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JPMorgan Ups Security By Blocking FinTechs From Passwords 

PYMNTS

The downside of data sharing has come full circle as JPMorgan Chase strives for enhanced protection by blocking FinTech apps from accessing customers’ passwords, The Financial Times (FT) reported on Tuesday (Jan. Account aggregators Yodlee and Plaid were among the first FinTechs to sign on to using tokens for Chase transactions. .

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Banks Need FinTech To Stay Competitive – And Secure

PYMNTS

FinTech Continues Its Disruption. In a recent interview with PYMNTS, Mike Galarza, founder and CEO of AP automation firm Entryless, touted 2016 as the year that corporates stopped relying on banks. “As The list of cyberattacks on banks from 2016 is long. So, what can corporates expect from their banks in 2017?

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Top 10 Blockchain Headlines of 2016

Bank Innovation

Blockchain—possibly the buzziest of buzzwords in 2016. The world saw the rise of new enterprise blockchains, how the technology might be used to transport gold, to safely move perishable items like pork through a supply chain, and most importantly for those of us in the fintech trenches, we saw banks, Read More.

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UK Retail Banks Draft FinTech Alliance Guidelines

PYMNTS

banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). The new guidelines, developed by the British Standards Institute (BSI), aim to address issues that interfere with FinTech firms and banks forming alliances.

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Payments 2016: The Year Of Capitulation

PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

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Fintech Financings Pick Up at Yearend: BlueVine, Kreditech, ApplePie

Bank Innovation

Investors appear to be racing to disperse funds before 2016 comes to an end — and fintechs are benefiting. Also filling their piggy banks were security and wealth management startups. In the past week, alt-payment companies have led the pack with eight-figure fund raises from high profile investors.

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Facebook, Celebrities Join $50 Million Series B For FinTech Startup Step

PYMNTS

Silicon Valley FinTech startup Step has raised $50 million in a Series B funding round, the company announced Wednesday (Dec. Step customers get a bank account that is insured by the FDIC, as well as a secured spending card backed by Visa and the P2P payments platform. Users can transfer funds in real time without any fees.

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