Credit bureaus relying on outdated third-party data are only getting a small piece of the puzzle, Georgina Merhom says.
User-permissioned data sources, that consumers provide with their permission, come from a variety of places.
In addition, user-permissioned data sources replace the self-reporting process, brokers trust between the institution and consumer and identifies opportunities that the bank would have otherwise overlooked, Merhom said.
Building a better credit bureau or finding new ways to verify data from people without a lot of credit is not a new concept.
“It costs banks $29 billion a year to process applications, and that’s not even including the money they pay credit bureaus,” Merhom said.
Binance will discontinue its naira (NGN) services in response to heightened regulatory scrutiny in Nigeria, it said in a blog post today.
The cryptocurrency exchange will begin delisting any existing NGN spot trading pairs by Thursday, March 7.
Any remaining NGN balances in users’ spot and funding wallets will be converted to USDT on Friday, March 8, it noted.
This development follows recent regulatory actions by the Nigerian government, which imposed restrictions on both local and foreign cryptocurrency exchanges, including Binance.
What followed was the reported detention of two Binance officials after they were invited to Nigeria to discuss the regulatory restrictions.
Co-founders Ozgun Erdogan and Umur Cubukcu previously built Citus Data, where they also met Daniel Farina, who previously was instrumental in building Heroku PostgreSQL.
Citus Data wouldn’t have been possible without,” Cubukcu said.
“Fifteen years ago, all those service [that are on the Ubicloud roadmap] did not have open-source data plane components.
These days, for the core services, all of those now have good open-source alternatives, barring maybe one or two,” he said.
The company currently has 10 employees, split between San Francisco, Amsterdam (where the Citus Data team built a small engineering team during the team’s Microsoft days) and Istanbul.
The much-teased and oft-leaked Nothing Phone (2a) is now officially official, just under a week after it made its limited debut at the company’s MWC after party.
Nothing’s third phone is the first that goes directly after the mid-tier/budget space, with a starting price of $349.
The phone is currently only available here for developers looking to integrate third-party apps with the light up “Glyphs” on the device’s back.
In the London-based firm’s home market, it’s available in both 8GB/128GB and 12GB/256GB models, running £319 and £319, respectively.
At 5,000 mAh, the battery is larger than the ones found on both the Phone (1) (4,500mAh) and Phone (2) (4,700 mAh).
As remote work becomes increasingly prevalent, organizations globally are adapting, especially regarding onboarding procedures for new employees and navigating cross-border payment complexities.
RemotePass, one such business out of the UAE, has raised $5.5 million in Series A funding led by New York-based 212 VC.
CEO Kamal Reggad and Karim Nadi founded RemotePass in late 2020 to allow businesses to onboard, manage and pay their talent base in countries where they lack local legal presence.
Several companies are actively facilitating remote work and aiding employees in receiving payments from employers.
“Addressing today’s workforce challenges like talent mobility and remote work, RemotePass stands out as a key enabler.
Another day, another lawsuit involving Elon Musk.
Four former Twitter executives, including ex-CEO Parag Agrawal, sued Musk on Monday, alleging that they’re owed over $128 million in severance payments.
According to the lawsuit, Musk has a “special ire” toward these former executives, who worked hard to hold Musk to his $44 billion commitment when he tried to back out.
Musk has faced several lawsuits from former Twitter employees who are also waiting for a check.
According to the lawsuit, Musk claimed that these executives committed “gross negligence” and “willful misconduct” in their termination letters, but never was able to show evidence of his allegations.
We looked at X’s official help center page and ran tests of the feature to analyze how the calling feature works and to understand the risks associated with it.
Because of these privacy risks, we recommend switching off the calling feature completely.
When the test account sends a DM to the real account, the message is received but neither account sees the phone icon.
When the real account accepts the DM, the test account can then call the real account.
When the real account follows the test account back, both can contact each other.
Hello and welcome back to TechCrunch Space.
This mission will include satellites from Apex Space, Unseen Labs, Care Weather, True Anomaly and others.
You also can send a note to the whole TechCrunch crew at tips@techcrunch.com.
An internal congressional memo viewed by TechCrunch casts strong doubt on Rocket Lab’s claim that its Neutron rocket will be ready for launch in time to meet a crucial contract deadline from the Space Force.
This week in space historyOn March 6, 2009, the Kepler space telescope lifted off from NASA’s Kennedy Space Center.
Adding usernames to a messaging app may seem like a standard feature, but for Signal, such identifiers were anathema to its mission of total privacy and security — until now.
The new feature sounds simple: you register a username and that appears instead of your phone number.
But why do this at all when everyone already has contact names, and Signal is totally private anyway?
That is not just happening in India, we’re seeing a number of jurisdictions where to obtain a phone number, you are required to provide more and more personal information.
But it replaces the phone number when you go to initiate contact.” (Signal does append numbers to chosen usernames to ensure they are unique.)
Instagram announced today that it’s rolling out the ability for users to edit their direct messages for up to 15 minutes after sending them.
The ability to edit your DMs lets you fix a typo or change things around if your message doesn’t quite sound right.
To edit a message, you need to press and hold it, and then then choose “edit” from the dropdown menu.
The feature works similar to Apple’s edit feature for iMessage, which launched nearly two years ago.
Instagram also recently started allowing all users to turn read receipts off, for all of their chats or specific ones.
