Bank Innovation

MARCH 7, 2018

But the fintech market has rebounded. In 2017, in the United States, overall VC funding -- a barometer of startup activity and appeal.Read More. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.

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PYMNTS

JUNE 18, 2020

Securities and Exchange Commission (SEC) of its plans for an initial public offering (IPO). We are proud of Eastern Bank’s history as the oldest and largest mutual bank in the United States and our enduring commitment to our customers, colleagues and communities,” said Rivers in the release.

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PYMNTS

AUGUST 14, 2020

The Canadian firm said it has a total of $77 billion in securities, cash and other available capital available when including uncalled capital commitments from clients, Bloomberg reported. However, the turmoil in the market impacted the company’s earnings in the quarter.

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PYMNTS

DECEMBER 9, 2020

The new valuation makes the Silicon Valley startup the biggest individual public food delivery firm in the United States. Following the IPO, SoftBank’s Vision Fund and Sequoia Capital will own more than 40 percent of DoorDash class A common stock. Earlier in 2020, DoorDash had a private valuation topping $15 billion, up from $1.4

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Let's Talk Payments

JUNE 7, 2019

A growing number of new players in any industry is a sign of an expanding market and opportunities for innovators. Increasing access to capital, consumer awareness, and acceptance to new ways of managing finances and other ecosystem drivers have been attractive for entrepreneurs in 2018 as well. FinTech is not an exception here.

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Fintech United States blockchain Financial Technology 107

PYMNTS

DECEMBER 18, 2019

At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. In the eight years since then, bitcoin’s market capitalization has grown rapidly and now exceeds 100 billion euros, and thousands of cryptocurrencies have been created,” Brainard said in her speech.

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PYMNTS

JUNE 28, 2019

The company priced its shares above a target range, having sold 15 million shares for $20 apiece following their marketing at $17 to $19, Bloomberg reported. The RealReal reportedly has yet to generate a profit, even though Bloomberg noted “the market is intrigued by its growth.” per the filing. IBISWorld Pty Ltd.

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Bobsguide

JULY 13, 2022

As NXTsoft continues its mission to foster open banking initiatives, providing financial institutions a way to leverage and integrate best of breed solutions, Diulus will work with NXTsoft’s direct sales, inside sales, marketing accounting teams and more to lead the go to market strategy for the organization. About NXTsoft.

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PYMNTS

JULY 16, 2019

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. credit history to help them secure financing for auto loans. credit history to help them secure financing for auto loans.

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PYMNTS

MARCH 23, 2020

The moves temporarily buoyed financial markets, turning premarket stock-futures trading from red to green – although stocks later turned negative anyway. Additionally, the central bank plans to create a Term Asset-Backed Securities Loan Facility (TALF). Below are the moves the Fed has made: Boosting Quantitative Easing.

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PYMNTS

OCTOBER 22, 2020

As has historically been the case with commerce security upgrades that roll in by government mandate, the path to European Union adoption of 3D Secure 2.0 That’s a path that McCutcheon said will have challenges, but perhaps fewer than we’ve seen in the recent history of security upgrades. also known as “3DS 2.0” Why 3DS 2.0

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PYMNTS

MARCH 4, 2019

The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital. “As a crowdfunding pioneer in the United States, SeedInvest helped to shape the JOBS Act. News of the deal comes after news broke over the weekend that Circle was seeking more capital.

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PYMNTS

APRIL 3, 2019

Business payments company Bill.com has secured unicorn status and launched a partnership with Mastercard to accelerate accounts payable for joint business customers. “With the partnership with Bill.com, we can bring the benefits of virtual cards to hundreds of thousands of smaller enterprises in the United States. .

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PYMNTS

JUNE 26, 2018

According to a press release , CashShield said the Series B funding round was led by Temasek and GGV Capital. In the latest round, early investors Tony Fadell, principal at Future Shape , and GGV Capital are increasing their stake in the company. There’s nothing else like it on the market,” said Fadell.

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PYMNTS

OCTOBER 8, 2019

million through a Series B financing round that was in turn led by Ribbit Capital, based in the United States. Groww focuses on investment products and services marketed to millennials. The capital raised, according to reports, will be used in part to grow that merchant user base.

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PYMNTS

MAY 22, 2020

The report notes that a “fair” share of banks in North Atlantic economies, which it defines as the United States, Canada and the United Kingdom, are forecast to bring in “adequate” returns by 2025. A variety of “feasible” expense and revenue improvements could help them.

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PYMNTS

NOVEMBER 12, 2019

billion tally is more than six times the amount that was brought in via online sales on Black Friday last year in the United States. As noted by Reuters, Citic Securities had put the pace at 20 percent to 25 percent, and Daiwa Capital Markets had pegged the growth rate at 23 percent. billion USD in sales.

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PYMNTS

JULY 22, 2019

has announced the launch of a venture banking and lending business to provide debt capital financing and commercial banking solutions to growth companies and their investors. Stifel offers senior secured loans up to $40 million for working capital and growth capital needs. Stifel Financial Corp.

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PYMNTS

JULY 16, 2018

According to a report in Fintech Futures , the new unit will focus on making sure the bank is using the latest technology to improve efficiencies, while at the same time exploring the use of tokenized securities in the capital markets, derivatives and with other financial products. and pounds to the U.K.

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PYMNTS

OCTOBER 9, 2017

Open banking looms in many corners of the world, mandated in some areas (think PSD2) while driven by market forces in others (here in the United States). Risks abound, said the Association, with boosted third-party access exposing consumers to new security threats, and perhaps even threatening the economy as a whole.

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PYMNTS

NOVEMBER 12, 2019

The Fold Kickbacks program, which supports bitcoin’s second layer Lightning Network, features big retailers including Amazon, Starbucks and Uber in select countries such as the United States, Australia, Canada, Ireland, Mexico and the United Kingdom. And the U.S.

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PYMNTS

AUGUST 29, 2019

The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia.

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PYMNTS

APRIL 10, 2018

In payments security, the key is the key. Think of it as management by “other duties as assigned,” which is hardly an effective endeavor, as the most important security asset in a firm used to protect information (arguably the most important asset overall) is handled by people who, in some cases, have volunteered to take on the task.

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PYMNTS

MAY 1, 2019

While the cross-border B2B trade market has worked to address some major points of friction, from a $1.5 often lands in a neighboring state. It’s a region Pelletier said has some of the hallmarks of an emerging, high-growth market, which can help Canadian SMBs capture a larger portion of the $353.6 companies last year.

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Abrigo

APRIL 28, 2016

Every year since 1963, the President of the United States has issued a proclamation setting aside one week to “recommit to advancing these vital enterprises, and celebrate their contributions to our collective American story.” Today, I serve in the cabinet of the President of the United States.

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PYMNTS

AUGUST 29, 2019

The word “subscription” appears more than 200 times in the Peloton S-1, which was filed with the Securities and Exchange Commission on Monday (Aug. Is it all enough to support a valuation that is (at least at the last capital raise) in the billions of dollars? A fair chunk of that has been tied to marketing expense.

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PYMNTS

OCTOBER 29, 2019

This leads us to a bit of headscratching, as, in past coverage, we’ve noted that proponents of blockchain have stated that security and anonymity of data that flows between two parties is valuable because it cannot be touched, really, by anyone. In the United States, for a listing of as much as $400 million. million.

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blockchain Bitcoin United States Course 117

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

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CFPB Monitor

APRIL 30, 2021

The Federal Trade Commission recently announced that it has settled the lawsuit it filed against Yellowstone Capital LLC, a provider of merchant cash advances, and its chief executive officer and president for alleged unfair and deceptive conduct in violation of section 5 of the FTC Act, 15 U.S.C. §

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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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Regional blockchain Mobile United States 128

PYMNTS

OCTOBER 6, 2020

Clover Health , a tech-driven provider of Medicare Advantage insurance plans, plans to go public through a merger with a blank-check company called Social Capital Hedosophia, according to a filing with the Securities and Exchange Commission (SEC) Tuesday (Oct. billion of gross proceeds,” the filing states.

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PYMNTS

SEPTEMBER 8, 2017

Best highlights the strength of China’s logistics market, which saw $1.6 The company secured 8.6 percent of the nation’s express delivery market in the first six months of 2017, reports said. It’s also eyeing the ICO market with concern, banning them altogether earlier this week.

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PYMNTS

OCTOBER 28, 2019

The move came about a month after Fair, which functions via an app, secured a $500 million revolving credit facility led by Mizuho Bank. Kirk has a decade of experience running treasury and capital markets for large fleet companies, and is well known on the capital markets side. SoftBank Group Corp.

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PYMNTS

JULY 27, 2018

The round also included the participation of existing Flywire investors Bain Capital Ventures and F-Prime Capital. In fact, he said, the investment required only 10 weeks to secure, as measured from the end to end of the deal. Flywire will increase its focus on emerging markets, such as Latin America, the Middle East and Africa.

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PYMNTS

OCTOBER 28, 2019

The move comes about a month after Fair, which functions via an app, secured a $500 million revolving credit facility led by Mizuho Bank. Kirk has a decade of experience running treasury and capital markets for large fleet companies, and is well-known on the capital markets side. SoftBank Group Corp.

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San Francisco United States Capital User Experience 100

PYMNTS

APRIL 26, 2019

Tether is a stablecoin (in turn backed by United States dollars), and Bitfinex allegedly raided reserves to make payouts to consumers looking for redemptions. The attorney general’s complaint states that Crypto Capital failed to process redemption orders.

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Gonzobanker

AUGUST 24, 2023

High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yielding money market funds. Rising interest rates depress the value of low-rate securities and loans. Bond losses.

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