Tag: Financial services
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
Vanguard Opens Global Capability Centre in Hyderabad, To Create 2,300 Jobs
Global investment management leader Vanguard has inaugurated its first Global Capability Centre (GCC) in Hyderabad, marking a major milestone in the company’s international expansion...
HCLTech Finds AI Trust and Readiness Gaps in Payments Sector
HCLTech’s latest industry report reveals a paradox at the heart of the payments sector: while nearly every firm uses AI in some form, very...
HSBC Quantum Pilot Boosts Bond Trading Accuracy
HSBC has announced the successful completion of a quantum computing pilot with IBM, reporting a 34% improvement in predicting bond trade execution compared to...
NITI: AI Could Add $600B to India’s GDP by 2035
India could unlock an additional $500–600 billion in GDP by 2035 through accelerated AI adoption, according to a new report released by NITI Aayog....
Vietnam Probes Cyberattack on Credit Bureau CIC
A major cyberattack targeting Vietnam’s National Credit Information Center (CIC) has raised concerns about financial data security, with authorities confirming signs of unauthorized access...
Rachita Kapoor: Zero-Trust and the Evolution of Security Audits
With financial services being a high-risk sector, the importance of security audits, regulatory frameworks, and evolving defense strategies has never been greater. In an...
EY and NVIDIA Launch AI Agentic Platform
EY has launched the EY.ai Agentic Platform, a cutting-edge AI-driven enterprise solution built in collaboration with NVIDIA. Designed to enhance tax, risk, and finance...
Patanjali, DS Group Acquire Magma Insurance
Patanjali Ayurved and Dharampal Satyapal Group (DS Group) have acquired a 98% stake in Magma General Insurance for ₹4,500 crore, marking a significant expansion...
PB Fintech to Invest ₹696 Cr in PB Healthcare
PB Fintech Ltd., the parent company of insurance brokerage platform Policybazaar, has announced a ₹696 crore investment into its subsidiary PB Healthcare Services Pvt...
Bharti Airtel and Bajaj Finance Partner for Digital Financial Services
Telecom giant Bharti Airtel has announced a strategic partnership with Non-Banking Financial Company (NBFC) Bajaj Finance to create a comprehensive digital platform for financial...
Yenmo’s Journey: Redefining Lending Dynamics in India
In a significant development, Yenmo secures $500,000 in funding led by Y Combinator, marking a milestone in their mission to democratize financial services. Founded by...
Digital Banking: Changing Consumer Preferences and Behaviors
In today's rapidly evolving financial landscape, digital banking has emerged as a transformative force, reshaping the way consumers manage their finances. With the rise...
