article thumbnail

With fresh capital, Symend aims to build a better debt collection system

TechCrunch

According to a September 2021 survey from Bankrate.com, 42% of U.S. A more recent report from the Federal Reserve Bank of New York estimates that total household debt in Q3 2022 reached $16.51 ” Joshaghani hails from the financial industry, having worked as a corporate finance manager and investment banking association.

article thumbnail

A tale of two surveys: Fintech VCs change tune on investment landscape

TechCrunch

In mid-February, we published a survey of 10 fintech investors with questions on topics such as what areas they are excited about and their outlook for the future. Here we are, not even six months later, and the vibe from the responses of our latest survey — this time of eight fintech investors — is a very different one.

Fintech 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Silicon Valley Bank: Here’s a timeline of the bank’s failure

TechCrunch

Writer’s note: We’re breaking from our usual formatting this week because there was a once-in-a-generation collapse of one of the biggest banks in the country. On Friday, I wrote about how Silicon Valley Bank has been closed by regulators , which are now in charge of the bank’s deposits. Some advised diversification.

Banking 126
article thumbnail

Briefing the board on AI: Educate to tee up investment

CIO

According to a 2022 Institute of Directors survey , 80% of boards did not have processes in place to audit their company’s use of AI. They said they did not know what questions to ask,” the survey concluded. Be mindful of pre-existing expectations Some years ago, I was working with the CIO of a very large East Coast bank.

Education 299
article thumbnail

The only CIO resolution that matters

CIO

To wit, across nearly every discipline, one finds magnum opuses entitled “Lessons Learned” or “The Year in Review” as the year draws to a close. Perhaps in an age when our forebears huddled around campfires waiting for warmer weather annual reviews were the optimal way to accumulate knowledge and empower human agency.

article thumbnail

Prewave pulls in $20M as supply chain tech investments remain on VC radars

TechCrunch

. “We also connect to several social media platforms and for specific event types we use external data sources as for example USGS (United States Geological Survey) for earthquake data or GDACS (Global Disaster Alert and Coordination System) for weather information.

article thumbnail

Inscribe bags $25M to fight financial fraud with AI

TechCrunch

Conor Burke spent much of his career in the back office of a big bank in Ireland. His team was tasked with digitizing the onboarding process — particularly document-heavy manual review workflows — that were costing the bank millions of dollars every year and not catching fraud.