Ant Group has sold a 4% stake in the Indian digital payments company Paytm for $246 million. This transaction involved selling 25.5 million shares at a 5% discount compared to the closing price on May 12. Consequently, Ant Group's holding in Paytm has decreased from 9.8%, marking a strategic
In an era marked by economic unpredictability and rapid technological evolution, Kyriba has introduced a groundbreaking solution poised to redefine financial operations across the globe. The unveiling of their agentic AI system, known as TAI, aims to revolutionize finance while ensuring robust
In the rapidly evolving landscape of global finance, the needs of expatriate workers have emerged as a crucial focal point for innovation. These workers, who seek to support families overseas, often face challenges related to timing, accessibility, and flexibility of remittance services. Addressing
In today's ever-evolving economic landscape, businesses face myriad challenges that can disrupt operations and threaten stability. One significant concern is the risk of non-payment from customers, which can impede cash flow and cause financial strain. Credit insurance emerges as a vital tool in
The evaluation of the European Union's alignment with global financial infrastructure standards has become a crucial topic of discussion. The focus primarily lies on the implementation of the Principles for Financial Market Infrastructures (PFMI), established to ensure the safety and efficiency of
In today's rapidly changing financial landscape, the role that artificial intelligence plays in financial management is increasingly vital. This evolution is driven by the need for sophisticated solutions to address the escalating complexity of global finance. Innovative technologies like AI are
