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2016 Innovators to Watch: 1 to 5

Bank Innovation

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

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CPOs’ Support For Innovation Surprises The Market

PYMNTS

When compared to the prominence of digital strategies in 2014, 2015 figures saw a significant jump across the board. Between 2014 and 2015, CPOs cited a 19 percent increase in the use of mobile technologies and a 10 percent increase in the use of social media efforts to boost their performance in the organization, researchers found.

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Facebook Deals With Rising Expenses As Regulatory Pressure Increases

PYMNTS

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 hearing last October. 31, stood at 2.5

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The Rapid Rise Of Social Credit Scores 

PYMNTS

The most common association with the term “social credit score” is with China. Since roughly 2014, the Chinese government has been working on the system, which is designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” according to a State Council notice from 2014.

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FTC, 48 States Launch Massive Antitrust Suit On Facebook

PYMNTS

9), accusing the social media network of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct,” according to a press release. Our aim is to roll back Facebook’s anticompetitive conduct and restore competition so that innovation and free competition can thrive.”.

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Will Rio Take The Gold In Tech Innovation?

PYMNTS

In fact, the venture and entrepreneurial ecosystem grew by 20 percent from 2014 to 2015 alone. Today, we are seeing other form factors emerging, beyond just the credit card, including the watch, the bracelet, the payment ring and the car one day,” Chris Curtin, chief of brand and innovation marketing officer at Visa, told RCR Wireless News.

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Can Digital Privacy Go Too Far?

PYMNTS

Attorney General William Barr because the social media platform’s plans to encrypt messages on Messenger, WhatsApp and Instagram might be too private. There’s no question that the identity verification market is growing. billion by 2024, while the biometrics market is projected to reach more than $59 billion by 2025.