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Singapore-based fintech STACS raises $3.6M to develop blockchain platforms for financial institutions

TechCrunch

Singapore-based fintech Hashstacs Pte Ltd (STACS) announced today it has raised $3.6 The platform enables loan and bond parameters to be programmed into security tokens and connects with data sources, like IoT devices or satellite images, to create real-time impact reports on a distributed ledger. million USD in pre-Series A funding.

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8 investors and founders highlight Valencia’s potential as a fintech and cybersecurity hub

TechCrunch

The city appears to be strong in areas such as travel, AI, cybersecurity, fintech, agritech, travel tech, biotech, sports tech, and VR. Key sectors include fintech, agritech and travel tech. Because of this some corporate accelerators are growing strong here, mainly in fintech, such as Bankia Fintech. What does it lack?

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Why is Embedded Finance the Future of Financial Services?

Daffodil Software

FinTech solutions have been revolutionizing financial services as we know them, thanks to their pairing with AI, the blockchain, IoT, and other inventive technologies. The latest technological entrant that is disrupting the FinTech paradigm is Embedded Finance.

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Daily Crunch: Google will offer G Suite legacy edition users a ‘no-cost option’

TechCrunch

Zigbang buys Samsung IoT business : The IoT promises of yesteryear are coming true, and not. Samsara recently went public on the back of its IoT business. That Zigbang, a South Korean proptech startup, is buying Samsung’s IoT unit feels slightly less bullish. fintech all the same. That was a win for the category.

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What are the main challenges CISOs are facing in the Middle East?

CIO

The Internet of Things (IoT) vulnerabilities have also been increasing. According to Statista, the number of IoT devices exceeded 15 billion in 2023. The current rise in digital platforms and fintech has also increased the extent of financial cybercrime in the form of card cloning and phishing attacks for example.

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Digital bank Umba raises $15M, plans to expand into three new African markets

TechCrunch

As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. The news comes almost two years since the fintech raised a seed round of $2 million.

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7 ways to ensure the success of product-centric reliability

CIO

As a fintech company, the reliability of our products and services is critical to ensuring that Discover® Financial Services customers can access their money, credit, and accounts when they need to. Like many other companies, Discover has adopted a product-centric approach where the responsibility for reliability sits with the product teams.