RBI Scrutiny Slows Fintech Growth as Bad Loans Rise The fintech lending sector in India is experiencing a notable slowdown in growth along with a troubling increase in bad loans. This decline is happening amidst heightened regulatory scrutiny from the Reserve Bank of India (RBI) concerning the burgeoning unsecured credit business. Insights from multiple startup founders and industry experts reveal
In today’s fast-paced business environment, efficient financial management is crucial for success. Microsoft Dynamics 365 Finance offers a comprehensive solution specifically designed to streamline financial processes through automation, integration, and advanced analytics. Businesses of all sizes can benefit from the robust features offered by Dynamics 365 Finance, which facilitates seamless cash flow management, regulatory compliance, and data-driven decision-making, transforming the
In today’s landscape where startups often navigate with limited financial resources, it’s imperative to understand how they can effectively implement artificial intelligence (AI) without surpassing tight budgets. AI adoption is no longer a futuristic concept but a present necessity for startups looking to optimize operations, enhance creativity, and gain a competitive edge. Insights from fourteen CEOs and founders provide practical
Sandbox Wealth, a company offering a turnkey banking solution for non-bank financial institutions, successfully raised $1.25 million in its pre-seed funding round. The funding round was led by NextGen Venture Partners and included participation from other notable investors such as Northwestern Mutual Future Ventures, gener8tor, and RevTech Labs. The platform aims to provide Registered Investment Advisors (RIAs) and Family Offices
Growl, an AI-powered interactive boxing coach, aims to enhance family workouts and has secured $4.75 million in funding to develop its cutting-edge fitness product. This Austin, Texas, and Paris-based connected fitness startup emerged from stealth mode, introducing a personal at-home boxing and fitness coach tailored for the entire family. Growl offers an immersive, gamified, and AI-enabled fitness experience that stands
Marygold & Co. has taken a significant step towards transforming financial management for both individuals and small businesses by partnering with Moneyhub to enhance its forthcoming money management app, set to launch in early 2025. This app aims to simplify financial management without necessitating users to switch their bank accounts. By incorporating features like customizable reminders, automated savings prompts, specialized
In a bid to revolutionize business banking and simplify financial management, myTU has unveiled its new AI-powered business Visa debit card—a cutting-edge, cloud-first digital banking solution designed specifically for businesses. This innovative product has already been rolled out to customers across the entire European Economic Area (EEA), offering them both physical and virtual card options. The new card boasts a
The transformative impact of Artificial Intelligence (AI) on small and medium-sized enterprises (SMEs) in the United Arab Emirates (UAE) is markedly reshaping the digital economy. As the UAE establishes itself as a hub of technological innovation and AI adoption, the significant contributions of these advancements to the growth and global competitiveness of its SMEs are undeniable. This transformation is crucial,
In a pioneering move that has captured the attention of the tech industry, former iRobot executives have launched Familiar Machines and Magic, a new startup aiming to redefine home robotics with a focus on health and wellness. Colin Angle, the former CEO and co-founder of iRobot, has teamed up with Chris Jones, former CTO of iRobot, and Ira Renfrew, another
Emergence AI, a startup founded by IBM Research veterans, has emerged from stealth with over $97 million in funding. The company has unveiled its new enterprise-grade autonomous multi-agent AI orchestrator, which promises to outperform big tech offerings from companies like Microsoft, Salesforce, and Amazon. The orchestrator aims to enhance productivity by automating and optimizing workflows across various platforms, bridging the
In the dynamic world of e-commerce, Reserva, a prominent leader in Brazil’s innovative fashion retail sector, has recently embarked on a transformative journey that has significantly boosted its growth trajectory. Partnering with Yuno, a premier payment orchestrator, Reserva achieved sustainable growth by enhancing its purchase conversion rate by four percentage points and improving various aspects of its operations, including efficiency,
In the modern business landscape, efficiency and seamless data synchronization are critical for companies operating multiple subsidiaries. A recent development in Business Central, focused on automated General Ledger (G/L) and vendor inserts, presents a game-changer for companies striving to streamline their operations. This innovation, pioneered by experts at PDG Consultants, facilitates the automatic replication of new G/L accounts and vendor
