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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

Boston 151
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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.

Boston 100
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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

El Paso 195
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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. However, the FinTech wants to reestablish itself in the market as a full-fledged bank. billion in assets. million valuation.

Fintech 242
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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

“I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. Now is the time to develop a more coherent digital strategy to decide where to play and how to invest.”.

Boston 109
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Bain Capital Nets $800M For Business Impact Funding

PYMNTS

The WSJ reported that Boston-based Bain raised the funds even though other global impact funds have struggled with fundraising this year, drawing just $14.6 The first fund, called Bain Capital Double Impact Fund, was registered with the Securities and Exchange Commission in July 2016. billion through Nov. 20 compared with $76.2

Capital 188