Author: nripn

Float Secures Funding to Revolutionize Credit Payment Solutions in South Africa Float, a groundbreaking payment platform associated with four-year credit cards, has successfully secured $2.6 million (approximately 46 million rands) in funding. This investment round was co-directed by Invenfin and Saad Investment Holdings, with contributions from all existing investors, including Platform Investment Partners. Notably, Lighthouse Venture Partners also took part in the funding and provided advisory support. Strategic Growth and Technological Advancement The newly acquired funding will bolster Float’s operations in South Africa, enhance its technology platform, and set the stage for future market expansion. The company has already demonstrated…

Blackline Achieves ISO/IEC 42001:2023 Certification for AI Management System The inaugural IA management certification for Blackline’s Verity AI, supported by the Studio360 platform, establishes new standards in AI governance. LOS ANGELES, September 10, 2025 / Blackline, Inc. (Nasdaq: Bland) has announced that it has successfully obtained the ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS). This accreditation serves as a trustworthy foundation for Verity, Blackline’s complete suite of AI capabilities. The Significance of ISO/IEC 42001 Certification This certification aligns with the introduction of Verity, an integrated AI suite that underpins Blackline’s commitment to ethical, transparent, and responsible AI…

Enhancing Financial Functions with AI: A Strategic Approach The Challenge of AI Initiatives In today’s rapidly evolving business landscape, many AI initiatives begin with exciting technology or innovative use cases. However, these projects often falter due to a lack of focus on addressing immediate and measurable commercial challenges. To maximize the benefits of AI, it is crucial to align these initiatives with tangible business needs. Starting Small, Thinking Big The most successful financial functions typically start with small, deliberate steps. By leveraging real operational data and listening to customer concerns, organizations can build effective AI solutions that address pressing issues.…

Venturesouq Launches Second Fintech Fund, Expanding MENA Investment Opportunities Dubai, United Arab Emirates – Venturesouq, a venture capital firm based in the CCG, has officially closed its second fintech fund, aptly named Fintech Fund II. This milestone cements the company’s reputation as a leading investor within the MENA region, setting a robust foundation for the area’s burgeoning fintech ecosystem. Strategic Partnerships Fuel Growth Supported by esteemed limited partners, including the Jada Fund of Funds, Saudi Venture Capital Company (SVC), Saudi Bank Awwal (SAB), Mubadala Investment Company, and others, Fintech Fund II is poised to make significant investments. The fund will…

Float Secures Major Funding for Innovative Payment Solutions Funding Overview Float, the innovative payment platform linked to four-year cards, has successfully raised $2.6 million (46 million rands) in a funding round co-directed by Inventory and Saad Investment Holdings. This round included participation from existing investors such as Platform Investment Partners, with advisory support from Lighthouse Venture Partners. Purpose of the Funds The newly acquired funding will be instrumental in evolving Float’s operations in South Africa. The company aims to enhance its technological platform and set the stage for market expansion while maintaining a remarkable growth trajectory. Revolutionizing Credit Usage Float…

The Deputy Prime Minister and Minister of the Economy and Finance, Koo Yun-Cheol (on the far right), delivered an encouraging speech during a ceremony marking the launch of an AI-run education program held by video on September 8 at the National Assembly of Seoul. (Photo courtesy of the Ministry of Economy and Finance) Launching AI Education Program in Korea’s Economy and Finance Sector The Ministry of Economy and Finance in South Korea has initiated a pioneering program aimed at developing “AI warriors” to harness the transformative power of artificial intelligence. This innovative approach is designed to integrate AI capabilities into…

The Rise of Ramp: Disrupting the Financial Sector September 9, 2025 Introduction to Ramp Ramp, a Finnish fintech company, has rapidly established itself within the realm of financial consulting and automated software solutions. With the ambition to rival established giants like American Express, Ramp’s innovative approach and suite of tools have resonated well with businesses seeking efficiency in financial processes. Market Performance and Valuation According to a detailed report by Fortune, Ramp has achieved a substantial valuation of $22.5 billion following multiple funding rounds over the summer. This remarkable growth is underscored by an annual income of $1 billion and…

Milken-Motsepe Prize in Fintech: Empowering Small Businesses Through Innovation The Milken-Motsepe Prize in Fintech, a remarkable initiative backed by the Milken Institute and the Word Foundation, offers a $2 million reward aimed at transforming financial landscapes for small businesses. Since its launch in May 2024, it has attracted over 3,000 entrepreneurs from 126 countries worldwide. Celebrating Financial Innovation In December 2024, the competition narrowed down to 10 semi-finalists, each showcasing pioneering solutions at the Milken Institute Middle East and Africa Summit. These innovations focus on expanding access to capital and financial services for small enterprises in emerging and border markets.…

Blackline Introduces Verity AI for Financial Automation Blackline has launched Verity AI, a suite of advanced artificial intelligence tools built on its studio360 platform. This innovative solution is designed to empower finance leaders by automating various tasks, providing predictive insights, and effectively managing a digital workforce. Meeting the Needs of Financial Officers Developed specifically for the Office of the Financial Officer, Verity AI integrates essential elements such as governance, transparency, and auditability into its processes. The platform automates complex financial tasks, offers predictive analysis, and employs AI-driven agents, overseen by the manager, Vera. Blackline’s expertise in financial process management, combined…

CFOs Focus on AI, Data Security, and Strategic Planning Amid Economic Uncertainty Menlo Park, California. September 9, 2025 / Prnewswire / – In a rapidly changing economic environment, CFOs and financial teams are prioritizing AI adoption, pricing impacts, and data security as they prepare for 2026. This insight emerges from the annual Global Survey on Financial Trends conducted by Protiviti, revealing the pressing challenges faced by financial leaders today. AI Adoption on the Rise The survey indicates a substantial increase in the use of AI tools among financial teams, which more than doubled from 34% in 2024 to 72% in…