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Nigerian fintech of the unbanked Bankly raises $2M led by Vault and Flutterwave

TechCrunch

In the absence of a banking system nearby or a disregard for one, the unbanked resort to these traditional systems because they work completely offline. The third is the lack of customer data since most don’t have an online banking presence. Slowly , an online banking presence is built for them. Image Credits: Bankly.

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Indian banks attract VC and startup interest

TechCrunch

Several Indian startups, along with venture capital funds and private equity investors, are scrambling to build investment strategies as they race to tap into a rare available opportunity in the nation: banks.

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Silicon Valley Bank shoots self in foot

TechCrunch

It may go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it had to be rescued by another bank or else risk going down in flames in a single day. Not because the bank is falling apart at the seams.

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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

Kuda , the challenger bank based in Nigeria and the U.K., Kuda, the African challenger bank, raises $55M at a $500M valuation. has joined the ranks of tech companies in Africa that are pruning their workforce.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics.

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Hyperplane wants to bring AI to banks

TechCrunch

Hyperplane, a San Francisco-based startup that is building foundation models to help banks predict customer behavior, is coming out of stealth today by announcing a $6 million funding round led by former Stripe exec Lachy Groom, who was joined by SV Angel, Clocktower Technology Ventures, Liquid2 Ventures, Soma Capital, Latitud, Atman Capital, Crestone (..)

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This new banking app wants to help with the financial woes of retirement

TechCrunch

Different demographics often have different banking needs. So it’s no surprise that we have seen a flurry of financial technology startups offering banking services catered to certain populations based on factors such as age and ethnicity. Like many fintechs, Charlie is not a bank — its banking partner is Sutton Bank.

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Data Science Fails: Building AI You Can Trust

AI has the power to transform countless industries — including the healthcare, banking, insurance, and public service sectors, to name just a few — by introducing new efficiencies and revealing new opportunities for companies to solve problems.

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How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics.

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Build or Buy an LMS? How to Pick the Right Solution for Your Budget

So, what are your options to get the best possible eLearning solution without breaking the bank? When it comes to picking your next LMS that six-letter word is probably the most important part of the decision-making process. Build it or buy it.

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From an Agency Serving Clients to Their Own Fintech Product

Simply hiring a skilled and qualified professional in development was not enough - they needed a person who had experience in programming within the banking domain. The project they needed to complete was aimed at operating within the financial environment, thus it was tremendous, scrupulous, and time-consuming.

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Your Team's Pragmatic Guide to Security

Speaker: Naresh Soni, CTO, Tsunami XR

By understanding the latest threats and their solutions, you can come out of this crisis stronger than ever--without breaking the bank. As technology leaders, it's time to rethink some of your product security strategy. We are excited to be joined by a CTO who is an expert in pragmatic choices around security.