Money Management Archives | Page 10 of 238

Digital Lending / Digital Payments

Future of Payments: AI, Blockchain, and Digital Wallets by 2025

The payment landscape is undergoing significant transformations, driven by technological advancements and changing consumer expectations. By 2025, the way we conduct transactions will be vastly different from today, with innovations such as AI, blockchain, and digital wallets playing pivotal roles. These advancements are contributing to an increasingly digital economy where borders no longer pose significant barriers to global trade. Instant

December 13, 2024

E-Commerce

Gen Z’s Holiday Spending Surges with Buy Now, Pay Later and Credit Cards

The holiday season is proving to be a significant financial challenge for Gen Z, with an unprecedented increase in the usage of Buy Now, Pay Later (BNPL) services starting from December 9th, also dubbed as "Klarna Week." According to analysis from Frich, a social finance app with a substantial user base of over 700,000 Gen Z individuals, the adoption of

December 13, 2024

DevOps

Hyperbolic Secures $12M for AI Innovation and Blockchain Integration

Hyperbolic, a company specializing in open access artificial intelligence (AI) computing and inference services, has achieved a significant milestone by raising $12 million in a Series A funding round. This round was spearheaded by Variant and Polychain Capital, bringing Hyperbolic’s total funding to $20 million. This follows a previous raise of $7 million from Chapter One and Samsung Next in

December 13, 2024

Robotic Process Automation In Fintech

Innovative Financial AI: Overcoming Legacy Systems and Data Challenges

As financial institutions navigate the complexities of the modern world, integrating AI technologies into their operations has become increasingly critical. However, the hurdles posed by legacy systems, which dominate a large portion of their budgets and resources, require thoughtful navigation. According to Napier AI, maintaining outdated systems can consume over 70% of an IT budget, leaving minimal room for innovation.

December 13, 2024

Robotic Process Automation In Fintech

Artificial Intelligence: Transforming and Challenging the Financial Sector

Artificial intelligence (AI) is revolutionizing the financial sector, offering unprecedented opportunities while also presenting significant risks. This article explores the transformative potential of AI, particularly generative AI (GenAI), and examines the challenges that must be navigated to harness its full benefits while mitigating systemic vulnerabilities. The Evolution of AI in Finance Early AI Applications in Finance Before the 2010s, the

December 13, 2024

Fintech Blockchain

How Is MARA Holdings Dominating the Bitcoin Mining Market?

MARA Holdings Inc., a prominent cryptocurrency mining company based in Florida, has been significantly establishing its dominance in the Bitcoin mining market through a series of strategic acquisitions and investments. The company, which specializes in the Bitcoin ecosystem, has made headlines with its recent purchase of 11,774 Bitcoins, valued at a staggering $1.1 billion. This acquisition has increased MARA Holdings’

December 13, 2024

Digital Lending / Digital Payments

ABN AMRO Introduces Innovative ‘Pay Later’ Feature for B2B Transactions

In a move that addresses significant challenges in business-to-business (B2B) e-commerce, ABN AMRO, a leading Dutch financial institution, has launched a pilot feature called ‘Achteraf Betalen’ (‘Pay Later’) for its business clients. This initiative targets the prevalent trust issues and payment inflexibility that plague many companies, with studies indicating that up to 90% of businesses hesitate to place online orders

December 13, 2024

Fintech Blockchain

Can Blockchain Bounce Back Amid Investor Shift to AI in Australia?

In recent years, the global technology landscape has witnessed a significant shift, with investor focus gradually moving from blockchain to artificial intelligence (AI) as businesses seek modern solutions to future-proof their operations. Australia, once a burgeoning hub for blockchain innovation, has not been immune to this trend. According to a report by KPMG, Australia’s blockchain industry has experienced a notable

December 13, 2024

Fintech Blockchain

Should You Invest in Gold and Bitcoin Amid Global Debt Concerns?

In a world grappling with escalating global debt and potential currency instability, the investment landscape is shifting. Prominent figures like Ray Dalio, the founder of Bridgewater Associates, advocate for investing in "hard money" assets such as gold and bitcoin. Dalio’s remarks, delivered at a series of finance and cryptocurrency conferences in Abu Dhabi, highlight these tangible assets as preferable choices

December 13, 2024

Fintech Blockchain

Tether’s USDT Gains ADGM Approval, Boosting Cross-Border Payments

Tether’s USDT, the leading stablecoin in the cryptocurrency market, has achieved a pivotal milestone by being recognized as an Accepted Virtual Asset (AVA) under the Abu Dhabi Global Market (ADGM) framework. This recognition marks a significant step forward for Tether, enabling licensed ADGM entities to utilize USDT for cross-border payments and offer additional related services. The acknowledgment extends to USDT

December 13, 2024

Fintech Blockchain

How Will Hamilton Lane’s Tokenized Funds Transform Private Markets?

Hamilton Lane has taken a significant step in broadening access to private market investments by introducing tokenized versions of its funds on the Allfunds Blockchain platform. This initiative aims to enhance accessibility, transparency, and operational efficiency within private markets, especially across Europe, including Italy and Spain. By leveraging blockchain technology, Hamilton Lane intends to simplify fund administration and provide fractional

December 12, 2024

DevOps

Can Blockchain Solve the US Government’s IT Inefficiencies?

Elon Musk, in his role as a self-appointed IT consultant for the Trump administration, has openly critiqued the outdated state of the US government’s computer systems, specifically highlighting the inefficiency of the Internal Revenue Service (IRS). According to Musk, the federal government’s reliance on antiquated technology and ineffective software has made it challenging to verify whether financial transactions are legitimate,

December 12, 2024