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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

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“Visa seeks to buy Plaid — as its CEO said — as an ‘insurance policy’ to neutralize a ‘threat to our important US debit business,’” the Justice Department said in its lawsuit, filed in San Francisco federal court. The company has already integrated with about 15,000 banks in Canada and the United States.

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Galileo, Plaid Integrate To Streamline ACH Transfers

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The Salt Lake City payment processing platform has joined with Plaid, a Visa subsidiary based in San Francisco, that builds financial technology platforms to connect bank accounts and initiate automated clearing house (ACH) transfers. businesses paying millions of 1099 or contract workers, Galileo said.

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San Francisco Times Recognizes Credit Karma as Best Fintech Company

Fintech Labs Insights

Last week the San Francisco Business Times announced winners of its Tech and Innovation Awards honoring the Bay Area’s most innovative and enterprising technology companies. Finovate alum Credit Karma was one of 25 winners, named Best Financial Technology Company. billion valuation. . million in funding.

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The 57 Biggest Fintech Conferences & Events in 2023

Fintech Labs Insights

These the biggest and best events in the financial services space geared towards technologists, product managers, developers, marketers and C-Suite execs at both financial institutions and rival fintech firms. For the most part, financial technology event planners are organizing in-person gatherings, often with a virtual option.

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The 7 Biggest AI Conferences for Financial Services, Banking & Fintech in 2024

Fintech Labs Insights

These are the biggest and best events in the financial services space for technologists, product managers, developers, marketers and C-Suite execs at both financial institutions and fintech firms. Note: See below for specialized financial technology calendars including insuretech , general banking events and more.)

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The 35 Biggest Banking, Mortgage & BankTech Events in 2023

Fintech Labs Insights

These are the largest events in the financial services industry geared towards banking technologists, program managers, marketers, developers and C-Suite execs at both legacy financial institutions and upstart banktech and fintech firms. Event Spotlight Tech meets finance in San Francisco 60+ demos.

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LendingClub Settles With SEC, DOJ

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“Investment advisers have an obligation to put their clients’ interests ahead of their own,” said Daniel Michael, chief of the SEC’s Complex Financial Instruments Unit, about the decision. “By By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. Attorney Alex Tse. “We

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