Black Enterprise magazine had a story about a Black finetech coder making major news. The article said rapper “ Killer Mike’s ” Black-owned Greenwood company is a digital bank named after Black Wall Street, Tulsa Oklahoma.
Another Black entrepreneur building a 100% Black-owned bank, said Greenwood’s initiative is impressive; however, it relies on systems and operations of white-owned financial institutions. The banking industry is a tough nut to crack without allies.
His new financial services mobile app adds to the list of software made for the Black community.
The bank represents the tragic history of Black Wall Streets: in Tulsa, Oklahoma (1921) and the Wilmington, North Carolina massacre (1898). These were successful Black business districts until they were set onfire and burned down by white mobs.
We welcome the new Greenwood bank’s software apps to our list of Black software apps and programs.
Financial management software has taken on new capabilities and dimensions during the Age of AI. Artificial intelligence is improving software applications running on the desktop, from internet websites and on mobile devices. These enhancements can serve as your financial coach and data processor. I think AI threatens the job security for bookkeepers, accountants and financial advisors.
. s, everal Black-owned software companies make he banking and finance industries, have encouraged the making of new computer and internet programs and apps. These new products are good indicators, that the Black Software genre serves a need in the Black community of the United States and the world.