Author: nripn

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…

Securities.ioAccelerating Methane Emissions Put Scientists on Alert as Earth Continues to WarmOffers the latest industry news and analysis on disruptive technologies, digital assets and digital securities..3 days ago

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.…

MANAMA, BAHRAIN – Bahrain FinTech Bay (BFB), the builder of Bahrain’s fintech ecosystem, has unveiled its 2024 strategy aimed at propelling Bahrain’s fintech sector to new heights. Following its acquisition by BENEFIT in September, the organization is poised to further transform the fintech landscape in Bahrain and the wider region. BFB will support BENEFIT in its research and development initiatives that will include industry reports and feature articles, acceleration programs, and fostering innovation in the Kingdom as a whole. BFB will also establish a world-class Fintech Academy in collaboration with a renowned international academic institute that will offer exclusive courses…

The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, in a move that could catalyze the use of the technology in areas ranging from trading to investment banking and cryptocurrencies.The city’s Bureau of Financial Services and Treasury plans to release a framework of guidelines to address the ethical use of AI and general principles for applying the technology in the financial world, the people said, asking not to be identified discussing private information. Officials are still drafting the document while gathering feedback…

Fintech giant Paytm is facing a storm of controversy. Rumours of layoffs are rife, thwarted by Paytm’s denials. But disgruntled employees paint a different picture, alleging forced resignations. Is Paytm headed for a BYJU’S-like downfall? Last week began with worrying news of layoffs at Paytm. Despite Paytm’s immediate denial of such developments, stating that “tThere are no layoffs in progressSources have contradicted this claim. Internal reports revealed that layoffs were indeed taking place, with one employee, speaking on condition of anonymity, saying that employees were being forced to resign. And the week ended with the news of Marshal Wace offloading…