning with ease and efficiency.“At Lender Market, our mission has always been to provide businesses with the tools they need to succeed financially,” said Eli Ofel, CEO of Lender Market. “Our new AI Financial Advisor service is a game…

With the advent and widespread adoption of technologies such as machine learning (ML) and generative AI, the InsurTech sector is expected to face tighter regulatory boundaries in 2024. But what does this mean for the industry? Global FinTech I spoke to many industry experts to find out. The InsurTech space is poised for significant regulatory change in 2024 as emerging technologies and market dynamics continue to reshape the insurance landscape. Experts anticipate a wave of new regulations aimed at addressing key areas such as data protection, cybersecurity, and the ethical use of artificial intelligence (AI). These evolving regulatory trends are…

Mumbai-based fintech firm Veefin has acquired a 26% stake in EpikIndifi, a software solutions provider for banks and financial institutions. The deal, which was executed through a cash-and-stock swap transaction, valued EpikIndifi at Rs 125 crore. This is Veefin’s third acquisition this year. In early June, the company acquired Regime Tax Solutions (known for its TaxGenie and PayInvoice products) and the Indian arm of global technology firm Nityo Infotech in August. Subscribe to our newsletter for a daily overview of the startup ecosystem Veefin to expand stake Veefin’s long-term plan is to expand its stake in EpikIndifi beyond the current…

The Hong Kong government is preparing to take a stance on artificial intelligence in the financial sector, launching concrete applications of AI in relevant areas including trading, investment banking and cryptocurrency. Officials are expected to make a statement in late October, during Fintech Week. Hong Kong’s Financial Services Bureau and Treasury is set to provide guidelines for the ethical use of AI and its general application in the financial sector, with the documents currently being drafted and likely to be adjusted based on industry feedback – an indicator of Hong Kong’s support for AI. Hong Kong, in the midst of…

Scotland’s fintech sector continues to thrive. Earlier this year, FinTech Scotland, the cluster’s management body, reported a 24% increase in jobs in the sector since 2021. Scotland-based fintechs now employ more than 10,500 people across more than 220 companies. The continued increase in the number of fintechs based in Scotland is driven by an increase in the number of fintech SMEs, increased growth and profitability of early-stage companies and the establishment of international companies in Scotland, the most recent example being the establishment of Australian fintech Halo in Glasgow. With strong momentum, the Scottish fintech community comes together for the…

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Marking its third acquisition in three months, BSE-listed fintech startup SME Veefin Solutions has acquired a 26% stake in EpikInDiFi in a share-swap deal that values ​​the latter at INR 125 crore. Veefin will increase its stake in EpikInDiFi to 100% over the next two years in phases, co-founder and COO Gautam Udani told Inc42. As part of the deal, EpikInDiFi founders Rajendra Awasthi, Sushmitshri Babu and Vaidyanathan Balasubramaniam will acquire stakes in a subsidiary of Veefin. However, Udani did not reveal the size of the stake or the name of the subsidiary in which the founders will acquire stakes.…