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Finovate Global Netherlands: Investing in Digital Banking and Innovating with AI

Finovate

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

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Fintech is Failing at Financial Inclusion for Women

Fintech News

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

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How to Extract Key-Value Pairs Using Deep Learning

Nanonets

An example of key-value pair extraction KVPs are the building blocks of many data structures and databases. Automation of document scanning: Governments or large businesses such as banks process many handwritten forms with identical formats for various purposes (e.g., Visa application, bank transfer).

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Anatomy Of A Bank Heist, SWIFT-ly Done By Phishers

PYMNTS

The fraudsters who hacked their way into the Bangladesh central bank two years ago got there by getting into software tied to the SWIFT financial platform. global ransomware attack and the 2014 attack on Sony Pictures Entertainment. The Bangladesh Bank Hack. The way they got there? The Methods.

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Marriott Breach: Why The Worst May Be Yet To Come

PYMNTS

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Why did the bank robber rob the bank? Good for them! Well, not really.

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HowGood Rates Product Sustainability, Sees $4.2M Series A

PYMNTS

The deal is one that seeks to bring mobile banking to underbanked consumers and also, in terms of demographics, to millennials. million, including a $2 million seed round in 2014. That funding will be slated for small business loans via securitization. At the end of February, HowGood closed a $4.2

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Make Electronic Payments Simpler: All you need to know

Nanonets

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021.  Bank transfers and digital wallets are more recent developments that have leveraged the rapid expansion in digital data and interconnectivity.