Nedbank, Jumo bet on AI lending for the underbanked

Nedbank, Jumo bet on AI lending for the underbanked

Mutsa Chironga, managing executive for personal banking at Nedbank Nedbank has partnered with fintech Jumo to launch a digital short-term lending product inside its Money App, the two companies said on Thursday, pitching the service at millions of South Africans underserved by traditional credit providers. The product, branded Nedbank Quick Loans, lets clients apply through…

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IBM doubles down on quantum computing with -billion bet

IBM doubles down on quantum computing with $10-billion bet

A quantum computer built by IBM IBM will invest more than US$10-billion in coming years in an effort to deliver the first large-scale fault-tolerant quantum computer by 2029, according to an SEC filing on Thursday. The investment will go towards R&D, capital expenditure, scaling manufacturing capabilities and acquisitions, the company known for building the Watson…

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Polymarket removes bet on rescue mission in Iran

Polymarket removes bet on rescue mission in Iran

Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. U.S. and Iranian military forces are searching for a missing American airman after its F-15E fighter jet was shot down over Iran on Friday. One crew member has been rescued,…

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Mr Price’s telecoms bet is paying off

Mr Price’s telecoms bet is paying off

Retailer Mr Price Group’s venture into telecommunications – which comprises mobile phone and accessory sales as well as the Mr Price Mobile MVNO offering – is paying off, with double-digit growth reported for the 26 weeks to end-September 2025. “The telecoms segment continued its trend of delivering double-digit sales growth of 12.4% to R678-million and…

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