Author: nripn

Latest AI innovations help customers increase productivity, expand insights, improve decision-making and capitalize on growth opportunities LAS VEGAS, September 9, 2024 /PRNewswire/ — SuiteWorld — Oracle NetSuite today announced new AI-powered updates for NetSuite Enterprise Performance Management (EPM)The latest updates will help finance teams streamline reporting, expand insights, improve decision-making, and steer their business toward new growth opportunities. “Finance teams often spend a lot of time collecting data and creating stories to explain financial results, justify important decisions, and forecast future growth. This can be a labor-intensive process that often diverts time from more strategic analysis and slows decision-making,” said…

Unicorn Fintech slice is reportedly preparing to raise Rs 300 crore (around $36 million) through convertible bonds debt. According to a report by Entrackr, several key investors including Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust and MN Family Trust will co-lead the debt. The report said each of these trusts invested Rs 30 crore, adding that Blume Ventures and 8i Ventures invested Rs 27 crore and Rs 25 crore respectively. Participation of other key investors In addition to major investments from family trusts and venture capital firms, several other investors also joined the round. These include Inland…

By 2026, the vast majority (90%) of finance functions will deploy at least one AI-based technology solution, but less than 10% of functions will see headcount reductions, according to Gartner, Inc. As chief financial officers (CFOs) are already making changes to fully leverage AI in financeA sense of uncertainty, unrealistic expectations and employee disengagement often hamper success rates in using AI. CFOs who combine the strengths of people and machines increase their chances of success. AI Success requires a satisfied and engaged workforce, Gartner analysts say. “Despite AI’s ability to mimic human performance, algorithms cannot match the unique capabilities of…

The cryptocurrency market has turned bullish, with Bitcoin Fear and Greed Index hits 65%. Over $1 million poured into XRP funds this week, representing a 250% increase as the SEC case inches closer to a potential settlement. Could a verdict be on the horizon?Since the beginning of the SEC case, rumors of a “settlement” have been rife. While many analysts predict a possible settlement, Marc Fagel, a former SEC attorney, has denied these rumors. He noted that both sides are still waiting for the district court’s decision. Fagel noted that these closed-door meetings are routine and are not indicative of…

Based in Bengaluru financial technology loan platform Money Overview acquired fintech startup Jify in a share swap deal. Through this deal, Jify’s two main investors Accel India and Nexus Venture Partners secured 60.2 lakh shares of Moneyview worth around $4 million.ET has accessed details of the deal through documents filed with the Registrar of Companies (RoC) via business intelligence platform Tofler.With this deal, Moneyview has been valued at around Rs 10,000 crore, or $1.2 billion, reaching unicorn statusan industry term used to describe companies with a valuation of more than $1 billion.Well-informed sources said that no new money was brought…

Pollya pioneer in mortgage capital markets technology, successfully raised $25 million in a growth capital funding round.This investment was led by 8VC, with continued support from seasoned investors including Menlo Ventures, Meritech, Khosla Ventures and Fifth Wall.Polly, a leading provider of next-generation mortgage solutions, operates the industry’s first cloud-native Pricing and Product Engine (PPE). The funding will enable the San Francisco-based company to accelerate its rapid growth trajectory and deepen its research and development efforts, enhancing its innovative product offering.Since its inception in 2019, Polly has revolutionized the traditional mortgage pricing landscape with its agile, cloud-based platform. It is known…

LuxspinDenver, CO, Sept. 11, 2024 (GLOBE NEWSWIRE) — Amid rapid advancements in financial technology, Luxspin Global Holding recently announced an increased investment in artificial intelligence (AI) and blockchain technology. This strategic move underscores Luxspin’s commitment to innovation in financial services, aiming to improve efficiency, optimize customer experience, and enhance the security and transparency of financial operations through cutting-edge technologies.The financial sector is currently undergoing a transformation driven by AI and blockchain technologies. AI, with its applications in data processing and predictive analytics, has significantly improved the accuracy of financial decision-making. At the same time, blockchain, leveraging its distributed ledger characteristics,…

Bitcoin.com NewsLengthy Licensing Processes Stall Kenyan Fintech StartupsFintech startups face significant challenges when expanding into Kenya, mainly due to the lengthy and complex licensing process….7 hours ago

Welcome to The Fintech Times Bi-weekly news roundup for Tuesday, July 16, 2024 bringing you the latest updates from around the world.AppointmentCUBE, a British regtech backed by mercury, has welcomed new members to its board of directors. Chelsea FC CEO Chris Jurasek joins as non-executive chairman, while Emma Brown joined as CFO. Stephane Besson He joined the CUBE Board of Directors earlier this year and continues to serve as a non-executive director. The Founder and CEO of CUBE is also a member of the CUBE Board of Directors. Ben Richmondas well as Christopher Fielding And Thomas Martin from CUBE’s investment…

AI is maturing at an exponential rateGenerative AI is working and the hallucination problem is easing, says Rob Havasy, senior director of IT strategy at HIMSS..13 hours ago