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Use TikTok to combat misinformation, MPs tell government
Cross-party committee urges creation of strategy engage with new platforms that appeal to young The government needs a TikTok strategy to help combat misinformation directed at young people, MPs have said. Members of the cross-party culture, media and sport committee said the government needed to adapt to new apps and platforms that appeal to young…
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Use TikTok to combat misinformation, MPs tell government
Cross-party committee urges creation of strategy engage with new platforms that appeal to young The government needs a TikTok strategy to help combat misinformation directed at young people, MPs have said. Members of the cross-party culture, media and sport committee said the government needed to adapt to new apps and platforms that appeal to young…
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Use TikTok to combat misinformation, MPs tell government
Cross-party committee urges creation of strategy engage with new platforms that appeal to young The government needs a TikTok strategy to help combat misinformation directed at young people, MPs have said. Members of the cross-party culture, media and sport committee said the government needed to adapt to new apps and platforms that appeal to young…
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How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans
Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not afford a new one. Then, in February 2024, she saw a sign about PayJoy, a startup that offers lending…
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Podcast: Cloud migration ‘a must’ for FIs
Financial institutions are prioritizing cloud migration as cost reduction and innovation continue to be top of mind. “We definitely see cloud migration as a must,” Rodrigo Silva, regional director for the Americas at Temenos, tells Bank Automation News on this episode of “The Buzz” podcast. According to the tech provider’s annual economics report, set for release on April…
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Fintechs push for data access
NEW YORK — The free flow of consumer data and information would spark innovation in their industry, fintech leaders say. “If you had the right to move and transport your data, I think we would see a lot more innovation there,” Matt Janiga, director of regulatory and public affairs at fintech Trustly, said at Empire…
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Things worth reading: 12th April 2024
Things we’re reading today include … Managing the transition to central bank digital currency | CEPR Investors Circle ‘Most Hated’ Fintech and E-Commerce Sectors — The Information $45bn fintech hires a generative AI executive in Chicago (efinancialcareers.com) Mastercard to realign organisational structure with three new divisions – FinTech Futures: Fintech news Uber stops fintech plans……
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Stop talking about “Open Banking”
Talking of sharing data, Salt Edge just sent me some interesting stats about Open Banking and Open Finance (there is a difference). They start by quoting that inconsistently reliable source Statista, who claim that the number of open banking users worldwide was expected to grow by an average of 50% per year between 2020 and……
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JPMorgan Chase invests in wholesale payments tech
JPMorgan Chase is investing in innovation and technology within its wholesale payments operations amid rising demand for global payments capabilities. The $3.7 trillion bank is leaning into payment systems, Chief Financial Officer Jeremy Barnum said today during the bank’s first-quarter earnings call. “Our willingness to invest is one of the things separating us in this…
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Small FIs can customize third-party technology
Springfield, Ill.-based bank INB relies on third-party vendors to build most of its technology, then customizes it to meet the needs of INB its clients. “For our size, we need a good partner,” Chief Operating Officer Mark Donovan told Bank Automation News. “Development talent is a scarce resource … developing a solution that can integrate…