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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Prezent.ai secures $20M to gamify deck presentations

TechCrunch

When it comes to presentation creation, PowerPoint and Keynote remain the de facto tools by incumbent advantage. “Alternatives like management consulting and design agencies are expensive and inaccessible to the vast majority of business professionals.” Unlike Prezentium, Prezent.ai The “AI” in Prezent.ai

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Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

TechCrunch

While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. And our main product is transport management software for shippers enables multi-enterprise collaboration.

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New challenger Ikigai combines digital banking and wealth management

TechCrunch

Portfolios are built and managed by Ikigai in collaboration with asset manager BlackRock, and take into account both risk appetite and the nature of what users want to achieve. On banking competitors, Ikigai’s founders argue that existing incumbents and challengers both have “significant” failings.

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Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack

TechCrunch

It wants to build a platform that is a gateway to connecting the entire company to discuss finance in a more collaborative fashion. Moallemi says incumbents have a couple of key challenges that Mosaic hopes to overcome. So what is Mosaic trying to do to rebuild the CFO software stack?

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A court decision in favor of startup UpCodes may help shape open access to the law

TechCrunch

And in all those cases, big old incumbents like ICC will try to find ways to slow down their new competitors.” The brothers wanted to create a more efficient way to reference building codes, which are so complex that many architecture and building firms hire code consultants to help them navigate regulations.

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