Author: nripn

Fintech start-up Basic home loanan automation platform real estate loans for middle and low income households in India, raised $10.6 million (Rs 87.5 crore) under a Series B financing round. The investment was led by Bertelsmann India Investments (BII), the strategic investment arm of German giant Bertelsmann SE & Co. KGaA, as well as CE-Ventures, the venture capital platform of Crescent Enterprises, a leading diversified global enterprise headquartered in the Arab Emirates united.Existing investor Ashish Kacholia invested further and increased his stake in the company, while the round also saw participation from existing investors including Gruhas, Let’s Venture, 9Unicorns and…

Finastra today announced the appointment of Mike Stawchansky as Senior Vice President and Chief Technology Innovation Officer. Mike works in the CEO’s office and is responsible for Finastra’s technology and innovation client initiatives. Mike said, “I am very excited to be part of Finastra and am truly inspired by the passion and enthusiasm I see here around providing innovative and modern technology solutions to our clients. Additionally, it is an honor to lead such an advanced Generative AI (Gen AI) team. Finastra is ahead of the curve when it comes to training its staff on how to use this technology…

We recently compiled a list of 10 Best Fintech Stocks to Buy Now. In this article, we’ll take a look at where Fiserv, Inc. (NYSE:FI) stacks up against other fintech stocks. If you are interested, you can also read our article on 12 Best Financial and Fintech ETFs to Buy.Fintech services have become an integral part of our lives in recent years, significantly changing the financial sector. Consumers no longer need to queue at banks to get their statements, participate in money transfers or carry heavy wallets to pay for groceries in cash only. Mobile banking, credit cards and digital…

Cathie Wood’s Ark Invest dumps Palantir stock amid S&P 500 inclusion and expanded AI allianceBenzinga and Yahoo Finance LLC may earn commissions or revenue from certain articles through the links below.Wednesday, the Cathie Bois-directed Ark Invest made a notable move by selling a significant portion of its stake in Palantir Technologies Inc. (NYSE:PLTR).Palantir’s business: THE ARK Innovation ETF (NYSE:ARKK) sold 62,809 shares of Palantir. The sale took place just a few days later Inclusion of Palantir in the S&P 500 Indexsubstitute American Airlines Group, Inc.. This inclusion could potentially boost Palantir’s stock as it gains exposure to investors and as…

Thanks to technological advancements, the financial sector has seen significant growth and transformation. In this context, the term FinTech has gained popularity.According to Invest India, India has become the fastest growing FinTech market in the world, with an adoption rate of 87%. Furthermore, the market size is poised to reach $1.5 trillion by 2025. So it is true that the dynamic merger of finance and technology is certainly leading the financial sector towards a new era of innovation and accessibility.Therefore, beyond convenience, technology adoption plays a vital role in shaping the future of FinTech, driving financial inclusion. So, by offering…

Businesses are outsourcing more finance and accounting functions to service providers, seeking tailored solutions with modern technology, according to the ISG Provider Lens™ report.STAMFORD, Conn., September 25, 2024–(BUSINESS FEED)–Companies have expanded their outsourcing of financial and accounting operations while demanding more specialized capabilities from vendors, according to a new research report released today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and consulting company.The 2024 ISG Provider Lens™ Global Financial and Accounting Outsourcing (FAO) Services Report reveals that a growing number of companies are interested in comprehensive service packages that go beyond traditional outsourcing. They want…

BharatPe and his co-founder Ashneer Grover to have settled their two-year legal dispute, according to a statement released by the New Delhi-based financial technology company.“As part of the settlement, Grover will not be associated with BharatPe in any capacity and will not be part of the shareholding of the company,” the company said.Grover’s shares will be transferred to a family trust, according to the release. Even if part of its shares will be transferred to Resilient Growth Trustthe remaining stake will be managed by his family trust, the company added.-Ashneer_Grover (@Ashneer_Grover) “I have reached a landmark settlement with BharatPe. I…

open sharing links close sharing links These days, it’s not uncommon to use Venmo to split the dinner bill or Apple Pay to buy a coffee, but that wasn’t always the case. Ten years ago, most of us took money out of our wallets or handed over our credit cards to make a purchase, without taking out our phones to pay at the register. “When Google Pay and Apple Pay were just getting started, it took them a long time to take off,” said Mohit KansalSenior Vice President of Global Payments and Payer Services at Flywire, a global payments software…

New Delhi: The third edition of Fintech Festival India kicked off on March 6, marking the start of a three-day extravaganza celebrating innovation, collaboration and inclusion in the fintech sector. The event was attended by Union Minister for Information and Technology Ashwini Vaishnaw, who lauded the remarkable progress made by the Modi government over the last decade. Minister Ashwini Vaishnaw told ANI, “This is a type of industry that brings transformative changes. Prime Minister Narendra Modi has made dreams of $140 million a ‘Viksit Bharat ka Sankalp’ come true and the Fintech industry is playing a crucial role in this.…

Egyptian fintech startup SETTLE has raised $2 million in seed funding to accelerate its global expansion and further develop its platform. Founded in 2023 by Kamil Sayour and Mostafa Mobarak, ADJUST is a web-based B2B payments platform that aims to modernize businesses’ financial operations by simplifying payment processes and collecting real-time cash flow data and insights. Currently in its pre-launch phase, the startup has already processed more than 50 million Egyptian pounds ($1 million) in transactions during tests in sectors such as construction, energy and contracting, and it has now secured $2 million in pre-seed funding to accelerate its growth.…