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Sift Science Eyes Global Fraud Prevention With $53M In Funding

PYMNTS

According to Venture Beat , this latest round of funding was led by Manhattan-based VC firm Stripes Group, with participation from existing investors that include Union Square Ventures, Insight Venture Partners and Spark Capital.

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IBM Algo FIRST becomes IBM FIRST Risk Case Studies

Insights on Business

Algo FIRST was acquired by IBM as part of the Algorithmics acquisition which took place in October 2011. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

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IBM Algo FIRST becomes IBM FIRST Risk Case Studies

Insights on Business

Algo FIRST was acquired by IBM as part of the Algorithmics acquisition which took place in October 2011. In particular, FIRST’s external loss event benefits can be seen in the integration to the OpenPages Operational Risk Management solution.

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LendingClub Settles With SEC, DOJ

PYMNTS

million Series C financing round led by Foundation Capital and joined by Morgenthaler Ventures, Norwest Venture Partners and Canaan Partners. In 2011, LendingClub added another $25 million in Series D funding in a round lead by Union Square Ventures. In 2010, LendingClub added to its war chest with a $24.5 lending marketplace.

Lending 135
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Finovate Alums Earn Spots Among UBS Future of Finance Finalists

Fintech Labs Insights

The three will join nine other finalists vying for $50,000, 300+ hours of mentoring, and the opportunity to develop their technology in a UBS innovation center. (Click image to watch video). Wealthforge impressed UBS judges with its automated, integrated risk management solution for issuers and intermediaries.

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Finovate Alums Help Represent Fintech Innovation in Israel

Fintech Labs Insights

With that in mind, here’s a look at some recent Israel-based Finovate alums who are helping make the country one of the world’s key locations for fintech innovation. Founded in 2011. Market capitalization of $3.8 Founded in 2011. Market capitalization of $33 million. BioCatch – FinovateFall 2014.

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AI Will Put 10 Million Jobs At High Risk — More Than Were Eliminated By The Great Recession

CB Insights

Innovation in microprocessors — particularly Nvidia’s graphic processing units (GPUs) — have played a large role. However, Foxconn has fallen short of its 2011 forecast of installing 1 million robots in its factories in 3 years. The Lowe’s Innovation Lab partnered with startup Fellow Robots to build retail robots OSHBot and LoweBot.