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PingPong To Enter Europe Via $113M Investment

PYMNTS

PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe. Earlier this year , Luxembourg passed a bill to amend an existing securities law so that it includes blockchain.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. The amount was disclosed in the Annual Work Program, which had been devised by the European Securities and Market authority at the end of last month.

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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Neither supported this regional president''s opinion. She didn''t say anything about economies of scale, regulators, or leading edge technology.

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The Top 20 Venture Capitalists

CB Insights

We used CB Insights data gathered via our machine learning technology (dubbed The Cruncher ) and from thousands of submissions we received from VC partners and firms via The Editor. He then went on to become Senior Director of Business Development at Palm Source in 2001 after he oversaw the strategy around Palm OS. STEVE ANDERSON.

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First New Community Bank In Decades Headed To US Market

PYMNTS

The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking. is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

It is a notable pivot from Amazon’s IP strategy, where the playbook has been to build, patent, and keep proprietary technology in-house to fuel Amazon’s marketplace. FIS is also one of the biggest providers of core banking processing and has integrations with Q2 technologies. That scale would make Amazon Go a $4.5B

Cards 101
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Tracking The Trends That Shaped 2020’s The Digital-First Economy

PYMNTS

This tracker brought NCR Corporation together with Avidia Bank and was notable for the stat that showed that one-third of bank customers said they would visit physical branches more often if they could compete with the ease of mobile banking, and banks are deploying or workshopping a number of technologies to make this convenience a reality.

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