10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say. Sources told Bloomberg and The New York Times that the all-stock deal could be announced as soon as Monday. A group of European digital advertising groups on Friday criticized Apple’s plans to require apps to seek additional permission from users before tracking them across other apps and websites. Apple last week disclosed features in its forthcoming operating system for iPhones and iPads that will require apps to show a pop-up screen before they enable a form of tracking commonly needed to show personalized… Read More

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6 tips on how to overcome the unique challenges of managing a fintech team

The fintech industry has grown immensely in the last few years, making up nearly half of all the venture capital invested in 2018. As a result of that investment and growth, regulations have been increasing, consumers are becoming dependent on fintech technologies and the fintech market, and fintech companies are maturing. But during this uncertain time, fintech companies must focus not only on establishing their name and securing funding, but also on sustaining their profitably and growth as much as possible. One key factor that determines company success above everything else is your team. I’ve found managing a fintech company… This story continues at The Next Web …read more Source::… Read More

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Here’s an exclusive look at the pitch deck robot startup BotsAndUs used to raise $2.5 million

UK-based robot startup BotsAndUs has raised £2 million ($2.5 million) from VC investors Kindred Capital and Capnamic Ventures. The company secured its first institutional funding round during coronavirus amid an increase in demand and enquiries for its services. “COVID-19 has pushed autonomous tech into spotlight and it’s ready to be deployed in these dynamic areas and we can benefit from it,” BotsAndUs CEO and cofounder Andrei Danescu told Business Insider in an interview. “People have snapped out of their uncertainty with covid and realised the potential of robots which has accelerated everything.” Visit Business Insider’s homepage for more stories. Robotic automation startup BotsAndUs is hoping that the reopening of public… Read More

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Latest fintech industry trends, technologies and research from our ecosystem report

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. In recent years, we’ve seen a ballooning of activity in fintech — an expansive term applied to technology-driven disruptions in financial services. And 2018 has been no different, with fintechs’ staggering influence on the market evidenced by record funding levels for the industry — by Q3 2018, overall funding was already up 82% from 2017’s total figure, according to CB Insights. Additionally, this year marked a watershed moment for the industry, with the once clear distinction between fintechs and financial services proper now blurred… Read More

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Amazon and Flipkart might have to give their source code to the Indian government

Online retailers such as Amazon and Walmart-owned Flipkart might have to hand over their site’s source code and core algorithms to the Indian government. According to a report by Bloomberg, a new draft ecommerce policy that seeks to bring competitiveness in the market, list this as a mandate. The draft bill also asks if companies are using “explainable AI” (XAI) — a type of AI that makes solutions and methods understandable for humans. The bill tackles the question of storing the data locally, but leaves it open by saying that after consultation the government “will define the categories of e-commerce that would… This story continues at The Next Web Or… Read More

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Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say

Uber is set to acquire food delivery startup Postmates in a $2.6 billion deal, The New York Times and Bloomberg reported on Sunday. Sources told Bloomberg and The Times that the all-stock deal could be announced as soon as Monday. Postmates was co-founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011 and has grown to include a fleet of over 500,000 members and 600,000 merchants across 50 states. Last month, Uber lost out to European food delivery service Just Eat Takeaway in a deal to buy US-based Grubhub for $7.3 billion. According to CNBC, Uber may have pulled out of the deal over antitrust concerns. Visit Business Insider’s… Read More

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