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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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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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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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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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SEBI Notice To Paytm On 2.1 Crore Employee Stock Options To CEO, Firm Says...
Market regulator Sebi has issued notice to fintech firm One97 Communications, which owns the Paytm brand, in the March 2024 quarter on employee stock options given to its MD and CEO Vijay Shekhar Sharma, according to the company filing.
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Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report
Paytm is in talks with Zomato to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
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Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
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PhonePe Users Can Now Make Payments Through UPI In Singapore
Fintech firm PhonePe on Wednesday said its users can now make payments through UPI in Singapore under a pact signed by the company with The Singapore Tourism Board.
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This Indian CEO Worked As Delivery Boy After His Family Went Bankrupt
Kunal Shah, Chief Executive Officer (CEO) of fintech company CRED, was forced to work as a delivery agent and as a data entry operator when his family went bankrupt, Info Edge founder Sanjeev Bikhchandani shared.
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Paytm Shares Hit Hard By RBI Action Against Payments Bank, Plunge 20%
Shares of fintech company Paytm plunged 20% in pre-open trade on Thursday, a day after the Reserve Bank of India (RBI) announced to halt business at its associate Paytm Payments Bank.
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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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Paytm Announces Job Cuts in India to Save Costs
One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.
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CRED CEO Says "Success Isn't Club You Can Enter Through Inheritance", Sparks Debate Online
Kunal Shah, Chief Executive Officer (CEO) of fintech company CRED, has sparked a social media debate after stating that success is not a club that one can enter through inheritance.
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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.
-
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.
-
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.
-
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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SEBI Notice To Paytm On 2.1 Crore Employee Stock Options To CEO, Firm Says...
Market regulator Sebi has issued notice to fintech firm One97 Communications, which owns the Paytm brand, in the March 2024 quarter on employee stock options given to its MD and CEO Vijay Shekhar Sharma, according to the company filing.
-
Paytm In Talks With Zomato To Sell Movie Ticketing Business: Report
Paytm is in talks with Zomato to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Paytm Signals Job Cuts, Asset Sales After Hit From India Probe
Paytm warned of job cuts and said it would trim non-core assets after reporting its first sales decline on record, reflecting fallout from a regulatory probe that curtailed much of the Indian fintech pioneer’s business.
-
PhonePe Users Can Now Make Payments Through UPI In Singapore
Fintech firm PhonePe on Wednesday said its users can now make payments through UPI in Singapore under a pact signed by the company with The Singapore Tourism Board.
-
This Indian CEO Worked As Delivery Boy After His Family Went Bankrupt
Kunal Shah, Chief Executive Officer (CEO) of fintech company CRED, was forced to work as a delivery agent and as a data entry operator when his family went bankrupt, Info Edge founder Sanjeev Bikhchandani shared.
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Paytm Shares Hit Hard By RBI Action Against Payments Bank, Plunge 20%
Shares of fintech company Paytm plunged 20% in pre-open trade on Thursday, a day after the Reserve Bank of India (RBI) announced to halt business at its associate Paytm Payments Bank.
-
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.
-
Paytm Announces Job Cuts in India to Save Costs
One 97 Communications, parent of fintech firm Paytm, confirmed a "slight reduction" in its workforce on Monday as part of cost-cutting measures without specifying the number of jobs. A company spokesperson, however, denied recent media reports that have suggested the non-bank lender could cut more than 1,000 roles.
-
CRED CEO Says "Success Isn't Club You Can Enter Through Inheritance", Sparks Debate Online
Kunal Shah, Chief Executive Officer (CEO) of fintech company CRED, has sparked a social media debate after stating that success is not a club that one can enter through inheritance.
