Firm offers interactive social banking
Student banking startup Waspit has raised USD3min a funding round from a group of New York-based angels. The firm offers an interactive social banking platform for students, which combines social media integration with traditional banking features. The service allows students to access their accounts online using an Android or iOS app. The service launched this October and claims to have 5,500 students currently registered with 5,500 with another 16,000 on a waiting list to use the platform. Waspit will use its funding for sales, marketing and further product development.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
