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Zawya
an hour ago
- Zawya
HiRemoters delivers up to 80% savings in cost through AI-powered remote hiring platform
Cairo, Egypt – HiRemoters, the AI-powered tech remote hiring platform engineered by Sprints, announced major growth milestones delivering cost savings of up to 60% in the GCC, 75% in Western Europe, and 80% in the United States for global clients seeking remote tech talent. HiRemoters is built by Sprints, one of the region's leading ed-tech companies. The platform leverages six years of Sprints' talent development expertise and a curated network of over 150,000 vetted top-tier tech professionals. Using AI-powered matchmaking, HiRemoters connects businesses with remote-ready talent, whether for individual roles or full-scale team builds. 'HiRemoters was launched after growing demand from global companies to access our top-tier, affordable tech talent,' said Bassam Sharkawy, Chief Strategy Officer and Co-founder of Sprints. 'One U.S. client built an LLM using AI developers from HiRemoters - that's the kind of caliber projects we are able to deliver.' Unlike traditional outsourcing models with hidden fees, HiRemoters provides full transparency and direct client-talent engagement. The platform offers complete customization for role definitions, compensation, onboarding, and timezone alignment while automating complex workflows including compliant contracts, 48-hour onboarding, and multi-currency payroll. HiRemoters also provides Employer of Record (EoR) services, enabling businesses to hire globally without establishing local entities. The platform handles legal, payroll, tax, and benefits administration while giving clients complete control over the employee lifecycle. "Our goal is not only to help businesses scale but to enhance the remote work experience for everyone," said Ayman Bazaraa, CEO and Co-founder of Sprints. "We're investing in advanced collaboration platforms and next-generation AI recruitment tools." The company continues expanding its technology infrastructure and global talent network while maintaining its commitment to continuous upskilling through the Sprints platform. About HiRemoters is a global remote hiring platform that enables companies to hire, onboard, manage, and pay top tech talent worldwide, without the need to establish local entities or navigate complex local regulations. Powered by AI, it delivers seamless payroll, compliance, and Employer of Record services, efficiently connecting businesses with pre-vetted professionals. Developed by Sprints, and backed by Disruptech Ventures, EdVentures, and Falak.
Arabian Business
an hour ago
- Arabian Business
AI in fintech market set to surpass $79bn by 2030 as adoption surges
Artificial intelligence (AI) has rapidly reshaped the fintech landscape in recent years, driving innovations across credit scoring, personalised banking, algorithmic trading, and fraud detection. As financial institutions race to automate and optimise operations, AI adoption continues to grow, fueling strong market forecasts for the coming years. According to data presented by the AI in fintech market is projected to more than double in value and surpass $79 billion by 2030. Fintech companies are increasingly turning to AI solutions to enhance speed, security, and personalisation in a competitive market. Artificial intelligence is helping to make processes faster and more cost-effective by spotting fraud, improving lending decisions, and offering more tailored banking services. With customer expectations rising and cyber threats evolving, AI has shifted from being a helpful tool to a necessity in fintech. The Statista and Research and Markets data show that just two years ago, the AI in fintech market was valued at $22.5 billion. Since then, it has grown by nearly 45 per cent and is projected to reach $32.2 billion in 2025. With tech companies increasingly adopting AI to improve workflows and services, the market is expected to grow by another $6 billion in 2026 and $8 billion in 2027, reaching more than $46 billion by 2027. Research and Markets further projects that global fintech market value will continue growing by an average of $10 billion per year, ultimately surpassing $79 billion by 2030. This marks a staggering 145 per cent increase in just five years, a growth rate 50 per cent higher than the projected five-year growth of the autonomous and sensor technology market and 40 per cent more than the expected growth of the computer vision segment during the same period. Beyond transforming internal operations, AI is also driving the overall growth of the fintech industry. According to a Statista Market Insights survey, the fintech industry is on track to reach more than $120 billion in value this year, a 16 per cent increase from last year and a 200 per cent jump since 2022. With AI automating tasks, enhancing security, and enabling smarter, faster, and more personalised financial solutions at scale, the market revenue is expected to grow by another 17 per cent, reaching over $141 billion by 2028.
Tahawul Tech
2 hours ago
- Tahawul Tech
Honeywell and LG CNS focus on automation and intelligence
LG CNS, a digital transformation and innovation business based in South Korea, has recently established a foothold in the US through a deal to jointly develop AI-related smart manufacturing technologies with automation company Honeywell. LG CNS is becoming an official Honeywell AI and IT service partner to focus on so-called AX technologies covering factory automation and intelligence. The company stated it is the first South Korean business to tie-up with the US giant. The collaboration is set to pair LG CNS' expertise in AX consulting and service creation with Honeywell's knowledge of producing sensors and control equipment. The companies intend to develop a multi-sector manufacturing execution system (MES) to manage facilities, processes and personnel in real time. There are also plans to explore fresh fields in production and logistics based on a programme LG CNS is engaged in with customers in its domestic market. It mentioned an agentic AI set-up which is used to assess factory plans for risks. LG CNS and Honeywell intend to sell their AX technology globally using the US company's base of more than 100 large customers. But LG CNS president and CEO Hyun Shin-kyun emphasised the initial focus is on breaking the US market, saying the collaboration 'is the first step for both companies to think together and seek technological solutions' for manufacturers in the country. Source: Mobile World Live Image Credit: Stock Image
