TechCrunch

FEBRUARY 19, 2021

The last year has been one of financial hardship for billions, and among the specific hardships is the elementary one of paying for utilities, taxes and other government fees — the systems for which are rarely set up for easy or flexible payment. “These systems do not recognize that most people are struggling with their basic needs. .

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CIO

MARCH 18, 2025

2025 Banking Regulatory Outlook, Deloitte The stakes are clear. Unfortunately, many organizations still approach information security this way waiting until development is nearly complete before conducting security reviews, penetration tests, and compliance checks. The how: Building secure digital products 1.

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TechCrunch

APRIL 11, 2022

And yet, “the main source [of funding] for them right now is the traditional banking system. Banks in developed countries are focused on supply chain finance for large countries and banking systems in developing markets are still underdeveloped. trillion and will grow to $6.1

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TechCrunch

SEPTEMBER 30, 2021

Alloy, which has built an identity operating system for banks and fintechs, announced Thursday that it has raised $100 million at a $1.35 Alloy was founded primarily to fix a “broken” onboarding process that has historically involved manual review when people applied for bank accounts online. billion valuation.

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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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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.

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Blockchain Banking Systems Review Technical Review 336

TechCrunch

SEPTEMBER 23, 2021

Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. The sizable seed round from strong investors is due to a few factors. million to help it grow. million to help it grow.

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TechCrunch

MARCH 20, 2023

Banking infrastructure providers are mainly responsible for the proliferation of such solutions. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers. Banking-as-a-service startup Unit closes on $100M at a $1.2B million seed round.

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CIO

JANUARY 5, 2025

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] 4] On their own AI and GenAI can deliver value.

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TechCrunch

NOVEMBER 17, 2021

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. Unlike other African countries, South Africa also has a functioning credit system with the prevalent use of credit cards. Ozow is one such player.

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Banking Development Team Review Systems Review Fintech 269

CIO

JULY 22, 2024

The widespread disruption caused by the recent CrowdStrike software glitch, which led to a global outage of Windows systems, has sent shockwaves through the IT community. Organizations and CISOs must review their cloud strategies, and the automatic updating of patches should be discouraged.

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TechCrunch

MARCH 1, 2023

investment giant Carlyle Group , French corporate and investment bank Natixis , Japanese multinational insurance holding company Tokio Marine , and U.K.-based Companies can access Sesamm’s flagship product, TextReveal , via several conduits, including an API that brings Sesamm’s NLP engine into their own systems.

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Systems Review Technical Review ChatGPT Artificial Inteligence 230

CIO

NOVEMBER 25, 2024

Allegis had been using a legacy on-premises ERP system called Eclipse for about 15 years, which Shannon says met the business needs well but had limitations. Allegis had been using Eclipse for 10 years, when the system was acquired by Epicor, and Allegis began exploring migrating to a cloud-based ERP system.

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TechCrunch

APRIL 20, 2021

Community banks and credit unions aim to be the heart of the, well, communities, they serve. And not only are they competing with legacy players, there is also a slew of digital banks that have emerged in recent years, as well. How to fix) 5 common UX mistakes in online banking.

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Fintech Banking Software Review Technical Review 240

TechCrunch

APRIL 26, 2023

Within the last 18 months, the four-year-old startup worked on analyzing fraud data from global money networks, verification of mobile money financial statements and blocklist data from various banks and fintechs within the last 18 months. We want to add that depth in more markets, and Appruve gives some of that.”

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TechCrunch

MAY 12, 2022

One comparable for Token, and a mark of how big the overall business is, is TrueLayer , a major open banking player also based out of the UK that last year raised a big round of $130 million at a valuation of more than $1 billion. “Open banking solves the barriers of account-to-account payments, and it will allow these to go mainstream.

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Banking Technical Review Retail Authentication 204

CIO

NOVEMBER 14, 2024

Led by Pacetti, the company was able to reduce many variables in a complex system, like online sales and payments, data analysis, and cybersecurity. “We For the first time, it presented us with the opportunity to adopt the cloud for a system that’s not an accessory, but core to the operation of the company.

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TechCrunch

JANUARY 12, 2022

Its product suite includes an HR management system, performance and competency management, HR analytics, leave management, payroll management and recruitment management. It was four years after several iterations of Insidify, an aggregator site for job seekers and a review site for companies that they started SeamlessHR in 2018.

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Artificial Inteligence Software Review Banking Resources 347

TechCrunch

NOVEMBER 17, 2022

A more recent report from the Federal Reserve Bank of New York estimates that total household debt in Q3 2022 reached $16.51 ” Joshaghani hails from the financial industry, having worked as a corporate finance manager and investment banking association. According to a September 2021 survey from Bankrate.com, 42% of U.S.

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TechCrunch

OCTOBER 20, 2021

Resistant AI , which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to protect credit risk scoring models, payment systems, customer onboarding and more — has closed $16.6 million in Series A funding.

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Fintech Artificial Inteligence Tools Technical Review 256

TechCrunch

JANUARY 15, 2023

In particular, I’m interested in whether banks can be opportunistic. Some of the large banks have already been active, and the others need to ask themselves whether they are serious about innovation and digital transformation. If they are, they can’t afford to miss this moment.”. .” billion, had cut 10% of its staff.

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TechCrunch

MARCH 11, 2023

As of late Thursday night and Friday morning, the fallout from the shutdown of Silicon Valley Bank in the US had reached the shores of the UK and Europe. Yesterday afternoon, the Bank of England sought a court order to place Silicon Valley Bank UK Limited — the UK arm of the US institution — into an insolvency procedure.

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CIO

MAY 16, 2023

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Today’s rapidly rising rate environment is driving activity across the country’s 72,000 bank branches 2. Consider the following real-world scenarios. ●

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TechCrunch

SEPTEMBER 10, 2021

The company is often compared to NerdWallet or Mint, but in terms of functionality, Khan said he feels MaxRewards is unique due to its credit card system connectors. Rather than rely on third-party aggregators to discover the rewards, MaxRewards leverages its own proprietary connectors to card systems.

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TechCrunch

AUGUST 26, 2022

All this started just a week after she applied for a small loan of around $100 that she needed due to a severe financial crisis earlier this year. So instead of going to a bank, she chose to get the loan from Fast Coin, an app her office colleague suggested.

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Systems Review Technical Review Software Review Banking 236

TechCrunch

SEPTEMBER 26, 2022

First in line at this point in time — in a decision which is due in December — is banking giant Barclays. But the prospect of a profitable, global bank taking over the contract has been branded “insane” and “mad” by some key U.K. We can’t hand the support to the tech ecosystem to an incumbent bank!

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Technical Review Government Banking .Net 164

TechCrunch

AUGUST 26, 2021

Tabor explained that the e-commerce landscape in Latin America was consolidated, meaning few banks controlled more of the market. That process involves manual analysis and constant adjusting due to fraud. In the U.S., In the U.S., Instead, merchants in Latam have to tap into other organizations that have that data.”.

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TechCrunch

DECEMBER 1, 2021

PeopleFund also will beef up its machine learning-powered credit scoring system, which is one of its key differentiators, that provides a quantitative scoring model (for credit valuation), a qualitative scoring model and a demand forecasting model (for near-primer borrowers). “For The FSC said it will continue to review other applicants.

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Banking Technical Review Systems Review Artificial Inteligence 245

TechCrunch

SEPTEMBER 12, 2022

The majority of small businesses in Nigeria aren’t formally registered due to costs and complexities in navigating the entire process. Last week, the company announced that it obtained a licence from Nigeria’s apex bank, the Central Bank of Nigeria (CBN), to operate as a Super Agent, just like agency banking players OPay and TeamApt.

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Small Business Banking Software Review Systems Review 291

TechCrunch

JUNE 6, 2022

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. Per a World Bank report , only 11% of Africa’s population have their credit information recorded by private credit bureaus. And for those who are banked, only 17% have accessed loans. 700 million (~$1.17

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Banking Fintech B2C Artificial Inteligence 216

TechCrunch

MARCH 16, 2023

On Friday, the Federal Deposit Insurance Corporation announced that it had taken over Silicon Valley Bank , and as we rushed to plan coverage, one of my colleagues succinctly described the situation: “This is historic s**t.” Bank runs are often ironic in that they can become self-fulfilling prophecies.)

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Banking Insurance Systems Review .Net 225

Tenable

FEBRUARY 14, 2025

Plus, Europol offers best practices for banks to adopt quantum-resistant cryptography. This can lead to issues such as system crashes, data corruption and remote code execution. Rigorously test your software products using static analysis, fuzzing and manual reviews throughout the development cycle.

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Security Banking Technical Review Software Review 74

TechCrunch

MARCH 2, 2022

Aminu Bakori and Kabir Shittu , founders of Sudo Africa, told TechCrunch that the opportunity to build Sudo was due to a problem they faced while attempting to issue cards at their previous startup: a mobile wallet system allowed users to aggregate existing financial institutions into a single platform and perform transactions. “At

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TechCrunch

MAY 22, 2022

I have a (slightly) quieter inbox, VCs appear to be applying more (or in some cases, some when there was little to none) due diligence and valuations are either flat or only inching upward rather than soaring — even dropping in some cases. billion before that deal fell apart in early 2021 due to regulatory concerns.

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TechCrunch

MARCH 26, 2023

. — Mary Ann Q&A with Dave founder Jason Wilk Right before the Silicon Valley Bank meltdown, I had a conversation with Jason Wilk, founder and CEO of neobank Dave , about that company’s business. You launched banking services not that long ago. We realized that CAC to acquire banking customers is very high.

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TechCrunch

APRIL 5, 2022

In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs. During that period, the volume of POS payments in the country also increased tremendously , hitting more than 500 billion as of May 2021.

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Retail Mobile Technical Review Banking 227

TechCrunch

DECEMBER 20, 2022

There are some 40 million Mexicans who are excluded from certain financial products due to banks not thinking it is a segment worth going after, but Filiberto Castro does. The former banking executive worked at banks including Citi and Scotiabank for nearly a decade before moving into the fintech space to be chief of growth at Konfio.

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