AI in Finance—nripn—September 26, 2024

Healthcare Financing NewsAI Should Be Considered as a Comprehensive Clinical StrategyThe question is not whether AI can predict disease, but what doctors should ethically tell patients, such as their chances of… 19 hours ago

Startup News—nripn—September 26, 2024

SUMMARY Jupiter in talks to acquire 5-9.9% stake in SBM Bank India for an undisclosed amount The deal is yet to be finalised and both parties will also need RBI approval for the transaction to be finalised. This comes at a time when several Indian fintech startups are rushing to invest in banks after the

AI in Finance—nripn—September 26, 2024

By Jody Godoy WASHINGTON (Reuters) - The U.S. Federal Trade Commission on Wednesday announced actions against five companies it says are using artificial intelligence in deceptive and unfair ways. Three of the cases resulted in the suspension of operations of companies that claimed to help consumers generate passive income by opening e-commerce stores. The FTC

Technology Innovations—nripn—September 25, 2024

AI innovations are now closely intertwined with most fintech operations. AI and Fintech share an element of innovation, meaning that Fintech and AI have a complex and multifaceted relationship that impacts various aspects of financial service delivery and drives efficiency for Fintech operators. According to htfmarketintelligence.com, the artificial intelligence (AI) market size in banking is

AI in Finance—nripn—September 25, 2024

AI-powered financial data platform Bud Financial has launched an AI agent that can perform tasks on behalf of customers, such as transferring money between accounts to avoid unnecessary overdrafts. Unlike AI agents that simply respond to prompts, an agentic model can perform many tasks and learn from its experiences. In this case, it will take

Regulatory Updates—nripn—September 25, 2024

By Najiyya Budaly (September 24, 2024, 1:06 PM BST) - Nasdaq and Deutsche Boerse said on Tuesday they were among financial services companies being investigated by the European Commission for alleged breaches of EU competition laws in derivatives trading…. Law360 is here, so you are too. A Law360 subscription puts you at the heart of

Startup News—nripn—September 25, 2024

In the latest example of an Indian fintech startup seek strategic partnerships Along with traditional banking institutions, neobank Jupiter is in talks to acquire a stake in SBM Bank India, three sources familiar with the matter told TechCrunch. Jupiter, backed by Tiger Global and Nubankis in talks to buy a 5% to 9.9% stake in

AI in Finance—nripn—September 25, 2024

Artificial intelligence can help auto lenders streamline compliance while making operations more efficient. Here are two ways lenders are using AI to improve their operations: 1. Combat human error Subprime auto lender based in Santa Ana, California Veros Credit studies how to use AI-based programs to improve compliance across the organization and reduce human error,

Regulatory Updates—nripn—September 25, 2024

HSBC has backed calls for tech firms to help cover the cost of fraud, saying new compensation rules will not be enough to stop scams. The Payment Systems Regulator (PSR) is set to make reimbursement of up to £85,000 mandatory from 7 October, with most firms failing to sign up to or consistently apply a

Startup News—nripn—September 25, 2024

M-KOPA has announced that it has reached the 5 million customer mark in Kenya, Uganda, Nigeria, Ghana and South Africa. Two million of these customers have joined the network in the last 15 months. M-KOPA's innovative model brings affordable smartphones with integrated financial services to "everyday earners": the vast majority of African adults who earn

AI in Finance—nripn—September 25, 2024

(Bloomberg) - An Israeli regulator has cleared an artificial intelligence startup to launch a chatbot that offers stock-picking advice in partnership with a major bank, even as other governments have sounded alarms that AI could destabilize financial markets if it were widely used in investing. Tel Aviv-based Bridgewise got the green light from the Israel

Regulatory Updates—nripn—September 25, 2024

The European Commission is carrying out surprise inspections at the premises of financial services companies in two Member States. The Commission is concerned that the inspected companies may have violated EU antitrust rules prohibiting restrictive business practices (Article 101 of the Treaty on the Functioning of the European Union and Article 53 of the Agreement