Author: nripn

With fintech sector As it gains momentum and scale, there is a need to review policies and regulatory guidelines to give fresh impetus to financial inclusion and penetration of financial products in the sector. bottom of the pyramidexperts said. The fintech space has revolutionized the country’s financial sector. It has also contributed to formalizing the Indian economy to a large extent, but the recent incident of Reserve Bank Action on Paytm Payment Bank Ltd (PPBL) has left part of the industry perplexed. Following the RBI’s action, a section of the industry expressed the sentiment that the regulatory environment, instead of…

We recently compiled a list of 11 Penny Stocks That Will Make You a Millionaire. In this article, we will examine how SoundHound AI Inc. (NASDAQ:SOUN) stands relative to other penny stocks.Why Should You Invest in Penny Stocks?Penny stocks are often overlooked by most investors. They are the smallest of the small companies operating in the market, and as such, they are not typically covered in detail by financial journalists and analysts. However, because of this dilemma, many penny stocks end up becoming great, low-key investments for investors who don’t mind a little risk. This is especially true of penny…

Blogs are a great way for businesses to share knowledge about their industry, in addition to sharing product updates and providing general education. Fintech blogs in particular are often written by finance and technology experts, giving readers a platform to learn more about leading financial services, organizations, and fintech trends. There is online blog resources to suggest that creating a fintech blog encourages greater trust with customers and readers. With this in mind, FinTech Magazine takes a look at some of the best fintech blogs that provide their readers with the latest industry news and services. Since 2009, Bank Automation…

RCO Finance (RCOF) is making significant strides in the field of decentralized finance (DeFi) by integrating artificial intelligence (AI) with blockchain technology. This forward-thinking approach aims to set a new standard for wealth generation within the cryptocurrency trading ecosystem. By merging these advanced tools, RCO Finance is positioned at the forefront of the continued evolution of DeFi, offering a modern solution to the challenges of profitable and passive cryptocurrency trading. The platform, built on the Ethereum blockchain, harnesses the power of an AI-driven robo-advisor to improve trading outcomes. This automated investment manager is designed to provide users with cost-effective and…

Robert Booker, Chief Strategy Officer at HITRUST, discusses the need to responsibly deploy AI in healthcare as part of risk management, and how his company’s AI Risk Management Assessment helps organizations navigate the rapidly evolving technology.

“While previous waves of technological transformation such as automation primarily affected less-educated workers performing routine, manual tasks, a broader segment of the workforce could potentially be impacted in an era where highly sophisticated algorithms capable of modeling language and other AI applications increasingly excel at performing non-routine, cognitive tasks typically performed by highly skilled workers,” he said. Overall, the study estimates that 50% of workers with a bachelor’s degree or higher hold jobs that are highly exposed to and highly complementary to AI, compared to just 13% of workers with a high school diploma or less. Similarly, more educated workers…

Lloyds Bank launched a collaboration with an artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (September 3) and which would be the first of his kind in the UK, will use AI to streamline the processing and compliance verification of trade finance documents. The effort will use Cleareye.ai ClearTrade Technology and should be implemented Since this month, the companies said in a press release provided to PYMNTS. “This cutting-edge technology will use optical character recognition (OCR), machine learning and natural language processing algorithms to extract critical information from trade documentation,” the statement said. “This includes digital and paper-based import…

RIYADH: Savvy Games Group, owned by the Public Investment Fund, has signed a memorandum of understanding with international gaming trading company Xsolla to establish an interactive entertainment center in Riyadh. Focused on job creation, game development and publishing, the partnership aims to generate 3,600 jobs in the video game industry in Saudi Arabia by 2030. This initiative supports the Kingdom’s Vision 2030 and is expected to create regional and global economic opportunities for developers. As part of the agreement, Xsolla will establish a regional headquarters in Riyadh, providing product development, technology, customer support and business development services to help developers…

Editor’s Note:Let’s review the top innovation news in Houston this week.Articles on the latest Houston tech and startup trends on InnovationMap included big changes at Ion, a rebranding for a data science company, and more. Houston innovation hub restructures, attracts more Rice resources Rice University is restructuring its operations at Ion. Photo courtesy of IonRice University is building on Ion by restructuring the innovation hub team and increasing the university’s presence within the hub.Paul Cherukuri, vice president of innovation, tells InnovationMap that the changes to Ion — Rice’s innovation center in Midtown — reflect Rice President Reginald DesRoches’ vision for…

Solstice Innovations, Inc. revealed that it is strengthening its technology leadership team to meet growing demand for the next generation of P&C insurance core systems. The Seattle-based insurer has welcomed Joe Cooper as its chief technology officer (CTO), tasking him with expanding both the company’s product and delivery capabilities.Cooper will also take the reins of the Solstice Equinox™ project, which seeks to expand amid increasing market pressures.A seasoned professional, he began his tenure in the property and casualty insurance industry 35 years ago with the Florida Department of Insurance before moving on to a senior technology management role at an…