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Digital banking boosts financial inclusion, new business models in Africa

CIO Business Intelligence

In early 2021, a wave of digital innovation in the African financial sector, born out of a response to the tight grip of the pandemic, fuelled services and applications that had the potential to really shake up the banking sector. African banks rush to offer new services. Fintech lowers costs for banks and consumers.

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Reality check: Intelligent machines and the future of the automated workforce

GeekWire

“In reality, more jobs are created than lost as a result of [a disruptive] evolution,” Lewis claimed as she launched into a discussion of ATMs and bank tellers. Bank tellers haven’t been wiped out,” she said. had 485,000 bank tellers and 60,000 ATMs (automated teller machine). had 44,546 bank branches in 1985 and 72,444 in 2022.

Banking 111
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More money inclusion in Africa

TM Forum

It has proven as an effective enabler to accelerate the financial inclusion of the millions of people who simply do not have access to traditional banking facilities. In most parts of Africa, people have struggled to open and operate traditional banking accounts. By the end of 2025, 615 million.

Financial 130
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9 questions about Silicon Valley Bank’s collapse, answered

Vox

The bank is closed. Justin Sullivan/Getty Images Tech’s favorite bank just failed. If you work in tech , you had probably heard of Silicon Valley Bank before now. If you’re not familiar with this seemingly regional bank, nobody’s blaming you. Anyway, you’re here now — Silicon Valley Bank isn’t. trillion or so.

Banking 98
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Sunny Gupta on Apptio’s lightbulb moment, and the key questions behind the tech company’s success

GeekWire

But it was that question, during a 2007 conversation with a CIO at a large financial firm, that got his entrepreneurial gears going again. ” Gupta recalled last week at an event in Seattle hosted by Stifel Venture Banking and Wilson Sonsini. After selling two companies, Gupta wasn’t really looking to launch another startup.

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Lucid Motors passes Ford’s market cap four years after it nearly got bought

The Verge

Lucid Motors has a comparatively long history for an EV startup as it was founded in 2007 as a battery company called Atieva. From a July 2017 report in Recode : Lucid began its fourth round of institutional fundraising earlier this year, with the help of investment bank Morgan Stanley. They came back and said they wanted to acquire.”.

Banking 95
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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO Business Intelligence

Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets. May 2007: Autonomy spins off its Blinkx consumer software unit in an IPO. July 2007: Autonomy pays $375 million for content archiving and electronic discovery specialist Zantaz.

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