Author: nripn

(Bloomberg) — Salesforce Inc. plans to hire more than 1,000 workers to sell its new generative AI agent product. Most read on Bloomberg This hiring wave aims to capitalize on the “incredible momentum” of the new artificial intelligence product, Chief Executive Officer Marc Benioff said in a message. “Agentforce only became available two weeks ago and we are already receiving incredible feedback from our customers. » The best-seller in customer relationship management software, Salesforce this year pivoted its AI strategy to focus on agents, tools capable of performing tasks such as customer support or sales development without supervision human. The…

Chitkara University has launched the Dr Raj P Narayanam Fintech Center of Excellence in collaboration with Fintech giant Zaggle at its Rajpura campus in Punjab.The Center claims to meet the growing demand for skilled professionals in the growing fintech sector.The launch event was graced by Dr. Raj P. Narayanam, Founder and Executive Chairman of Zaggle, and Dr. Ashok K. Chitkara, Chancellor of Chitkara University. Others present were Dr Sandhir Sharma, Vice-Chancellor of Chitkara University, along with faculty and students of Chitkara Business School.A Memorandum of Understanding (MoU) was also signed between Chitkara University and Zaggle to formalize knowledge sharing between…

Quasar Marketsa leading financial services platform founded by Steven E. Orrwas crowned winner of two categories at the FinanceFeeds Awards 2024, capture the Fintech Startup of the Year And AI Startup of the Year securities. Launched with the aim of becoming “the Amazon of finance”, Quasar Markets is distinguished by its approach integrating artificial intelligence (AI) and Web3 technology to create a dynamic and personalized financial experience for institutional and retail traders. The story of Quasar Markets began when Steven Orr, a Wall Street veteran and former chief strategy officer at Money.Net, recognized a gap in the tools and services…

(Reuters) -Taiwan Semiconductor Manufacturing Co (TSMC) (TSM) informed Chinese chip design companies that it was suspending production of their most advanced AI chips starting Monday, the Financial Times reported, citing three people familiar with the matter. TSMC, the world’s largest contract chipmaker, has told Chinese customers it will no longer make AI chips on advanced process nodes 7 nanometers or smaller, the FT reported on Friday. The United States has imposed a series of measures aimed at restricting the shipment of advanced GPU chips – which enable AI – to China in order to hamper its artificial intelligence capabilities, which…

November 11, 2024 Written by FinTech Alliance in Financial Technology A recent LawDeb survey shows that 29% of UK employees use AI in their work, and 10% of them rely on it for a significant part of their role. Men, particularly those aged 25-34 in London, are more likely to use AI, with 34% of men using it compared to 25% of women. However, comfort levels vary, with more than a third (37%) of workers reportedly not comfortable with AI at all, citing reasons such as lack of knowledge, ethical concerns or fear of repercussions.Patrick Davis, Head of Corporate Secretarial…

AI-powered transaction monitoring, sanctions screening and fraud prevention deliver proven benefits as adoption gains tractionNew study from SymphonyAI and Regulatory Asia finds legacy systems, data quality, model explainability, data privacy and regulatory uncertainty hinder adoption of AI in crime compliance financial.Only 15% of Asian financial institutions report “advanced” integration of AI into their compliance functions, leaving significant untapped potential.Financial crime, particularly money laundering, represents a growing threat, accounting for up to 6.7% of global GDP.Palo Alto, Calif. (ANTARA/PRNewswire) – SymphonyAI, a leader in predictive and generative artificial intelligence (GenAI) SaaS products for the enterprise, today launched a new report with…

Free newsletterGet the latest Fintech Singapore news delivered to your inbox once a monthDBS Group, Singapore’s largest bank, is considering acquisitions in Malaysia as part of its regional expansion strategy, according to sources.Reuters has learned that potential targets include a 29.1% stake in Alliance Bank Malaysia held by Singapore state investor Temasek, valued at around US$460 million.Furthermore, DBS is reportedly considering purchasing retail banking assets from Malaysia’s Kuwait Finance House, reportedly worth more than $500 million.Both acquisitions would require approval from Malaysia’s central bank, Bank Negara Malaysia.These discussions are still at a preliminary stage and no agreement has been reached,…

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – November 11, 2024 – AI has already had a profound impact on financial markets. Its ability to predict trends, execute trades quickly and manage risk fundamentally transforms investment strategies. Since it allows businesses to deliver an enhanced user experience with improved accuracy and personalization, businesses have started adopting this technology and implementing AI-based solutions. NVIDIA 2024 Survey found that more than 60% of financial services companies have already integrated AI into their processes, while 25% are actively considering doing so. These companies are using AI to improve decision-making, streamline operations, and improve…

When the U.S. federal government cut interest rates by half a percentage point last week, it was good news for venture capitalists backing a particularly struggling class of startups: fintechs, in especially those who rely on loans to obtain liquidity to operate their businesses. These companies include corporate credit card providers like Ramp or Sidewhich gives maps to fleet owners. Card companies make money from interchange rates, or transaction fees, charged to merchants. “But they have to front the money by getting a loan,” said Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures, a fintech-focused firm. “The conditions…

Hong Kong is carving out a place for itself as a vibrant hub of innovation and technology, especially as fintech companies from mainland China move in to access booming markets like Hong Kong. ASEAN. This dynamic, fueled by government strategic initiatives, is reshaping not only the local economy but also broader regional trade dynamics.According to Jiang Xuan, senior vice president of KN Group, the growing support from the Hong Kong government has been essential for their operations. “We will transfer some of our national risk management and research and development teams from the mainland to Hong Kong, but we want…