As millennials, individuals born between 1981 and 1996, become a significant segment of the investing population, wealth management firms must adapt to their unique preferences and demands. By 2024, millennials will include individuals up to the age of 43, marking their peak earning years and subsequently influencing the investment landscape in unprecedented ways. Traditionally, investing was dominated by older generations
In a significant move to bolster the digital payment industry, LTIMindtree has expanded its strategic partnership with Nexi Group, one of Europe’s foremost PayTech providers, by extending their contract to elevate Nexi’s technology infrastructure. This expanded collaboration aims to enhance essential Nexi platforms, including acquiring, issuing, and e-commerce, with a focus on delivering superior performance, innovation, and scalability. This marks
UiPath, a prominent player in the Robotic Process Automation (RPA) industry, has recently been through a turbulent phase marked by executive resignations, disappointing financial guidance, and a significant drop in stock price. Despite these challenges, the company remains a frontrunner in the RPA market and showcases tremendous growth potential, particularly through the integration of artificial intelligence (AI) and automation solutions.
As online shopping becomes increasingly integral to our daily lives, the demand for more flexible and convenient payment options has never been higher. This holiday season, the introduction of Afterpay on Google Pay is set to revolutionize how consumers manage their purchases, providing a seamless way to spread out payments in installments. This collaboration between a leading Buy Now, Pay
In a strategic move set to redefine digital payments in Mexico, Mexican neobank Albo has teamed up with UK-based issuer-processor Paymentology. The partnership aims to bolster Albo’s digital payment services and strengthen its foothold in the Mexican market. Paymentology’s sophisticated cloud-based platform opens up new avenues for Albo to diversify its offerings, especially targeting small businesses by facilitating payroll and
PayFuture, a global leader in payment technology, has commenced operations in Pakistan, facilitating the entry of international businesses into South Asia’s burgeoning ecommerce market. This expansion heralds the introduction of advanced payment technology and a profound understanding of local regulations, enabling businesses to navigate Pakistan’s market complexities effortlessly. PayFuture’s integration supports popular local payment methods such as Easypaisa and JazzCash,
In a strategic move to diversify its services and expand its customer base, Robinhood has agreed to acquire TradePMR in a $300 million cash and stock deal. Robinhood, primarily known for its trading platform, is now targeting the traditional brokerage sector, which includes established players like Charles Schwab. This acquisition marks a significant step in Robinhood’s efforts to evolve its
Next year, Klarna, a leading AI-powered global payments network and shopping assistant, will officially launch on Google Pay, promising to offer U.S. users interest-free installment payments at checkout. This collaboration could transform the shopping experience by providing an unprecedented level of flexibility and choice to consumers. Klarna’s CEO, Sebastian Siemiatkowski, stated that this collaboration perfectly aligns with Klarna’s vision to
The asset and wealth management (AWM) industry is on the cusp of a technological revolution, driven primarily by artificial intelligence (AI) and other disruptive technologies. These innovations are set to reshape the sector, enhancing revenue growth, operational efficiency, and employee productivity. According to PwC’s 2024 Asset & Wealth Management Report, which surveyed 264 asset managers and 257 institutional investors from
Amid the rapidly growing demand for efficient and compliant data management solutions, Tiger Technology is actively pursuing $10 million in Series A funding to fuel the growth of its hybrid cloud data management platform. The company has made notable strides by addressing the surging costs of data management that various industries, particularly healthcare and public security, are currently facing. Notably,
In a significant move to revolutionize digital payment services for corporate clients, Network International has entered into a collaborative agreement with the National Bank of Fujairah (NBF). This partnership aims to bring advanced omni-channel payment solutions to NBF’s corporate customers, offering both online and in-person payment services. By integrating Network’s sophisticated payment capabilities, NBF intends to enhance operational efficiency and
Twenty, a startup with ambitious goals, is setting its sights on creating an open-source alternative to Salesforce, the leading CRM (Customer Relationship Management) platform. Salesforce has long been a dominant force in the industry, known for its comprehensive data handling capabilities, proprietary programming language, and extensive customization frameworks. However, the founders of Twenty believe that an open-source CRM can capture
