Topic: financial technology
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Elemnta's New Tool Cuts Adviser Admin Work by 90%
Elemnta's Adviser Workbench platform automates routine administrative tasks, potentially saving financial advisers up to 90% of the time currently spent on these duties, allowing them to focus more on client service and business growth. The platform addresses a severe capacity crisis in the finan...
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Sumerge at Money 20/20: AI's Impact on Finance
Sumerge showcased its expertise in AI for finance at Money 20/20 Middle East, offering insights on technological transformation through panel discussions and consultations. During a panel on AI regulation, CTO Mohamed Nour highlighted the importance of balancing innovation with trust, focusing on...
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Tencent Cloud Drives FinTech Innovation with AI at HK Week 2025
Tencent Cloud showcased advanced cloud and AI solutions at Hong Kong FinTech Week 2025, emphasizing their role in accelerating digital transformation for global financial markets. The company presented key innovations like Tencent Yuanbao and CodeBuddy, aimed at enhancing security, streamlining o...
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Kaaj Secures $3.8M Seed Funding From Kindred Ventures
Kaaj, a fintech startup, raised $3.8 million in seed funding to transform small business lending by using AI to automate credit risk analysis, reducing underwriting time from days to minutes. Founded by industry veterans Shivi Sharma and Utsav Shah, the company addresses inefficiencies in lending...
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Tarabut Opens New Regional Headquarters in Riyadh
Tarabut has launched its new regional headquarters in Riyadh, reinforcing its commitment to Saudi Arabia's open banking framework and Vision 2030 economic goals. The inauguration involved key Saudi banks and partners, showcasing Tarabut's integration and collaborative role within the Kingdom's fi...
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Bupa Arabia Drives Healthcare Innovation at Money20/20 as Platinum Sponsor
Bupa Arabia reinforced its role as a healthcare innovator by serving as the Platinum Sponsor for the Money20/20 Middle East conference, emphasizing its commitment to integrating advanced technology with health insurance. The company showcased its Bupa CareConnect division, presenting digital tool...
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Alibaba's $53B AI Push: New Dubai Data Center at GITEX 2025
Alibaba Cloud has expanded its Middle East presence by opening a second data center in Dubai, supported by a $53 billion investment to enhance AI and cloud infrastructure over the next three years. The new facility offers advanced cloud-native and AI solutions, along with big data and storage ser...
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Zelo & Watermelon Launch 24-Hour F&B Invoice Financing
Zelo and Watermelon Ecosystem's partnership introduces 24-48 hour invoice financing, eliminating traditional 60-90 day payment delays for F&B suppliers. This collaboration addresses cash flow gaps by allowing suppliers to convert unpaid invoices into immediate working capital, enabling business g...
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Expand North Star 2025: Dubai's Role in Digital Entrepreneurship
Expand North Star 2025 reinforced Dubai's status as a global hub for digital entrepreneurship and technology, hosting the world's largest startup and investor gathering to foster the digital economy and strategic partnerships. The event featured strong local and international participation, with ...
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AI-Generated Images Fuel Fake Expense Report Fraud
The rise of advanced AI image-generation tools has made it alarmingly easy for employees to create convincing fake expense receipts, posing a significant challenge for finance departments and expense management platforms. Industry data shows a sharp increase in AI-generated fraudulent receipts, w...
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TransBnk Raises $25M to Modernize India's Corporate Banking
India's corporate banking sector lags in digitization despite a large SME market, creating a modernization opportunity for more efficient financial tools. TransBnk, a fintech startup, offers a unified digital platform for corporate banking, recently securing $25 million in funding to expand inter...
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