In the evolving landscape of fintech, Stockholm-based Froda has recently gained notable attention after successfully raising €20M in a Series B funding round. This fundraising effort was spearheaded by Incore Invest, with contributions from existing investors, marking a significant milestone for Froda’s expansion strategy. As countries across Europe grapple with a substantial €400B funding gap for small and medium-sized enterprises
Artificial Intelligence (AI) is significantly transforming corporate finance, turning it from a tool of automation into a strategic ally in financial decision-making. Real-world examples and insights from experts demonstrate AI’s influence across various financial functions like forecasting, modeling, risk management, capital allocation, and fraud detection. Finance professionals are watching their roles evolve with AI advancements. AI in Financial Forecasting and
Exploring the Unprecedented Impact of Autonomous AI Systems The financial sector is undergoing a transformative shift with the rise of agentic AI, a technology distinguished by its ability to operate independently without human intervention. By leveraging agentic AI, financial institutions are achieving new heights of efficiency and precision in decision-making processes. This analysis provides a comprehensive look at current developments,
Fortis, a leader in payment technology for software platforms and scaling businesses, recently strengthened its executive leadership team by appointing Brad Bialas as Chief Commercial Officer (CCO) and Kimling Lam as Chief Marketing Officer (CMO). These strategic hires are aimed at accelerating the company’s growth within the software and ERP ecosystem during a critical period of transformation and innovation in
Robotics and artificial intelligence (AI) are no longer concepts from a sci-fi movie; instead, they have become integral to modern work environments. This technological evolution has led to two primary viewpoints: fears of large-scale job losses and hopes for new opportunities that drive economic growth. By delving into the ways AI and robotics are merging into various industries, it becomes
Latin America’s fintech sector is at a pivotal moment, with embedded finance emerging as a game-changer. The region’s economic fluctuations have not deterred innovation; instead, they highlight resilience and significant potential for growth, especially in Brazil, Mexico, and Guatemala. FitBank is at the forefront of this transformation, pioneering new financial technologies and solutions. The Emergence of Embedded Finance in LatAm
The financial reporting landscape is undergoing a transformation marked by the integration of generative AI (GenAI) technology. These advancements are reshaping the financial close, consolidation, and reporting (CCR) activities, ushering in an era of enhanced efficiency and accuracy. Traditional manual tasks that consumed considerable time and were susceptible to errors are now being automated, making financial processes and reporting more
In a notable advancement for the hospitality technology sector, Los Angeles-based ROH has secured $9.2 million in a funding round led by Highgate Technology Ventures (HTV) and Acrew Capital. This capital boost aims to further develop ROH’s platform that automates payment workflows in hotel operations. This article delves into the implications of this funding, ROH’s unique solutions, and the broader
The rise of embedded finance is revolutionizing customer expectations of digital banking. Embedded finance integrates payment processing, lending, insurance, and investment services directly into non-financial platforms, fundamentally changing how consumers and businesses interact with these services. Industry experts provide a detailed analysis of these transformations. Customer Loyalty in the Age of Embedded Finance Shifting Customer Allegiances Embedded finance is now
Financial crimes are evolving, and the advent of artificial intelligence (AI) is significantly altering the landscape of banking fraud. Modern fraudsters are leveraging AI to execute sophisticated scams, posing substantial threats to both consumers and financial institutions. With AI providing unprecedented power to bypass anti-spoofing checks and voice verification systems, the traditional safeguards are no longer sufficient. Scammers can now
In recent years, the integration of financial services into non-financial contexts, known as embedded finance, has profoundly changed the way consumers and businesses engage in transactions. This seamless incorporation of payment processing, lending, insurance, and other financial operations within various platforms is redefining industries, particularly in the realms of retail and mobility. As physical and digital shopping experiences converge, the
Embedded finance has emerged as a transformative force in the business world, especially for small enterprises in the U.S. By integrating financial services directly into non-financial platforms regularly used by these businesses, this innovation significantly reduces the complexity of managing financial tasks. This allows functionalities such as payroll, taxes, invoicing, and payments to be seamlessly incorporated within single platforms, eliminating
