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Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. In 2012, more than €7.3 billion in securities from Russia were processed through the Estonian financial system.

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Building An eCommerce Presence With Tech, Customer Service

PYMNTS

Adore Me has built a solid eCommerce presence with the help of technology and a hyper customer focus, as the lingerie industry increasingly goes omnichannel. The company also has a few brick-and-mortar shops across the nation. Data: 2012: The year Adore Me was founded. All this, Today in Data. and Europe.

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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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Turkey to be cashless by 2023

Chris Skinner

If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. Turkish banks launched the world’s first national digital wallet, BKM Express, as early as 2012.

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Open Banking Platfom Tink Acquires Eurobits

PYMNTS

European open banking platform Tink will now have more room to expand with the acquisition of Eurobits , which works in account aggregation technology, according to a press release. Tink was formed in 2012. Tink received 90 million euros ($100.1 The company bought Eurobits for 15.5 million euros ($17.2

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Today In Digital-First Banking: MercadoLibre Gets License From Brazil, Alacriti Collaborates With Glia On Customer Service

PYMNTS

The new license from Ireland’s financial services watchdog will let it provide its services throughout 26 European nations. SumUp has been active in Ireland as of 2012 and has introduced digital payments to thousands of companies. More than 3 million retailers harness its technology.

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Trulioo Global ID Service Now Available In Nigeria, Ghana

PYMNTS

Also, many FIs in those countries have been using more Know Your Customer (KYC) technologies, as well as digital addressing systems to assist with mail delivery. In 2017, Ghana introduced GhanaPost GPS and Nigeria partnered with What3Words. The worldwide average is 69 percent, and in Ghana it is 62 percent.

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