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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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Goldman Sachs Plans to Spin Out Blockchain-Based Digital Assets Platform : Report
Goldman Sachs is working to create a crypto platform. The company, presently, is in talks with various other fintech and Web3 firms which, it feels, have the potential to become partners and load the crypto platform with various features.
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UK to Launch Pilot for Blockchain-Based Digital Gilt Instrument: Key Details
For its upcoming gilt instrument, the UK aims to harness the benefits of Distributed Ledger Technology (DLT), including automation, smart contracts, and streamlined management of the entire securities lifecycle.
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South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
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Binance's Tri-Party Model: How It’s Calming Institutional Investor Concerns, According to Division Head
In conversation with Gadgets 360, Catherine Chen, Head of VIP & Institutional at Binance, highlighted that crypto asset volatility continues to make investors hesitant to explore the asset class. Chen emphasized that the primary challenge for exchanges in gaining investor trust—across all levels—lies in continuous research to precisely identify...
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Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
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Fintech Firm Stripe Has Reportedly Acquired Stablecoin Platform Bridge For Over a Billion Dollars
Stripe has reportedly spent $1.1 billion (roughly Rs. 9,248 crore) to acquire Bridge, a stablecoin platform that enables the issuance of stablecoins. Multiple reports have described this acquisition as the largest to date in the Web3 space.
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CRED Cancels Jackpot Prize Worth Rs 3.25 Lakh Over "Bug" In System
A Delhi man was left disappointed after Fintech company CRED cancelled his jackpot win worth Rs 3.25 lakh.
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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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Google Pay Announces UPI Circle, UPI Vouchers and More Features at Global Fintech Fest 2024
Google Pay, the Unified Prepaid Interface (UPI) payments app, announced new features at the Global Fintech Fest (GFF) 2024. The company said that these new features, which will be rolled out later this year, will make it easier for users to make payments and transact through the app. Some of the features announced at the GFF include UPI Circle, UPI...
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Boat Smartwatches in India Get Tap and Pay Functionality in Collaboration With Mastercard
Boat smartwatch users will now be able to use tap and pay functionality at eligible point-of-sale (POS) terminals in India, following an announcement made at the Global Fintech Fest (GFF) 2024 on Friday (August 30). For this move, the Indian smart wearable brand is partnering with Mastercard, enabling payment services on credit and debit cards from...
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world.
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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.
-
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.
-
Goldman Sachs Plans to Spin Out Blockchain-Based Digital Assets Platform : Report
Goldman Sachs is working to create a crypto platform. The company, presently, is in talks with various other fintech and Web3 firms which, it feels, have the potential to become partners and load the crypto platform with various features.
-
UK to Launch Pilot for Blockchain-Based Digital Gilt Instrument: Key Details
For its upcoming gilt instrument, the UK aims to harness the benefits of Distributed Ledger Technology (DLT), including automation, smart contracts, and streamlined management of the entire securities lifecycle.
-
South Korea Arrests 215 On Suspicion Of $228 Million Crypto Scam
South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
-
Binance's Tri-Party Model: How It’s Calming Institutional Investor Concerns, According to Division Head
In conversation with Gadgets 360, Catherine Chen, Head of VIP & Institutional at Binance, highlighted that crypto asset volatility continues to make investors hesitant to explore the asset class. Chen emphasized that the primary challenge for exchanges in gaining investor trust—across all levels—lies in continuous research to precisely identify...
-
Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
-
Fintech Firm Stripe Has Reportedly Acquired Stablecoin Platform Bridge For Over a Billion Dollars
Stripe has reportedly spent $1.1 billion (roughly Rs. 9,248 crore) to acquire Bridge, a stablecoin platform that enables the issuance of stablecoins. Multiple reports have described this acquisition as the largest to date in the Web3 space.
-
CRED Cancels Jackpot Prize Worth Rs 3.25 Lakh Over "Bug" In System
A Delhi man was left disappointed after Fintech company CRED cancelled his jackpot win worth Rs 3.25 lakh.
-
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.
-
Google Pay Announces UPI Circle, UPI Vouchers and More Features at Global Fintech Fest 2024
Google Pay, the Unified Prepaid Interface (UPI) payments app, announced new features at the Global Fintech Fest (GFF) 2024. The company said that these new features, which will be rolled out later this year, will make it easier for users to make payments and transact through the app. Some of the features announced at the GFF include UPI Circle, UPI...
-
Boat Smartwatches in India Get Tap and Pay Functionality in Collaboration With Mastercard
Boat smartwatch users will now be able to use tap and pay functionality at eligible point-of-sale (POS) terminals in India, following an announcement made at the Global Fintech Fest (GFF) 2024 on Friday (August 30). For this move, the Indian smart wearable brand is partnering with Mastercard, enabling payment services on credit and debit cards from...
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
53 Crore Jan Dhan Accounts, Rs 27 Lakh Crore Micro Loans: PM's Fintech Report Card
Prime Minister Narendra Modi on Friday said India is adopting fintech with "unmatched speed and scale" which is unparalleled in the world.
