Author: nripn

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) — FinTech Breakthrougha leading market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market, today announced the winners of the organization’s 8th annual awards program, showcasing technologies and companies that are driving innovation and exemplifying the best of FinTech technology solutions around the world. The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders, and visionaries from around the world across a variety of categories including digital banking, personal finance, lending, payments, investing, RegTech, InsurTech, and more. The 2024 FinTech Breakthrough Awards…

Artificial Intelligence is the biggest investment opportunity of our lifetime. Now is the time to invest in revolutionary AI, and this stock is a steal! The whispers turn into roars. Artificial intelligence is no longer science fiction. It is the revolution that is reshaping every industry on the planet. From driverless cars to medical advances, AI is poised for a global explosion, and savvy investors stand to reap the rewards. Here’s why now is the perfect time to jump on the AI ​​bandwagon: Exponential growth on the horizon: Forget linear growth: AI is doomed to follow a hockey stick-shaped trajectory.…

Citi Global Insights and Solutions publishes new report AI and Finance: Bot, Banking and BeyondThe report analyzes the role that artificial intelligence (AI) could play in changing the way consumers and businesses bank. From the likely use of autonomous agents seamlessly executing customer decisions in the background, to the productivity gains generated by access to better data insights, robobanks are poised to revolutionize every aspect of the banking industry, the report said. David Griffiths, Citi’s Chief Technology Officer, said: “The pace of adoption and impact of Gen AI across industries has been astounding as it has become clear that it…

Account-to-account payments, expense management automation, and embedded finance are just a few of the notable areas that startups are focusing on in fintech this year. This compares to the strong performance of 2022 digital loanfinancial services, insurance and market map segments. Despite the recent gloom in the US tech sector, the fintech sector remains a strong performer. This year, it reached a $4 trillion market sizethe digital payments sector emerging as the largest fintech segment in the United States. Its market value is over $1.2 trillion. By 2028, experts estimate that the United States will account for more than 62%…

XRP, the seventh-largest cryptocurrency, has struggled to attract investors this year. After months of disappointment, investors are moving their concentration, leading to a 21% increase in trading volume, reaching $2.07 billion. This high trading volume means that more people are interested in XRP and it could soon reach its target price of $1.Trading volume takes offXRP is seeing a notable increase in trading activity, with its volume increased by 21% The price of XRP has reached $2.07 billion. Over the past 24 hours, over 3 billion XRP tokens have been traded. This impressive liquidity suggests that XRP is well-positioned to…

Lloyds Bank partners with Cleareye.ai to deliver trade finance technology solutions. Source: Shutterstock.com Lloyds Bank has partnered with Cleareye.ai, an artificial intelligence platform, using AI to streamline the processing and compliance verification of trade finance documents to increase efficiency for clients. This cutting-edge technology will use optical character recognition, machine learning and natural language processing algorithms to extract critical information from trade documentation. This includes digital and paper import and export documentary letters of credit, documentary collections, commitments and trade loans. Cleareye.ai’s ClearTrade technology will be implemented starting this month The AI-powered technology will also enable automated document reviews in…

THE Reserve Bank of India has finalized the frame to recognize the OARs for the fintech sector following stakeholder comments on its draft standards of January 15.THE self-regulatory body (SRO) would be industry-led and would be responsible for establishing and enforcing regulatory standardspromote ethical conductensuring market integrityresolve disputes and promote transparency and accountability among its members.Fintechs should create a self-regulatory body To address their needs and challenges, Reserve Bank of India Governor Shaktikanta Das had said in September. A draft framework was released in January.RBI requested that this OAR be built on a “representative” structure that would allow it to…

Lloyds Bank partners with Cleareye.ai to deliver trade finance technology solutions. Source: Shutterstock.com Lloyds Bank has partnered with Cleareye.ai, an artificial intelligence platform, using AI to streamline the processing and compliance verification of trade finance documents to increase efficiency for clients. This cutting-edge technology will use optical character recognition, machine learning and natural language processing algorithms to extract critical information from trade documentation. This includes digital and paper import and export documentary letters of credit, documentary collections, commitments and trade loans. Cleareye.ai’s ClearTrade technology will be implemented starting this month The AI-powered technology will also enable automated document reviews in…

AI is taking up an increasing share of UK venture capital according to new analysis by HSBC Innovation Banking United Kingdom And Trading roomIn the first half of 2024, UK AI startups raised $2.1 billion and are on track to break records this year, with the sector set to raise $4.4 billion by the end of the year. Since the start of the year, UK AI has surpassed a quarter of a trillion dollars in value and now accounts for 22% of UK tech value, up from 12% in 2019. The largest AI fundraisings in the UK have been across…

AI is taking up an increasing share of UK venture capital according to new analysis by HSBC Innovation Banking United Kingdom And Trading roomIn the first half of 2024, UK AI startups raised $2.1 billion and are on track to break records this year, with the sector set to raise $4.4 billion by the end of the year. Since the start of the year, UK AI has surpassed a quarter of a trillion dollars in value and now accounts for 22% of UK tech value, up from 12% in 2019. The largest AI fundraisings in the UK have been across…