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Posts Tagged ‘banking’

Banks aren’t as ****** as enterprise AI and fintech entrepreneurs think

The right question is almost never whether to buy software or build it internally. Instead, banks have often worked to walk the difficult but smarter path right down the middle. ...

How to diagnose and treat machine learning models afflicted by COVID-19

Machine learning models for predicting behavior will need to change, and companies should take a proactive approach to leveraging new technology that can help with these fluctuations. ...

Vitesse, a fintech providing real-time cross-border payments for businesses, scores £6.6M Series A

Vitesse, the London-based fintech that offers real-time cross-border payments for businesses, has raised £6.6 million in Series A funding. The round is led by Octopus Ventures, with participation from existing backers including Hoxton Ventures and various angel investors. The company says the new investment will be used for growth, including building out its sales and ...

The tale of 2 challenger bank models

Emerging market challenger banks will have to look carefully at market conditions, possible target segments, sustainable revenue sources and the regulatory structure that best supports their desired business model. ...

Hackers say ‘jackpotting’ flaws tricked popular ATMs into spitting out cash

In 2010, the late Barnaby Jack, a world-renowned security researcher, hacked an ATM live on stage at the Black Hat conference by tricking the cash dispenser into spitting out a stream of dollar bills. The technique was appropriately named “jackpotting.” A decade on from Jack’s blockbuster demo, security researchers are presenting two new vulnerabilities in ...

Mobile bank Current launches a points rewards program for debit card users

Amid a crowded market of mobile banking services, which will soon also include Google, U.S. challenger bank Current is launching a new program that will offer points-based rewards to its checking account customers. The program will allow Current members to earn up to 15x points on everyday debit card purchases at over U.S. 14,000 merchants, ...

Remitly launches Passbook, a neobank aimed at immigrants, to expand beyond money transfers

Last summer, the Seattle-based startup Remitly closed a $135 million round to go beyond money-transfer services into a wider range of financial products catering to its primarily-immigrant customer base. Today, it’s taking the wraps off a new product that puts paid to that plan: it’s launching Passbook, a new bank aimed at immigrants that lets ...

Nigeria’s Paga acquires Apposit, confirms Mexico and Ethiopia expansion

Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year ...

Chatbots spotlight machine learning’s trillion-dollar potential

The directional trends are clear: chatbots are an important component of our AI-driven future, and the C-suite is taking notice. ...

Goodbye Libra, hello Facebook Pay

A new proprietary online payment system for WhatsApp, Instagram, and Facebook launches today, exactly two weeks after all the payment companies dropped out of Libra.

The evil ******** at Facebook, to whom we're now supposed to refer as FACEBOOK, today unveiled Facebook Pay, which is not all caps, and which will work on Facebook, Facebook ...