Alona Shevtsova of Sends Highlights the Future of Responsible AI at Dubai FinTech Summit 2025
London, United Kingdom--(Newsfile Corp. - May 15, 2025) - Sends, a British payment provider, participated in Dubai FinTech Summit 2025, which occurred on May 12-13 at Madinat Jumeirah. Organised by the Dubai International Financial Centre (DIFC), the event draws over 9,000 attendees from 120+ countries, including top investors, founders, regulators, and fintech leaders.
Sends
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10281/252125_a6a809d43455eb9b_001full.jpg
Representing Sends, CEO Alona Shevtsova participated in a discussion on How regulators are shaping the future of AI in finance. The session addressed the balance between innovation and oversight in a rapidly evolving tech-driven industry.
"Responsible AI is the future of finance. As AI rapidly transforms the financial sector, the role of regulators becomes crucial in setting ethical, transparent, and innovation-friendly frameworks. Clear and adaptive regulation protects consumers and market integrity and gives fintechs the confidence to build AI-driven solutions responsibly. Collaboration between innovators and regulators is the key to unlocking AI's full potential in finance," said Alona Shevtsova, CEO of Sends.
This year's "FinTech for All" summit spotlights key topics such as AI, blockchain, digital economies, and sustainable finance. Sends showcases its latest innovations in cross-border payments, regulatory technology, and embedded financial infrastructure, underscoring its commitment to building a transparent, secure, and inclusive financial system.
Given the growing influence of the Dubai Fintech Summit and the strategic role of Dubai as a fintech hub, it is expected to continue as an annual event, fostering innovation and collaboration in the financial technology sector.
Sends is a valuable financial tool for both business and personal use. This spring, the company launched a zero-fee personal account opening offer. Learn more
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
14 minutes ago
- Globe and Mail
Apple vs. Amazon: Which Warren Buffet AI Stock Is the Better Buy Today?
The race to the top of the artificial intelligence (AI) mountain is on, and the usual suspects are in the running. Two of the top AI companies today are also two of the stocks in the Berkshire Hathaway portfolio. Apple (NASDAQ: AAPL) is one of Warren Buffett's favorite companies, and he's called it a better business than his other favorites, Coca-Cola and American Express. It's the largest position in the Berkshire Hathaway portfolio, accounting for 21.6% of the total. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Amazon (NASDAQ: AMZN), on the other hand, was purchased by one of Berkshire Hathaway's investment managers, not Buffett himself, although Buffett has admitted his admiration for founder Jeff Bezos. Amazon stock accounts for only 0.8% of the portfolio. It's clear which company works better for Buffett, but which one is better for your portfolio? Apple: The sticky ecosystem Many investors know that Buffett loves an undervalued stock. But when explaining how he chooses stocks, he calls himself a business picker, not a stock picker. When explaining what he loves in a great business, he invariably talks about moats and capital deployment. "I didn't go into Apple because it was a tech stock in the least," he explained when he first bought it. "I mean, I went into Apple because to certain conclusions about both the intelligence with which the capital would be employed, but more important, about the value of an ecosystem and how permanent that ecosystem could be, and what the threats were to it, and a whole bunch of things." To explain how he thinks, he said that even though he made a mistake by not buying Alphabet back when it was still Google, he saw that it had displaced an earlier search engine called Alta Vista and figured it could be displaced, as well. In other words, at the time, it wasn't clear that it would have the moat that it has today, essentially making it impossible for any competition to come close to its status in the near term. However, Buffett has said that, to have a moat that's investment-worthy, "You have to have some very, very, very special product, and which has ecosystem, and the product's extremely sticky, and all of that sort of thing." Apple's AI is all about reinforcing its ecosystem to keep its loyal customers. It's another way the consumer-tech giant enhances its ecosystem and becomes even more sticky. Buffett first bought shares of Apple stock in 2016 and built up his position for a few years before selling about half of it last year, but it didn't balloon to about half of the total portfolio strictly because Berkshire Hathaway bought more shares. When he first bought it, Buffett said that he owned about 5% of shares outstanding but expected that to increase to about 6% to 7% through Apple's share-buyback program alone. That's one of the reasons Buffett loves stock repurchases as a stock feature. His stake in Apple has increased by billions of dollars simply because the company bought back its own shares. Does the investing thesis still apply? Absolutely. I will point out, though, that Apple is a lot more expensive today than it was when Buffett bought it, and it doesn't present the same value at its current price. AAPL PE Ratio data by YCharts. Amazon: The opportunity Amazon's AI business and ambitions are completely different than Apple's. While it also uses AI throughout its own business, its greatest AI opportunities are in the Amazon Web Services (AWS) cloud computing segment, which is all about empowering the company's massive client base. As far as AI goes, Amazon's opportunity to generate sales seems to vastly outdo Apple's. If Buffett loves Apple because it's a consumer-product powerhouse as opposed to a tech giant, Amazon's investing thesis is in its tech prowess, which isn't in Buffett's wheelhouse. Amazon is already seeing massive benefits from investing in AI. It's a multibillion-dollar business, but CEO Andy Jassy sees the opportunity as much bigger. It's growing in the triple digits, and Jassy said: "Before this generation of AI, we thought AWS had the chance to ultimately be a multi-hundred billion dollar revenue run rate business. We now think it could be even larger." He envisions how AI can make people's everyday tasks much easier. Amazon is heavily investing in the building blocks for developers to create game-changing AI-enabled apps. What's also enticing about Amazon is its other businesses. As far as being a tech company or not, Amazon is the largest e-commerce company in the country, with a strong moat around its leading consumer-goods business. That's likely what got Amazon into the Berkshire Hathaway portfolio, and like Apple, that's its own self-reinforcing, sticky ecosystem. As for the stock price, in contrast with Apple, Amazon's valuation is near its 10-year low. AMZN PE Ratio data by YCharts. There are good reasons to buy either of these stocks today, but Amazon looks like the better buy right now. Should you invest $1,000 in Apple right now? Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to173%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. American Express is an advertising partner of Motley Fool Money. Jennifer Saibil has positions in American Express and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Berkshire Hathaway. The Motley Fool has a disclosure policy.
National Post
an hour ago
- National Post
IQM's State of Quantum 2025: Quantum Industry Must Solve Talent Shortage and Software Platforms, Not Just Qubits
Article content The report predicts that quantum computing market will hit over $22 billion globally by 2032 as commercial deployments accelerate. Article content Highlights how AI, high-performance computing (HPC), and quantum technology are converging to drive the next wave of growth. Article content This is the third edition of the state of quantum report by IQM Quantum Computers. Article content ESPOO, Finland — IQM Quantum Computers in collaboration with analyst firm Omdia (LON:INF), today unveiled the third edition of its State of Quantum Report, revealing that the quantum industry must address talent shortages and software development kits (SDK) gaps in order to scale beyond just qubit count. Article content As quantum computing shifts from theoretical promise to practical integration, the report projects that the global quantum computing market will reach over $22 billion by 2032 as commercial deployments accelerate. Article content The findings also show that 75% of respondents believe that defining the right applications is the most critical factor for adoption. As Dr. Jan Goetz, Co-CEO and Co-founder of IQM, noted in his foreword, 'Quantum's promise is clear, but fulfilling it requires orchestrated progress across the hardware and software stack—transforming these powerful machines from niche tools into drivers of real-world outcomes.' Article content The report also argues that progress hinges on synchronising hardware industrialisation with software platform maturity. Today, software development kit fragmentation hampers portability and slows adoption in multi-vendor settings. Article content HPC, Quantum, and AI Integration Article content The report also highlights how high-performance computing (HPC), quantum computing, and AI are converging to drive the next wave of growth. According to industry experts, investors, and users across Europe, North America, Asia, and Oceania interviewed, HPC provides the robust infrastructure and orchestration needed to integrate quantum systems into real-world environments, ensuring that quantum and classical resources work in harmony. Article content This synergy promises to accelerate adoption, amplify returns for early adopters, and transform quantum computing from a niche capability into a trusted part of the broader scientific and industrial toolbox. Article content 'Our interviewees identified three major challenges – one is getting to the level of reliability where quantum computers can be considered industrial products rather than crafted laboratory devices, another is improving the software layer to provide the sort of developer experience we see in the high-level frameworks used for AI, and a third is helping users identify opportunities to benefit from quantum computer and set up their experiments. Interestingly, the interviewees are expecting multiple quantum technologies to co-exist, with a degree of specialisation between them,' said Alexander Harrowell, Principal Analyst, Advanced Computing at Omdia. Article content Sector Readiness: 57% of survey respondents placed drug-discovery and molecular-modelling workloads as their top quantum priority list, ahead of finance and chemicals. Article content Funding: After a dip in 2023, venture funding surged again in 2024, with 58% of cumulative quantum venture funding still flowing to North American firms, with average deal sizes ($38M) triple those in Europe ($12M). Article content Challenges Ahead: Talent shortages in quantum and growth-stage funding outside the US are the two biggest systemic risks to the industry's continued growth. Article content In addition, the report also calls for three critical priorities to turn these insights into tangible outcomes: Article content Better Abstraction Layers: Bridging the gap between the physics of qubits and the practical problems that matter to businesses. Article content Unified Orchestration and Scheduling: Enabling quantum and classical HPC resources to operate seamlessly together. Article content About IQM Quantum Computers: Article content IQM is a global leader in superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its computers. IQM customers include the leading high-performance computing centres, research labs, universities and enterprises which have full access to IQM's software and hardware. IQM has over 300 employees with headquarters in Finland and a global presence in France, Germany, Italy, Japan, Poland, Spain, Singapore, South Korea and the United States. Article content Article content Article content Article content Article content Contacts Article content Media contact: Article content Article content Email: Article content Article content Article content
National Post
2 hours ago
- National Post
ACEL Power Partners With Vector Náutico to Launch MOLA-e Electric Boat Line in Spain
Article content VANCOUVER, British Columbia & MADRID — ACEL Power, a leader in intelligent electric propulsion systems, is pleased to announce a strategic partnership with Vector Náutico, a respected boat builder based in Madrid. The collaboration introduces MOLA-e powered by ACEL, a new line of eco-conscious electric boats designed for coastal and inland cruising. Article content This partnership marks ACEL Power's official entry into the Spanish market—an important step in its European expansion strategy. As demand for sustainable marine solutions grows across the EU, this alliance underscores both companies' shared commitment to innovation and environmental responsibility. Article content 'We are excited to partner with Vector Náutico, an innovative builder committed to sustainability,' said Natasha Chawla, VP of Sales and Marketing at ACEL Power. 'The MOLA line aligns perfectly with our 50HP and 75HP Intelligent Electric Series, powered by 32 kWh and 43 kWh LFP battery packs. These systems deliver high energy density, extended lifecycle, and enhanced thermal stability—offering zero-emission propulsion without compromising performance.' Article content 'Working with ACEL Power brings our vision for the next generation of electric boats to life,' said Rus Kochman, CEO of Vector Náutico. 'The MOLA-e is elegant, efficient, and built for modern boaters who value reliability and sustainability.' Article content The 5.99-meter MOLA blends the design of a luxury yacht with the accessibility of a day cruiser. Its optimized hull geometry maximizes range and handling, while wide swim platforms offer easy water access—ideal for lake cruising, coastal exploration, and eco-tourism. Article content Available Configurations: Article content Both setups are fully integrated and engineered for quiet, efficient, zero-emission cruising. Article content The first MOLA units will debut in mid-2025, with sea trials and showcase events scheduled throughout Spain. Pricing and customization options will be announced soon. Article content This partnership further accelerates ACEL Power's mission to lead the marine industry's transition to clean, intelligent propulsion—region by region, boat by boat. Article content For more information, visit: About ACEL Power ACEL Power, headquartered in Vancouver, Canada, is a pioneering manufacturer of electric outboard propulsion systems, leading the marine industry in innovation and sustainability. Noted for introducing the world's first mass-produced 50 and 75HP electric motors, ACEL Power is committed to shaping a sustainable future through the creation of a smart electric eco-system. With a forward-looking vision, ACEL aims to offer a comprehensive range from 1HP to 650HP, establishing new benchmarks for marine propulsion in performance, safety, and longevity. Leveraging patented technology and integrated software solutions, ACEL Power is driving change towards a cleaner, more efficient boating experience. Article content About Vector Náutico Article content Article content Article content Article content Article content Contacts Article content Media Inquiries: Article content ACEL Power Inc. Natasha Chawla, VP Sales & Marketing Email: natasha@ Article content
