TECH NEWS

Hammed Afenifere on the Local Context AI Compliance Can Miss

A business owner with more orders than the company can fulfill may see little reason to build a website. A financial institution overseas may still need information it can’t find. The same business can be familiar to its customers and difficult for a banking partner to assess.

Hammed Afenifere, co-founder and CEO of Oneremit, a cross-border payments startup, encountered that tension while speaking with a Nigerian business owner. The owner described about 30 years of trading, yet saw little commercial value in creating an online presence.

That encounter informs Afenifere’s work on AI-assisted compliance and credit assessment. His concern is that the information a financial system expects may differ from the records a business has reason to create, leaving meaningful activity out of view.

Credibility with customers is not the same as evidence for a bank

Afenifere initially encouraged the owner to create a website for exposure and credibility....

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BUSY Appoints Gyanendra Acharya as VP, People & Culture

BUSY, India’s leading accounting and GST compliance software provider for MSMEs, today announced the appointment of Gyanendra Acharya as Vice President, People and Culture. In this role, he will lead the company’s HR strategy, with a mandate to build people systems that can scale alongside the business as

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Ireland’s data watchdog has fined Google €403M over location data

Google has been fined €403M, or about $463M, by Ireland’s Data Protection Commission over the way it handled users’ location data, in a case brought after several European consumer groups complained. It found breaches of lawfulness and fairness in the location data processed through Web & App Activity and

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The ECB will invest in tokenised securities, and settle the trades on its own new rail

The European Central Bank is preparing to put some of its own money into tokenized securities, moving from building the plumbing for digital asset markets to buying in them. Settlement will occur in central bank money, routed through Pontes, the system the Eurosystem has built for trades running on distributed

Hackers use fake coding tests to infect 30,000 devices and steal $10 million in crypto

Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. Bottom line: North Korean cybercriminals are using fake job offers to infect the computers of technology workers, steal cryptocurrency and collect information that can be used in later attacks. Authorities in Australia, Germany, Japan

Credibility with customers is not the same as evidence for a bank

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BUSY Appoints Gyanendra Acharya as VP, People & Culture

Ireland’s data watchdog has fined Google €403M over location data

The ECB will invest in tokenised securities, and settle the trades on its own new rail

Hackers use fake coding tests to infect 30,000 devices and steal $10 million in crypto