Platform Financial News

Leading and emerging banks, fintech companies and some of Australia’s most iconic consumer brands are implementing AI-powered technology to revolutionise their customer engagement and lending offerings. Upon pairing this technology with human nous, explainable AI helps deliver great customer service and meet regulatory obligations while providing a competitive edge.

Reskilling and upskilling are not only turning out to be effective talent retention tools but also helping companies boost revenue, according to a joint report by EY and iMocha. According to the report, more than 50% of the enterprises which participated in the global survey are undergoing “skills-first transformation” (SFT) and clocking two times growth in revenue compared with their peers. The report was released on Tuesday. Companies adopting SFT saw 61% of human resources department leaders reporting better outcomes for talent retention in 2023 and 58% reporting a boost in employee performance. The report is based on primary research via interviews and surveys with 560 HR leaders and employees across BFSI (banking, financial services and insurance), information technology, telecom and other industries across the US, EMEA (Europe, the Middle East and Africa), India, Southeast Asia and the Australia-New Zealand region. More than half of the companies that participated in the survey are embracing SFT, as per the report.

Religare Enterprises’s shares for ₹2,116 crore – a 21.91% premium over the day’s share price. The Religare team, led by chairman Rashmi Saluja, however, resisted the Burman family's offer. Since then, there has been a flurry of accusations, casting a shadow over the future of the financial services firm.

₹722.6 billion. Analysts at Choice Broking expect the defence sector to witness healthy spending over next 5-6 years, acquisition of new platforms and modernization of existing platforms, which will lead to an increase in spending in the coming years.

Apple, IBM, Disney, Warner Brothers, Comcast/NBCU, Paramount, Discovery - that's only some of the major advertisers who have abandoned X (formerly Twitter) en masse in the past few days. Most of these companies say they have “paused" advertising on X, but this is the busy season and there's no timeline to suggest how long these pauses might last. It is estimated that ad revenues this year on X will drop at least 50% compared with 2022.

U.S. financial technology firm Plaid has hired former Adyen executive Brian Dammeir as its new head of Europe, the company told CNBC exclusively.

ImpexDocs, a Sydney-headquartered software business that sells export management software solutions to the likes of GrainCorp, Inghams and Blackmores, is getting ready to meet investors for the first time.

Elon Musk's X Corp is suing liberal media advocacy group Media Matters for allegedly manipulating the social media platform's algorithms and fabricating posts to drive away advertisers. Responding to a post mentioning the lawsuit against Media Matters, Musk said it was only the first of many to be filed against the advocacy group. Also Read| Elon Musk mocks Satya Nadella's message on Microsoft - OpenAI partnership, says ‘Now they will have to…’ A lawsuit filed by Elon Musk's X Corp in a US federal court in Texas was quoted by the New York Times as saying: “Media Matters has manipulated the algorithms governing the user experience on X to bypass safeguards and create images of X’s largest advertisers’ paid posts adjacent to racist, incendiary content, leaving the false impression that these pairings are anything but what they actually are: manufactured, inorganic and extraordinarily rare," Linda Yaccarino also launched a veiled attack on Media Matters after a lawsuit was filed by X Corp.

DSP Mutual Fund announced the launch of the DSP Banking & Financial Services Fund. The scheme opened for public subscription on November 20, 2023, and will close on December 04, 2023. The scheme re-opens for continuous sale and repurchase within five days from the date of allotment.

Elon Musk's social media company X filed a lawsuit against liberal advocacy group Media Matters for America on Monday, saying it manufactured a report to show advertisers' posts alongside neo-Nazi and white nationalist posts in order to «drive advertisers from the platform and destroy X Corp.» Media Matters, a Washington, DC-based non-profit, called the lawsuit «frivolous.»

Chandra Arya on Monday shared a purported video of Pro Khalistsupporters in Surrey claiming they want to create trouble at the Hindu Laxmi Narayan Mandir there. Along with the video that he shared on social media platform X, the Canadian member of parliament, Arya, further called on the Canadian authorities to take action and step in. He wrote, «Last week, Khalistan supporters verbally abused a Sikh family outside a Sikh Gurdwara in Surrey, BC, according to some reports. Now it appears the same Khalistan group wants to create trouble at the Hindu Laxmi Narayan Mandir in Surrey.» «All these are being done in the name of freedom of speech and expression.

ChatGPT maker OpenAI, Salesforce CEO Marc Benioff has put in his hat to woo the AI researchers at the company. Benioff in a bid to woo OpenAI researchers offered them full cash and equity in order to join his company's Einstein AI research team and even suggested that these researchers can send their cv directly to him.

AMC Repo Clearing is in talks with the Securities and Exchange Board of India (Sebi) to find ways to bring down operational costs related to taxation rules and the role of intermediaries on the tri-party repo platform, which the government is banking on to deepen the corporate bond market. The clearing house, promoted by asset management companies and inaugurated by finance minister Nirmala Sitharaman in July, is discussing matters related to recent taxation changes for corporate bonds as well as regulatory guidelines related to entering tri-party repos and the costs associated with it, two market sources aware of the development told ET. «They (AMC Repo) are trying to bring down that cost to attract more participants following feedback from the market. One of the discussion points with Sebi is to do with the step announced in the budget regarding TDS (tax deductible at source) on corporate bonds,» one of the sources said. «Given the nature of a tri-party repo, there are complications arising from the move — if the TDS is deducted in the name of the AMC Repo, how is that transferred back? Moreover, there are issues surrounding the eligibility of the securities at the time of coupon payments,» the source said. A tri-party repo is a type of contract that includes a third party which acts as an intermediary between two entities — one lending against a security and the other borrowing with a commitment to repurchase (repo) the security at a later date.

Washington | The US Justice Department is seeking more than $US4 billion ($6 billion) from Binance Holdings as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange.

Duet Night Abyss, an upcoming free-to-play anime game, promises action-packed gameplay for fans of Genshin Impact and Honkai: Star Rail. Though details are still limited, the official reveal has given us a glimpse into what to expect.

CNN will premiere King Charles, a primetime limited series on November 29, at 10 PM ET. The show will be hosted by Gayle King and Charles Barkley. King Charles will be an hour-long talk show where the hosts will be engaging with each other and their guests and audience in very lively and genuine talks about the most intriguing events, topics, and cultural themes of the week.

Jujutsu Kaisen Season 2 delivered a jaw-dropping battle between Sukuna and Mahoraga in the recent episode, marking it as one of the series' standout moments. However, there are concerns that episode 18 of Jujutsu Kaisen Season 2 might face delays due to production issues stemming from reported mistreatment of studio workers. The anticipated release date for the episode is November 23, 2023, on Crunchyroll, with specific air times varying based on different time zones. Episode 18 is expected to shift its focus to Nanami, who, having survived a fiery encounter, could potentially evolve into an even more formidable sorcerer. Assuming there are no delays, Jujutsu Kaisen Season 2 Episode 18 is set to premiere in Japan at midnight Japanese Standard Time (JST) on Thursday, November 23. The episode will be simultaneously available on Crunchyroll on November 23 at 9 am (PDT), 11 am (CT), and 12 pm (EST). For fans in the UK, the release is scheduled for 17:00 British Summer Time (BST). In this upcoming episode, viewers can expect to witness the aftermath of Nanami's severe injuries as he navigates through Shibuya station. Crunchyroll stands as the premier streaming platform for anime enthusiasts worldwide, offering a diverse range of titles such as «One Piece», «Attack on Titan», and «Jujutsu Kaisen».

UnPrisoned,' led by Kerry Washington and Delroy Lindo, is set to return for a second season on Hulu in the U.S., Star+ in Latin America, and Disney+ in other regions, according to a report by Deadline.

AMC Networks has revealed that the latest addition to The Walking Dead universe, "The Ones Who Live," is set to premiere on Sunday, February 25. The series, featuring Andrew Lincoln and Danai Gurira reprising their roles as Rick Grimes and Michonne, will simultaneously debut on both AMC and AMC+. A teaser was unveiled during the Fear The Walking Dead series finale.

“Digital innovation is transforming how we transact, manage money, and view value but poses risks to our financial system,” read a statement from the Office of the Superintendent of Financial Institutions (OSFI). “Recent crypto events underscore risks of unregulated financial innovation. Public disclosures enhance transparency, comparability of data, and market discipline for a safer financial system.”

Star Wars: Knights of the Old Republic remake, initially under Aspyr's development, has faced setbacks, leading to doubts about its release. Saber Interactive took over, delaying any potential launch. Despite initial excitement, the game's current status remains uncertain. No release date is confirmed, with recent reports suggesting fans might have to wait until 2025 for the Star Wars: Knights of the Old Republic remake. Jeff Grubb from Giant Bomb indicated that the game is not currently in development and lacks a dedicated studio. Whether it's canceled or in limbo awaiting a new developer is unclear. The remake, initially slated for PS5 and PC, faces skepticism about its launch. Grubb's statement adds to the uncertainty, challenging the prospects of the game's future. The exclusive status for PS5 and PC remains unconfirmed, with doubts about its arrival on other platforms. While the original Star Wars: Knights of the Old Republic was an Xbox exclusive, the remake's uncertain fate raises questions about its availability on Xbox Series S|X. Rumors circulate about its eventual appearance on Xbox, but nothing is certain. The remake's status, developer changes, and platform exclusivity create an atmosphere of doubt surrounding the much-anticipated project.