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Case in point: taking stock of the CrowdStrike outages

CIO

Several hospitals canceled surgeries as well, and banks, airports, public transit systems, 911 centers, and multiple government agencies including the Department of Homeland Security also suffered outages. Its worth doing that extra step of diligence because it can save you problems down the road, she says. A total of 8.5

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Zonos banks $69M to develop APIs for democratizing cross-border commerce

TechCrunch

Even if someone chooses not to purchase the item due to the fees being too high, MacLean believes the purchasing experience will be different because the pricing and shipping information was provided up front. Our diligence said Zonos is the only player to take the data that exists out there and make sense of it,” MacLean said.

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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

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‘Knowledge-as-a-service’ platform Lynk announces collaboration with UBS

TechCrunch

The collaboration means the banking giant’s research analysts and institutional clients, including hedge funds, private equity firms and sovereign wealth funds, will have access to Lynk’s database of 840,000 experts around the world. As COVID-19 era drags on, VCs look beyond Zoom calls for due diligence and sourcing.

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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. Private market valuations, at any point in time, are not only a reflection of a team’s hard work and progress, but are also impacted by the financing environment.

Fintech 275
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Bud Financial helps banks and their customers make more informed decisions using AI with DataStax and Google Cloud

CIO

For banks, data-driven decisions based on rich customer insight can drive personalized and engaging experiences and provide opportunities to find efficiencies and reduce costs. For Bud, the highly scalable, highly reliable DataStax Astra DB is the backbone, allowing them to process hundreds of thousands of banking transactions a second.

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South African payments gateway Ozow raises $48M Series B led by Tencent

TechCrunch

According to a 2019 report by Deloitte , about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Digital payments gateways, on the other hand , have a unique use case, particularly when they can help people use their basic bank accounts to make payments. Ozow is one such player.

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