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Fintech is Failing at Financial Inclusion for Women

Fintech News

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

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The Autobots’ blueprint: Why a modular polyglot architecture powers the future of core banking

The Payments Association

Optimus Prime,Transformers(2007) In the epic battle for the future of banking, financial institutions stand at a crossroads, much like the Autobots facing the Decepticons. Legacy core banking systems, monolithic and rigid, are the relics of a bygone erastable yet inflexible, like ancient Cybertronian relics buried beneath rust and time.

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Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers

PYMNTS

The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. global ransomware attack and the 2014 attack on Sony Pictures Entertainment. The Bangladesh Bank Hack. The way they got there? The Methods.

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Finovate Global Netherlands: Investing in Digital Banking and Innovating with AI

Finovate

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

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How to Extract Key-Value Pairs Using Deep Learning

Nanonets

An example of key-value pair extraction KVPs are the building blocks of many data structures and databases. Automation of document scanning: Governments or large businesses such as banks process many handwritten forms with identical formats for various purposes (e.g., Visa application, bank transfer).

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Marriott Breach: Why The Worst May Be Yet To Come

PYMNTS

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Why did the bank robber rob the bank? Good for them! Well, not really.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Date: April 25, 2014. Ballmer led Microsoft’s purchase of Nokia for over $7B in a deal finalized in 2014. Date: January 13, 2014. In 2014, Google sought to make an entrance into smart homes by acquiring Nest Labs, a four-year-old startup founded by two ex-Apple engineers, Tony Fadell and Matt Rogers. Price: $7.9B.