TechCrunch

MARCH 9, 2023

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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TechCrunch

FEBRUARY 14, 2023

Banks aren’t letting fintechs have all the fun when it comes to using technology, providing an opening for startups to show them what they got. In the same vein as companies like Flourish Fi , Treasury Prime , Savana and Amount offering software for banks, ModernFi is providing a marketplace for banks to exchange deposits on demand.

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Banking Fintech Insurance Marketing 248

TechCrunch

MAY 9, 2023

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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Banking Fintech Social Insurance 329

TechCrunch

MARCH 11, 2023

The sudden collapse of Silicon Valley Bank , which served as lifeblood for startups , is also impacting firms 8,000 miles away. Regulators stepped in Friday to shut down Silicon Valley Bank, the 16th largest in the U.S. and the bank for most startups. venture firms such as Y Combinator. Some SaaS firms are registered in the U.S.

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TechCrunch

NOVEMBER 16, 2023

India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industry executives said.

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Banking Industry Marketing Company 251

TechCrunch

JANUARY 19, 2023

That’s because they’re on the hook for interchange fees, or transaction fees a merchant’s bank must pay whenever a customer uses a card to make a purchase. to enable customers to make online payments using their bank accounts. Customers sign up with their bank account information and pay within the flow. .”

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Banking Fintech Report Recruiting 250

TechCrunch

NOVEMBER 2, 2022

Digital bank Chime confirmed today that it is laying off 12% of its workforce, or about 160 people. According to an internal memo obtained by TechCrunch, Chime co-founder Chris Britt described that the move was one of many that would help the company thrive “regardless of market conditions.” billion two years ago.

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Banking Trends Marketing Report 277

TechCrunch

MARCH 13, 2023

Shares of First Republic Bank fell sharply in early trading this morning, which caused trades of the company to be paused due to volatility, implying investor discomfort with the financial institution despite government activity over the weekend to sort the Silicon Valley Bank crisis and potential cascading effects. techcrunch.com.

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Banking Technical Review Government Small Business 246

TechCrunch

JUNE 6, 2022

Ivella , a Santa Monica-based startup, wants to build banking products for couples to take away some of these tensions. “The place that a lot of people fall short, just like a lot of fintech falls short, is that they don’t break the mold of what banking looks and feels like,” Lalji said.

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TechCrunch

MAY 2, 2023

When First Republic Bank was in its final moments, Silicon Valley didn’t convulse with shock or lather itself into a social media tizzy. Instead of panic, which rippled throughout the startup community in March when Silicon Valley Bank signaled trouble , there was widespread malaise. Ricciardi asked.

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Banking Small Business Media Social 235

TechCrunch

MARCH 1, 2022

A 2019 World Bank report says 85% of Africans live on less than $5.50 The company, which enables underbanked customers in select African markets to access a broad range of products and services without collateral or a guarantor, announced today that it has raised $75 million.

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TechCrunch

MARCH 17, 2023

Silicon Valley Bank is a good reminder that startups, often entrenched in the world of risk and scrappiness, sometimes forget to think about the obvious: single points of failure. But just like it makes sense to rely on a community-friendly bank, so does entrusting a single person to lead your business to success. Can that be changed?

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Banking Study Marketing Company 242

TechCrunch

MARCH 10, 2023

Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S.

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Banking B2B Report Hardware 246

TechCrunch

MAY 12, 2023

Michael Beckley Contributor Share on Twitter Michael Beckley is a co-founder and CTO of Appian , where he drives the technical vision for the company, leads product and solutions marketing teams, and oversees customer initiatives. Or, the UK’s Financial Conduct Authority fining GT Bank £7.8m for AML failures.

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CIO

NOVEMBER 26, 2024

McKinsey estimates that AI—and generative AI in particular— could contribute up to $340 billion annually to the global banking sector, accounting for approximately 4.7% Additionally, traditional processes are typically confined to predefined scenarios, limiting their ability to adapt to unexpected market conditions and changes.

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Banking Generative AI Compliance Agile 166

TechCrunch

MAY 17, 2023

Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 The fintech plans to use the funding to double down on its operations in Kenya, and the Philippines, before exploring new markets in West Africa, Latin America, and Asia.

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Small Business Blockchain Fintech Marketing 265

TechCrunch

MAY 24, 2021

In addition to having a little over a hundred businesses like Carbon, Aella Credit, Credpal, Renmoney, Autochek, and Inflow Finance access customers bank account for bank statements, identity data, and balances , Mono has also connected over 100,000 financial accounts for its partners and analysed over 66 million financial transactions so far.

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Internet Fintech Banking Marketing 364

TechCrunch

APRIL 18, 2022

It’s been only six months since Union54, whose API allows African software companies to issue and manage their debit cards without needing a bank or third-party processor, announced its seed round of $3 million, also led by Tiger Global. According to Wiki , any bank or eligible fintech can become a member.

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Banking Fintech Conference Network 343

TechCrunch

AUGUST 27, 2023

Better.com finally went public The biggest fintech news of the week centered around Better.com’s no good, very bad public market debut. But I’m not sure anyone expected it to be hovering at a share price that gave Better.com a market cap of just $19.14 To sum it up, digital mortgage lender Better.com made its public debut on August 24.

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Marketing Fintech Banking Weak Development Team 227

CIO

DECEMBER 3, 2024

Beyond Bank Australia is one of the largest customer-owned banks in Australia and one of the leading B Corps in the country. Beyond Bank has a real focus on customers who are the members and owners of the bank. Beyond Bank has a real focus on customers who are the members and owners of the bank.

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Banking Innovation Technology Strategy 153

Crunchbase News

DECEMBER 19, 2024

After several slow quarters, were seeing a pick up in funding to digital banking startups. billion into a geographically dispersed group of online banking providers, Crunchbase data shows. Tyme, which offers digital banking in South Africa and the Philippines, picked up the next-largest round: a $250 million Series D.

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Banking Fintech Marketing Report 104

TechCrunch

AUGUST 4, 2021

Ash Lilani, managing partner at Saama Capital, one of Zeni’s earliest and largest investors, said he knew how big the total addressable market was — $200 billion — and how much these kinds of financial services were a giant pain point for startup companies. “To Zeni fits with that.”. I believe we have the opportunity to build a large company.

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Banking Fintech Travel Analysis 347

TechCrunch

MARCH 7, 2022

They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Telecoms and banks lead the majority of online financial transactions carried out in the region via mobile money wallets and bank accounts. It doesn’t aim to replace mobile money or banks.

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Fintech Banking Mobile Travel 363

TechCrunch

MAY 26, 2022

One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. More than 60% of adults in sub-Saharan Africa are unbanked, according to World Bank estimates for 2021. million in 2016.

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Blockchain Banking Systems Review Technical Review 336

TechCrunch

OCTOBER 11, 2021

Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. T hink of what Flutterwave and Paystack have done with cards; Mono wants to do with bank accounts.

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Fintech Banking Marketing Company 354

TechCrunch

JANUARY 12, 2022

But over time, it began to focus on bigger clients and signed up a bank as its first main enterprise customer. It’s a typical salary structure in markets such as the U.S. but rarely used in markets like Nigeria. “In The company said that its enterprise-grade solution caters to various companies.

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Artificial Inteligence Software Review Banking Resources 347

TechCrunch

AUGUST 26, 2021

Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. The company is led by CEO Nikolai Barnwell , betPawa’s former head of New Markets, Africa. Typically , they would be required to use a bank account or card.

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Mobile Banking Fintech Infrastructure 324

CIO

NOVEMBER 26, 2024

This approach has significantly enhanced the customer banking experience. At Mashreq, we are redefining traditional banking by always placing our customers at the forefront of our operations. What are the different kinds of technology that Mashreq has been investing in to upgrade its banking system and services in recent years?

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Banking Artificial Inteligence Blockchain Scalability 148

TechCrunch

JANUARY 25, 2021

The round was led by Pan-African early-stage venture capital firm, TLcom Capital , with participation from nonprofit Women’s World Banking. So the startup instead partners with banks. Banks provide loans to farmers and make it compulsory for them to have insurance. Image Credits: Pula. million farmers.

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Insurance Artificial Inteligence Banking Artificial Intelligence 360

CIO

SEPTEMBER 10, 2024

The artificial intelligence revolution is well underway, but how ready are banks and lenders to leverage the full breadth of these capabilities? And while some banks and lenders have made these integrations to varying degrees of success, others are struggling to fully embrace this next technological chapter. The jury is out.

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Banking Artificial Inteligence Artificial Intelligence Study 167

TechCrunch

JUNE 9, 2021

For existing businesses, these are the issues they face and getting credit in terms of working capital is extremely difficult if you’re dealing with banks. . We needed credit this time and proceeded to get an overdraft from a long-term partner bank where we had transacted more than $100,000. L-R: Barima Effah and Jesse Ghansah.

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Banking Technical Review Fintech Media 348

TechCrunch

AUGUST 13, 2023

The world’s largest smartwatch market is about to get two new smart rings. While wrist-worn wearables are still wildly popular in India, a pair of domestic manufacturers are banking on consumers who are meticulous about health and sleep tracking but are less interested in the form factor. While the smart ring market in the U.S.

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Marketing Hardware Real Estate Software Review 246

TechCrunch

MARCH 10, 2023

Yesterday morning, we had an inkling that the market was concerned about Silicon Valley Bank when its stock started dipping right after market open in reaction to the financial institution announcing late on Wednesday a share sale, an asset sale, and an increase in its term borrowing. So, what happened?

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Banking Marketing Analysis Fintech 246

TechCrunch

JANUARY 6, 2023

Indian fintech KreditBee has raised an additional $100 million in a funding round, it said, as the lender looks to scale its business in the South Asian market. KreditBee works with 10 banks and non-banking financial companies (NBFCs) to finance the loans, it said.

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TechCrunch

JANUARY 22, 2021

All of these companies have recognized they can deliver more value to consumers by “owning” every aspect of the underlying product or service — from the bike to the workout content in Peloton’s case, or the bank account to the credit card in Chime’s case. Going after very large markets.

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Real Estate Internet Mobile Banking 362

TechCrunch

MARCH 22, 2021

The company witnessed this growth despite the Central Bank of Nigeria’s clampdown on crypto exchange activities. The country’s apex bank ordered local banks to stop aiding crypto transactions. Hopefully , YC, Pioneer, other backers, and the team’s understanding of the market will propel Flux to dominance. .

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Banking Engineering Recruiting Software Engineering 363

TechCrunch

APRIL 26, 2023

As fintech services proliferate across different African markets, the need to have sufficient KYC and identity verification processes in place has intensified amid increasing fraud challenges and more stringent regulatory requirements. We want to add that depth in more markets, and Appruve gives some of that.”

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Fintech Development Team Review Systems Review Software Review 363