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AI in Finance—nripn—October 4, 2024

How can businesses take advantage of the opportunities offered by AI to increase revenue, contribute to the development of new products and improve customer loyalty? Our latest Streamly interview features Chris Brown, President of Intelygenzwhich shares strategies for businesses to effectively implement AI. In this interview, conducted by Julie Muhn, Principal Research Analyst at Finovate,

Market Insights—nripn—October 4, 2024

Scoringa nine-year-old fintech company that helped consumers manage and pay off credit card debt has closed, according to the company. In a LinkedIn post which was shared earlier Monday, founder and CEO Jason Brown said the "sad and difficult" decision to close Tally was not the outcome the company had "hoped for," but that "after

Startup News—nripn—October 3, 2024

SUMMARY True Balance, which provides loans, will use the funds to further expand its operations. Last month, VentureSoul marked the first close of its debut fund, whose target corpus is INR 600 Cr, to around INR 145 Cr. The fintech startup is operated by Balancehero India, a wholly-owned subsidiary of Korean company Balancehero Co. Ltd.

Breaking News—nripn—October 3, 2024

The collapse and bankruptcy of fintech BaaS Synapse revealed how dangerous things are for the often interdependent world of fintech when a key player runs into trouble. Synapse operated a service that allowed others (mainly fintechs) to integrate banking services into their offerings. For example, a software provider specializing in payroll for 1,099 outsourcing-heavy companies

AI in Finance—nripn—October 3, 2024

Workers at pension fund Cbus Super have secured a landmark package of provisions to protect employees from disruption in the age of artificial intelligence. In the new enterprise agreement, now in force until June 2027, the union-affiliated fund must consult staff on the implications of generative AI models such as ChatGPT in the workplace and

Regulatory Updates—nripn—October 3, 2024

Starting a merchant bank Mercuryfounded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are startups, through its B2B practice. The expansion is a natural move for the company and has been in the works for a few years, according to Immad Akhund, co-founder and

Startup News—nripn—October 3, 2024

The State of European Fintech 2024 report has been released and the UK is doing really well as a leader in the region. The report shows UK funding for the finch increased by 3%, taking its value to £2.2bn, a big increase from £1.9bn in the first half of the year last. There does, however,

Breaking News—nripn—October 3, 2024

Welcome to TechCrunch Fintech! This week, we look at Stripe's easy acquisition, the role fintech played in Clio's latest raise, the latest with digital banking startup Mercury, and more. To receive a roundup of TechCrunch's biggest and most important fintech stories in your inbox every Tuesday at 8 a.m. PT, subscribe here. The big story

AI in Finance—nripn—October 3, 2024

(Bloomberg) - Samsung Electronics Co. is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce global workforces by thousands of jobs, according to people familiar with the matter . Most read on Bloomberg The layoffs could affect about 10% of the workforce in those markets, although the

Corporate Acquisitions—nripn—October 3, 2024

New York-based fintech Payoneer has acquired Skada global HR and payroll startup based in Singapore, for $61 million in cash, the company told TechCrunch exclusively. Payoneer said it could also pay up to $10 million more, provided Skuad meets various performance targets in the first 18 months following the acquisition. Payoneer also committed to granting

AI in Finance—nripn—October 3, 2024

Microsoft (MSFT) is making major updates to its Copilot artificial intelligence platform for Windows, expanding the software's capabilities with a number of new features and introducing the ability to speak directly to the AI ​​assistant. The announcements, which the company made Tuesday during a press event at its Microsoft Experience Center in New York, also

Market Rumors—nripn—October 3, 2024

Capital markets regulator Securities and Exchange Board of India (SEBI) on Tuesday issued a new set of guidelines aimed at reducing the impact of market rumors on stock prices. In a circular issued after trading hours, SEBI said it was introducing a concept of 'unaffected pricing' to mitigate artificial fluctuations in share prices. SEBI explained