Fintech

Leading the charge in modern Fintech solutions

Published

6 months ago

17 July, 2024

Leading the charge in modern Fintech solutions

CHENNAI, India, July 17, 2024 /PRNewswire/ — In the vibrant fintech ecosystem, Brioworkx stands out as a beacon of innovation. Their expertise spans fintech platforms, e-publishing, app and website development, and digital marketing services. The company’s latest achievement is the successful launch of a highly profitable financial product aggregation website that seamlessly integrates loans, insurance policies, and mutual funds from various providers. This flagship achievement is a testament to Brioworkx’s proficiency in building a cutting-edge product.

As part of his decade-long experience with several Fortune 500 companies, Naresh Rajaram has worked with several emerging technologies, some established and some developing, such as ML and AI, to streamline work across various functions. Despite the widespread use of AI and MLMost companies were still struggling to implement and develop this cutting-edge technology.

To make a difference in this burgeoning AI and ML ecosystem, Naresh started Brioworkx in 2016. He started it with a mission that AI would be at the forefront of the future and several other services to fill the current skill gaps in various fields such as web development, data scienceAND e-publishing servicesIn these 6 years, after completing several projects in multiple fields, such as financial technologyTHE educational sectore-publishing and gambleBrioworkx stands out in the IT ecosystem as a leader that builds smarter businesses at scale.

Brioworkx, an innovative IT company based in Chennai, has carved a niche for itself in the competitive landscape of financial technology. The company’s latest achievement is the successful launch of FincoverThis leading fintech aggregation website specializes in seamlessly integrating loans, insurance policies, and mutual funds from multiple providers.

Leveraging cutting-edge technologies

Their fintech product aggregator, Fincover, is a testament to their prowess in modern web development. The front end of the product is built using React, JavaScript, and CSS, ensuring a dynamic, responsive, and intuitive interface. React’s component-based architecture allows for flawless development, while CSS and HTML-5 ensure the best interface and smooth navigation.

On the backend, Brioworkx has employed Golang, PostgreSQL, and GraphQL. Golang, known for its large-scale performance and robustness, ensures that the website can handle high traffic with minimal latency. PostgreSQL provides a scalable and robust database solution, while GraphQL’s flexible API design allows for seamless data interaction. Built using these powerful combinations, the platform tends to scale as the user base grows.

Diversified service offerings

In addition to its flagship aggregation platform, Brioworkx has expanded its horizons with a series of different service offerings in different fields, such as gaming, Payment systemsAND digital marketing systems, for multiple companies.

Electronic publishing services: Sensing the growing demand for digital content, Brioworkx provides complete e-publishing solutions, helping authors and publishers bring their work into the digital space.
Web and App Development Services: Leveraging its expertise in modern web technologies, Brioworkx offers custom web and mobile application development services, integrating artificial intelligence and machine learning technologies to develop cutting-edge and technologically superior products.
Digital Marketing Services: In an era where digital presence is crucial, Brioworkx digital marketing services help businesses improve their online visibility and effectively reach their target audience. Brioworkx provides a range of digital marketing services, such as content marketing, email marketing, SEO, and PPC.

Insights from Leadership

Naresh Rajaram, founder of Brioworkx, comments that the company’s success is deeply rooted in staying ahead of technology trends. “The rapid evolution of web technologies has been both a challenge and an opportunity for us.” He adds, “By adopting React for our front end and Golang for our back end, we ensure that our platforms are up to date and future-proof. The use of GraphQL, in particular, has been a revelation, allowing us to build flexible APIs, significantly improving the user experience.”

The CTO adds: “Our commitment to innovation extends beyond our technology stack. We are constantly integrating artificial intelligence and machine learning into our offerings to provide even more value to our customers.”

Financial Forecast for Fiscal Year 24-25

Looking ahead, Brioworkx is optimistic about its revenues and reputation in the already crowded market. With its cutting-edge fintech platform, Fincover, gaining traction in the fintech ecosystem and its diversified portfolio of services, the company expects a significant increase in revenues for fiscal 2024.–2025. They are currently developing a native Android application for their Fincover product, which is nearing completion and will hit the market around August 15. The app promises to be a game changer in the fintech ecosystem when it comes to user experience for customers and point of sale staff.

Naresh says, “We are projecting 30% revenue growth, which is driven by the ever-growing user base of our aggregation platform and also a few other projects in the pipeline,” says the CFO. “Our strategic investments in technology and talent have paid rich dividends, establishing us as a force to be reckoned with for years to come,” he concludes.

With a keen eye on future trends and a commitment to excellence, Brioworkx is set to continue its upward growth trajectory and make a significant impression in the fintech space and beyond. For more information — https://www.brioworkx.com/

About Brioworkx

Brioworkx is a Chennai based software solutions company that provides cutting edge solutions for all types of businesses. We are a team of technology innovators who transform ideas into reality through world class technologies. We leverage the power of technology to provide cutting edge solutions that will propel your organization to new heights.

Founded in 2016, Brioworkx was born out of a passion to harness the power of software and AI to solve complex problems. Our journey began with a small team of technocrats who shared a common goal: to transform ideas into intelligent, actionable solutions. Over the years, we have evolved into a dynamic organization of highly skilled professionals, each driven by a commitment to innovation and a desire to make an impact in the burgeoning IT industry.

Facebook: https://www.facebook.com/BrioWorkx/
LinkedIn: https://www.linkedin.com/in/brioworkx/
Italian: https://www.instagram.com/brioworkx/
On Twitter: https://x.com/BrioWorkx

Logo: https://mma.prnewswire.com/media/2462299/Brioworkx_Logo.jpg

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Fintech

Lloyds and Nationwide invest in Scottish fintech AI Aveni

Published

6 months ago

29 July, 2024

FinCrypto Staff

Lloyds and Nationwide invest in Scottish AI fintech Aveni

Lloyds Banking Group and Nationwide have joined an £11m Series A funding round in Scottish artificial intelligence fintech Aveni.

The investment is led by Puma Private Equity with additional participation from Par Equity.

Aveni creates AI products specifically designed to streamline workflows in the financial services industry by analyzing documents and meetings across a range of operational functions, with a focus on financial advisory services and consumer compliance.

The cash injection will help fund the development of a new product, FinLLM, a large-scale language model created specifically for the financial sector in partnership with Lloyds and Nationwide.

Joseph Twigg, CEO of Aveni, explains: “The financial services industry doesn’t need AI models that can quote Shakespeare, it needs AI models that offer transparency, trust and, most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, vetted by financial services experts for specific financial services use cases.

“FinLLM’s goal is to set a new standard for the controlled, responsible and ethical adoption of generative AI, outperforming all other generic models in our selected financial services use cases.”

Robin Scher, head of fintech investment at Lloyds Banking Group, says the development programme offers a “massive opportunity” for the financial services industry by streamlining operations and improving customer experience.

“We look forward to supporting Aveni’s growth as we invest in their vision of developing FinLLM together with partners. Our collaboration aims to establish Aveni as a forerunner in AI adoption in the industry, while maintaining a focus on responsible use and customer centricity,” he said.

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Fintech

Fairexpay: Risk consultancy White Matter Advisory acquires 90% stake in fintech Fairexpay

Published

6 months ago

29 July, 2024

FinCrypto Staff

Treasury Risk Consulting Firm White Matter Alert On Monday he announced the acquisition of a 90% stake in the fintech startup Fair payment for an undisclosed amount. The acquisition will help White Matter Advisory expand its portfolio in the area of cross-border remittance and fundraising services, a statement said. White Matter Advisory, which operates under the name SaveDesk (White Matter Advisory India Pvt Ltd), is engaged in the treasury risk advisory business. It oversees funds under management (FUM) totaling $8 billion, offering advisory services to a wide range of clients.

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White Matter Advisory, based in Bangalore, helps companies navigate the complexities of treasury and risk management.

Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalised Remittance Scheme (LRS) Regulatory Sandbox, boasts features such as best-in-class exchange rates, 24-hour processing times and full security compliance.

“With this acquisition, White Matter Advisory will leverage Fairexpay’s advanced technology platform and regulatory approvals to enhance its services to its clients,” the release reads.

The integration of Fairexpay’s capabilities should provide White Matter Advisory with a competitive advantage in the cross-border remittance and fundraising market, he added.

The release also states that by integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

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Fintech

Rakuten Delays FinTech Business Reorganization to 2025

Published

6 months ago

29 July, 2024

FinCrypto Staff

Rakuten (Japan:4755) has released an update.

Rakuten Group, Inc. and Rakuten Bank, Ltd. announced a delay in the reorganization of Rakuten’s FinTech Business, moving the target date from October 2024 to January 2025. The delay is to allow for a more comprehensive review, taking into account regulatory, shareholder interests and the group’s optimal structure for growth. There are no anticipated changes to Rakuten Bank’s reorganization objectives, structure or listing status outside of the revised timeline.

For more insights on JP:4755 stock, check out TipRanks Stock Analysis Page.

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Fintech

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

Published

6 months ago

29 July, 2024

FinCrypto Staff

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

You are reading Entrepreneur India, an international franchise of Entrepreneur Media.

White Matter Advisory, which operates under the name SaveDesk in India, has announced that it is acquiring a 90% stake in fintech startup Fairexpay for an undisclosed amount.

This strategic move aims to strengthen White Matter Advisory’s portfolio in cross-border remittance and fundraising services.

By integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

White Matter Advisory, known for its treasury risk advisory services, manages funds under management (FUM) totaling USD 8 billion.

Founded by Bhaskar Saravana, Saurabh Jain, Kranthi Reddy and Piuesh Daga, White Matter Advisory helps companies effectively manage the complexities of treasury and risk management.

The SaveDesk platform offering includes a SaaS-based FX market data platform with real-time feeds for over 100 currencies, bank cost optimization services, customized treasury risk management solutions, and compliance guidance for the Foreign Exchange Management Act (FEMA) and other trade regulations.

Fairexpay is a global aggregation platform offering competitive currency exchange rates from numerous exchange partners worldwide. Catering to both private and corporate customers, Fairexpay provides seamless money transfer solutions for education, travel and immigration, as well as simplifying cross-border payments via API and white-label solutions for businesses. Key features include competitive currency exchange rates, 24-hour processing times, extensive currency coverage of over 30 currencies in more than 200 countries, and secure, RBI-compliant transactions.

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