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Each Indian SME Loses 67 lakhs Annually due to Legacy System Dependence to Manage Financial Operations - RazorpayX Study

 

-          Around 1446 hours annually wasted per SME on mundane, repetitive tasks and manual errors

-          66% SMEs want easier access to capital and faster means for loan approvals and verification 

Tuesday, January 11, 2022 - 09:37
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Financial IT
ION TradAir Partners with BlockQuake to Create Greater Crypto Liquidity

 ION, a global provider of trading, clearing, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, today announces that one of its group companies, TradAir, has partnered with BlockQuake, a global regulatory-driven cryptocurrency and digital asset exchange, to improve seamless liquidity integration.

Tuesday, January 11, 2022 - 09:33
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Financial IT
Over 5 Crore Aadhaar Authentication Happening per day; Over 40 Crore last-mile Banking Transactions Per Month through AePS: UIDAI

 Dr Saurabh Garg, CEO, UIDAI, today said that over five crore Aadhaar authentication is taking place per day and over 40 crore last-mile banking transactions are being done every month through Aadhaar-enabled Payment System (AePS).

Tuesday, January 11, 2022 - 09:10
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/news/transaction-banking/over-5-crore-aadhaar-authentication-happening-day-over-40-crore-last-mile
Financial IT
YES SECURITIES envisages Nifty hitting 21,000 in 2022 and 32,000 in 2025
  • Household consumption will increase by 46% to INR 191 trillion over the next four years; GenZ and Millennials to drive consumption
  • Troubled sectors like Telecom, Capital Goods, Pharma, Banks, Asset Management, Real Estate, Cement, Discretionary, Building Materials among others are out of woods
  • US FED Taper Tantrums won’t spoil the party; market cycles hints at a mega rally

 

Tuesday, January 11, 2022 - 09:07
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/news/banking/yes-securities-envisages-nifty-hitting-21000-2022-and-32000-2025
Financial IT
A Volatile Ride for Tech Stocks and Crypto as Worries about Inflation Resurface

Susannah Streeter, senior investment and markets analyst.

Tuesday, January 11, 2022 - 09:03
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/news/investment/volatile-ride-tech-stocks-and-crypto-worries-about-inflation-resurface
Financial IT
Advantage One Credit Union Selects Scienaptic’s AI-Powered Credit Underwriting Platform

Leading AI-powered credit decision platform provider, Scienaptic announced today that Advantage One Credit Union has chosen its AI-based underwriting platform to complement its lending process and make advanced loan decisions.

Tuesday, January 11, 2022 - 08:54
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/news/artificial-intelligence/advantage-one-credit-union-selects-scienaptics-ai-powered-credit
Financial IT
Fingerprints’ T-shape 2 Biometric Module for Payments Passes new Security Requirement from Mastercard®

Fingerprint Cards AB’s (Fingerprints™) second-generation T-Shape® sensor module and software platform for biometric payment cards have achieved compliance with Mastercard’s new Fingerprint Sensor Evaluation Process. Having passed the former specifications last year, Fingerprints has proactively secured this updated approval to simplify the process for card manufacturers to launch second generation biometric payment cards.

Monday, January 10, 2022 - 16:26
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Financial IT
SRAX Announces Full Year and Q1 2022 Revenue Guidance
  • Full Year 2022 guidance of $46-48M, an increase of 46% - 52% over 2021 unaudited revenue of approximately $31.5M.
  • Q1 2022 guidance of $11.5M, a 111% Increase over Q1 2021 revenue.
  • Q4 2021 booking meets expectations.

SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, today, announced revenue guidance for 2022.

Monday, January 10, 2022 - 16:12
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Financial IT
Moviecoin․com to Transform Movie Financing on Blockchain – World first Initial Coin Offering

- NFTs and blockchain create first-of-its-kind movie funding platform Moviecoin.com, set to revolutionize the movie industry

- The launch kicks off with a reduced cost seeding round for early-bird investors on January 10th and an impressive road map rich in utility from there on in

Russell Crowe and Mel Gibson top the bill as stars appearing in blockbusters part-funded by new platform

Monday, January 10, 2022 - 16:10
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Financial IT
nCino Completes Acquisition of SimpleNexus

Extends cloud-based platform with leading homeownership point-of-sale and mobile-first capabilities

Monday, January 10, 2022 - 16:07
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Financial IT

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