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Hong Kong Unveils Fintech 2030 Strategy to Accelerate AI, RWA Tokenisation
The Hong Kong Monetary Authority (HKMA) has launched Fintech 2030, a five-year roadmap built on the success of Fintech 2025. Centred on Data, Artificial Intelligence, Resilience and Tokenisation (DART), it introduces 40 initiatives, including tokenised bonds, e-HKD trials and quantum-safe infrastructure to strengthen Hong Kong’s global fintech le...
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Razorpay Partners OpenAI, NPCI to Launch Agentic Payments at Global Fintech Fest 2025
Razorpay and OpenAI, along with National Payments Corporation, are coming together to bring "India's first agentic payments" solution to the country. Using the company's payments stack, people will soon be able to search, explore, and buy groceries and other products directly through the artificial intelligence (AI)-powered chatbot. Currently, the ...
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Tech Company Stops Hiring Humans, CEO Says AI Capable Of All Office Tasks
Klarna, a leading "buy now, pay later" fintech provider, has halted human hiring and relies on artificial intelligence (AI) to perform tasks once handled by hundreds of employees.
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Swedish Fintech Company Stopped All Hiring Since Last Year Replacing Workers With AI
Klarna said earlier this year that its AI assistant, which is powered by OpenAI, is doing the work of 700 full-time customer service agents.
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In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
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China Firm Launches AI "Life Assistant" That Can Order Food, Hail Taxis
The fintech firm backed by Chinese e-commerce giant Alibaba has made a foray into products powered by artificial intelligence after announcing a "life assistant" mobile app.
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FICCI Lists Pro-Blockchain Suggestions Ahead of Upcoming Union Budget: Details
India’s non-government trade and commerce body FICCI has extended a proposal to create a blockchain portal that will unify all trading operations across India, while adhering to legal compliances. The trade body noted that increasing cross-border paperless trade activities and implementation of electronic exchange of documents is the need of the ...
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Amid Layoffs, Paytm CEO Shares 2024 To-Do List Featuring Big AI Upgrades
Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.
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Board Of Kotak Mahindra Bank Appoints Ashok Vaswani As MD And CEO Of Bank
Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.
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Paytm Investing to Build Artificial General Intelligence Software Stack: CEO Vijay Shekhar Sharma
Paytm is investing in Al to build Artificial General Intelligence software stack, founder and CEO Vijay Shekhar Sharma said in the latest annual report and also outlined the India opportunity, the fintech firm's commitment to serve the market and build a long-term profitable business. India can expect 500 million payment consumers and 100 million ...
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Google to Set Up Its Global Fintech Operation Centre in Gujarat
Google is also investing $10 billion (roughly Rs. 81,980 crore) in the India digitisation fund, said CEO Sundar Pichai.
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SBI Said to Use AI/ML Extensively in Operations: All Details
SBI on Monday said it has proposed to enhance the use of business analytics and AI/ML in decision-making and operations by deploying NextGen Data Warehouse and Data Lake and exploring new partnerships with fintechs and NBFCs for co-lending.
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Infosys on How Banks and Other Organisations Can Begin Their Journey to AI Adoption
For banks that are starting to deploy AI technology, there's a lot that can be done to make the transition fruitful and frictionless, explains Infosys Finacle's APAC Head.
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IBM and Intel Open Up on India's Startup Ecosystem and Its Challenges
IBM and Intel talk about the startup ecosystem in India, and how it's continuing to grow even as the challenges faced change.
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Hong Kong Unveils Fintech 2030 Strategy to Accelerate AI, RWA Tokenisation
The Hong Kong Monetary Authority (HKMA) has launched Fintech 2030, a five-year roadmap built on the success of Fintech 2025. Centred on Data, Artificial Intelligence, Resilience and Tokenisation (DART), it introduces 40 initiatives, including tokenised bonds, e-HKD trials and quantum-safe infrastructure to strengthen Hong Kong’s global fintech le...
-
Razorpay Partners OpenAI, NPCI to Launch Agentic Payments at Global Fintech Fest 2025
Razorpay and OpenAI, along with National Payments Corporation, are coming together to bring "India's first agentic payments" solution to the country. Using the company's payments stack, people will soon be able to search, explore, and buy groceries and other products directly through the artificial intelligence (AI)-powered chatbot. Currently, the ...
-
Tech Company Stops Hiring Humans, CEO Says AI Capable Of All Office Tasks
Klarna, a leading "buy now, pay later" fintech provider, has halted human hiring and relies on artificial intelligence (AI) to perform tasks once handled by hundreds of employees.
-
Swedish Fintech Company Stopped All Hiring Since Last Year Replacing Workers With AI
Klarna said earlier this year that its AI assistant, which is powered by OpenAI, is doing the work of 700 full-time customer service agents.
-
In Rare Speech, Jack Ma Pushes For AI, Sees Its Use In Future For Ant Group
Alibaba co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020.
-
China Firm Launches AI "Life Assistant" That Can Order Food, Hail Taxis
The fintech firm backed by Chinese e-commerce giant Alibaba has made a foray into products powered by artificial intelligence after announcing a "life assistant" mobile app.
-
FICCI Lists Pro-Blockchain Suggestions Ahead of Upcoming Union Budget: Details
India’s non-government trade and commerce body FICCI has extended a proposal to create a blockchain portal that will unify all trading operations across India, while adhering to legal compliances. The trade body noted that increasing cross-border paperless trade activities and implementation of electronic exchange of documents is the need of the ...
-
Amid Layoffs, Paytm CEO Shares 2024 To-Do List Featuring Big AI Upgrades
Fintech giant Paytm's parent company, One97 Communication, has laid off 100s of employees across verticals due to the firm's implementation of Artificial Intelligence (AI) to bring automation in its process and ensure cost-cutting.
-
Board Of Kotak Mahindra Bank Appoints Ashok Vaswani As MD And CEO Of Bank
Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak, who quit as the MD of the bank effective September 1.
-
Paytm Investing to Build Artificial General Intelligence Software Stack: CEO Vijay Shekhar Sharma
Paytm is investing in Al to build Artificial General Intelligence software stack, founder and CEO Vijay Shekhar Sharma said in the latest annual report and also outlined the India opportunity, the fintech firm's commitment to serve the market and build a long-term profitable business. India can expect 500 million payment consumers and 100 million ...
-
Google to Set Up Its Global Fintech Operation Centre in Gujarat
Google is also investing $10 billion (roughly Rs. 81,980 crore) in the India digitisation fund, said CEO Sundar Pichai.
-
SBI Said to Use AI/ML Extensively in Operations: All Details
SBI on Monday said it has proposed to enhance the use of business analytics and AI/ML in decision-making and operations by deploying NextGen Data Warehouse and Data Lake and exploring new partnerships with fintechs and NBFCs for co-lending.
-
Infosys on How Banks and Other Organisations Can Begin Their Journey to AI Adoption
For banks that are starting to deploy AI technology, there's a lot that can be done to make the transition fruitful and frictionless, explains Infosys Finacle's APAC Head.
-
IBM and Intel Open Up on India's Startup Ecosystem and Its Challenges
IBM and Intel talk about the startup ecosystem in India, and how it's continuing to grow even as the challenges faced change.
