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Israeli Tech Startups Closed $8.3B Investment Deals In 2019

PYMNTS

Israel’s technology sector had a banner year in 2019, raising $8.3 2019 marked a record year, capping a decade of successive increases in capital invested in the Israeli high-tech industry,” said Shmulik Zysman, ZAG founding partner. billion in 199 deals in 2019. High-tech companies raised $39.1

Capital 160
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Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation. For the December poll, Bank Innovation asked readers to name a technology, aside from the obvious - artificial intelligence, that would be most prominent in 2019.

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Capital One Reports Drop In Domestic Card Average Loans Amid Pandemic

PYMNTS

Capital One reported on Thursday (Oct. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3 Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64 Capital One’s net charge-off rate fell 48 basis points compared to Q3 2019 to 3.64

Capital 175
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Chinese Tech Sector Faces Capital Crunch

PYMNTS

Numerous unicorns were among the hundreds of Chinese tech firms that toppled in 2019 as the economy soured and startups went through piles of cash, The Financial Times (FT) reported on Monday (Jan. The tech closures come as a funding shortage has investors wrestling with the end of a venture capital (VC) boom. . billion ($2.5

Capital 132
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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. seconds on average through EMV 3DS.

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Federal Reserve ends consent order regarding 2019 Capital One breach

American Banker

The announcement resolves the final outstanding order between Capital One and prudential regulators over its 2019 cyber incident.

Capital 36
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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141