In a landscape dominated by innovative technological advancements, the latest report by Gallagher Re on InsurTech reveals a significant pivot towards artificial intelligence. AI-focused companies spearheaded a remarkable surge in funding during the third quarter of 2024, securing an impressive $897.4 million across 29 deals. This substantial investment showcases a pronounced interest in artificial intelligence, with eight of the top
In a significant development for the accounting industry, Big Red Cloud, a leading cloud accounting software company, has expanded its partnership with GoCardless, a prominent bank payment company, to include enhanced Direct Debit payment capabilities within its platform. Through this integration, Big Red Cloud users will now have the ability to automatically collect and reconcile recurring payments from their clients,
The landscape of venture capital (VC) funding for Web3 startups is undergoing a significant transformation, driven by the integration of artificial intelligence (AI) and decentralized communities. As startups mature and evolve, securing the ideal funding becomes crucial for their growth trajectory and ultimate success. Despite the advent of new fundraising models like initial coin offerings (ICOs) and initial DEX offerings
In today’s fast-evolving financial landscape, wealth advisors are continuously challenged to access accurate, real-time data across a broad spectrum of wealth technology platforms. Building and maintaining individual integrations in-house is labor-intensive, costly, and time-consuming, often demanding significant development resources and requiring up to three months per integration. Each platform’s unique integration specifications further complicate the process, frequently obstructing advisors’ strategic
Telecom industry insiders are buzzing over Malaysia’s groundbreaking decision to name U Mobile as the leader in building the country’s second open-access 5G broadband network. This pivotal move signals not only a shift in network management but also casts a shadow over existing investment strategies within the telecommunications sector. According to experts from BMI, a Fitch Group unit, the stakes
The finance sector is currently undergoing a monumental shift, with 80% of UK Financial Planning and Analysis (FP&A) professionals now leveraging AI-enabled software to enhance efficiency, accuracy, and decision-making capabilities. This trend reflects the broader movement toward integrating advanced technology into financial planning and analysis, emphasizing its transformative potential in the industry. According to a recent survey by Icit Business
In an effort to transform the landscape of cross-border payments in the Middle East and North Africa (MENA) region, Mastercard has announced a strategic partnership with Buna, the Arab Regional Payment System. This collaboration integrates Mastercard Move, a cutting-edge cross-border money transfer platform, with Buna’s robust regional payment infrastructure. Established by the Arab Monetary Fund in 2018, Buna is renowned
With the recent surge in Bitcoin prices drawing attention from investors and the broader financial community, the discourse around the cryptocurrency market’s volatility has intensified. Notably, CryptoQuant CEO Ki Young Ju has taken a prudent stance, reflecting on the renewed interest in Bitcoin partly fueled by former US President Trump declaring himself as the next president. Ju emphasizes the importance
JPMorgan Chase & Co. is poised to revolutionize foreign exchange (FX) transactions by introducing an instant settlement service via its Kinexys blockchain platform, previously known as Onyx. This initiative highlights JPMorgan’s commitment to leveraging cutting-edge blockchain technology in global finance. The new service will initially facilitate USD to EUR conversions, aiming to slash settlement times from up to two days
In recent years, the integration of blockchain technology into global finance has become a key focus for numerous enterprises. Ant International is at the forefront of this movement, aiming to revolutionize global treasury management through its innovative Whale blockchain platform. The platform’s recent expansion to support real-time cross-border treasury solutions has garnered significant attention, especially with its partnerships with Standard
In a significant move towards modernizing the financial investment landscape, Ozean, a blockchain platform focused on real-world asset (RWA) yield generation, has teamed up with Clearpool and HELIX to transform how private credit and fixed-income assets are managed. This partnership aims to harness the power of blockchain technology to broaden the reach of off-chain investments, offering a new paradigm for
Affirm, a premier payment network dedicated to empowering consumers and driving merchant growth, has launched its pay-over-time options in the UK, marking a significant step in its global expansion strategy. This move aligns seamlessly with Affirm’s mission to offer responsible and transparent financial choices. With a growing demand in the UK for buy now, pay later (BNPL) services that eliminate
