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Amazon Cloud Investigation And Walmart’s Answer To Libra Top Week’s News

PYMNTS

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers. Weddings, the Millennial Way? Bank Regulators Probe Amazon Cloud. Walmart’s Answer to Facebook’s Libra: the Walmart Coin. Fun, Cool and Otherwise Interesting.

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Digital Disruption

Independent Banker

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Kelly Pike is a freelance writer in Virginia.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Alt-lender targeting millennials . HQ: Reston, Virginia. HQ: Charlottesville, Virginia. Tags: Financial institutions, enterprises, security, fraud prevention, Wipro (strategic investor), Finovate alum. Latest round: $31 million ($6 mil Equity, $25 mil Debt). Total raised: $31.85 million including $25 million debt.

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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Online marketplace for real estate investing. Blockchain technology for securities. Millennial saving & investing app. Online consumer lending. HQ: Reston, Virginia. Tags: Enterprise, investing, trading, risk management, security, compliance. Total raised: $136.7 HQ: San Francisco, California.

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For faster loan origination, stop doing this

Abrigo

Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders. Millennials and Gen Zer business owners were more likely than their older counterparts to borrow at the time of the borrowing need or within days of it.

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