Goldman Sachs is making it easier to plug its services into other tech platforms like Amazon or Apple’s iPhone, and an industry consultant says it shows how the bank is leading a `fundamental change’ in retail banking.

  • Goldman Sachs is in talks with Amazon about providing small-business loans to merchants who sell products on Amazon’s retail platform, according to a person with knowledge of them. The talks were first reported by the Financial Times on Monday. 
  • The partnership would be the second inked by Goldman with a large technology firm that can provide the scale and distribution for Goldman’s products that it can’t get itself. 
  • The partnership, and another one with Apple, is an example of banking-as-a-service, though some insiders have taken to calling it Goldman Sachs-as-a-service. 
  • “If Goldman can pull off an embedded banking deal somewhere else besides Apple Pay … that’s a leading indicator of a fundamental change in retail banking,” according to independent consultant Richard Crone.

Goldman Sachs is close to inking a second high-profile deal to offer banking services in partnership with a large tech company, and it’s a sign of what may be a fundamental change in retail banking. 

Goldman is in talks with Amazon to offer small business loans to merchants who sell products on Amazon, according to a person with knowledge of the discussion. The Financial Times first reported the talks on Monday. Goldman’s small business loans may feature the bank’s name and begin as soon as March, the newspaper said. 

A spokesman for the bank declined to comment. 

If the deal is signed, it would become the second Big Tech partnership for Goldman Sachs after it launched a credit card last year with Apple last year. Goldman CEO David Solomon has called the Apple Card the most successful credit card launch of all time, without providing details to back up the claim. 

But it would also be a sign of something much more ambitious: Goldman Sachs moving quickly and aggressively to leverage those characteristics that make it uniquely a bank, with a license that allows it to offer banking products and a balance sheet where it can fund loans cheaply being just two prominent examples. 

The company has been sinking hundreds of millions of dollars into building out its technology capabilities, including APIs (application programming interfaces), to make it as easy and seamless to plug such services into the technology platforms of others, whether that’s Apple’s mobile devices, as with the Apple Card, or Amazon’s retail platform. 

At an investor day last week, execs referred to it as banking-as-a-service, but some insiders have taken to calling it Goldman Sachs-as-a-service. 

Stephanie Cohen, Goldman’s chief strategy officer, appeared on stage last week at the bank’s investor day alongside Marco Argenti, the co-chief information officer who recently joined the bank after several years as a senior exec at Amazon Web Services.

Cohen said the bank is looking for ways to use technology to embed the types of things that Goldman can do well, such as risk management, or loan underwriting.

Cohen cited the Apple Card, which is a Goldman-designed product delivered on Apple’s devices, as one such example. 

“That last capability is the consumer version of our platform strategy,” Cohen said. “It allows us to take products and services that we build for our own clients and then give it to other clients so that they can embed financial products into their ecosystem. This strategy will drive top-line growth, and it will create scale efficiencies.”

Goldman isn’t the only large bank that’s working with Big Tech companies. In November, Google announced a partnership with Citigroup to provide checking accounts to the tech firm’s customers. 

And yet, Goldman is probably doing it better than anyone because it has developed a suite of APIs that it can take off the shelf and plug into other platforms, according to Richard Crone, an independent consultant. 

“Goldman Sachs, when they write the history books, will be noted as the one who invented or perfected embedded banking, where you embed your financial services through the user interface, or at the edge, of someone else’s network,” Crone said. “If Goldman can get this right with Amazon, I would expect them to go to Facebook next or any other online platform of substance that provides them a large distribution channel.”

Goldman is leaning on many of the lessons it learned in its partnership with Apple, known as an incredibly demanding partner, Crone said. Most notably, the ability to offer instant issuance to a set of customers that have already been pre-validated, multi-factor authenticated, Know-Your-Customer credentialed by the large tech firms. 

“They already know the customer, but they have met the regulatory requirement in advance before they hand it over,” he said. 

The product will likely look similar to what small merchants are getting from Square Cash or PayPal Working Capital. 

Goldman has bigger ambitions. At last week’s investor day, the bank presented a slide that showed a product called Marcus Pay, which talked about point-of-sale solutions for merchants based on its digital consumer bank. 

This is just another example of how embedded banking is here to stay, which can be hard for a lot of bankers to understand because they want to service customers through their own app, Crone said.

But “no financial institution can reach the scale that’s required to compete electronically” with the large platforms if they only do it through their own app, he said.  

“If Goldman can pull off an embedded banking deal somewhere else besides Apple Pay, or if Citigroup can pull off Google Cache, that’s a leading indicator of a fundamental change in retail banking.”

See also: Goldman Sachs just unveiled hundreds of slides laying out the future of the company. Here are the 10 crucial slides that show how it plans to transform into a bank for everyone.

See also: Inside Goldman Sachs’ first investor day, where avocado toast and crab apples were served with tech talk, 3-year plans, and a surprising trading mea culpa

NOW WATCH: WeWork went from a $47 billion valuation to a failed IPO. Here’s how the company makes money.

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Nats double down on commitment to coal, Joyce rants against wind and solar | RenewEconomy

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If there were any questions over the National Party’s commitment to the coal sector after the loss of Matt Canavan from the resources portfolio, they were quickly answered by new deputy leader David Littleproud who reasserted his party’s commitment to a new coal generator in Queensland on his first day in the job.

In an interview with ABC’s RN Breakfast program on Wednesday, Littleproud trotted out the three consistent assertions of the coal lobby; that you can reduce emissions using more coal, that more coal generation is necessary to lower electricity prices and that baseload power is a necessary feature of the future energy system.

Each of these three assertions have been repeatedly debunked, but it confirms that it’s business as usual in a Morrison cabinet that will continue to face internal divisions over a need to act on climate change and the fossil fuel advocates within its ranks.

It is understood that Queensland Nationals MP Keith Pitt is the front runner to take over Canavan’s former positions as the minister for resources and Northern Australia when new ministerial appointments are announced by Prime Minister Scott Morrison on Thursday.

Pitt himself has been an outspoken advocate for a new coal-fired power station in Queensland, so while Canavan – who liked to describe himself as “Mr Coal” – has exited the federal cabinet, the pressure to push forward with the Collinsville project is likely to continue.

Pitt has also been a strong supporter of a nuclear industry in Australia, and will have the backing of failed Nationals leadership candidate Barnaby Joyce, who again argued for nuclear power to be considered as part of Australia’s efforts to reduce emissions as part of a bizarre Facebook rant against renewable energy.

“We have to recognise that the public acceptance of wind towers on the hill in front of their veranda is gone, and the public dissonance on that issue is as strong as any other environmental subject,” Joyce said.

“If zero emissions are the goal then surely nuclear energy should be supported, but it is not. If wind towers are a moral good and environmentally inoffensive, why can’t we have them just off the beach at Bondi so we can feel good about ourselves while going for a surf? It would cause a riot.”

“Do you want a 3,000ha solar farm next door to you? Lots of glass and aluminium neatly in rows pointing at the sun. I am not sure others will want to buy that view off you when you go to sell your house.”

The coal industry might have lost its most enthusiastic advocate from the federal cabinet, but the Nationals were quick to show that it won’t lead to any changes on the party’s energy and climate change policies.

In his interview, Littleproud, who is also tipped to take on the now vacant agriculture portfolio, told the ABC that investments in new coal generators would help lower emissions and lower electricity prices.

“You need to make sure that you create an environment in the marketplace with a mix of renewables and coal-fired power stations, and if you can improve the emissions of coal fired power stations, you should make that investment if it means that we hit our targets and we reduce energy prices,” Littleproud claimed.

It has been well established for some time that the cheapest source of new electricity generation capacity are renewable sources like wind and solar.

A recent update to the CSIRO’s GenCost assessment of the costs of different generation technologies re-confirmed that new wind and solar are, by far, the cheapest sources of electricity generation. Even when additional storage is accounted for, prices of firmed renewables are competitive with fossil fuel generators when the costs of carbon emissions are considered.

Renewables are already helping to drive down electricity prices.

This week, the ACT, which has recently achieved its 100 per cent renewable electricity target, is also set to see an almost 7 per cent fall in its electricity prices this year, as the territory’s investments in wind and solar projects have helped deliver lower electricity prices for Canberra households, ensuring they continue to pay some of Australia’s lowest electricity prices.

But this also didn’t stop Littleproud asserting that it is possible to achieve reductions in greenhouse gas emissions while still embracing coal.

“You can invest in clean coal technology in and reduce emissions,” Littleproud said.

“I’m not disputing the science, what I’m saying is I’m not gifted academically to have that science background myself.” – @D_LittleproudMP when asked about his recent statement that he didn’t know if climate change was man made. #abc730 @leighsales #auspol pic.twitter.com/sFh44eNP2a

— abc730 (@abc730) February 4, 2020

Again, there are fundamental limits to how much emissions from coal-fired power stations can be improved. Even with a complete transition to the Coalition’s favoured high-efficiency low-emissions (HELE) coal power station technologies, the most generous estimates put the amount of emissions reductions at 20 per cent.

In his review of the National Electricity Market, chief scientist Dr Alan Finkel compared the emissions intensity of different generation technologies, showing that the HELE coal-fired power stations promoted by the Nationals will still produce 0.7 tonnes of carbon dioxide equivalent for each megawatt-hour of electricity produced, and is only slightly below the NEM’s current average emissions intensity.

When the science, and the international commitments made under the Paris Agreement, are calling for governments to achieve zero net emissions by 2050, a 20 per cent cut in coal power station emissions is going to be grossly insufficient.

It’s a position that leaves the Nationals at odds with science, but also the business community which is undergoing an accelerating exit from the coal industry. This includes BlackRock, which manages USD$7 trillion (A$10.15 trillion) in investments, which announced in January that it was divesting its portfolios from thermal coal companies.

Littleproud argued for the need for “baseload” power, suggesting that coal-fired power stations are necessary, as Australia currently lacks sufficient levels of battery storage.

“We’ve still got to have baseload, the thing is that we don’t have battery storage to the capacity that we need to be able to keep the lights on,” Littleproud said.

With the emergence of new energy management technologies, a growing market for energy storage that is outpacing growth in coal generation in Australia, demand response platforms and the falling prices of renewables, the concept of baseload is quickly becoming outdated.

With system planners recognising the crucial role that a ‘flexible’ energy system will have into the future, pushing new inflexible baseload power stations, like a new coal generator, into the energy system will only be counterproductive.

Chair of the Energy Security Board, which has been tasked with redesigning Australia’s energy market in response to the widescale transformation underway in the energy sector, labelled Australia’s existing “baseload” generators as “dinosaurs”, singling out coal-fired generators Bayswater and Liddell saying that their inflexibility made them poorly suited to a future energy system.

There has been a surge of installations of large-scale battery storage systems, and new investments continue to be made in deploying storage projects, while coal-fired generators are readying to exit the market.

The renewed push from the Nationals for a new coal generator appears to have been bolstered by the findings of a $10 million feasibility study into a potential new coal-fired power station in Collinsville. The feasibility study was funded as part of the government’s Underwriting New Generation Investments initiative and has yet to be released publicly.

“Collinsville, there’s a there’s now a report that’s come back to say that that business case should advance and then obviously, that will be backed by the economics of it,” Littleproud told ABC’s RN Breakfast.

The saga of the Collinsville power station has been a source of tension within the Coalition party room. Outgoing resources minister Matt Canavan had been desperate to get the project off the ground, and confronted prime minister Scott Morrison when he thought progress on the proposal was progressing too slowly.

Those tensions continue to play out in the party room, with a fiery confrontation occurring during the first coalition party room meeting of the year, and after a summer dominated by bushfires and calls for stronger climate action.

Several Nationals members shouted down calls from moderate Liberal MPs, who called for the Morrison government to demonstrate that it was taking climate change seriously.

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In the ground and off the page: why we’re banning ads from fossil fuels extractors | Membership | The Guardian

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In a bid to reduce our carbon footprint, confront greenwashing and increase our focus on the climate crisis, the Guardian this week announced it will no longer run ads from fossil fuel extractors alongside any of its content in print or online. The move will come into immediate effect, and follows the announcement in October last year that we intend to reduce our net emissions to zero by 2030.

Once upon a time, a newspaper was a rather straightforward business. You generated enough material of interest to attract a significant number of readers. You then ‘sold’ those readers to advertisers happy to pay to get their ideas, products or brands in front of consumers with cash to spend.

Of course, digital disruption over the past 20 years has upended that model, but advertising remains an important part of the media business ecosystem. At the Guardian, it is still responsible for about two-fifths of our income.

But what happens when the readers don’t like the adverts? What do you do when the message that advertisers want to spread jars awkwardly with the work your journalists are doing?

What if your journalists are some of the best in the world at revealing and investigating the deepening climate catastrophe and the disaster that is fossil fuel growth, while some of your advertisers are the very people digging the stuff out of the ground?

This contradiction has bothered us – and some of you – for some time. We came up with a rather bold answer this week: turn away the money and double down on the journalism.

“It’s something we thought about for a long time,” says Anna Bateson, the interim chief executive officer of Guardian Media Group, the Guardian’s parent company. “We always felt it was in line with our editorial values but were cautious for commercial reasons.”

She said it was the logical next step after the Guardian committed last year to becoming carbon neutral by 2030 and was certified as a B Corp – a company that puts purpose before profit. But she added that the move had to be weighed carefully, given the fact that the Guardian only recently returned to breakeven after years in the red.

“You have to be careful you are not making cavalier decisions,” she said. “ We are still having to fight for our financial future. But because of the support we get from our readers, it is less of a risk.”

On the advertising side of our business, Adam Foley said there were no complaints at all that potential customers were suddenly off-limits, adding that staff felt that “being part of a company that shares their values” was the biggest motivation for his teams.

“A statement like this reaffirms to all of us that we’re contributing to a business that really lives those values – to the extent where it is prepared to sacrifice profit for purpose.”

The response from the wider world has been a pleasant surprise. Hundreds of you have written in, pledging your support, and in some cases, one-off contributions to start making up the shortfall. (EDS: See below – I’m going to append the best responses below. In print you can use as the panel)

The environmental movement was instantly appreciative, with activists quickly urging our peers to follow suit. “The Guardian will no longer accept advertising from oil and gas companies,” Greta Thunberg tweeted. “A good start, who will take this further?” Greenpeace called it “a huge moment in the battle against oil and gas for all of us.”

Some readers have been calling for the Guardian to go the whole hog and forsake advertising from any company with a substantial carbon footprint. Bateson said that was not realistic, adding that such a move would result in less money for journalism. She said the fossil fuel extractors were specifically targeted because of their efforts to skew the climate change debate through their lobbying effort.

“We are committed to advertising,” she said. “It will continue to be part of our future. We want advertisers who want to be appear alongside our high quality journalism.”

And how will we know if this has worked?
“We will listen to our readers, we will listen to our advertisers. The response so far has been gratifying. If we continue to hear positive noises from our readers and supporters, then it will have been a success.”




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Responses from our supporters

That is such a brilliant decision and it will be tough, but it is the correct one and I am very proud of The Guardian. Barbara Syer

Following the Guardian’s decision to ban ads from fossil fuel companies I’m making a monthly contribution to support its fearless journalism: reader support is essential for independent scrutiny of the powerful in business, finance and politics. Titus Alexander, Hertfordshire, England

I live at present in Canada, home to the Alberta Tar Sands: another name for ecological devastation resulting from fossil fuel extraction. I fully support The Guardian’s action in ceasing to be a vehicle for advertising by fossil fuel extractive companies, and I’m proud to be a supporter. My monthly donation is small, but when I can I will make it much greater. Rosemary Delnavine, Canada

Congratulations. At this time it may be a bold step, indeed, within this industry, but true leaders have to take bold steps for the betterment of the quality of life, and more importantly for the life of future generations. I applaud this decision, and will spread the word. Raphael Sulkovitz, Boston MA

What a bravery! This is what the life on earth needs, thank you. Karri Kuikka, Finland (EDS: please leave her wonderful Finglish intact!)

Keep it up. Here in Canada, we’re still trying to have it both ways — sell the product internationally but discourage buying domestically. As I recall, it was the same with tobacco. Eventually, it took a change in public opinion to solve the problem. As a news source, your efforts are part of this solution. Robert Shotton, Ottawa

I applaud your decision to”walk the talk.” I will therefore continue to contribute to The Guardian. Bob Wagenseil

Bravo yr decision to eschew $ from the FFI. Please do continue to hold to the fire(s) the feet of the deniers and the willfully ignorant. Sydney Alonso, Vermont, US

I am very happy to hear that good news. It’s quite courageous on your part, and I’m happy to support you! Have a great year ahead, you’ll have my continuous support! Julien Psomas

I completely support your plan to refuse ads from fossils, despite the
financial hit to the Guardian. I have made a donation to help out. David Thompson

A very commendable decision, very much in keeping with the Guardian’s position as leader of green issues to leave a better planet for following generations. Richard Vernon, Oxford

Yay! I’m so proud of the Guardian! We can no longer support or fund in any manner the fossil fuel industry if we have any chance of survival as a civilization on this planet. You’ve taken a courageous and moral step that will hopefully embolden others to join you. Good on you! Best, Carol Ross, Missouri, US

Good decision. I’ll support you as much as I can, which unfortunately is not much as I live on age pension only. Keep up the good work, we need it desperately! Ursula Brandt, South Australia

I am absolutely delighted by this decision. So many people pledge to do something about Climate Change, but few actually are willing to get uncomfortable and DO it. I am very proud of you as my favourite source of Information and this only makes a case for me to donate next time to you again. Christiane Gross

It was great reading what The Guardian is doing re the climate. As a Guardian on-line reader from The Netherlands I’m going to contribute monthly now instead of ‘now and again’. The amount will be relatively small as I do not have a great income. I really hope more of your supporters will do so, because it is really great what you are doing.
With kind regards, Aleida Oostendorp, Netherlands

I congratulate you and your team on taking this step regarding fossil fuel companies. The Guardian’s stance on the environment and its excellent coverage of related stories and events is the major reason for my support. Well done, and good luck in the future. Deirdre Moore

Love your new policy about accepting money from fossil fuels. Will contribute more to help make up for the shortfall. Todd Misk

I live on a fixed income with a strict budget so my continuing support of your excellent news organisation represents my commitment to the fight to address climate change. Every step counts. Barbara Hirsch, Texas, US

Only when we speak truth to power can change take place. thank yo for your courageous and expensive decision. Nancy Shepherd, Vermont, US

Love your journalism, especially your investigative work and the climate change topic. And with the bold statement about not receiving any more sponsorship from the fossil extracting companies? Well, the already great newspapers became even more impressive now. Keep up the good work. Miroslav Řezníček, Czech Republic

Thank you for taking the bold step of refusing advertising from fossil fuel extractive companies. I think it is the right thing to do & hope many more companies do the same. We must all work together if we want to save our planet. It is one of the most important issues of our times. Ginger Comstock, New York, US

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Nollywood Actor Mike Ezuruonye Ungergoes Surgery Following Strange Growth Spurt In His Eye

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Nollywood actor Mike Ezuruonye has revealed he recently underwent surgery on his eye.

Mike says he spent eight hours in surgery following a strange growth spurt around his eye.

The fair-skinned actor made this known via a post on his Instagram page on Friday, January 24, 2020, where he shared a photo of himself on the operation table and thanked God for the successful surgery. Mike then opened up about the cause of the growth.

According to him, the mass in his eye formed as a result of the overbearing amount of harsh light rays his eyes were exposed to in the years he spent shooting movies. The movie star also said he was scared of going under the knife.

He wrote:

“Forgive being Reluctant but just had to share…Many don’t know what we go through in the course of our work (FILM MAKING). Had a growth encroaching the pupil of both eyes cos of overexposure to HARSH movie Production LIGHTS over the Years…(Heard looking into your PHONE/COMPUTER for too long also puts one in Danger)…Advised to get Surgery done, I was Scared.”

We wish him speedy recovery. 

See his post below:

View this post on Instagram

Forgive being Reluctant but just had to share..Many don’t know what we go through in the course of our work (FILM MAKING)..Had a growth encroaching the pupil of both eyes cos of over exposure to HARSH movie Production LIGHTS over the Years…(Heard looking into your PHONE/COMPUTER for too long also puts one in Danger)..Advised to get Surgery done,I was Scared…After Surgery, for over 8 hrs ,i was without sight as my eyes were Demanded Tightly Closed,Tightly Shut by the Ophthalmologist Team of Doctors..Hmnnn..These Made me Appreciate more the GIFT of Sight GOD gave me…Goshhhh that I can never ever take for Granted..Scary experience…But GOD is always Faithful..Glad Surgery was SUCCESSFUL and i will be back real soon to my work and Passion…Thanks to my FANS and TRUE SUPPORTERS..(NOTE Pls :Dont adhere to any IMPOSTOR who would want to take advantage to defraud anyone of his or her money…Pls I am Fine and Healing) I love you all always..God Bless

A post shared by Mike Ezuruonye (@mikeezu) on

Photo Credit: Instagram

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Apostle Who Predicted Pastor Adeboye’s Death Reveals Fresh Prophecy On Buhari

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President Muhammadu Buhari

Apostle Paul Okikijesu of the Christ Apostolic Miracle Ministry has revealed what God told him about President Muhammadu Buhari.

In a series of 2020 prophecy he released to DAILY POST on Saturday, he said God has asked Buhari not to rely solely on his wisdom.

He said Buhari must have a meeting with religious leaders, including his religious advisers in order for his government to be meaningful.

He said, “Thus says the Lord: Tell the President of this country to seek advice from those that I established as my ambassador and representatives that are telling the truth, and not the gluttons.

“The gluttons did not allow Buhari to listen to the truth and he did not count Christianity as something valuable, because the acts/behaviors of Christian leaders are different from what he thought.

“He should think deeply concerning his administration because the messages which I sent to him, he carried out some of my instructions and left the rest, that was the reason that his tenure was in this precarious state.

“Send these messages to him the third time that I want the fear of I the Lord in the heart of this man, and he should not see himself as the president. He should realize that God alone is the President of the world.

“Thus says the Lord: I have sent these messages to him in the past to give these three arms of the government the power to work effectively.

“These arms of the government are the executive, the judiciary and the law enforcement.

“This judicial arm includes the human rights advocates and I instructed him to give them free hand to operate; these are the things which I requested from him, and this is what can make his regime to be meaningful.

“I send this message to him the second time that he should invite the ex-presidents, and he must not commonize anyone if he wants his government to be peaceful.

“According to My previous messages, he complied partly but not fully. I instructed him to invite and have meeting with the banking sector, stock exchange sector, the oil and gas sector and the foreign exchange sector for the growth of the nation.

“He should then present the outcome of the meetings to the spiritual people for advice.

Thus says the Lord; remember that those I installed as rulers during the ancient period did not use only their wisdom, but they asked for direction from I the Lord.

“It is when he calls these people that his regime will be meaningful and he will have a successful tenure. If he uses power to do things, some people will be sabotaging his government.

“The executive that I said are the ex-presidents, he should call them and have meeting with them; then get the opinions/advice of the people in his administration separately.

“It is the wisdom derived from these meetings that will cause growth/development in Nigeria. He must have meeting with the business community including the expatriates, these are the steps that will make the economy of Nigeria to rise and grow.

“He should have meeting with ex-ministers, ex-senators, ex-presidents, and ex-governors, the outcome of the meeting will have positive effect on the economy and restore the economy to a buoyant position.

“He should have a meeting with judicial personnel, including the attorney general to find way that will make the law of the country to be effective.

“If Buhari can take these steps and have meeting with religious leaders, including his religious advisers, his government will be meaningful for good.

“Thus says the Lord; Buhari should have meeting with ex-party leaders and the current party leaders concerning the issues of Nigeria and how she can progress.

“These steps are the things that can make him to be successful and prolong his life, so that I will halt the judgment hand that I intend to use in year 2020.”

In his last prophecy, Okikijesu had declared that God told him that Pastor Enoch Adeboye of the Redeemed Christian Church of God, RCCG; Pastor W.F Kumuyi of Deeper Life Bible Church and Bishop Oyedepo of the Living Faith Church, will die soon and would not make heaven. 

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Facebook Accelerator Startups in Nigeria raises over $500,000 in investments – The Eagle Online

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Startups participating in the second season of the Facebook Accelerator Programme have recorded significant achievements, including raising over $500,000 in committed investments and grants in just three months (halfway through the programme).
Within the same period, they have also made significant product pivots, sealed key partnerships and made progress towards creating unique products with world-class business processes.
These results were recently revealed by Facebook and CcHUB, following its 2019 programmes and training, which took place to support and empower students and entrepreneurs to build locally relevant solutions using advanced technologies at NG_Hub, Facebook’s flagship Community Hub space in partnership with CcHUB.
So far in the programme, the startups have been introduced to multiple venture capitalists and corporate executives and also matched with advisors within the CcHUB Global Advisory network.
These advisors include c-suite executives and experts from companies like Dell, Oracle, IHS Towers, Stanbic IBTC, Cellulant, Old Mutual, Axa Mansard, among others.
Six of the startups contributed to the $500,000 total raised so far, with highlights including:
Chekkit, the only African company to be accepted into a global accelerator, cementing a key partnership for their organisation. They also sealed a partnership with the Fantom foundation for their blockchain product and received a grant from Umdasch Challenge at World Summit Awards 2020.
Haulr emerged second place in the recently concluded Zenith Bank’s hackathon securing N6 million.
Simbi interactives sealed key partnerships and have so far received $35,000+ in investments and grants.
Student team, Vinsighte has completed its prototype that reads books to the visually impaired using computer vision.
AirSynq, completed its balloon satellite prototype and has enterprise clients on the waiting list for its product launch in February.
Gradely launched the beta version of its product, and received its first set of customers, whilst increasing the number of schools they are present in by 200 per cent.
These startups and many more will be showcasing their products and solutions aimed at tackling problems across multiple sectors to corporate executives, multinationals and other potential partners during the annual Facebook Accelerator Programme Innovation Showcase week in February 2020.
Speaking on the development, Adaora Ikenze, Head of Public Policy for Anglophone West Africa at Facebook, said: “The numbers speak for themselves, and further reinforces that the work and investments we are undertaking here in Nigeria are having real impact. At Facebook, we are passionate about helping developers and entrepreneurs to grow. We believe in empowering small businesses through our platforms to help more people launch and grow their businesses, which translates to real impact for their communities and local economies.”
Also speaking, Bosun Tijani, Chief Executive Officer, CcHUB, said: “This is yet another extremely brilliant cohort of startups from the Facebook acceleration programme which we are deeply proud of. This goes to further highlight the readiness of innovators across Africa to leapfrog development on the continent with technological innovation. We are delighted to be part of this journey with Facebook in its desire to inspire African entrepreneurs to be among the best in the world.”
With three months remaining, the cohort of season two of the Facebook Accelerator Programme will be undertaking workshop sessions, faculty one-on-ones, growth planning, Industry Advisor Sessions and mock pitches, rounded off with a demo day in April, the end of the programme.
For more information on the Facebook Accelerator Programme Innovation Showcase, visit www.bit.ly/isw-2020.

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Facebook Appoints Derya Matraş as Regional Director For Africa

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Social media giant, Facebook has appointed Derya Matraş as its Regional Director for the Africa, Middle East and Turkey.

This new appointment comes quite early in 2020 and according to Facebook, Derya will be charged with leading the platform to serve Facebook’s businesses and communities in the region.

@Facebook Middle East has just appointed their new Regional Director, Derya Matras. https://t.co/WYYL0Gjh8E

— CommunicateOnline (@CommunicateME)

This is because the regions, Middle East, Africa and Turkey, are an important market for Facebook and it is important that the company’s impact on the region increases.

The fast-growing Middle East, Africa and Turkey region is an important market for Facebook. Derya’s wealth of experience in emerging markets and her pioneering spirit will help us further drive impact and value in this uniquely diverse region, while maintaining our mission of bringing people together and building communities.

Derya holds a BsC in Electronics Engineering from Bogazici University, Instanbul, Turkey as well as an MBA from Columbia Business School. Prior to this recent appointment, Derya was the Country Director for Facebook in Turkey charged with the role of driving growth for brands, agencies and the digital ecosystem.

Facebook Appoints Derya Matraş as Regional Director For Africa, Middle East and Turkey
Derya Matraş, the New Regional Director for Facebook

Before Facebook, she has worked in executive roles at various companies. One of them is McKinsey and Company where she served as an management consultant. She was also vice president of the largest media conglomerate in Turkey, Dogan Media Group.

She’s expected to bring her wealth of experience to her new role as Regional Director where she will lead the company’s charge to grow its economic and social impact across the regions.

Speaking on her appointment, Derya Matraş reiterated Facebook’s commitment to supporting the millions of businesses in the region that rely on its services.

“As a woman leader, I am very proud to be appointed to this region where diversity is of crucial importance, and I am looking forward to continuing to drive our significant economic and social value contribution,” she says.

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Simi showers encomium on Adekunle Gold as they celebrate wedding anniversary

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Simi has taken to Instagram to shower encomium on Adekunle Gold, as the celebrity couple are celebrating their wedding anniversary.

Earlier today, Adekunle Gold took to social media to celebrate his wife, and she has also done the same to share a lengthy post on her Instagram page to celebrate their special day.

See what she wrote below;

Pretty baby. The very thing that you mean to me, I doubt you’ll ever fully understand. I don’t like to share our best moments, because they belong to us – so people might never even know the level of your special. It’s a really high level that is higher than other levels. No one is more in sync with me than you.

I love how you’re mindful of me. Nothing’s perfect. Not even with your Ikotun background 🤦🏾‍♀️ – but I love how you deliberately want to be better. You will see something inside film and ask me at 2am how you can be a better man for me. Lol. So cute a man.

Before we said I do, 95% of the advice I got was “Endure”. I was stumped cos I’ve never been able to relate. Endure? Forever and ever? Like till the end of your days? Lol. Quite rubbish. Thank you for never ever being someone I’ve ever had to endure.

Don’t like it much when people “couplegoals” us – cos as far as I’m concerned, we, i.e me and you, are on a personal journey. Our ups our downs (Olorun o ni je ka rogun down), our growth, our learning and unlearning, our Love (aww) is our story. Everyone’s standard should be their best self. Thank you for being someone that makes me want to be my best self.

Moruf, thank you for Year One. They said it’s normally hard. Again, I can’t relate because I loved it. I love you. I pray year two is even better by God’s infinite mercy and grace and love. I thank God for standing with us and giving us sense. And I thank you for being a man that makes loving you worth it.

My beautiful dreamboat. My fellow feminist boyfriend. My husband. Ife mi. Onitemi. The love of my life. I will continue to eat your work in the eye of carton. 🥂 to all the forevers we will spend together.

PS: Year two is one or two sentences. I have what I’m doing❤️.
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PPS: Everyone, please whatever chance you get today, say a prayer for us. I love those 💙

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Simi’s Pens Sweet Words To Adekunle Gold On Ther First Wedding Anniversary

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Simi and Adekunle Gold
Simi and Adekunle Gold

Nigerian singer Simi has gotten many in their feelings with her wedding anniversary message to her husband, Adekunle Gold.

The ‘Joromi crooner took to her Instagram page to share a beautiful photo from their wedding and penned a beautiful lengthy piece for her man which reads thus;l

Read also: ‘It’s 2020, I Still Don’t Like Stupid People’: Simi

”Pretty baby. The very thing that you mean to me, I doubt you’ll ever fully understand. I don’t like to share our best moments, because they belong to us – so people might never even know the level of your special. It’s a really high level that is higher than other levels. No one is more in sync with me than you.

“I love how you’re mindful of me. Nothing’s perfect. Not even with your Ikotun background 🤦🏾‍♀️ – but I love how you deliberately want to be better. You will see something inside film and ask me at 2am how you can be a better man for me. Lol. So cute a man.

“Before we said I do, 95% of the advice I got was “Endure”. I was stumped cos I’ve never been able to relate. Endure? Forever and ever? Like till the end of your days? Lol. Quite rubbish. Thank you for never ever being someone I’ve ever had to endure.

“Don’t like it much when people “couplegoals” us – cos as far as I’m concerned, we, i.e me and you, are on a personal journey. Our ups our downs (Olorun o ni je ka rogun down), our growth, our learning and unlearning, our Love (aww) is our story. Everyone’s standard should be their best self. Thank you for being someone that makes me want to be my best self.

“Moruf, thank you for Year One. They said it’s normally hard. Again, I can’t relate because I loved it. I love you. I pray year two is even better by God’s infinite mercy and grace and love. I thank God for standing with us and giving us sense. And I thank you for being a man that makes loving you worth it.”

“My beautiful dreamboat. My fellow feminist boyfriend. My husband. Ife mi. Onitemi. The love of my life. I will continue to eat your work in the eye of carton. 🥂 to all the forevers we will spend together.”

PS: Year two is one or two sentences. I have what I’m doing❤.
.
PPS: Everyone, please whatever chance you get today, say a prayer for us. I love those 💙

The post Simi’s Pens Sweet Words To Adekunle Gold On Ther First Wedding Anniversary appeared first on Information Nigeria.

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Brazilian comedy group hit by Molotov cocktails after film on ‘gay Jesus’

Molotov cocktails were thrown at the headquarters of Brazilian comedy group Porta dos Fundos in Rio de Janeiro on Christmas Eve, weeks after the group launched a film on Netflix depicting Jesus as gay.

The group’s Christmas special, “The First Temptation of Christ,” a 46-minute comedy that portrays Jesus bringing home his presumed boyfriend Orlando to meet the Holy Family, prompted around 2 million people to sign a petition calling on the streaming service to remove the show because it offended Christians.

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The sketch group said a security guard managed to contain the fire at its headquarters and no one was hurt.

State police in Rio did not immediately respond to a request for comments. Netflix declined to comment.

“In the early morning of December 24, on Christmas Eve, the headquarters of Porta dos Fundos was the victim of an attack. Molotov cocktails were thrown at our building,” the comedy group, which won an International Emmy for its holiday special last year, said on Twitter.

“We will move on, more united, stronger, more inspired and confident that the country will survive this storm of hatred and love will prevail alongside freedom of speech,” the comedians said, adding that video footage from security cameras had been handed to the authorities.

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Brazil is home to the world’s largest Catholic community as well as a fast-expanding evangelical community with increasing political influence.

President Jair Bolsonaro, who has described himself as a “proud” homophobe, once told an interviewer he would rather have a dead son than a gay son. Earlier this year he suspended funding for a series of films, including a handful with LGBT+ themes. The decision was later struck down by a federal court.

His son, Eduardo Bolsonaro, recently called Porta dos Funds’ Christmas special “garbage” on his Twitter account, saying the filmmakers “do not represent Brazilian society.”

Source: Reuters

The post Brazilian comedy group hit by Molotov cocktails after film on ‘gay Jesus’ appeared first on Vanguard News.

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