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India’s Jio Gets $750M Boost From Silver Lake

PYMNTS

billion Jio investment, which gave the social media giant an almost 10 percent stake in Jio, which is a subsidiary of Reliance Industries. First-quarter annual revenue was $8 billion, with an operating margin topping 40 percent. went public in 2014. The deal follows Facebook’s recent $5.7

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Is #donate The First Step To #buy?

PYMNTS

In fact, the company, which launched in 2014 and is based in Washington, D.C., is the only social fundraising platform with hashtag-to-donate technology on both Facebook and Twitter. Think about it: A person who makes a donation in the public sphere of social media might encourage others to do the same.

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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

Deloitte’s latest research on procurement technology trends is out. Coupled with internal factors — like pressures from CFOs to reduce operating costs — the CPO today is facing monumental challenges but also the opportunity to rise as a strategic part of the overall enterprise, Umbenhauer explained.

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What Evine’s Surprisingly Dramatic Journey Means For The Future Of Home Shopping

PYMNTS

It made a largely unreported acquisition of a firm called STARTEK earlier this year, and although it may sound like an acquisition more appropriate for Jeff Bezos’ Blue Origin space exploration firm, the business is a call center operator and engagement outsourcing specialist. Evine is getting ready to expand.

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Libra, MoneyGram-Ripple Deal And Fraud Prevention Top Week’s News

PYMNTS

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Trackers and Reports.

Fraud 101
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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.