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Upstart CEO Girouard: ‘FICO is extremely limited and backward-looking’

Bank Innovation

Dave Girouard, CEO and founder of Upstart, testified before Congress’ Task Force on Financial Technology for its hearing on the use of alternative data in loan underwriting and credit scoring. In 2012, he founded Upstart, a company […].

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Dwolla Partners With Currencycloud On International Payments

PYMNTS

Financial technology company Dwolla has announced it is teaming up with global payments platform Currencycloud so that its clients can facilitate international payments. Launched in 2012, London-based Currencycloud is regulated in Europe, the U.S. This partnership allows our customers to get the best of both worlds.

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Vista Equity Will Acquire DH Corp., Merge It With Misys Ltd.

PYMNTS

Vista Equity Partners LLC has agreed to buy Canadian financial services provider DH Corp. and will combine it with financial software company Misys Ltd. to create a “financial technology powerhouse.”. Bloomberg Technology reports that the deal values DH Corp. a payment technology provider, for $1.25

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Grab Reportedly Considered Acquiring 2C2P Pte

PYMNTS

And Grab, which Tan Hooi Ling and Anthony Tan started in 2012, has a value of $14 billion, per CB Insights. In addition to ride-hailing, the company’s GrabPay service lets users order food and pay for rides, and the firm is growing into financial services like insurance and lending. The news comes as Grab raised over $4.5

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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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This week’s podcast: a conversation with Paul Watkins, Director of the CFPB’s Office of Innovation

CFPB Monitor

Paul formerly worked in the Arizona Attorney General’s office where he was in charge of fintech initiatives and led the state’s successful efforts to create the first “regulatory sandbox” in the United States which allows new financial technologies and products to be tested in a controlled environment with reduced regulatory risk.

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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 Plaid Technologies. Total = 120.