Latest news with #KaranJain
Fintech News ME
10 hours ago
- Business
- Fintech News ME
UK's NayaOne Launches Saudi's First Fully Hosted Fintech Infrastructure Platform
UK-based fintech infrastructure provider NayaOne has launched Saudi Arabia's first fully Saudi-hosted Vendor Delivery Infrastructure (VDI) platform, supported by regional business expansion specialist AstroLabs. The launch marks NayaOne's official entry into the Saudi market and is designed to support financial institutions, including banks, insurers, and fintechs, in developing, testing, and deploying products within weeks. Backed by the UK's Department for Business and Trade (DBT), the Saudi-hosted platform connects local institutions to both the domestic technology ecosystem and NayaOne's global network. The platform provides access to synthetic data assets and modular testing environments aimed at reducing proof-of-concept cycles from months to days, while maintaining compliance and security standards. NayaOne, which recently partnered with the UK's Financial Conduct Authority (FCA) and Nvidia to provide infrastructure for a new AI sandbox, is now expanding its presence in the Gulf. The company sees this development as a key milestone in strengthening UK-Saudi ties in fintech. 'Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks,' said Karan Jain, NayaOne's Founder and CEO. 'We are grateful to have flagship clients, partners like AstroLabs, support from the KSA ecosystem, and encouragement from the UK Government to grow our impact globally. At NayaOne, we look forward to helping other UK businesses who are interested in operating in KSA.' Several Saudi financial institutions and fintech firms are already using the sandbox to test applications in areas such as embedded finance, SME lending, cybersecurity, remittances, and AI. Additional participants are expected to join, further embedding the VDI platform as part of the country's financial innovation infrastructure. UK Minister for Investment Baroness Gustafsson CBE said: 'The UK is home to some of the best tech businesses in the world, so I'm delighted that NayaOne will help boost financial innovation in KSA, reflecting the strength of UK-Saudi collaboration in digital and financial innovation. Our upcoming modern Industrial Strategy will be international from the start, working and deepening our partnerships with countries like Saudi Arabia to support our economic growth.'
Zawya
12 hours ago
- Business
- Zawya
UK-based NayaOne enters Saudi fintech market
Riyadh – NayaOne, a UK-based vendor delivery infrastructure (VDI) platform, has marked its entry into Saudi Arabia with support from AstroLabs, according to a press release. NayaOne launched the Kingdom's first fully Saudi-hosted platform, allowing banks, insurers, and fintechs to design, test, and introduce products in weeks. This supports the Saudi Vision 2030's goal of creating a digitally advanced and inclusive financial ecosystem. Backed by the UK's Department for Business and Trade (DBT), this launch provides Saudi institutions access to the local tech ecosystem as well as the wider NayaOne ecosystem globally. This expansion marks a milestone in UK-Saudi fintech collaboration, bridging British innovation with Saudi market momentum. Karan Jain, Founder and CEO of NayaOne, commented: 'Hosting our platform inside the Kingdom removes data-sovereignty friction and lets institutions move from idea to execution in weeks.' Baroness Gustafsson, UK Minister for Investment, said: 'The UK is home to some of the best tech businesses in the world, so I'm delighted that NayaOne will help boost financial innovation in KSA, reflecting the strength of UK-Saudi collaboration in digital and financial innovation. Gustafsson added: 'Our upcoming modern Industrial Strategy will be international from the start, working and deepening our partnerships with countries like Saudi Arabia to support our economic growth.' Commenting on NayaOne's expansion, Alex Nicholls, Director of Expansion at AstroLabs, mentioned: 'NayaOne's expansion will accelerate the development of a new subset of products that meet the demands of a fast-moving market and support financial inclusion.' Nicholls noted: 'With its newly launched hub in Riyadh, NayaOne is uniquely positioned to deliver a greater impact by fostering closer partnerships with leading FIs and fintech innovators in Saudi Arabia, making it a powerful catalyst for innovation within the local financial services and banking sector.' Saudi Arabia's fintech market recorded remarkable growth over recent years, supported by government initiatives, regulatory support, and increasing needs for financial services. Hence, fintech is expected to reach a market value of $87 billion in 2029, up from $64 billion in 2024.
Time of India
a day ago
- Automotive
- Time of India
Carrum Mobility expands fleet partnership with Uber Black in Delhi-NCR and Mumbai
Carrum Mobility , a fleet-management company under the CarDekho Group , expanded its collaboration with Uber by deploying more than 250 SUVs across Delhi NCR and Mumbai for the ' Uber Black ' category. The rollout formed part of Carrum 's service arrangement with Uber, focused on managing vehicles and driver operations for the platform's premium segment. Operational support and driver training Carrum stated that it had put daily inspections in place for vehicles and drivers, along with performance monitoring through dedicated teams and technology-based systems. The company had also introduced training and grooming initiatives for driver partners in the segment. These included standard operating procedures, uniforms, and structured sessions, along with a reward and recognition mechanism for drivers following service protocols. Karan Jain, Founder, Carrum, said, 'We are pleased to take our partnership with Uber to another stage, as we strengthen our value offering of fleet management services to Uber for its category 'Uber Black'. The expansion reinforces trust and confidence in our partners.' Aditya Kapoor, Head of Supply and Electrification, Uber India and South Asia, added, 'At Uber, we are dedicated to providing premium riders an exceptional experience through our Uber Black category. Our partnership with Carrum Mobility strengthens our ability to deliver consistent, high quality service with premium comfort.' Carrum and Uber stated that the current expansion was part of a broader goal to improve urban mobility for users opting for high-end ride services.
Time of India
29-04-2025
- Health
- Time of India
Woman flyer falls ill after AC failure on Air India Express flight
1 2 3 Pune: A woman passenger on board an Air India Express flight from Pune to Jaipur fell ill on Tuesday evening owing to a malfunctioning airconditioning system, forcing the aircraft to abandon takeoff and return to the bay. The incident occurred when the flight (IX-2714) was taxiing for takeoff around 7.45pm. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune There were around 150 flyers on board the aircraft around the time. The faulty airconditioning system had left flyers sweating in the cabin. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experience three trade fairs with just one ticket Undo automatica 2025 Undo Laser World of Photonics Undo World of Quantum Undo Visit automatica: June 24-27, Munich Undo Karan Jain, one of the passengers on the flight told TOI that the boarding had started around 7.20pm. "Once we boarded the flight, we found that the aircraft was extremely stuffy, and there was no airconditioning. After around 15-20 minutes, the flight started to taxi towards the runway. Just then, a female passenger started feeling unwell due to the heat and almost fainted. This resulted in the aircraft turning back and parking with one of the aerobridges," he said. Jain said though the woman passenger was taken off the flight and provided immediate medical attention, other flyers were made to sit inside the aircraft for nearly two hours. "After several passengers started complaining, the crew plugged in a ground airconditioning unit and allowed some flyers to stand on the aerobridge. Meanwhile, the engineers tried to fix the airconditioning system," he said. Avi Sharma, another passenger, said, "The female passenger who had suffered a health scare was deboarded from the aircraft while we were sweating inside." Around 10pm, the flyers were deboarded and taken inside the terminal building. "One of our flights from Pune returned to the bay before take-off due to a medical situation on board. The guest was promptly attended to by the airport doctor, found to be stable, and cleared to return home, accompanied by a colleague. Our team provided all necessary assistance to the guest throughout and extended a full refund for their flight. Due to a technical issue, the aircraft could not operate. All guests on the flight have been offered the option to reschedule to a later flight of their choice, or a full refund if they choose to cancel their booking. We sincerely regret the inconvenience caused," a statement released by Air India Express said. Pune: A woman passenger on board an Air India Express flight from Pune to Jaipur fell ill on Tuesday evening owing to a malfunctioning air conditioning system, forcing the aircraft to abandon takeoff and return to the bay. The incident occurred when the flight (IX-2714) was taxiing for takeoff around 7.45pm. There were around 150 flyers on board the aircraft around the time. The faulty air conditioning system had left flyers sweating in the cabin. Karan Jain, one of the passengers on the flight told TOI that the boarding had started around 7.20pm. "Once we boarded the flight, we found that the aircraft was extremely stuffy, and there was no air conditioning. After around 15-20 minutes, the flight started to taxi towards the runway. Just then, a female passenger started feeling unwell due to the heat and almost fainted. This resulted in the aircraft turning back and parking with one of the aerobridges," he said. Jain said though the woman passenger was taken off the flight and provided immediate medical attention, other flyers were made to sit inside the aircraft for nearly two hours. "After several passengers started complaining, the crew plugged in a ground air conditioning unit and allowed some flyers to stand on the aerobridge. Meanwhile, the engineers tried to fix the air conditioning system," he said. Avi Sharma, another passenger, said, "The female passenger who had suffered a health scare was deboarded from the aircraft while we were sweating inside." Around 10pm, the flyers were deboarded and taken inside the terminal building. "One of our flights from Pune returned to the bay before take-off due to a medical situation on board. The guest was promptly attended to by the airport doctor, found to be stable, and cleared to return home, accompanied by a colleague. Our team provided all necessary assistance to the guest throughout and extended a full refund for their flight. Due to a technical issue, the aircraft could not operate. All guests on the flight have been offered the option to reschedule to a later flight of their choice, or a full refund if they choose to cancel their booking. We sincerely regret the inconvenience caused," a statement released by Air India Express said.
Business Standard
28-04-2025
- Business
- Business Standard
HROne Launches One AI Suite - Featuring India's First Employee AI Agent for HR Task Execution
PNN New Delhi [India], April 28: HROne, one of India's fastest-growing HRMS platforms, today announced the launch of the One AI Suite-a next-generation suite of AI-powered capabilities that allows users to complete HR tasks through simple voice or chat prompts, similar to the experience of using ChatGPT or other generative AI tools. From leave applications to reimbursement claims, One AI eliminates the need for forms or step-by-step navigation. This launch marks a major milestone in HROne's product evolution and establishes the company's leadership in a new category: Execution-First AI - Powered HRMS where software doesn't assist, it acts. The Simplest HRMS for the Most Complex Operations--Now Reinvented with AI at the Core At the heart of the One AI Suite is the Employee AI Agent--a GPT-style, voice powered task companion that executes tasks instantly. Employees can now close everyday requests such as applying for leave, regularizing attendance, or raising helpdesk tickets and get them done instantly. Complementing the agent are powerful AI features like the Resume Parser, which auto-fills forms from uploaded resume in seconds; the receipt Parser, which processes and populates reimbursement reports with zero manual effort; and a growing set of features including smart job post generation, profile creation, and more. Each feature eliminates unnecessary steps, reduces manual load, and accelerates outcomes across the employee lifecycle. "With One AI, we're eliminating the barriers that complicate HR. One AI strengthens our vision of making HROne the simplest HR software for even the most complex operations. By putting the power of AI into everyday actions, we're creating a platform that adapts to people--not the other way around.", Karan Jain, Founder, HROne. HROne is Responding to a Changing HR Landscape HR leaders today striving for balance amid rising attrition, leaner teams, and growing expectations from business leadership to deliver measurable outcomes. At the same time, employees are struggling with outdated systems and expect workplace tools to work like the apps they use every day--instant, intuitive, and effortless. One AI is built for this exact moment. It reimagines how people interact with HR-moving from rigid process flows to natural prompts. Employees don't need to "figure it out"- they simply say what they need, and the task gets done. This launch is about driving real outcomes. By removing friction from every interaction, One AI enables faster adoption, increases employee engagement, and significantly reduces the manual burden on HR teams and employees. Most importantly, it represents a new standard: a system that adapts to people--not the other way around. One AI Marks the Shift from Process-Heavy to Prompt-Led Execution While legacy HRMS platforms still rely on users to do the heavy lifting--navigating interfaces and chasing approvals. In contrast, One AI is built to act. It completes tasks instantly, removing the need for forms, menus, or system training altogether. "When we started building HROne, our goal was to make HR effortless. For years, we cleaned up workflows, reduced clicks, and automated what we could. But we kept asking ourselves: why should applying for leave still take 5 steps? Why should HR software still need explaining? With AI Agent, we've answered that question as it listens, understands, and acts. One chat or voice prompt--and the task is done. This is a shift in how HR tech works and how it should have always worked. This is for every HR team ready to move from processes to outcomes.", Magnum Gupta, Director of Product Management, HROne One AI: A Strategic Leap in HROne's Growth Story This launch positions HROne to deepen its leadership in the HR tech marketplace, while also unlocking new conversations with enterprise buyers seeking future-ready tools. As adoption accelerates, One AI is set to become the default way HR happens--faster, simpler, and without any chaos. The product roadmap ahead includes a dedicated HR AI Agent, query bot for policy resolution, and exploratory data analytics, all focused on one thing: making HR execution as convenient as conversation.
