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startups

(via Business Insider)

Every year, migrants send hundreds of billions of dollars worth of remittances back to friends and family in their home country. And there’s a massive industry that facilitates these payments — and has for more than a century. 

The legacy remittance industry has been long dominated by cash, which requires physical locations where customers can hand over or pick up money. Building out those retail networks is a huge investment. It’s left just a few players, called Money Transfer Operators (MTOs), controlling a bulk of the industry. 

BII Money Transfer Operator Market Share By ChannelBI Intelligence

But these companies’ comfortable… Continue reading

(via Business Insider)

Tracking Point Sniper Rifle

The Clearing House, an advocacy group owned by the world’s largest commercial banks, is gunning for payment startups.

The body said in a report seen by Business Insider that startups and tech companies playing in the payments space should be regulated like big Wall Street banks. 

The report, titled "Ensuring Consistent Consumer Protection for Data Security: Major Banks vs. Alternative Payment Providers," argues that payment startups collects and transmits roughly the same level of personal data and financial information as the banking industry but "avoids the reach of traditional financial regulators." … Continue reading

(via TechCrunch)

Two artificial intelligence faces facing one another. Language is a distinctly human trait. Or is it? A new wave of consumer-focused startups are now developing artificial intelligence programs that can mimic, adapt and interpret the complex semantic patterns that were previously unrecognizable to logical, mathematically driven machines. Read More

Complete story at source: TechCrunch
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(via Mashable)

Conference

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Information is so easily accessible nowadays, we have an endless library at our fingertips via the internet. The digital realm has allowed us to quench our burning questions — all without stepping out of the front door — and it’s constantly evolving to help us collaborate and connect across countries and continents.

As access to information and individuals becomes easier, does it still make sense for a lean startup to shell out the cash and physically attend a technology conference?

Simply put, yes.

Here are 5 reasons why:

1. Inspiration for innovation

Technical skills may be much revered… Continue reading

(via TechCrunch)

Screen Shot 2015-08-02 at 16.02.37 Startups start with talent, and the talent, as we all know, seems to get younger every year. But it wouldn’t happen if children themselves were not introduced to the word of technology and engineering early, and shown that it can be a fun, creative environment. For the last 6 years, a pioneer of this in the UK has been Young Rewired State, a non-profit founded by Emma Mulqueeny, which… Read More

Complete story at source: TechCrunch
http://techcrunch…

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