The Bitcoin Exchange-Traded Fund (ETF) market has faced significant turbulence recently, reflecting the broader cryptocurrency landscape’s volatility. Over the past eight days, Bitcoin ETFs have experienced a combined net outflow of $1.2 billion, marking the longest streak of outflows since their introduction in January 2024. This unprecedented movement of capital away from Bitcoin ETFs aligns closely with a notable downturn
Global remittances have long been a vital lifeline for millions worldwide, enabling financial support to flow across borders swiftly and securely. This sphere is being reshaped by a new collaboration between Mastercard and NymCard, aiming to enhance and streamline these critical transactions. This partnership seeks to address existing pain points and meet the burgeoning demand for reliable, secure, and efficient
The recent closure of the GenAI-powered InsurTech startup InsurStaq.ai has thrown a spotlight on the volatile nature of the AI and startup ecosystems. Launched in 2022 by co-founders Mayan Kansal and Shivam Kaushik, InsurStaq.ai aimed to revolutionize the insurance industry using its Large Language Model (LLM) called InsurGPT. The company’s generative AI applications were designed to streamline claims processing, underwriting,
KeyBank, one of the prominent $184 billion financial institutions in the U.S., has made a strategic decision to delay its adoption of the Federal Reserve’s FedNow payment network. This choice raises questions about the bank’s forward-looking strategies in the rapidly evolving financial landscape. The decision also reflects broader trends within the banking industry regarding technological adoption. Understanding why KeyBank is
Investment planning is a critical aspect of personal finance that affects the financial future and stability of individuals. Unlike many generic solutions that exist in the market today, personalized investment planning is increasingly being seen as a necessity rather than a luxury. A one-size-fits-all approach often lacks the flexibility to address the diverse needs of individual investors. Personalization in investment
Serverfarm, a leader in global data center management, has made a significant investment by acquiring two data center campuses in Houston, Texas. This move marks the company’s first foray into the Texas market and bolsters its colocation capabilities across the United States. The acquisition, supported by equity commitments from multiple Manulife investment funds, enhances Serverfarm’s strategic positioning within the data
Banking is experiencing a transformative shift powered by the adoption of artificial intelligence (AI). As a critical driver of efficiency, personalization, and risk management, AI holds immense potential for banks seeking to stay competitive. However, realizing AI’s full potential requires careful thought and strategic implementation. In this comprehensive guide, we explore methodologies for banks to effectively harness AI technology, addressing
The world of finance is undergoing a transformative shift, with Artificial Intelligence (AI) playing a pivotal role in this evolution. The adoption of AI in finance functions has seen a significant increase between 2023 and 2024, highlighting a major shift in how financial operations are conducted. This article delves into the current state of AI in finance, showcasing the dramatic
In recent years, the banking and lending sectors have experienced a notable surge in the adoption of artificial intelligence (AI) technologies. However, the journey towards fully harnessing AI’s potential, particularly generative AI (GenAI), is fraught with both enthusiasm and trepidation. Rising Adoption with Limited Utilization A significant 80% of financial institutions have begun implementing AI, signaling widespread initial adoption. Despite
The financial landscape is undergoing a significant transformation, driven by the integration of financial services into everyday digital platforms. This phenomenon, known as embedded finance, is poised to reshape how businesses and consumers interact with financial services. As technology giants and traditional banks join forces, the implications for the future of finance are profound. Financial services, traditionally confined to specialized
The recent collaboration between Heymax, a travel rewards and personal finance platform, and Visa has created waves in Singapore’s digital payments landscape. This campaign successfully promoted both digital payments and sustainable transportation, marking significant achievements in transaction volumes, user engagement, and environmental impact. The Success of the Heymax-Visa Campaign Remarkable Increase in Transactions The Heymax-Visa campaign catalyzed a substantial rise
Cohora, a leading platform specializing in customer activation and engagement, has successfully raised an additional $2.5 million in seed funding. This investment round was led by Volition Capital and PJC, fueling Cohora’s ambitions to drive the next phase of its growth. The infusion of capital will play a crucial role in expanding the company’s capabilities, sharpening its competitive edge, and
