Author: nripn

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…

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

July 19, 2024 Written by FinTech Alliance in Financial Technology Coast, a fintech startup known for its innovative fleet and expense management solutions, secured $40 million in its latest funding round. This new influx of capital comes just four months after the company raised $25 million, underscoring investor confidence in Coast’s growth and business model. The funding round was led by Accel, with participation from existing investors Insight Partners and Greycroft. Coast plans to use the funds to improve its platform, expand its team and accelerate its market presence, with the aim of revolutionizing the fleet management industry with more…

Visa Takes on Financial Crime: Acquires Specialized AI Fraud Feature Space, Bolstering Payment SecurityVisa Inc. (NYSE:V) shares are trading higher on Thursday. The company signed an agreement to acquire Feature space for an undisclosed amount.Featurespace is a developer of real-time AI payment protection technology that addresses fraud and financial crime risks.This acquisition is expected to strengthen Visa’s portfolio of fraud detection and risk assessment solutions, helping customers around the world grow and protect their businesses.The partnership between Visa and Featurespace is expected to enable customers to manage fraud in real-time and strengthen the payments ecosystem with AI-powered solutions.Read also: Visa…