Category: Finance

  • AI to Transform Financial Management for Indian SMEs and MSMEs

    AI to Transform Financial Management for Indian SMEs and MSMEs

    Indian SMEs (Small and Medium Enterprises) and MSMEs (Micro, Small, and Medium Enterprises) make up more than 60 million enterprises, contributing to over 30% of the nation’s GDP and employing more than 110 million people. Despite their importance, these businesses often struggle with managing finances, maintaining accurate records, and staying compliant with regulations. Artificial intelligence…

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  • Yubi Group Launches Accumn, AI-ML credit first decisioning platform

    Yubi Group Launches Accumn, AI-ML credit first decisioning platform

    Yubi Group rebranded Corpository and FinFort under a new identity: Accumn. This strategic development is a significant advancement in Yubi’s mission to create a comprehensive AI-ML credit first decisioning platform. Corpository, acquired by Yubi in April 2022, has been pivotal in delivering advanced credit evaluation and monitoring solutions, particularly within corporate lending. Following the acquisition of FinFort in May 2023, which…

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  • Thomas Cook India and SOTC Travel launch Customer Self-Service app

    Thomas Cook India and SOTC Travel launch Customer Self-Service app

    Building momentum on its digital-first strategy, Thomas Cook (India) Limited and its Group Company, SOTC Travel, have launched a Customer Self-Service (CSS) holiday app. Available for both iOS and Android users, the app offers customers a seamless end-to-end post-booking experience. Traditionally, the post booking process was time-consuming and stressful for customers – involving coordinating for…

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  • Innoviti Raises Rs 70 Crore in Series E Funding

    Innoviti Raises Rs 70 Crore in Series E Funding

    Innoviti Technologies, a leading payments-centric retail SaaS platform, has successfully raised Rs 70 crore in its Series E funding round. The investment round was led by Random Walk Solutions, with participation from existing investors Bessemer Venture Partners, Patni Family Office, and Alumni Ventures. The fresh capital infusion will be utilized to accelerate Innoviti’s expansion into…

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  • Latest trends in the cross-border payment revolution

    Latest trends in the cross-border payment revolution

    Throughout the past decade, the rapid proliferation of mobile payment solutions has been a key enabler for digital economies across Asia and beyond. Building on our 2020 report, ‘The Next Wave: Emerging digital life in South and Southeast Asia’, which explores the emerging digital life in South and Southeast Asia, this paper examines new policy,…

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  • Octa’s analysts predict possible market volatility with launch of Ether ETFs

    Octa’s analysts predict possible market volatility with launch of Ether ETFs

    The U.S. SEC has given preliminary approval to at least three of the eight asset managers planning to launch Ether ETFs, allowing them to start trading on 23 July. This approval depends on the submission of final offering documents. According to Bitwise CIO Matt Hougan, Ether ETFs could have a more significant impact on Ether’s…

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  • Paytm Faces Financial Setback Amid Regulatory Challenges

    Paytm Faces Financial Setback Amid Regulatory Challenges

    In a significant financial downturn, Paytm, one of India’s leading digital payment companies, reported an increase in losses alongside a decrease in revenue for the latest quarter. This decline is attributed to the ongoing regulatory clampdown on digital financial services in the country. For the quarter ending June 2024, Paytm disclosed a net loss of…

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  • Why 80% of investors rely on social networks for investment information

    Why 80% of investors rely on social networks for investment information

    A recent research study conducted by Navi Mutual Fund among mutual fund investors and non-investors (Millenial and Gen Z) revealed some interesting insights into their decision-making and potential knowledge gaps. The study underscores the importance of greater financial literacy and dispelling misconceptions in empowering young adults to make informed investment decisions.  Some key findings from the study…

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  • Kotak Mahindra unveils a campaign ‘Sapno Ko SKIP nahi, SIP Karo’

    Kotak Mahindra unveils a campaign ‘Sapno Ko SKIP nahi, SIP Karo’

    It is a truth universally acknowledged that SIPs (Systematic Investment Plans) have taken India by storm. Today, more than 8 crore active SIPs is a testament to the growing popularity of SIPs. However, when we look closer, we find that many people stop their SIPs prematurely due to market fluctuations. This often happens because their…

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  • 60% believe mutual fund investing requires extensive financial knowledge: Study

    60% believe mutual fund investing requires extensive financial knowledge: Study

    While mutual funds are gaining popularity in India, a large section of investors try to stay away from putting the buck behind them. A recent research study conducted by Navi Mutual Fund among mutual fund investors and non-investors (Millenial and Gen Z) revealed some interesting insights into their decision-making and potential knowledge gaps. The study underscores the…

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