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NewsHerman Copeland

How digital platforms are disrupting the recharge card business in Nigeria

The recharge card business in Nigeria is facing a decline as more people opt for digital methods to purchase airtime, such as through mobile apps provided by banks and fintech companies. This trend has affected not only the roadside sellers, but also the licensed Value-Added Services (VAS) providers in the telecom industry. However, despite the challenges, opportunities for new businesses and agents are emerging in the digital landscape, creating potential…

Senator Cramer supports marijuana banking bill to regulate the industry

The bill aims to protect banks that serve cannabis businesses Sen. Kevin Cramer (R-N.D.) has expressed his support for a bill that would provide legal protection for banks that work with marijuana businesses in states where cannabis is legal. The bill, known as the Secure and Fair Enforcement (SAFE) Banking Act, was passed by the House of Representatives last week and is awaiting action in the Senate. Cramer, who is…

Senate Banking Committee to Vote on Cannabis Banking Bill

The Senate Banking Committee is set to vote on a bill that would provide legal clarity and protection for credit unions and other financial institutions that serve cannabis-related businesses in states where marijuana is legal. The bill, known as the Secure and Fair Enforcement Regulation (SAFER) Banking Act, has been revised to address some concerns raised by lawmakers and regulators. What is the SAFER Banking Act? The SAFER Banking Act…

Leatherback: A New Way to Send and Receive Money Across Borders

Leatherback, a neo-banking platform for individuals and businesses, has launched its mobile app in the UK, making it easier for migrants and businesses to remit funds and conduct cross-border transactions in over 15 currencies across 21 different countries. The app, which is available for both iOS and Android devices, aims to provide a fast, secure, and low-cost alternative to traditional money transfer services. What is Leatherback and how does it…

Global Banks Eye India as a Growth Market

India is attracting the attention of global banks as a potential growth market, especially in the wake of the China-Plus-One strategy that many multinational corporations are adopting. Several foreign banks are expanding their presence and offerings in India, hoping to tap into the opportunities in the private banking, investment banking and asset management segments. India’s Financial Sector: A Watershed Year According to a report by finews.com, 2023 is panning out…

Backbase ENGAGE 2023: How to transform banking with engagement orchestration

Backbase, a leading provider of digital banking solutions, is hosting its annual conference, Backbase ENGAGE, in three different regions: EMEA, Asia, and Americas. The event aims to inspire banks and credit unions to make the “Big Shift” from traditional to engagement banking, by leveraging omnichannel engagement orchestration and journey-led progressive modernization. What is the Big Shift? The Big Shift is the transition from traditional banking, which is product-centric, siloed, and…

MBARI’s innovative ocean robot now available for commercial use

MBARI partners with Saab to license LRAUV technology The Monterey Bay Aquarium Research Institute (MBARI) has announced a new commercial licensing agreement with Saab, Inc. to make its long-range autonomous underwater vehicle (LRAUV) technology available for the first time to a global market. The LRAUV is an innovative robot that can explore, map, and monitor the ocean for weeks at a time, covering distances of more than 1,000 kilometers (620…

Innovation and the Loss of Technology: How Outsourcing and Technology Transfer Threaten Competitiveness

The technology sector is often seen as the engine of innovation and economic growth, but it also faces significant challenges and risks. One of the most pressing issues is the loss of technology and industries to other countries, especially those with lower labor costs and less stringent regulations. This phenomenon, known as outsourcing or technology transfer, can erode the competitive advantage and technological leadership of the original innovators. What is…

Microsoft sees improvement in Nvidia AI chip supply amid generative AI slowdown

Microsoft’s chief technology officer Kevin Scott said on Wednesday that the company is having an easier time getting access to Nvidia’s chips that run artificial intelligence workloads than it was a few months ago. Speaking at the Code Conference in Dana Point, California, Scott said the market for Nvidia’s graphics processing units (GPUs) is opening up a little. The GPUs have been heavily in demand since Microsoft-backed OpenAI launched the…

Arrest made in the murder of Baltimore tech CEO Pava LaPere

Baltimore police have announced the arrest of a man suspected of killing Pava LaPere, the CEO and founder of the software startup EcoMap Technologies. Jason Dean Billingsley, 32, was captured by the U.S. Marshals Service on Thursday morning after a three-day manhunt. A brutal killing of a young entrepreneur LaPere, 26, was reported missing on Monday and was found dead in an apartment building in Baltimore with blunt-force trauma wounds.…