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Method raises $16M to power loan repayment, balance transfers and more across fintech apps

TechCrunch

TechCrunch previously covered GradJoy, which sought to help students better manage their loan repayment plans through an app-based system.) Integrating student loans into the GradJoy app turned out to be a patchwork of brittle, insecure screen-scraping APIs, physical check mailing and compliance hurdles, according to Shah.

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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

TechCrunch

Smile Identity , a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve , a Ghanaian developer of identity verification software. We want to add that depth in more markets, and Appruve gives some of that.”

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Ex-Uber software engineers raise $3M for Sperta, a 6-month-old startup that wants to help fintechs better manage fraud risk

TechCrunch

However, dispatch was one of Uber’s most critical systems, and it had a much bigger scale than previous use cases while having a very stringent latency requirement. . He then joined a credit card startup and realized that product also needed a rules engine to manage fraud, credit and compliance risks.

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How to Find and Hire Fintech Developers with React / Typescript

Mobilunity

The role of skilled fintech developers React experts has become increasingly important as traditional banking methods evolve. This demand has propelled technologies like React and TypeScript to the forefront of fintech application development. By 2028, this share is anticipated to exceed $400 billion.

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LeapXpert raises $22M to monitor employee chats for compliance

TechCrunch

It’s been a particular challenge for the financial services industry, which has comparatively strict governance and compliance requirements. On the hunt for a solution to the chat compliance problem, three entrepreneurs — Dima Gutzeit, Avi Pardo and Rina Charles — decided to create their own, LeapXpert. .

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OCC Highlights, AML & CRA Risks

Perficient

Banks must uphold responsibilities under the current Customer Due Diligence and Beneficial Ownership Rule and the other existing BSA requirements. * * Note that the AML Act of 2020 requires the issuance of changes to the Customer Due Diligence and Beneficial Ownership Rule.

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Sesamm bags $37M to give corporates ESG insights using natural language processing

TechCrunch

Companies can access Sesamm’s flagship product, TextReveal , via several conduits, including an API that brings Sesamm’s NLP engine into their own systems. Elsewhere, private equity firms can use Sesamm for due diligence on potential acquisition or investment targets.