Author: TFT

UK Cracks Down on BNPL with New Rules For years, Buy Now Pay Later firms operated in a regulatory gray zone. Now, the UK government is stepping in to put an end to it. In a move that has sent ripples across the fintech sector, the UK Treasury has unveiled sweeping reforms to regulate the booming Buy Now Pay Later (BNPL) industry. The newly proposed rules, announced in June 2024, are aimed at protecting consumers from hidden fees, aggressive marketing, and unchecked debt accumulation. The decision comes after months of mounting pressure from consumer rights groups, regulators, and even Members…

Acrisure Hits $32 Billion Valuation After Massive $2.1B Raise When a company rooted in traditional insurance becomes the third most valuable private fintech in the world, something significant is happening. That’s exactly the case with Acrisure, which has just secured $2.1 billion in fresh funding, propelling its valuation to an eye-popping $32 billion. The funding round, led by a mix of existing investors and new institutional players, positions Acrisure as a clear frontrunner in the global InsurTech race. Founded in 2005 as a modest insurance brokerage firm in Michigan, Acrisure has transformed itself into a digital powerhouse. The company combines…

Apax acquires Finastra’s Treasury Division for $2B In a bold play to reshape the future of financial infrastructure, private equity giant Apax has acquired Finastra’s Treasury & Capital Markets (TCM) division in a landmark $2 billion transaction. The deal, announced in early June 2024, marks one of the biggest carve-outs in recent fintech history. Apax Partners, already a known investor in the software and services space, is betting big on the digital evolution of global capital markets. By taking over Finastra’s TCM arm, which serves over 1,000 banks and financial institutions worldwide, Apax is positioning itself as a major force…

HealthTech startup MediBuddy to raise $130M India’s leading digital health platform, MediBuddy, is preparing to raise $130 million in a pre-IPO funding round ahead of its planned public listing. The move signals a bold push to cement its position as one of the most influential players in India’s healthtech landscape. With rising competition from new-age health startups and deep-pocketed players in the telemedicine space, MediBuddy is scaling aggressively, both to capture more market share and to prove long-term sustainability to potential public market investors. According to insiders familiar with the deal, MediBuddy is in advanced talks with multiple global investors,…

AIIMS‑Patna Partnership with Indian Government At a quiet press briefing in Patna, a major shift in Indian healthcare was announced: AIIMS-Patna is officially rolling out AI-powered medical devices in partnership with the central government. This initiative, launched under India’s National Health Mission framework, is part of a growing push to bring artificial intelligence into public hospitals across underserved regions. The goal is to use AI to speed up diagnostics, reduce the burden on overworked doctors, and bring a new level of precision to patient care. AIIMS-Patna will serve as a pilot site for this initiative, testing devices that include AI-powered…

HealthKois Launches $300M Fund for HealthTech Startups In one of the most aggressive moves in recent digital health funding, venture capital firm HealthKois has launched a $300 million fund dedicated entirely to backing early-stage healthtech startups. The announcement, made at a closed-door summit in San Francisco, caught the attention of investors, founders, and healthcare executives alike. The fund is designed to fuel innovation at the intersection of artificial intelligence, biotechnology, and digital health services. HealthKois, known for its investments in next-gen diagnostics and AI-powered clinical tools, is now aiming to become a leading capital provider for startups reshaping the patient…

Robotic Surgeons in the NHS In early 2024, a hospital in Birmingham performed over 200 prostate surgeries using a robot, without a single major complication. The procedures, carried out at Queen Elizabeth Hospital using the da Vinci robotic surgical system, marked a turning point in how the UK’s National Health Service (NHS) is embracing technology to solve one of its biggest challenges: surgical backlogs. With post-COVID waiting lists at record highs and a strained workforce, the NHS has begun turning to robotic-assisted surgery not just for precision and safety, but for scale. The aim is clear: reduce surgery waiting times…

Demis Hassabis: The Role of AI in Curing All Diseases in 10 Years We are living in the era of artificial intelligence. From education and finance to food and retail, nearly Every industry is upgrading with AI. A lot of tasks that once required lawyers, accountants, or consultants are now easily answered by AI prompts on Open AI, Grok or Perplexity AI. But what about AI in Healthcare? What about its uses and benefits in detection of diseases and curing them? What about cancer, rare genetic disorders, or Alzheimer’s? It is a very interesting take on AI’s potential in the…

Saudi Arabia Launches $100 Billion National AI Company ‘Humain Backed by the country’s powerful Public Investment Fund (PIF), the move stunned the global tech community. Not because the kingdom announced another mega-project, but because of what it represents: Saudi Arabia is not just importing technology anymore. It is now actively positioning itself as a builder and exporter of advanced artificial intelligence. The launch of Humain marks a pivotal shift in Saudi Arabia’s digital transformation strategy. It isn’t just about catching up, it is about leading. The oil-rich nation, once dependent on foreign expertise, is now aiming to become a serious…

From Copilot to CEO: Will AI Ever Make Executive Decisions? NetDragon Websoft, a Chinese tech firm with over $2 billion in annual revenue, made headlines when it gave the top executive role to an AI named “Ms. Tang Yu.” According to the company, the AI was responsible for operational decision-making, performance evaluation, and even managing human resource workflows. The announcement sparked equal parts fascination and fear. Could this be a glimpse of the future? Could AI not only assist executives but replace them entirely? As generative AI systems like OpenAI’s GPT-4, Anthropic’s Claude, and Google’s Gemini evolve from copilots to…