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FinTechs use growing amongst consumers and criminal organizations

BankInovation

The digital economy continues to grow, up significantly from 2002, when total holiday sales hit just $416.4 Eventually it all passes through financial service institutions. Whether payments are processed through Apple Pay or Venmo, PayPal or a debit card, there is always involvement with an account at a financial services institution.

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Wirecard’s Former CEO Markus Braun Arrested

PYMNTS

billion) were missing from two bank accounts in the Philippines, Braun had been at the top of the FinTech company since 2002, the Times reported. Until his resignation Friday (June 19), when an audit revealed 1.9 billion euros ($2.1 Since the drama unfolded, Wirecard share values have plummeted. On June 17, the stock closed at $104.50.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

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120 Fintech Unicorns of the 21st Century: November 2020 Update

Fintech Labs Insights

At FintechLIVE , we maintain a list of 21st-century fintech unicorns* updated monthly (full list here ). Full Fintech Unicorn list (values as of 2 Dec 2020). Related: The Best Fintech Conferences this Week (7 Dec 2020). Fintech Startup of the Week: Breach Clarity Wins Finovate Best of Show (Nov 2020). Value Date/Source.

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IBM again a Leader in Gartner Magic Quadrant for Integrated Risk Management

Insights on Business

Initially founded in 2002 to address the opportunity created by the Sarbanes Oxley Act, OpenPages’ client adoption was so strong over the coming years that by 2005, OpenPages was ranked 29 th on the Inc. IBM RegTech Innovations. 500 list of the fastest-growing private companies in the country.

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IBM Open Pages recognized as the pioneer in redefining GRC

Insights on Business

Initially founded in 2002 to address the opportunity created by the Sarbanes Oxley Act, OpenPages’ client adoption was so strong over the coming years that by 2005, OpenPages was ranked 29 th on the Inc. IBM RegTech Innovations. 500 list of the fastest-growing private companies in the country.

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Money 20/20: The World’s Largest Payments & Financial Services Event

William Mills

Much attention was also given to the need for heightening the standards for fintechs to work directly with banks. a security consultant who famously committed bank fraud and in his early life for which he served prison time. A highlight from the conference was keynote speaker, Frank Abagnale, Jr.,