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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. LaunchPad Medical of Lowell received a $2.5

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2016 Innovators to Watch: 21 to 25

Bank Innovation

In the past three years, this community bank has shut down all of its branches except for one in Boston, transforming into a Read More. Chris Tremont, EVP Virtual Banking, Radius Bank Banks are not usually known for their disruptive nature and quick decisioning. Radius Bank is known just for that.

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Boston Fed Takes On Cyber Risks, FinTech Competition

PYMNTS

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.

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Key Takeaways from Sibos 2016

Celent Banking

Its seriousness brought into stark relief by the $81mm Bangladeshi incident (something my cab driver in Boston asked about on the way to the airport!), Nothing about Sibos can be exhaustive, but three key areas stood out: Cyber, PSD2, and Open Banking / APIs. Cyber was the first topic mentioned in the opening plenary address.

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Boston Consulting Group: China ecommerce hits USD 750 bln in 2016

The Paypers

(The Paypers) In 2016 Chinese consumers spent about USD 750 billion online, outspending both US and UK online purchases combined, according to Boston Consulting Group.

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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

Radius is based in Boston and has in the neighborhood of $1.4 In 2016, the company faced a setback when its founder, Renaud Laplanche , was fired for irregular loan practices. FinTech LendingClub is purchasing Radius Bancorp for $185 million in cash and stock, according to a report by CNBC. billion in assets. million valuation.

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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. New York City and Miami were the original targets under the first order in 2016. In the GTO, FinCEN began requiring U.S.

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