Artificial Intelligence (AI) has become a cornerstone in the transformation of banking and fintech operations, representing a fundamental shift rather than a fleeting trend within the financial industry. The infusion of AI into these sectors is reshaping how institutions operate, engage with customers, manage risks, and drive innovation. Through intelligent automation and advanced data analytics, AI is enhancing efficiencies and
Onsurity, an Indian InsurTech startup specializing in digital healthcare and insurance solutions for small and medium enterprises (SMEs), has made significant strides since its inception in 2020. Co-founded by Kulin Shah (COO) and Yogesh Agarwal (CEO), the company has been making waves in the market with its recent fundraising success. Recent Funding Milestone Recently, Onsurity secured an additional $21 million
As part of its strategy to provide secure, flexible, and convenient payment options, Kuady has launched a virtual prepaid Mastercard in Peru, integrated within the Kuady app. This new service allows users to make online purchases wherever Mastercard is accepted, with the additional option to request a physical card for in-store transactions. This launch is designed to cater to the
Recent enhancements made by J.P. Morgan Asset Management (JPMAM) to its liquidity management platform, Morgan Money, in the Asia-Pacific (APAC) region, specifically in Singapore and Australia, aim to meet the rising demand among APAC corporate and institutional investors for technological solutions that streamline operations and optimize investment processes. These updates, already implemented in the U.S. and Europe, are set to
Visa’s latest venture to deepen digital payment adoption in Pakistan is poised to revolutionize a country grappling with one of the world’s largest unbanked populations. While the South Asian nation boasts a population of 240 million, only 60% of its 137 million adults have access to bank accounts. Visa aims to improve this statistic significantly by developing the country’s digital
The financial world is abuzz with speculation about the upcoming interest rate cut by the United States Federal Reserve. Scheduled for September 18, the Federal Open Market Committee (FOMC) meeting is expected to announce a reduction in interest rates. This decision holds significant implications for various sectors of the financial market, most notably for risk assets like Bitcoin. Market participants
Fintech platforms are revolutionizing the way people manage their wealth in China. These platforms are not just tools for tech-savvy individuals but are becoming essential for a broad range of demographics, particularly those previously underserved by traditional financial systems. One standout in this space is Ant Fortune, part of Ant Group, which democratizes access to financial services and significantly impacts
The collaboration between Shoplazza, a leader in e-commerce solutions, and Stripe, a renowned financial infrastructure platform for businesses, marks a significant milestone in the global e-commerce landscape. Unveiled at the Stripe Tour Singapore 2024 – Asia Pacific Regional Event, this partnership promises to reshape Shoplazza’s payment ecosystem by enhancing efficiency and security. The integration addresses the growing demands and complexities
The rise of digital payment solutions is causing a significant transformation in how transactions are conducted, prompting questions about the future dominance of traditional card payments. Digital wallets are forecasted to gain substantial traction in the upcoming years. By 2027, these innovative payment methods are expected to account for more than half (61%) of ecommerce payments and 46% of in-store
In a world where consumers have become accustomed to a variety of convenient, flexible, and digital payment options in their personal lives, there is an increasing expectation for similar experiences in their professional transactions. However, many B2B companies have been slow to meet these rising demands, resulting in a noticeable lag when compared to the rapid adoption seen in the
FE fundinfo, a prominent financial data company, has acquired AdviserAsset, a company specializing in due diligence and product selection tools. This acquisition marks a significant expansion for FE fundinfo, particularly benefiting UK financial advisers who are navigating increased client demands and regulatory obligations stemming from the Consumer Duty regulation. The integration of AdviserAsset into FE fundinfo’s suite will enhance their
The fintech industry is buzzing with excitement as DNA Payments launches a transformative new feature: Apple Pay Express Checkout for Ecommerce. This innovation is set to redefine online shopping experiences for both consumers and merchants, reducing cart abandonment and enhancing customer satisfaction. Let’s delve into the specifics of how this feature could revolutionize Ecommerce. Transforming the Digital Shopping Landscape Introduction
