Financial Technology
Latest news, explainers and analysis on Financial Technology. Tracking 15 stories on Arth Vani.
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Latest on Financial Technology
Félix Raises ₹722 Crore to Expand Beyond Remittances, Eyeing New Financial Products
US-based fintech Félix has secured $87 million (approx. ₹722 crore) in a Series C equity round, part of a larger $200 million (approx. ₹1,660 crore) funding effort. The chat-based platform, currently facilitating remittances for Latino immigrants via WhatsApp, plans to diversify into a wider range of financial products.
Paolo Pelizzoli Recognised for Pioneering Fintech Innovation by The Inner Circle
Paolo Pelizzoli has been acknowledged as a Pinnacle Professional Member by The Inner Circle, an exclusive professional network. This recognition highlights his significant contributions to advancing financial technology. His work specifically focuses on driving innovation where finance and technology intersect.
MUFG Tests Blockchain for Japanese Government Bond Repo Settlement
Mitsubishi UFJ Financial Group (MUFG) is exploring the use of blockchain technology to streamline the settlement of Japanese Government Bond (JGB) repurchase (repo) transactions. This proof-of-concept aims to enhance efficiency and reduce risks in a crucial segment of the financial market.
TruTrade to Simplify Advanced AI-Driven Trading for Retail Investors Globally
TruTrade announced on August 12, 2026, from Scottsdale, Arizona, its focus on making advanced AI-driven trading technology more accessible and user-friendly for retail traders. The company aims to provide greater flexibility and control over the trading experience, moving away from traditionally complex systems. This initiative signals a trend towards democratizing sophisticated trading tools for a broader audience.
New LaunchAllvue Systems Launches AI-Powered Platform to Streamline Loan Operations
Allvue Systems has introduced "Intelligent Loan Operations," a new platform that uses agentic AI to manage the entire loan transaction lifecycle. This aims to simplify and automate processes from loan agent notices to general ledger consolidation for financial institutions.
BreakingAstraeus Launches AI Platform for Wealth Managers, Secures ₹83 Crore Funding
Astraeus, a new firm founded by ex-MoneyLion staff, has launched an AI-native infrastructure platform designed for wealth management companies. The startup has successfully raised over ₹83 crore (approximately $10 million) in funding to power this initiative, aiming to enhance how financial advisors operate.
DPIIT Partners with Cashfree Payments to Boost Indian Startup Ecosystem
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed agreements with five firms, including Cashfree Payments, to provide comprehensive support to Indian startups. Eligible startups will gain access to secure payment solutions, identity verification, and risk management services, along with preferential onboarding and commercial benefits.
Lemonade CFO Tim Bixby to Present at Oppenheimer Tech Conference on August 12, 2026
Lemonade, the NYSE-listed insurtech company known for its AI-powered insurance model, announced its Chief Financial Officer, Tim Bixby, is scheduled to present at the Oppenheimer 29th Annual Technology, Internet & Communications Conference. The presentation is set for Wednesday, August 12, 2026, at 1:15 pm Eastern Time.
TS Imagine Offers Prediction Market Data to Institutional Trading Desks
Financial technology firm TS Imagine is now providing prediction market data directly to institutional trading desks. This new service aims to help large financial institutions better assess and test various market-moving probability scenarios for more informed decision-making.
Tax Preparers Using AI: Is Disclosure to Indian Clients Mandatory?
A global debate is emerging among tax professionals about whether they should disclose the use of Artificial Intelligence (AI) in preparing tax returns to their clients. This discussion highlights a potential gap in current regulations, including those in India, regarding the ethical implications of AI in financial services.
Bank of America Acquires UK's MDSec Consulting to Bolster Cyber Defenses
Bank of America is set to acquire MDSec Consulting, a UK-based information security specialist. This strategic move aims to significantly enhance the global banking giant's internal cybersecurity capabilities. The acquisition underscores the growing importance banks place on robust in-house defenses against evolving cyber threats.
Bank-Backed Partior & OpenAssets Trial Shows Instant, Secure Digital Asset Transfers
Global settlement platform Partior, backed by major banks, and digital asset provider OpenAssets have successfully tested a new technology. This trial demonstrated how various digital assets, including regulated stablecoins and tokenised bank deposits, can be exchanged instantly and securely. This innovation could pave the way for faster and safer financial transactions in the future.
Ondo Finance Leads Global Shift to Tokenized Stocks as Wall Street Embraces Blockchain
Ondo Finance is at the forefront of the tokenized stocks market, a growing global trend where traditional shares are represented on blockchain technology. This development signals a significant move by Wall Street towards integrating financial assets with blockchain, aiming for greater efficiency and accessibility in the future.
Broadridge Financial's Upcoming Earnings: What Global Investors Track
Broadridge Financial is preparing to release its latest earnings report, a key event for global investors tracking the financial technology sector. While specific figures are not available, market participants will be keen to understand the company's performance and future outlook.
Capital One Open Sources AI Tool 'VulnHunter' to Enhance Banking Cybersecurity
Capital One, a prominent US bank, has open-sourced 'VulnHunter', an AI-powered security tool designed to identify vulnerabilities in software code by simulating hacker tactics. This move allows other financial institutions globally, including those in India, to adopt this advanced technology, potentially bolstering the security of digital banking and customer data.
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