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Time of India
29-04-2025
- Business
- Time of India
Wadhwani Foundation announces Rs 1,400-crore MoUs with ANRF, IITs, AICTE to promote R&D
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Wadhwani Foundation on Tuesday announced Rs 1,400-crore MoUs with various entities, including the Anusandhan National Research Foundation (ANRF), to promote research and innovation in the country. The Wadhwani Foundation will contribute over Rs 700 crore with matching funds from ANRF , IIT Kanpur and IIT Bombay to set up two superhubs AICTE , and 10 Wadhwani Innovation Network (WIN) centres of memoranda of understanding (MoUs) were signed at an event here, YUGM, which was attended by Prime Minister Narendra Minister Jitendra Singh, who attended the event, posted on X, "First-of-its-kind co-funding collaboration between a government-backed apex research body and a philanthropic private foundation, accomplished through a landmark pact between 'Anusandhan National Research Foundation (#ANRF)' and 'Wadhwani Foundation'. A turning point in the research/innovation funding culture of this country, which could not have been possible without the personal indulgence of PM Sh @narendramodi"."We are looking at emerging technologies such as AI (artificial intelligence), advanced AI, synthetic biology, quantum computing, space tech, mining... and our goal is to convert these research into products like startups and job creations," Wadhwani Foundation President and Global CEO Ajay Kela told Foundation Founder Romesh Wadhwani, in a virtual address, said, "We launched our most recent initiative, the Wadhwani Innovation Network, one year ago at eight leading research institutes and the partnership agreements we have just signed today expand it dramatically.""All our initiatives leverage our Genie AI platform, the large library of content and the large national network of experts and mentors that we have built," he added.
Business Wire
23-04-2025
- Business
- Business Wire
Vector Capital Completes Acquisition of Bigtincan Holdings
SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital Management, L.P. ('Vector'), a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful completion of its acquisition of Bigtincan Holdings Limited ('Bigtincan' or the 'Company'), the pioneer in AI-driven revenue enablement technology, for A$0.22 per share in cash at an approximate transaction value of A$183 million. As a result of the consummation of the acquisition, Bigtincan's shares of common stock will no longer be listed on the Australian Securities Exchange Ltd ('ASX') and the Company will operate as a privately held entity. Rob Amen, Managing Director at Vector Capital, said, 'Bigtincan has developed a truly unique platform that enables businesses and their customer-facing teams to supercharge sales and communications though AI and other innovative tools. We are confident the business is poised to benefit from multiple tailwinds, including the acceleration of AI adoption, demand for automated and personalized customer experiences, and the rise of vertical-specific SaaS solutions. We look forward to supporting Bigtincan's leadership team as they continue to execute their strategy and drive long-term growth.' David Keane, CEO and co-founder of Bigtincan, added, 'Completing this transaction marks a significant milestone for Bigtincan and I could not be more excited about the future of our company. Vector Capital has a proven track record of helping software and technology businesses achieve greater scale and identify creative ways to enhance go-to-market strategies. Bigtincan is well-positioned as the partner of choice for leading corporations and we are eager to accelerate the development of our GenieAI solution suite, including AuthoringAI and RolePlayAI. The future of smart, AI-powered enablement is here, and we're ready to lead the way." Vector Capital was advised by Johnson Winter Slattery and Sidley Austin LLP as legal counsel, Alvarez & Marsal as financial advisor, and Deloitte LLP as tax advisor. Bigtincan was advised by Gilbert + Tobin as legal counsel. About Vector Capital Management Vector Capital is a leading, San Francisco-based investment firm focused on transformational investments in middle-market technology and technology-enabled businesses. Founded in 1997, Vector manages over $4 billion of capital across its credit and private equity strategies on behalf of a high-quality group of global limited partners. For nearly 28 years, we have invested in technology businesses concurrent with implementing an operational transformation to deliver breakthrough operational and financial results. For more information, please visit About Bigtincan Bigtincan provides revenue enablement solutions with integrated AI to help forward-thinking enterprises facilitate the buying experience of the future. Everything we offer is designed to be smart, flexible, and easily adapted to unique business processes with highly personalized experiences that people and brands love. From AI to XR and whatever comes next, Bigtincan is committed to not only staying ahead of trends in revenue enablement technology, but creating them as we redefine the future of work for buyers and sellers. Innovative companies like Nike, AT&T, Prudential, Merck, Winnebago, and Clorox trust Bigtincan to enable customer-facing teams to intelligently prepare, engage, measure, and continually improve the buying experience for their customers. For more information about Bigtincan (ASX: BTH), visit: or follow @bigtincan on LinkedIn and X.
Yahoo
28-01-2025
- Business
- Yahoo
Trends Shaping the $12+ Billion Generative AI in Fintech Market, 2030 - Generative AI Expanding Market Opportunities by Automating Loan and Credit Approval Processes
Includes Detailed Profiles of Major Players: Genie AI, Google LLC, IBM Corporation, Microsoft Corporation, Mostly AI, OpenAI, Salesforce, Synthesis AI, and Veesual Generative Artificial Intelligence in Fintech Market Dublin, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The "Generative Artificial Intelligence in Fintech - Global Strategic Business Report" report has been added to global market for Generative Artificial Intelligence in Fintech was valued at US$2 Billion in 2024 and is projected to reach US$12.1 Billion by 2030, growing at a CAGR of 35.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the generative artificial intelligence in fintech market is driven by a confluence of technological innovation, market demands, and shifting consumer behaviors. One of the primary drivers is the increasing need for personalized financial solutions, with consumers expecting services tailored to their specific needs and circumstances. Generative AI's ability to analyze behavioral and transactional data is enabling fintech firms to meet these expectations with precision. Additionally, the growing sophistication of cyber threats has made AI-driven fraud detection and prevention tools indispensable, as they can simulate attack scenarios and provide proactive risk mitigation. Regulatory compliance requirements are also spurring AI adoption, with generative AI streamlining complex processes like Anti-Money Laundering (AML) and Know Your Customer (KYC) checks. The rise of digital-first banking, mobile financial platforms, and decentralized finance (DeFi) is further accelerating demand for secure, scalable, and intelligent AI-powered systems. Consumer trends such as the preference for real-time transactions and self-service platforms are compelling fintech companies to innovate continuously. Collectively, these drivers highlight the transformative role of generative AI in fintech, positioning the market for robust growth and a redefinition of financial services in the coming of the StudyThe report analyzes the Generative Artificial Intelligence in Fintech market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined (Fintech Software, Fintech Services); Deployment (On-Premise Deployment, Cloud-based Deployment); Application (Compliance & Fraud Detection Application, Predictive Analysis Application, Asset Management Application, Insurance Application, Personal Assistants Application, Business Analytics & Reporting Application, Other Applications); End-Use (Investment Banking End-Use, Retail Banking End-Use, Stock Trading Firms End-Use, Hedge Funds End-Use, Other End-Uses).Geographic Regions/CountriesWorld; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of Insights: Market Growth: Understand the significant growth trajectory of the Generative AI in Fintech Software segment, which is expected to reach US$7.5 Billion by 2030 with a CAGR of a 34.6%. The Generative AI in Fintech Services segment is also set to grow at 37.0% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $515.6 Million in 2024, and China, forecasted to grow at an impressive 33.7% CAGR to reach $1.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players such as Genie AI, Google LLC, IBM Corporation, Microsoft Corporation, Mostly AI and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Questions Answered: How is the Global Generative Artificial Intelligence in Fintech Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Some of the 25 companies featured in this Generative Artificial Intelligence in Fintech market report include: Genie AI Google LLC IBM Corporation Microsoft Corporation Mostly AI OpenAI Salesforce, Inc. Synthesis AI Veesual Key Attributes Report Attribute Details No. of Pages 197 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $2 Billion Forecasted Market Value (USD) by 2030 $12.1 Billion Compound Annual Growth Rate 35.5% Regions Covered Global Key Topics CoveredI. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Influencer Market Insights World Market Trajectories Economic Frontiers: Trends, Trials & Transformations Generative Artificial Intelligence in Fintech - Global Key Competitors Percentage Market Share in 2024 Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS Rising Demand for Personalized Fintech Solutions Drives Adoption of Generative AI Advancements in AI-Driven Fraud Detection Propel Growth in Fintech Applications Generative AI`s Role in Automating Loan and Credit Approval Processes Expands Market Opportunities Increased Focus on AI-Powered Customer Support Enhances Adoption Across Fintech Platforms Integration of Generative AI in Digital Wallets and Payment Solutions Spurs Growth Demand for Predictive Analytics in Fintech Strengthens Business Case for AI Implementation Regulatory Scrutiny of AI-Generated Financial Insights Shapes Market Dynamics Hyper-Personalized Financial Planning and Advisory Services Drive Market Expansion AI-Driven Financial Content Generation Creates Opportunities in Marketing and Communication Growing Need for Real-Time Transaction Monitoring Sustains Generative AI Deployment Generative AI in Credit Scoring Systems Enhances Accessibility for Underserved Markets Emerging Focus on Decentralized Finance (DeFi) Drives Adoption of Generative AI AI-Powered Chatbots in Fintech Applications Streamline Customer Interaction Increased Use of Generative AI for Risk Assessment Strengthens Fintech Growth Potential 4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS IV. COMPETITION For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Generative Artificial Intelligence in Fintech Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
