Author: nripn

Infosys And Wipro will be among the first Indian software companies to start their fintech hubs at Gujarat International Finance Tec-City (GIFT CITY), which is among Prime Minister Narendra Modi’s dream projects. Both companies have occupied large office spaces within International Financial Services Centre (IFSC) to set up their operations under the TechFin Frameworkthrough which they will focus on services aligned with financial technology meet the needs of their international customers. The Prime Minister reviewed this development, along with other key issues, during his visit to GIFT City on Monday. The GIFT City TechFin framework is part of the broader…

We recently published a list of Beyond the Tech Giants: 35 Non-Tech AI Opportunities. In this article, we’ll look at how Voya Financial, Inc. (NYSE:VOYA) stacks up against other non-tech AI stocks.Investors are desperate for a safer way to profit from the AI ​​boom that has swept the U.S. stock market in recent months. Investment bank Goldman Sachs recently released an investor note detailing the sectors of the economy that stand to benefit from the AI ​​craze, replacing the obvious tech bull cases with thoughtful analyses of AI’s long-term impact on utilities, manufacturing, retail and healthcare. AI tools appear poised…

Salesforce (CRM) unveiled its new suite of autonomous artificial intelligence agents ahead of its annual Dreamforce conference on Thursday, saying its Agentforce platform represents “the third wave of the AI ​​revolution.”Speaking to reporters, CEO Marc Benioff said the deployment of digital agents marks the beginning of a hybrid future in which humans and AI agents will work side by side.“This is the biggest, most exciting technology project we’ve ever worked on,” Benioff said. “We’re just getting started.”Agentforce enables Salesforce business customers to build and deploy AI-powered agents tailored to their business needs. It leverages all the data stored in the…

NEW YORK, May 8, 2024 /PRNewswire/ — Could 2024 be the year that generative artificial intelligence (AI) sees accelerated adoption in finance and accounting? Deloitte Control CenterMT surveyWhile few executives (6.6%) say their organizations have already implemented generative AI solutions to support finance and accounting processes, many more indicate they are actively discussing use cases (15.4%) or have future plans to adopt the technology (27.8%). Looking ahead to the next 12 months, surveyed executives say cash flow forecasting (23.7%) presents the greatest opportunity for generative AI within their organization’s finance and accounting function, followed closely by scenario planning (21.1%), expense…

Company logoNorth American Fintech Market The largest Fintech companies in the United States in billions of USD in 2021North American Fintech Market The largest Fintech companies in the United States in billions of USD in 2021Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) — The “North America Fintech Market Size and Share Analysis – Growth Trends and Forecast (2023-2028)” the report has been added to ResearchAndMarkets.com’s offer.The North American Fintech market size in terms of transaction value is expected to grow from USD 4.93 trillion in 2023 to USD 9.52 trillion in 2028, at a CAGR of 14.07% during the forecast period…

The 18% drop in the cryptocurrency market in the last 24 hours has caused a major shockwave that has led to huge liquidations of leveraged positions. With the price of Ethereum dropping by over 20%, several rumors started circulating that Tron founder Justin Sun had been the victim of liquidations of over $152 million in leveraged positions. However, the Tron founder denied these developments, clarifying the liquidation process. Justin Sun clarifies liquidation situation The recent selloff in the cryptocurrency market during Asian trading hours on Monday led to more than $1 billion in total losses Cryptocurrency Market LiquidationsMost traders with…

Money transfer and fintech company Wise announced Friday that some of its customers’ personal data may have been stolen the recent data breach at Evolve Bank and Trust. The news highlights that the fallout from the Evolve data breach on third-party companies — and their customers and users — is still unclear, and it’s likely to include companies and startups that are still unknown. In a statement published on its official websiteWise wrote that the company worked with Evolve from 2020 to 2023 “to provide information about USD accounts.” And given that Evolve was recently hacked, “personal information of some…

Artificial intelligence (AI) is poised to revolutionize finance and housing, bringing both game-changing benefits and thorny new risks that demand vigilant oversight, a bipartisan House panel concluded. The House Financial Services Committee’s AI Task Force, created in January by the chairman Patrick McHenryR.N.C., and ranking member Maxine Waters, D-Calif., examined the impact of AI on finance through a series of roundtables with regulators, market participants and consumer advocates. In a report Released Thursday, July 18, the group highlighted AI’s potential to expand access to credit, improve fraud detection, and enhance customer service. However, it also warned of challenges related to…

Welcome to Fintech TechCrunch! Last week was a holiday in the US, so the news was a little lighter than usual. But there were still some fintech-related items to report, including the ongoing drama surrounding Synapse and its partner Evolve Bank, Revolut’s record year, and more. To receive a digest of TechCrunch’s biggest and most important fintech stories in your inbox every Tuesday at 8:00 a.m. PT, subscribe here. The big story Evolve Bank Data breaches continue to occur in the fintech sector, and several startups are feeling the impact of this mess. Yield StreetFor its part, some of its…

Accounting and finance professions have long adapted to technology, from calculators and spreadsheets to cloud computing. However, the emergence of generative artificial intelligence presents both new challenges and opportunities for students looking to advance in the world of finance.A study last year by investment bank Evercore and Visionary Future, which incubates startups, highlights the disruption that generative AI is causing in the job market. Analyzing 160 million jobs in the United States, the study found that service sectors such as law and finance are highly susceptible to disruption caused by AI, even if a complete replacement of jobs is unlikely.On…