Author: nripn

SUMMARY PB Fintech is likely to make a one-time investment of $100 million to acquire a 30% stake in a new healthcare company after gaining approval from its board of directors. Brokerage firm Bernstein maintained its “outperform” rating on PB Fintech with a price target of INR 1,750 per share. PB Fintech reported a consolidated net profit of INR 59.98 Cr in Q1FY25 compared to a loss of INR 11.9 Cr in the year-ago quarter. Shares of PB Fintech, the parent company of Politics Bazaar and Paisabazaar, jumped over 4% to INR 1,715.40 each on the BSE in today’s (September…

TEMPO.CO, Jakarta – Google CEO Sundar Pichai announced funding plans of $120 million, or around Rs 1.8 trillion, for AI education and training globally. Speaking at the UN Future Summit 2024, Pichai described AI as “the most transformative technology” of the moment.“To avoid a global AI divide,” Pichai said, as quoted by Tech Crunch, Saturday, September 21.In the global agenda, he highlighted four major opportunities to be developed with the help of AI. Artificial intelligence, he said, can help people access information in their own language, accelerate scientific discovery, provide warnings and tracking of climate disasters, and drive economic progress.Dubbed…

BASIC Home Loan, a fintech startup, raised $10.6 million in its Series B funding round. The round was led by Bertelsmann India Investments (BII), alongside CE-Ventures. Existing investors Ashish Kacholia, Gruhas, Let’s Venture, 9Unicorns and Venture Catalysts also participated in the new round of core home loans. “With its superior technology stack, the company has created a simple, unique and transparent solution in the industry and become a leading channel partner for lenders in less than 3 years. We are seeing strong tailwinds in the sector due to favorable government policies, especially for low and middle income groups, increasing nuclearization…

Healthcare Finance NewsAI goes beyond experimentation modeCIOs and other IT leaders are expected to explore practical applications of AI this year, such as its use in administrative functions,….12 hours ago

Fintech start-up Basic home loanan automation platform real estate loans for middle and low income households in India, raised $10.6 million (Rs 87.5 crore) under a Series B financing round. The investment was led by Bertelsmann India Investments (BII), the strategic investment arm of German giant Bertelsmann SE & Co. KGaA, as well as CE-Ventures, the venture capital platform of Crescent Enterprises, a leading diversified global enterprise headquartered in the Arab Emirates united.Existing investor Ashish Kacholia invested further and increased his stake in the company, while the round also saw participation from existing investors including Gruhas, Let’s Venture, 9Unicorns and…

Finastra today announced the appointment of Mike Stawchansky as Senior Vice President and Chief Technology Innovation Officer. Mike works in the CEO’s office and is responsible for Finastra’s technology and innovation client initiatives. Mike said, “I am very excited to be part of Finastra and am truly inspired by the passion and enthusiasm I see here around providing innovative and modern technology solutions to our clients. Additionally, it is an honor to lead such an advanced Generative AI (Gen AI) team. Finastra is ahead of the curve when it comes to training its staff on how to use this technology…

We recently compiled a list of 10 Best Fintech Stocks to Buy Now. In this article, we’ll take a look at where Fiserv, Inc. (NYSE:FI) stacks up against other fintech stocks. If you are interested, you can also read our article on 12 Best Financial and Fintech ETFs to Buy.Fintech services have become an integral part of our lives in recent years, significantly changing the financial sector. Consumers no longer need to queue at banks to get their statements, participate in money transfers or carry heavy wallets to pay for groceries in cash only. Mobile banking, credit cards and digital…

Cathie Wood’s Ark Invest dumps Palantir stock amid S&P 500 inclusion and expanded AI allianceBenzinga and Yahoo Finance LLC may earn commissions or revenue from certain articles through the links below.Wednesday, the Cathie Bois-directed Ark Invest made a notable move by selling a significant portion of its stake in Palantir Technologies Inc. (NYSE:PLTR).Palantir’s business: THE ARK Innovation ETF (NYSE:ARKK) sold 62,809 shares of Palantir. The sale took place just a few days later Inclusion of Palantir in the S&P 500 Indexsubstitute American Airlines Group, Inc.. This inclusion could potentially boost Palantir’s stock as it gains exposure to investors and as…

Thanks to technological advancements, the financial sector has seen significant growth and transformation. In this context, the term FinTech has gained popularity.According to Invest India, India has become the fastest growing FinTech market in the world, with an adoption rate of 87%. Furthermore, the market size is poised to reach $1.5 trillion by 2025. So it is true that the dynamic merger of finance and technology is certainly leading the financial sector towards a new era of innovation and accessibility.Therefore, beyond convenience, technology adoption plays a vital role in shaping the future of FinTech, driving financial inclusion. So, by offering…

Businesses are outsourcing more finance and accounting functions to service providers, seeking tailored solutions with modern technology, according to the ISG Provider Lens™ report.STAMFORD, Conn., September 25, 2024–(BUSINESS FEED)–Companies have expanded their outsourcing of financial and accounting operations while demanding more specialized capabilities from vendors, according to a new research report released today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and consulting company.The 2024 ISG Provider Lens™ Global Financial and Accounting Outsourcing (FAO) Services Report reveals that a growing number of companies are interested in comprehensive service packages that go beyond traditional outsourcing. They want…