Author: nripn

Healthcare Financing NewsAI Model Safety vs. Ease of AdoptionCISOs must have the curiosity to seek answers when they detect that something is wrong when AI innovations are integrated….1 day ago

In 2024, we are poised to witness major advancements in financial technology that will improve efficiency, security, and accessibility. Here’s a look at the top ten trends propelling the industry forward and marking critical areas of development for the digital transformation of finance. Automated reconciliations In short, reconciliation is the process of matching multiple sets of data to ensure that all intended transactions have been completed. When done on a timely and regular basis, it helps businesses maintain consistency in transaction flows and protect their finances from pitfalls such as overdrafts or fraud. Historically, reconciliation was manual, but financial process…

Investors may be bracing for an initial public offering (IPO) renaissance, but if the PYMNTS FinTech IPO Index is any indication: Caveat emptor. There is a growing demand for conclusion of agreementsfor startups to be acquired for the purpose of buying rather than building operations, and for FinTech companies, in particular, to go public as they raise capital. Monzo stands out here, having raised more than $430 million in a funding round this month. Nothing may be among the companies that will publicthus providing investors with an additional opportunity to play in the ‘buy now, pay later’ (BNPL) space. Klarna…

Healthcare Financing NewsAI Highlights the Importance of Getting Security Basics RightThe risk is that a cyber attacker will use AI to process a volume of data and discover a corner of the environment that we didn’t know about,…2 days ago

The Wise logo displayed on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket via Getty ImagesBritish fintech company Wise nearly quadrupled its pretax profit in its half-year results released on Tuesday, citing a boost from rising interest rates.Wise reported revenue of £498.2 million, up 25% on the previous year, for the six months ended 30 September 2023. Including interest income, the company’s total revenue was £656 million for the period, up 58% on the previous year.Before tax, the company’s profit was £194.3 million, up 280% on the previous year.Wise said it benefited from higher interest rates, continuing a trend…

SUMMARY Chennai-based fintech company Paysharp receives final approval from RBI to act as a payment aggregator The startup, founded in 2019, has raised INR 23 crore in two funding rounds, with the latest valuation at INR 200 crore Paysharp offers flat-rate pricing for merchants, focusing on non-card-based payments like UPI and virtual account solutions The Chennai-based fintech startup has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). The company said in a statement that it received the final approval last month, after obtaining a license in principle in December 2022.…

Following last week exciting announcement—a strategic partnership between The FR And Marcel van Oost—we sat down with Marcel to learn more about his journey in fintech, his unique perspective on the fintech space, and why he decided to partner with The FR through its newsletters “Connecting the dots in FinTech”. The following interview has been edited for length and clarity.Thanks for being here, Marcel! I wonder if you could briefly introduce yourself and tell us how you got started in the fintech world.Absolutely! My name is Marcel van Oost and I am the owner of “Connecting the dots in FinTech”,…

Chennai-based fintech startup Paysharp has received final approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). The approval, which was granted on August 30, 2024, follows a license in principle the company received in December 2022. The final approval places Paysharp among the 36 PAs approved by the RBI, which also includes major players like Razorpay, Cashfree and Stripe. Merchant Integration With the RBI’s permission, Paysharp can now onboard merchants and officially participate in the Indian payment ecosystem. The startup primarily focuses on non-card-based payment solutions, offering services like Unified Payments Interface (UPI) and…

North Korea-linked malicious actors have been responsible for a third of all phishing activity targeting Brazil since 2020, as the country’s emergence as an influential power has attracted the attention of cyber espionage groups. “Actors backed by the North Korean government have targeted the Brazilian government and the Brazilian aerospace, technology, and financial services sectors,” Google’s Mandiant and Threat Analysis Group (TAG) divisions said. said in a joint report released this week. “Similar to targeting interests in other regions, cryptocurrency and fintech companies have come under particular scrutiny, and at least three North Korean groups have targeted Brazilian cryptocurrency and…

Stay informed with free updatesSimply sign up for the Artificial intelligence myFT Digest – delivered straight to your inbox.The three main Western jurisdictions developing artificial intelligence technologies have signed the first legally binding international treaty on the use of AI, as companies fear a patchwork of national regulations could hamper innovation. The United States, EU The United Kingdom and Britain signed the Council of Europe’s convention on artificial intelligence on Thursday, which emphasizes human rights and democratic values ​​in its approach to regulating public and private systems. Other countries continued to sign the pact on Thursday.The convention was developed over…