Money Management Archives | Page 21 of 239

Robotic Process Automation In Fintech

How Can AI Transform Risk Management in Financial Institutions?

Artificial intelligence (AI) is revolutionizing various sectors, and the financial industry is no exception. As AI becomes more pervasive, its role in mitigating risks, detecting fraud, and enhancing financial market stability is increasingly significant. Financial institutions can leverage AI to improve security, stability, and decision-making processes. This article delves into how AI can achieve these goals. Fraud Detection and Prevention

November 26, 2024

Cloud

Emma Technologies Secures $17M to Enhance Multicloud Management Solutions

Emma Technologies, a cloud management platform specializing in enterprise cloud optimization and scalability, has successfully raised $17 million in Series A funding. The round, led by Smartfin with participation from RTP Global and existing investors, boosts Emma’s total funding to over $23 million following a $6 million seed round in March 2023. This funding marks a significant milestone for the

November 26, 2024

Digital Lending / Digital Payments

Network International and Gate To Pay Partner for Jordan’s Digital Future

In a significant move to enhance digital payment services and drive financial inclusion in Jordan, Network International, a prominent digital payments company, has partnered with Gate To Pay, a leading Jordan-based payment services provider. This strategic collaboration, formalized through a memorandum of understanding (MoU) during the MENA ICT event, is set to accelerate the nation’s digital transformation and lay the

November 26, 2024

Cloud

MedOne’s Cloud Solutions Propel Innovation for Israeli Startups

Israel, often termed as the “Startup Nation,” stands at the forefront of global technological innovation. The country’s entrepreneurial ecosystem thrives with ambitious entities addressing challenges across various sectors like cybersecurity, healthcare, artificial intelligence (AI), and financial technology (fintech). For startups aiming to succeed, gaining access to robust and dependable cloud computing services has become indispensable. MedOne, renowned for providing top-tier

November 26, 2024

Cloud

Emma Secures $17M Series A Funding for Expanding Cloud Management Platform

In a significant milestone, the cloud management platform emma has successfully completed a USD $17 million Series A funding round led by Smartfin, with participation from RTP Global and existing investors. This new injection of capital brings emma’s total raised amount to an impressive USD $23 million over the past two years. The Delaware-based company, founded in 2019, provides a

November 26, 2024

Embedded Finance

Adyen and Spendesk Unite to Elevate Embedded Financial Services

In a significant move to bring innovation to embedded financial services, Adyen, a renowned FinTech firm, has announced a strategic collaboration with Spendesk, a leading spend management platform tailored for medium-sized businesses. This partnership is set to propel Spendesk’s product offerings into the future, with a targeted acceleration by 2025. The collaboration marks a pivotal milestone in the financial services

November 26, 2024

Fintech Blockchain

Will Tokenizing Money Market Funds Drive Blockchain Adoption on XRPL?

In a groundbreaking move that could mark a significant shift in the landscape of digital finance, UK-based cryptocurrency exchange Archax has partnered with Ripple Labs, a leading blockchain payment company, to tokenize the money market fund of asset management firm abrdn on the XRP Ledger (XRPL) blockchain. This pioneering effort is the first of its kind on the XRPL network

November 26, 2024

E-Commerce

HSBC UK Launches Flexipay for Convenient Instalment Purchases

In a landscape where consumer preferences are continuously evolving, HSBC UK has recognized the growing demand for more flexible, manageable payment options by launching HSBC Flexipay, a Point of Sale (POS) finance solution. This innovative service aims to transform the way consumers make large purchases, allowing them to spread costs into fixed instalments directly at the checkout, making these expenses

November 26, 2024

AI and ML

How Can AI Transform Financial Planning for Everyone?

Artificial intelligence (AI) is revolutionizing various industries, and financial planning is no exception. The complexities of managing personal finances, from budgeting to investment strategies, often pose significant challenges. AI offers an innovative solution, democratizing personalized wealth management and making it accessible to a broader audience. By employing sophisticated algorithms and data analysis, AI delivers individualized recommendations for managing finances, outperforming

November 26, 2024

Robotic Process Automation In Fintech

Is the Financial Sector Ready to Ditch Excel for AI and Automation?

Despite living in an age of rapid technological advancement, the financial sector remains heavily reliant on outdated tools and methods, with an astounding 86% of finance professionals still using Microsoft Excel for tasks such as budgeting and forecasting. This reliance continues even as AI-driven and automated solutions have become prevalent across various industries. PayEm’s recent survey involving 270 finance professionals

November 26, 2024

Fintech Blockchain

Can Drex Revolutionize Cross-Border Trade Finance in Agriculture?

In its quest to modernize and streamline trade finance, the Central Bank of Brazil (BCB) is pioneering a groundbreaking initiative by advancing into the second phase of piloting its Central Bank Digital Currency (CBDC), named Drex. This ambitious project is a collaboration among notable players such as Banco Inter, Microsoft Brazil, Chainlink, and 7COMm. Leveraging blockchain technology, this consortium aims

November 26, 2024

Digital Lending / Digital Payments

How Will EdfaPay’s $5M Funding Boost SMEs in MENA and Beyond?

Imagine a bustling marketplace where small and medium-sized enterprises (SMEs) struggle to keep up with the increasingly digital demands of consumers. In this rapidly evolving landscape, keeping financial operations smooth and efficient can be a significant challenge. EdfaPay, a Riyadh-based FinTech platform specializing in digital payments for SMEs in the MENA region, has successfully raised $5 million in a pre-Series

November 26, 2024