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So You Want to Be a Venture Capitalist: Best Practices for Community Banks Investing in Fintech Startups

Gonzobanker

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. According to CB Insights, fintech funding in the U.S. According to Cornerstone Advisors’ What’s Going On in Banking 2023 study, there are about 500 community banks and credit unions making direct investments into fintech startups.

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FinTech Chipper Cash To Expand Into Nigeria

PYMNTS

Abiodun Animashaun, the co-founder of the Lagos-based ride-hailing startup Gokada, will serve as country manager. Alicia Levine, who works at BRCK, an internet hardware and service startup, will become the company’s chief operating officer. Both Chipper Cash founders emigrated to the United States to study and work in Silicon Valley.

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IBM Algo FIRST becomes IBM FIRST Risk Case Studies

Insights on Business

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

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IBM Algo FIRST becomes IBM FIRST Risk Case Studies

Insights on Business

In the continued evolution of the IBM Governance Risk and Compliance (GRC) product line, I am pleased to announce that effective today, Algo FIRST (FIRST) is rebranded to IBM FIRST Risk Case Studies. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

The program will pull in data from Chinese custom services, port operators, logistics companies, financial institutions and export and import firms, and will aim to make financial matters more accessible and offer a better, cheaper tracking system. OneConnect is the financial arm for Ping An Insurance, the largest insurer in China.

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Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely

PYMNTS

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. Many FinTechs are using these ML applications to accelerate their financing approval processes. They represent 99.9 percent of all businesses in the U.S.,

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Whose Customer Is It When Banks And FinTechs Collaborate?

PYMNTS

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. And increasingly, banks are starting to think of FinTechs not as the enemy, but as potential partners. Why FinTechs Need Banks.

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