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Payments players caught in venture capital squeeze

Payments Dive

The flow of venture capital to startups ebbed in the first quarter for the biggest quarterly decline since 2012. Payments players, which have been big beneficiaries of such investments, are beginning to feel the pinch.

Capital 221
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Fintech Funding: Capital on Tap secures a $237M credit line

BankInovation

Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 The company was founded in 2012, and more than 200,000 small business customers […]. trillion JPMorgan and investment firm Triple Point.

Capital 97
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. This is the digital bank’s fourth acquisition of a working capital loan portfolio. As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff.

Capital 130
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BNP Paribas, Barclays and Goldman Sachs Invest in AI Startup Digital Reasoning

Bank Innovation

’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. based Digital Reasoning was launched in 2012. Artificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The.Read More.

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Ex-Amazon Security Chief Joins Capital One Board

PYMNTS

In a nod to just how important cybersecurity is becoming to larger firms within the financial space, Capital One said on Monday (Feb. Brought on board, in this case, is literal, as Capital One has created a new seat on its board of directors dedicated to cybersecurity.

Capital 100
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Measuring capital at risk in the UK banking sector

BankUnderground

The probability of an extreme stress event with losses above £91 billion (roughly 19% of CET1 capital) increased from 1% before the pandemic to 4.1% Measuring capital at risk. We derive two forward-looking measures of solvency risk (one year ahead) – a capital at risk measure (CAR) and a conditional capital at risk measure (CCAR).

Capital 93
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The Guardian view on David Cameron and Greensill Capital: questions to answer | Editorial

TheGuardian

The Greensill Capital affair sums up what is wrong with a cosy revolving-door culture in British politics. According to reports at the weekend, between 2012 and 2015 the company’s Australian owner, Lex Greensill, was informally allowed the run of Whitehall by Mr Cameron and his cabinet secretary, Sir Jeremy Heywood. It must not be.

Capital 71