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AI has the power to gather, analyze, and utilize enormous volumes of individual customer data to achieve precision and scale in personalization. The experiences of Mercury Financial, CVS Health, and Starbucks debunk the prevailing notion that extracting value from AI solutions is a technology-building exercise. That thinking holds companies back from capturing the power of AI. They needn’t build it; they just have to properly integrate it into a particular business context. But AI is probably only about 10% of the secret sauce. The other 90% lies in the combination of data, experimentation, and talent that constantly activates and informs the intelligence behind personalization. Personalization is the goal; it’s what constitutes a company’s strategic brawn. The technology is merely the tool for reaching it. The authors describe what it means to integrate AI tools and what it takes to continually experiment, constantly generate learning, and import fresh data to improve and refine customer journeys [ABSTRACT FROM AUTHOR]

Arpita Chatterjee, Director of Strategic Client Initiatives at Fi-Tek, is a key figure in the FinTech industry, promoting inclusivity and growth within her organization. With a background in consulting and wealth management, she brings expertise to her role, focusing on diversity, equity, and inclusion. Through her leadership, she has implemented initiatives to create an inclusive workplace and drive innovation, while also managing key client relationships to ensure the company's growth and success in the ever-evolving FinTech landscape. [Extracted from the article]

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Copyright of Abogacía is the property of Base Legal, SA de CV and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Revolut, a British fintech company, has grown from a startup to a major player in the finance industry. It recently obtained a banking license in the UK and achieved a valuation of $45 billion, putting it on par with established banks like Deutsche Bank and Barclays. Revolut is known for its low-fee products, fast money transfers, currency exchange services, and stock investment options, which have attracted 45 million customers across 38 countries. Co-founder Nik Storonsky, a former Lehman Brothers trader who gave up his Russian citizenship after the invasion of Ukraine, is now a billionaire and has faced criticism for the company's work culture and recordkeeping. Revolut is considering an IPO in the future. [Extracted from the article]

The payments platform company Xendit came to life with a pivot. Its founders first built a product that would allow individuals to exchange funds—like Venmo but with more privacy—and then rolled out a simple business-to-consumer interface, similar to a pared-down version of Shopify. But they soon realized that such apps couldn’t be successful without an infrastructure for digital transactions and banking. They’d already built an internal system to ensure quick and seamless incoming and outgoing payments, so they decided to offer it externally to speed transactions from bank to business and business to business, easing a significant pain point for enterprises of all sizes in the region. In the years since, they’ve maintained month-over-month revenue growth of more than 10% and expanded from a few dozen employees to more than 1,000 distributed around the world. And in its latest funding round Xendit achieved a valuation of more than $1 billion. Its leaders are taking the lessons learned in the company’s earliest years—know your market, stay nimble, prioritize talent and culture—to overcome new challenges, from the Covid-19 pandemic to the war in Ukraine. Their ethos is to move fast but thoughtfully, working product by product and country by country, to build and strengthen Southeast Asia’s digital economy. [ABSTRACT FROM AUTHOR]

The article profiles the Stripe payment processing company with a focus on its founders John and Patrick Collison and the alleged corporate espionage perpetrated by Stripe against fintech company Plaid. The potential public offering of Stripe stock is debated along with the categorization of the company as a "unicorn" and the company's history is recapitulated.

The article presents a profile of the financial technology entrepreneur Ryan Breslow. It mentions Breslow's company Bolt which provides one-click checkout services to merchants, the rising valuation that is driven by increasing the number of companies signing up for services, and the efforts at raising more venture capital.

Purpose: This study aims to provide a better comprehension of the behavioural intentions that influence the adoption of Islamic financial technology (Fintech) in Malaysia for two kinds of Islamic lending Fintech services, which are crowdfunding and peer-to-peer (P2P) lending. Design/methodology/approach: From May to July 2022 the primary data were collected by using a questionnaire distributed online to survey 437 Islamic Fintech clients in Malaysia. Structural equation modelling has been used to analyse the data based on using the partial least squares approach. Findings: The findings of this paper shows that planned behaviour, acceptance model and technology's use models are positively impacting factors that influence customers' opinions on adapting Islamic Fintech services in lending. The acceptance model was found to exert a negative impact on the intention to adopt Islamic lending P2P Fintech service. In addition, technology's use has a negative impact on the intention to adopt Islamic lending crowdfunding Fintech service. Research limitations/implications: First, the study is limited to Islamic Fintech customers in Malaysia only, second, the study adopted an online survey but there is no guarantee that the geography area was fully covered. Another limitation is that the study covers only Islamic Fintech services in lending, thus the study did not attend to variables such as religiosity and the authors believe that this will provide useful insights for future research. Originality/value: Despite the importance of this topic, there has been a lack of empirical evidence until now. In this paper, the authors take stock of the empirical evidence in the literature through the importance of the adoption Fintech. This study provides a broad view of the market potentials for Fintech providers from the demand side on a wide range of Islamic Fintech services rather than focussing only on payment, transfer, etc. as presented in previous studies. [ABSTRACT FROM AUTHOR]

Regulatory sandboxes are frameworks that allow startups and innovators to conduct live experiments in a controlled environment under the supervision of regulators. These sandboxes temporarily suspend regulatory barriers, allowing businesses to test innovative products and services. In India, regulatory sandboxes have been successfully implemented in the fintech sector, leading to remarkable growth and the development of the Unified Payments Interface (UPI). The country is now exploring the implementation of regulatory sandboxes in the telecom sector to foster innovation and achieve the goals outlined in the National Digital Communications Policy (NDCP). Examples from other countries, such as the United Kingdom, South Korea, and Australia, demonstrate the potential impact of telecom regulatory sandboxes. The Telecom Regulatory Authority of India (TRAI) has also made recommendations to empower startups and MSMEs in the telecom sector and encourage the development of indigenous products and solutions. Simplifying outdoor testing rules and providing necessary resources, such as spectrum, are crucial in supporting innovation and making India a global innovation hub. These initiatives have the potential to add 0.5% to India's GDP over the next five years. [Extracted from the article]

Copyright of Revista Istmo is the property of Centros Culturales de Mexico, A.C. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Istmo is the property of Centros Culturales de Mexico, A.C. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article reports on hedge fund agent Olaf Carlson-Wee. It mentions Carlson-Wee's early career in cryptocurrency at Coinbase Inc., his founding of the hedge fund Polychain Capital, and Polychain's interest in decentralized finance which uses blockchain technology for peer-to-peer financial applications.

Integrating AI into law firm financial operations offers numerous advantages and efficiencies. AI technologies streamline financial processes in law firms, freeing up time for strategic tasks. Enhanced financial analysis through AI helps law firms make informed decisions, optimize strategies and identify cost-saving opportunities. [ABSTRACT FROM AUTHOR]

The article delves into the potential of FinTech in leveraging the cryptocurrency revolution, highlighting its role in reshaping traditional finance through innovative technologies like blockchain and decentralized finance. Topics include the integration of blockchain for security and transparency, challenges and solutions in cross-border transactions, and the use of artificial intelligence for risk assessment and decision-making in FinTech.

Copyright of brand eins is the property of brand eins Medien AG and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article explores the transformative impact of blockchain, cryptocurrency, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs) and Central Bank Digital Currencies (CBDCs) on the global financial landscape. It delves into the democratizing features of DeFi, the role of NFTs in redefining digital ownership and the implications of CBDCs in shaping a new era of money, emphasizing the potential synergies among these cutting-edge technologies.

The Conservative Party plans to prioritize open banking to increase competition in Canada's banking sector by empowering fintech startups if they win the next federal election. They aim to tweak the Liberals' drafted legislation to ensure fair accreditation processes for fintechs and prevent protection of banking oligopolies. Fintechs have expressed optimism about the Conservatives' support for open banking, despite delays caused by political developments. The Conservatives' enthusiasm for open banking has stirred hope among fintechs for a more competitive banking industry in Canada. [Extracted from the article]

The article profiles international fintech company and lending agency Chipper Cash with a focus on its founders Ham Serunjogi and Maijid Moujaled. The company's development and publication of a mobile app which allows international money transfers including remittances between Uganda, Rwanda, Kenya, and Ghana is described along with venture capital investment in the firm.

The article reports on research by Todd Baker and Snigha Kumar on the effectiveness of financial technology services to aid low-income workers. It mentions the lack of access to available cash and the use of predatory payday loans, the work of companies PayActiiv and Salary Finance to provide loans based on employment records, and the benefits to both employees and their companies. INSET: "Even a Living Wage Can't Provide for All Emergencies".

Purpose: This study aims to investigate the influence of the financial system (financial development and financial structure) on firms' innovation efficiency in China. Design/methodology/approach: This study employs country level data of capital markets and financial institutions along with innovation data from 18 high-tech industries in China spanning the 2009–2016 period, and the stochastic frontier analysis (SFA) is applied to explore how financial development and financial structure affect the innovation efficiency of these industries. Findings: Results show that financial development influences firms' innovation efficiency positively and the capital-market-based financial structure has a positive impact on innovation efficiency of high-tech industries. Furthermore, when the high-tech industries are grouped into five sub-industries, the results show that financial structure had different effects on the innovation efficiency in each sub-industry. Originality/value: This work contributes to the empirical research on considering the influential factors of innovation efficiency from the perspective of financial system. This paper also extends the existing literature by the different influences of financial system on innovation efficiency in each sub-industry of Chinese high-tech industries. [ABSTRACT FROM AUTHOR]

The article focuses on North Carolina's appeal for tech-savvy employees in the post-pandemic workplace transformation, driven by the work-from-anywhere trend. It highlights the state's position as a natural fit for "fintech" businesses, with Charlotte leading in financial services and technology job growth, attracting major names like the Bank of London.

This article discusses how fintech platforms are helping smaller suppliers in the supply chain become more resilient. Traditionally, these suppliers have faced financial challenges as they are several layers away from larger companies that can provide supply chain financing. However, fintech companies have created platforms that allow SMEs to manage their cash flows and enhance their business operations. These platforms digitize SME assets, enhance connectivity and efficiency through blockchain technology, and use AI to provide cash flow predictions. By leveraging these platforms, SMEs can access funds, increase liquidity, and lower their cost of financing, ultimately making the entire supply chain more resilient. [Extracted from the article]

This study analyzes the importance and evolution of investments made by Venture Capital, Private Equity, M&A and Private and Venture Debt in the fintech sector. It focuses on the last four years since a number of historical events have taken place, such as the crisis caused by the Covid-19 or the Ukraine War, which have had a great impact on the markets and, consequently, have affected investment in the sector. In order to achieve a correct and cohesive exposition, an overview of the fintech sector is provided. In this regard, the fintech concept itself is introduced along with its essential elements and the objectives and challenges ahead. A brief historical contextualization is carried out and the invaluable contribution of these companies to goals determined by international organizations related to sustainability and the democratization of financial services is highlighted. The conclusion reached is that investments made by Venture Capital have the most significant impact on fintech industry due to the nature of these companies. As far as Private Equity investments are concerned, although they are not currently very relevant, it is expected that as the number of consolidated companies increases, they will do the same. Likewise, we see an intense activity in M&A transactions, and we expect these levels to remain stable or even to grow, provided that the macroeconomic environment allows it. Finally, we note that investments in debt, whether Venture Debt or Private Debt, are not the most common in terms of fintech, since the lack of positive cash flows does not arouse the trust of investors, who require guarantees of solvency. [ABSTRACT FROM AUTHOR]

The article presents a list of the top 50 financial technology institutions.

Swiss fintech company Temenos AG is facing turmoil after a report by Hindenburg Research alleged serious flaws in the company's books, including "major accounting irregularities" and manipulated earnings. The report claims to have conducted a four-month investigation and interviewed 25 former employees. Temenos has denied the allegations, stating that the report contains factual inaccuracies and misleading allegations. Hindenburg Research has a track record of targeting high-profile businessmen and causing significant drops in their firms' market capitalization. Temenos shares have dropped significantly following the report. [Extracted from the article]

Swiss fintech company Temenos AG is facing turmoil after a report by Hindenburg Research alleged serious flaws in the company's books, including "major accounting irregularities" and manipulated earnings. Temenos denies the report and plans to counter the claims at its Capital Markets Day. Hindenburg Research has a track record of taking on high-profile businessmen and causing significant drops in their firms' market capitalization. Temenos' shares have dropped 28% following the report, and the company is now worth about a third of its 2019 peak. [Extracted from the article]

The article discusses the transformative potential of FinTech, focusing on blockchain, DeFi, and smart contracts, which are revolutionizing cross-border payments, and the decentralized financial landscape. Topics include the integration of cryptocurrencies in FinTech for streamlined financial processes, smart contracts' impact on sectors like real estate and supply chain, and the challenges and solutions in cross-border crypto transactions, emphasizing scalability and regulatory compliance.

The article reports on Cross River Bank which focuses on supporting the financial technology industry. It mentions that Cross River provides the funds for loans originating in fintech companies, the business strategy of chief executive officer Gilles Gade, and the loss of value when the fintech companies go public.

The article discusses the development of start-up businesses in India, including in regard to the profits of financial technology (fintech) start-ups. An overview the electronic commerce (e-commerce) business Flipkart's development of cash-on-delivery method for customers reticent about using online payment systems is provided.

"Welcome to AI: A Human Guide to Artificial Intelligence" by David L. Shrier explores the origins of artificial intelligence, its potential impact on society, and the importance of responsible AI implementation. The author, a professor at Imperial College Business School, emphasizes the need for humans and AI to collaborate for optimal efficiency. While the book does not offer specific recommendations for K-12 education, it highlights the significance of emotional intelligence and teamwork in preparing students for a future with AI. This resource is valuable for school leadership and strategic planning teams seeking insights on navigating the evolving relationship between humans and AI. [Extracted from the article]

This article from Kiplinger Personal Finance discusses the safety of bank deposits and the importance of understanding deposit coverage. It highlights the risks associated with financial-technology companies that offer banking products but are not FDIC-insured. The article emphasizes the importance of opening accounts directly with FDIC-insured banks or credit unions covered by the National Credit Union Share Insurance Fund. It also explains the coverage provided by the FDIC and the NCUSIF, and provides resources for individuals to check if their deposits are fully insured. [Extracted from the article]

The article focuses on the acquisition of the fintech company Spaceship by the online stockbroking platform eToro, marking a significant development after 18 months of seeking a buyer. Topics include the potential value of the deal reaching up to 80 million U.S. dollar for investors, the background of Spaceship's investor base and funding history, and eToro's plans to enhance its market presence and product offerings through this acquisition.

The Financial Technology Association has filed a lawsuit in D.C. federal court to challenge an interpretive rule proposed by the CFPB in May. The rule requires Buy Now, Pay Later lenders to comply with legal obligations similar to those of credit card issuers. The lawsuit argues that the rule violates the Administrative Procedure Act and is arbitrary and capricious. [Extracted from the article]

Financial planning firms are increasingly using simple AI tools to save time and improve efficiency. Merrill Wealth Management and Morgan Stanley have implemented automated tools that help with scheduling meetings, taking notes, and drafting summaries. For example, Merrill has launched a scheduling app that allows clients to instantly book or change appointments, saving teams over 75,000 hours per year. Other AI tools include AI-powered assistants that summarize meetings and generate agendas based on past meeting notes. The wealth management industry is just beginning to explore the potential of AI, with applications such as scheduling and note-taking being the initial focus. However, experts believe that AI has the potential to make financial decisions and that wealth managers should embrace AI to better serve their clients and protect their firms. [Extracted from the article]

The article presents a profile of financial technology executive Nima Ghamsari. It mentions Ghamsari's start in computer software at Palantir Technologies, the establishment of his own company Blend Labs, and how the company provides software to banks to manage the records for mortgage loans.

The article discusses the benefits of mobile money among the unbanked citizens in Africa, including its speed of access and ease of service. Also cited are the importance of mobile phones or smartphones in monetary transactions involving mobile money, and the Global System for Mobile Communications Association (GSMA) data showing that the global mobile-money payments market stood at one trillion dollars in 2021.

The author discusses implementation of a central bank digital currency (CBDC) by China representing part of strategy to challenge U.S. dominance in global finance by investment into fintech innovation. Topics discussed include petro added by the U.S. to its sanction list making token an untouchable asset, smart contracts to be used by electronic Chinese yuan for programmable transactions, and e-CNY pilots statistics not published by the People's Bank.

Tawanda Nyambirai, a prominent businessman, has orchestrated a comeback to Steward Bank, a financial institution he founded, through a series of strategic moves involving EcoCash Holdings Zimbabwe Limited. Nyambirai now serves as the group CEO of EHZL and has taken control of the bank, focusing on transforming it into a "CyberTech banking group." His vision includes enhancing online banking platforms and emphasizing customer service. Nyambirai's return signals a shift in ownership and leadership at EHZL, with a renewed focus on innovation and financial inclusion. [Extracted from the article]

Econet Wireless Zimbabwe Limited and EcoCash Holdings Zimbabwe Limited have completed a Scheme of Reconstruction, transferring ownership of various Financial Technology Businesses. EcoCash Holdings Zimbabwe Limited will retain its designation as a 'Bank Holding Company,' with Steward Bank Limited as its sole asset. TN has acquired a controlling stake in the Bank Holding Company, while Econet Wireless Zimbabwe Limited and Econet Global Limited maintain minority shareholdings. Despite these changes, operational continuity remains a top priority, with Eddie Chibi continuing as CEO of the subsidiaries. The restructuring reflects a commitment to adaptability and operational excellence in the financial technology sector. [Extracted from the article]

Econet Wireless Zimbabwe has announced that EcoCash Holdings is undergoing a rebranding process to remove the reference to EcoCash, as the company no longer owns EcoCash and other fintech businesses. Shareholder changes have resulted in Tawanda Nyambirai's TN acquiring a majority stake in the Bank Holding Company, with Econet Wireless Zimbabwe and Econet Global Limited maintaining strategic shareholdings. The Financial Technology Businesses, previously under EcoCash Holdings, have been transferred to Econet Wireless Zimbabwe, with Eddie Chibi remaining as CEO. Nyambirai has made board changes and plans to focus on enhancing online banking services and customer service. [Extracted from the article]

Copyright of AutomotiveIT is the property of Media-Manufaktur GmbH and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

India's Nifty 50 Index will include Zomato Ltd. and Jio Financial Services Ltd. starting March 28, replacing Britannia Industries Ltd. and Bharat Petroleum Corporation Ltd. This move signifies the growing acceptance of new-age technology stocks by mainstream investors in India. The addition of these digital era companies reflects the changing landscape of the Indian stock market, catering to a tech-savvy and affluent consumer base. Despite recent market challenges, passive funds tracking the Nifty 50 are expected to provide support to Zomato and Jio Financial. [Extracted from the article]