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

PYMNTS

billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. The company has already integrated with about 15,000 banks in Canada and the United States. As we explained to the DOJ, Plaid is not a payments company.

US 343
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OCC’s New Office of Financial Technology Portends Increased Supervisory Activity

CFPB Monitor

The OCC’s announcement that it will establish an Office of Financial Technology to “bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape” should come as no surprise to those who have been following recent pronouncements of Acting Comptroller Michael J.

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Canadian Fintech Market Map

CB Insights

Canadian VC-backed companies saw funding drop 13% in H1 2019 compared to H1 2018. Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18.

Fintech 93
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Today In Payments Around The World: UK To Make Firms Pay Small Businesses In 30 Days; Singapore’s Grab Considers US IPO

PYMNTS

UK To Require Companies To Pay Small Businesses In 30 Days. Singapore FinTech Grab Mulling US IPO Of Up To $2 Billion. Grab, the Singapore-based financial technology firm, is reportedly considering a U.S. initial public offering (IPO). Walmart is working with Western Union to provide in-store payments and transfers.

US 133
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Mastercard, EedenBull Extend Into Asia Pacific

PYMNTS

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). The service, offered by a network of banks in the Nordics, has been adopted by more than 10,000 registered businesses, the FinTech company said.

Fintech 248
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Mastercard, IFC Expand Partnerships To Bring Digital Payments To Emerging Markets

PYMNTS

Mastercard and IFC , a member of the World Bank Group, announced Thursday (April 26) that they have updated a $250 million global risk-sharing facility in an effort to expand access to electronic payments in emerging markets. Mastercard said its work with the World Bank Group is helping to increase universal financial access by 2020.

Marketing 121
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Fostering the Financial Technology Infrastructure of Tomorrow

Insights on Business

It ensures Data Provider A can share its content with Analytics Provider B, which is leveraged by an ontology developed by Cognitive Computing Company C. We’re inviting our partners to innovate with us and pioneer new solutions that will benefit the financial services industry at large.