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Fintech Roundup: Will financial technology startups dodge the venture slowdown?

TechCrunch

Welcome to my weekly fintech-focused column. On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6

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How Machine Learning is Used in Finance and Banking

Exadel

Financial institutions, in particular, need to stay ahead of the curve using cutting-edge technology to optimize their IT and meet the latest market demands. The banking landscape is constantly changing, and the application of machine learning in banking is arguably still in its early stages. The Metaverse Impact.

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Taktile raises $20M to help fintech companies test and deploy decision-making models

TechCrunch

The logic behind many fintech companies’ automated decisions — decisions that determine whether a customer is approved for a credit line, for example — is hard-coded into their app’s backend. “Before the slowdown in tech, fintechs were mainly driven by customer growth at any cost.

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African fintech Pngme raises $15M for its financial data infrastructure platform

TechCrunch

Less than a year after its $3 million seed round, San Francisco- and Africa-based fintech Pngme has snapped up another $15 million for its financial data infrastructure play. The company is also describing itself as a machine learning-as-a-service platform. “It’s a highly data-driven user experience.

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5 Reasons Launching A Fintech Startup Has Become So Challenging

Crunchbase News

By Pavel Shynkarenko The fintech industry recorded its highest year ever in terms of investment value in 2021, but the market has been a lot more challenging for the past two years. This doesn’t mean launching a new fintech venture is impossible. It means that the rules have changed.

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Financial firms should leverage machine learning to make anomaly detection easier

TechCrunch

He has built and managed operational services and technology solutions for banks, hedge funds, asset managers, fund administrators and custodians. Leveraging machine learning. There are different ways to address the challenge of anomaly detection, including supervised and unsupervised learning. Bikram Singh. Contributor.

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Even well-funded fintech companies are laying off workers

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. Image Credits: Amy Tomlinson The layoffs keep coming There appears to be no end in sight for layoffs in the fintech space.

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