TikTok's $379 milllion hiccup

For not protecting kids' data                                                                                                                                                                                                                                                                                                                                                                                                                 September 18, 2023 | [Read Online]( For not protecting kids' data In partnership with Share this newsletter: //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zp/yPTk999QR8WyiT6ZmSjN4g/h2/7_jwM_nOWiIVWO8xUIlYOpncEO9IDxN2W4vlfdnSi68 [Lire en Français]( [اقرأ هذا باللغة العربية]( Good morning! Someone quit his job over the weekend. Nigeria's central bank governor, Godwin Emefiele, has [resigned]( from his job at the apex bank. Yemi Cardoso, a man who could have been vice president of Nigeria in 2015, has been nominated to take Emefiele's place. Here is [all you need to know]( about him. In today's edition - Tiktok to pay $379 million fine - MPESA to integrate Apple Pay soon - Fact-checking African elections with AI - The World Wide Web3 - Event: Moonshot Conference - Job opportuinities Social Media //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zp/yPTk999QR8WyiT6ZmSjN4g/h9/e2doONwrR_7CHztoSMmwu0dOx8RgWw5A_3mfmy47tjw Tiktok to pay $379 million fine [lady looking shocked thinking about euros](Image source: Zikoko Memes TikTok, the popular video-sharing platform, has been [fined $379 million]( for not protecting children's data according to the strict requirements of the European Union's General Data Protection Regulation (GDPR). But that's not all—TikTok has been given three months to revamp its data processing practices and make sure that they meet the GDPR standards. ICYMI: Concerns about privacy and child safety on social media platforms have been ringing alarm bells both within the public and among regulators. Notably, the UK's Information Commissioner's Office previously slapped TikTok with [a $15.7 million fine]( for mishandling children's data. Months ago, Meta-owned Instagram was also[fined $431.9 million]( for data protection violations involving children. How did TikTok fall short? One of the risky things found out about TikTok was that TikTok allowed child accounts to be “paired” with unverified non-child users through the “Family Pairing” feature, without confirming whether the user was indeed the child’s parent or guardian. Another thing is the default account settings allowed anyone, both within and outside TikTok, to view content posted by underage users. TikTok failed to implement adequate technical and organizational measures to address this. Zoom out: The investigation didn't reveal any breaches in TikTok's age verification methods, a topic that had sparked disagreements with various regional regulators in the past.However, that and the ardent protective measures for young users of social media platforma continue to be an issue of concern globally. Get a working card from Moniepoint With the Moniepoint personal banking app, you get reliable payments every time and a card that always works. Enjoy seamless payments powered by the infrastructure that 1.5 million businesses trust. [Download the app](. Fintech //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zp/yPTk999QR8WyiT6ZmSjN4g/h18/VIOOeiVnlgZayFqArgwEgVlrYBz-QERS1Wujag53roc MPESA to integrate Apple Pay [flutterwave founder ](Image source: Zikoko Memes Kenyan mobile money provider Safaricom is working on a partnership with Apple Inc. to integrate MPESA. Soon, users will have a shiny new option to send and receive funds across the globe. ICYMI:Back in 2018, M-Pesa executed [a similar move]( by integrating with the American payment platform PayPal, enabling customers to deposit funds from M-PESA into the American payment system. Likewise, users had the option to transfer funds from PayPal into their M-PESA accounts. So when will Apple Pay happen? As of now, there are no specific details available regarding the current state of development. Interestingly, it was the Kenyan president who [disclosed]( this upcoming partnership during his address at the ongoing US-African Business Roundtable just last week. Zoom out: While the news of Safaricom's partnership with Apple Inc. is undoubtedly exciting, it's essential to recognize that other forward-thinking payment providers like [Nala](had already embraced the international payment system months before. Recently, Nigeria-based payment processor Interswitch made headlines by [announcing]( its integration with Apple Pay competitor Google Pay. Amplify your startup growth Be Bold. Be Heard. Be Funded. Pitch your startup on a global stage at this year’s MEST Africa Challenge to unlock the next stage of your startup’s growth. Apply by 9th October 2023. [Apply today!]( #MAC2023 #UnlockYourPotential TC Insights //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zp/yPTk999QR8WyiT6ZmSjN4g/h28/BDdVhCUIJoUNIvorJZJk_-6fRAzSRH7KpHCiykB5LB8 Fact-checking African elections with AI As of 2022, there were [384 million social media users]( in Africa, making social media an easy way to access news and information for Africans. Yet this comes with its risks. The easy accessibility of information means fake news can spread widely, making it hard for internet users to trust what they consume online. According to a [survey]( conducted by The University of Sheffield, almost half of African media consumers are increasingly exposed to misinformation every day. With multiple [elections]( scheduled to be held across different African countries, there has been an [increase in fake news]( across diverse social media platforms. While fact-checking plays a key role in fixing this, there are [not enough human fact-checkers]( on the continent to keep pace with serving the public with verified claims, given the massive and high-speed flow of political misinformation during elections. [Funding Tracker week 37](Image Source: TC Insights Automated fact-checking (AFC) could help reduce the spread of online misinformation with tools driven by artificial intelligence like Storyzy, Emergent, Full Fact, Twitter Trails, Lazy Truth, ClaimReview, Factstream, etc. With a [growing use]( around the world, adopting them can assist local fact-checkers in the processes of identifying or verifying fake news and information in real-time, and retrieving relevant evidence to debunk misleading claims as they arise. [Abideen Olasupo](, the founder of Nigeria-based [FactCheckElections](, believes the adoption of automated fact-checking in tackling election misinformation is still in its early stages in Africa, as there is a long way to go before the approach becomes widespread. "One challenge is the limited access to technology and the internet in many African countries, which makes it difficult to reach a wide audience with fact-checking information," he told TechCabal. "Another is the limited funding for fact-checking platforms, which can make it difficult for them to scale their operations." Meanwhile, automated fact-checking may not accurately detect misinformation spread through visual content and complicated claims. [Adesola Ikulajolu](, the fact-check lead at [RoundCheck](, said the limitation of automated fact-checking is when verifying certain misinformation that can only be done via human verifications like phone calls and emails. "This is because automation can only work perfectly to the degree to which it has been programmed," he told TechCabal. Ikulajolu recommends that for automated fact-checking to be fully adopted for elections in Africa, there should be a deliberate coalition of fact-checkers to provide verified information and authoritative data to be programmed. Get all our reports [here]( and watch [videos]( from our events. Got any research requests? Send them to us [here](. Crypto Tracker //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zp/yPTk999QR8WyiT6ZmSjN4g/h45/0UcmewnVP-rAak8GJXwzxTgCgE-wSDkvUlwUlN_aEYg The World Wide Web3 Source: [Tc_insight] Coin Name Current Value Day Month Bitcoin $26,642 + 0.41% + 0.84% Ether $1,628 - 0.04% - 2.69% BNB $217 + 1.21% + 1.58% Cardano $0.2485 - 0.34% - 3.54% * Data as of 04:26 AM WAT, September 18, 2023. Events The Moonshot Conference Tickets are still selling out fast for the gathering of the most audacious players in Africa's tech ecosystem. You and your friends can get an exclusive discount to secure your seats if you haven’t yet. [Get your ticket today](. Job opportuinities //link.mail.beehiiv.com/ss/c/_p8mO7pBiG6zFvckPDjzaZkxNnUja96KSCTzHXx2gCinQbxw_qdxxuopG-d0baJxAdN5L7OHU5ZQxpp-wRCFTXy9w8I_zIELgRe_S3coUxdEazvqvmx8YW-Rv-yJQEy-SHX8gtdU4rIXamtOYnq7xxOvAbWNvxIMDBnV3adY-zqZvf_nIsILzIhXXF10uC6jP1pbfvXUJHzHlIBKI9cbZL4j93-a_Xc5AyDP3nT_hsxeYdJrz9l-GYe3s2YMC1fV/3zp/yPTk999QR8WyiT6ZmSjN4g/h50/3ZCLkrinhu7tTo1YDWmMh2nSLB6Z1PEj8Ng5xrIioCM - Derivco - [Project Manager Level 2](- Durban, KwaZulu-Natal, South Africa (Hybrid) - Andela- [Senior Data Modeler](- Lagos, Nigeria (Remote) - Canonical- [Design Team Manager]( - Lagos, Nigeria (Remote) - LemFi - [Technical Support Lead](- Lagos, Nigeria (Remote) What else we are reading - [Domestic work in Vietnam: The 5-star butler who naps on the steps]( - [AI image generators have a moderation problem]( Written by - [Mobolaji Adebayo]( & [Ngozi Chukwu]( Edited by - [Noah Banjo]( [Unsubscribe from TC Daily]( [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 👨🏿‍🚀TC Daily 18 Nnobi Street Surulere, Lagos 101212, Nigeria [[beehiiv logo]Powered by beehiiv](