PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

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Perficient

MAY 27, 2022

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. State Regulations.

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PYMNTS

JANUARY 11, 2019

Beyond Megvii, artificial intelligence (AI) startup SenseTime Group Ltd. The news comes as Megvii was reportedly raising at least $600 million from investors such as Boyu Capital and Alibaba last year. Megvii offers face-scanning systems to companies like Ant Financial and Lenovo Group Ltd. billion people in China.

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FICO

APRIL 12, 2023

mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S. mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S.

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PYMNTS

JULY 24, 2018

the developer of facial recognition system Face++ , is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. Megvii provides face-scanning systems to companies including Lenovo Group Ltd. Other investors include Foxconn Technology Group , CCB International Holdings Ltd., Megvii Inc.,

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PYMNTS

NOVEMBER 6, 2019

However, Mohamed Al Kuwaiti, executive director of the UAE’s National Electronic Security Authority, told CNBC that the country has been working with big tech platforms, especially Facebook-owned WhatsApp, on national security initiatives. Of course, technology also brings with it security concerns.

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PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. The industry claims that means payments banks wouldn’t be subject to the same capital liquidity requirements that regular banks are.

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Gonzobanker

DECEMBER 8, 2021

Digital Security. This continued to be a hot area with several deals including: TransUnion’ s acquisition of identity analytics provider Neustar Mastercard acquired digital identity provider Ekata Canapi Ventures invested in security/behavior analytics firm Neuro-ID The aforementioned DefenseStorm funding round.

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PYMNTS

FEBRUARY 19, 2019

The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs ($106 million USD), as well as have a closing capital balance of at least 1.2 trillion Indonesian rupiahs.

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PYMNTS

JULY 28, 2020

The company is offering 150 million shares for $20 to $22 each, according to the Tuesday (July 28) filing with the Securities and Exchange Commission (SEC), Bloomberg wrote. The offering will be led by Goldman Sachs Group Inc., Morgan Stanley , Credit Suisse Group AG, JPMorgan Chase & Co. His net worth is sitting at $7.8

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PYMNTS

AUGUST 6, 2019

Cybereason has announced it has received a series of investments and commitments totaling $200 million by SoftBank Group Corp. This latest round of funding brings Cybereason’s total amount raised to approximately $400 million, with previous investors including CRV, Spark Capital and Lockheed Martin, according to a press release.

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PYMNTS

NOVEMBER 15, 2018

billion in small business loans from non-bank lenders to increase availability of working capital for the nation’s SMBs. But non-bank lenders struggle to fill in the gaps left in the small business lending market because they must finance their loan operations via crowdsourcing or via the debt capital markets, reports noted.

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PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. The network — and its more than 25 member banks — aims to unlock a potential $1.5 trillion opportunity in global trade finance, according to a press release.

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PYMNTS

APRIL 2, 2020

The tool offers financing for fleet owners to receive capital on loads they have delivered instead of waiting the traditional 30 days for customers to make payments. PayRange Accelerates Vending Machine Capital. PayRange is another FinTech using card products to accelerate access to capital for businesses and professionals.

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PYMNTS

AUGUST 20, 2020

Faster Payments Council Announces Board Advisory Group. Among the FPC Board Advisory Group’s members are Michael Sklow of Goldman Sachs, Judy Nguyen of American Express, Bridget Hall with ACI Worldwide and Connie Theien of the Federal Reserve. This week, the U.S. ” AscendantFX Eyes Payment Tracking With gpi. .

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Groups Payments Survey Data 252

PYMNTS

JANUARY 26, 2018

More than $150 million in venture capital bolstered the B2B FinTech market this week, and while investors made big steps into areas like human resources, fleet management and artificial intelligence (AI), it was an old favorite that saw the most, and largest, investment rounds: alternative lending. Capital Match. Alternative Lending.

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PYMNTS

APRIL 9, 2020

million in new funding co-led by Madrona Venture Group and Oregon Venture Fund, while Mucker Capital, 99 Tartans, and other backers also participated, according to a company press release. The company recently announced $7.7 The company has rolled out its service in the U.K. and Sweden, it noted.

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PYMNTS

FEBRUARY 8, 2019

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. Participants in the round also included 42K Investimentos, Chromo Invest and Capital Labs, as well as previous backers Yellow Ventures and Osher Tech.

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PYMNTS

MARCH 27, 2019

Reports in the Financial Post on Tuesday (March 26) said the Secure and Fair Enforcement (SAFE) Banking Act faced a review with the House Committee on Financial Services, during which policymakers debated and made changes to the proposed rules. ” McCarthy Tétrault ‘s Cannabis Law Group Partner Ranjeev Dhillon agreed.

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PYMNTS

OCTOBER 5, 2016

The billionaire and Virgin Group founder said blockchain will create an “ economic revolution ,” especially in developing countries. His reasoning revolves around the issue of proving ownership of certain assets and access to capital. The group intends to turn to a collection of more than 70 proposals submitted to the U.S.

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PYMNTS

APRIL 28, 2017

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. This week’s B2B venture capital roundup is quite indicative of these trends. According to KPMG’s U.S.

Fintech 192

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PYMNTS

FEBRUARY 2, 2021

City National Bank, Extend Pair On Virtual Cards. To launch its new virtual commercial card offering, City National Bank is working with FinTech Extend, the companies recently revealed. The company, which secured the investment from SBI Investment Co. The Clearing House Facilitates Third-Party Data Sharing. Germany- and U.S.-based

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PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

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PYMNTS

MARCH 14, 2017

Reports Monday (March 13) said Autobooks secured $5.5 The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We million in Series A financing led by Draper Triangle.

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PYMNTS

NOVEMBER 9, 2018

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. The big news of the week comes from TripActions , a corporate travel solutions provider that secured unicorn status with its latest fundraise (the largest in this week’s breakdown).

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Independent Banker

JULY 31, 2022

In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. The road to a charter.

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PYMNTS

MAY 6, 2019

Ireland’s FinTech Umba has notched funding from two venture capital firms, Malaysia’s Maybank has implemented a SWIFT global payments innovation (gpi) service, and Wing ( Cambodia ) Limited Specialized Bank has teamed with Western Union to offer mobile digital international money transfers.

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PYMNTS

APRIL 22, 2020

The New York City Police Department recently stopped using its fingerprint identification security procedure for employees entering buildings, for example, contributing to a spike in demand for contactless identification alternatives. These surveillance technologies are opening a hornet’s nest of privacy and security concerns for citizens.

Innovation 209

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PYMNTS

FEBRUARY 10, 2017

B2B payments, alternative SME finance, enterprise cybersecurity, data management and logistics all secured a financial boost — find out which startup scored the most in our breakdown below. Capital Float. Securing more than $2.5 Capital Float will use the funding to lend to its existing and new SME clients. B2B Payments.

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PYMNTS

DECEMBER 15, 2017

This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. Dawn Capital led the latest funding round, reports said, while Fourth Swedish National Pension Fund and other backers also participated.

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PYMNTS

JANUARY 8, 2019

Singtel’s Dash is bringing remittance services to Myanmar by teaming up with the United Nation’s Capital Development Fund (UNCDF), the company said in an announcement. Through the service, Pakistanis who reside in Malaysia can send money home “instantly and securely” via real-time money transfers.

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PYMNTS

NOVEMBER 28, 2018

Deskera has secured an investment of more than $60 million from Jungle Ventures and other backers in support of its small business (SMB) cloud-based solutions, including enterprise resource planning (ERP), inventory management and customer relationship management (CRM) tools. According to The Business Times on Tuesday (Nov.

Fintech 139

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PYMNTS

FEBRUARY 24, 2017

The $20 million funding round for Australian alternative lending platform Prospa has set a record, according to reports, as the largest FinTech venture capital funding in the country. challenger bank Monzo, one of the nation’s few digital-only banks, raised nearly $25.5 Alt-Lending. Several backers participated in the $1.2

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PYMNTS

MARCH 16, 2018

In an effort to deepen its push into securities, banking and insurance, JD.com ’s finance arm is seeking to raise ¥12 billion — or $1.9 JD Finance reportedly plans to use some of the funds to invest in financial institutions within China — and to purchase licenses for securities and banking in addition to other areas.

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PYMNTS

JULY 1, 2019

However, as Westpac Banking Corp said in a submission to the Australian Securities and Investments Commission, “Westpac does not believe that there is significant utility in requiring the verification of living expenses.” CBA, which the report said is “the largest,” noted it would lessen its reliance on the measure.

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PYMNTS

AUGUST 7, 2018

“Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S., national co-lead partner, venture capital practice. “At The Office of the Comptroller of the Currency has said in the past week that it has invited FinTechs to seek national charters.

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PYMNTS

SEPTEMBER 22, 2020

Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan. REITs are not exactly a source of good or even consistent news these days.

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