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Transactions: Sunbit taps Citi for debt warehouse facility
Buy now, pay later provider Sunbit has raised $310 million from Citi and Ares Management credit funds for a debt warehouse facility. The company aims to use the money to deepen its penetration in automotive, dental and health care industries, co-founder and Chief Executive Arad Levertov told Bank Automation News. “We are in 10,000 car…
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Anyone could be a victim of ‘deepfakes’. But there’s a reason Taylor Swift is a target | Jill Filipovic
Deepfake porn is a potent new weapon for harassment – and it’s not a coincidence Swift has become its most prominent victim Taylor Swift is having quite a month. The singer-songwriter saw her image in disgusting deepfake porn images that were circulated online, prompting a necessary and overdue conversation on how AI and deepfake porn…
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Anyone could be a victim of ‘deepfakes’. But there’s a reason Taylor Swift is a target | Jill Filipovic
Deepfake porn is a potent new weapon for harassment – and it’s not a coincidence Swift has become its most prominent victim Taylor Swift is having quite a month. The singer-songwriter saw her image in disgusting deepfake porn images that were circulated online, prompting a necessary and overdue conversation on how AI and deepfake porn…
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Fintech Ramp acquires another AI-powered startup
Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in…
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Block becomes the latest fintech to lay off workers
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and…
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Podcast: AI, RPA, fraud detection, data sharing enhancements in 2024
Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics. In 2024, financial institutions can look to even more developments in AI, robotic process automation (RPA), fraud detection and data sharing technologies to set themselves up for digital success, technology platform…
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Next level AI: Quantum AI
Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI. “By applying quantum, the parallel [computing] capability of the computer goes up exponentially,” Mitchell Wein, executive principal at Datos Insights, a data and markets analytics company,…
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Things worth reading: 31st January 2024
Things we’re reading today include … More than a third of Britons now have a current account with digital-only bank | This is Money Why is fintech failing boomers? | Sifted The fintech boss who received 20,000 applications for five jobs: “It’s sad” (efinancialcareers.com) HSBC fined £57.4m for customer deposit protection failings – BBC News……
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Creating the world that is the best it can be
Attending a dinner with family the other night, we got into a kind of argument or debate that had me in one corner as the boomer and my friend, a young parent, as GenZ. It was a heated debate and I don’t think either of us won. What do you think? Summarising the discussion, I’ll……
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Finvest app will have you invested in US Treasury Bills in minutes
Finvest is out to make the purchase, management and selling of U.S. Treasury Bills seamless, while also offering a high-yield cash management account with a 4.4% yield. © 2024 TechCrunch. All rights reserved. For personal use only.