Tag: Banks

The Secret Weapon Against Rural Poverty Isn’t Aid. It’s Fintech.

Aid Helped. But Apps Are Winning. For decades, governments and global development agencies have tried to lift rural populations out of poverty through grants and...

AI Stops $48 Billion Fraud Losses: Are Banks 100% Secure Yet?

Artificial Intelligence (AI) has shifted from science fiction into mainstream finance, reshaping critical areas like risk management, fraud detection, and regulatory compliance. As of...

JM Financial stays overweight on banks, realty, defence in India Model Portfolio

JM Financial’s latest India Model Portfolio presents a cautiously optimistic outlook, with overweight calls on sectors like banking, infrastructure, NBFCs, and metals In its latest...

Are Traditional Banks Losing the Cross-Border Race? Unmasking Fintech’s Real-Time Payment Revolution

In today’s hyper-connected economy, the evolution of cross-border payments isn’t just a trend—it’s a paradigm shift. Real-time payment systems, international remittance innovations, and the...

Moody’s upgrades rankings for 11 Saudi banks

RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...

Central Bank digital currencies drive collaboration between banks and FinTech in the UAE

Central Bank Digital Currencies (CBDCs) are transforming the financial landscape, and the UAE is rapidly advancing in this innovative space. As part of its...

Europe needs bigger banks to compete with US, Chinese rivals, says Lagarde

Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European Central Bank President Christine Lagarde said on Monday,...

UAE leads in Q2 gross loan growth as GCC banks’ net profit surges to $14.8b

Net income reported by listed banks in the GCC reached a new record high during Q2 2024 after four out of the six country...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...