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Plaid Technologies Scores $44M Off Goldman Sachs-Led Round

PYMNTS

The week is getting off on just the right foot for the folks over at Plaid Technologies, who are announcing $44 million in new funding. Plaid Technologies announced Monday (June 20) that it had secured $44 million in funding courtesy of a round led by Goldman Sachs Investment Partners.

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Grab Reportedly Considered Acquiring 2C2P Pte

PYMNTS

The Singapore-based payments startup opted to raise more capital to grow independently as a company instead. And Grab, which Tan Hooi Ling and Anthony Tan started in 2012, has a value of $14 billion, per CB Insights. The company also debuted a platform for financial technology last year.

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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East. Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. Dubai has always been at the forefront of technology adoption on multiple levels.

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Fenergo Brings its Client Lifecycle Management Innovations to ABN AMRO

Fintech Labs Insights

ABN AMRO is the third-largest bank in the Netherlands and will use the technology to support its CDD/KYC processes in specific, and the bank’s broader “business transformation strategy” in general. “Fenergo is the technology platform that will underpin this initiative.”

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

Fintech Labs Insights

But we achieved a new milestone surpassing the $1 TRILLION-mark in total valuation among the 120 public and private financial technology companies. New in November: Newborns: Verafin , the Canadian anti-financial crime specialist founded in 2003, is set to be acquired by NASDAQ for US$2.75 Ant Technology. Total = 120.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

The same group completed fewer than 25 investments in aggregate between 2012 and 2014. Here are a few takeaways from analyzing the graph below, which encompasses over 125 deals: Of the 12 P&C insurers analyzed, Ping An and AXA have been the most active since 2012. Number of investments (since 2012): 2. Allianz Ventures.

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LendingClub Settles With SEC, DOJ

PYMNTS

FIRREA authorizes the federal government to seek civil penalties against companies and individuals that commit various criminal offenses affecting federally insured financial institutions, including bank fraud, wire fraud and false statements to financial institutions. Attorney Alex Tse. lending marketplace.

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