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Morgan Stanley Will Shutter Banking Operations In Russia In Q1 Of 2020

PYMNTS

Morgan Stanley will send the Russian central bank a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters. and EU made it too hard for Russian businesses to access international capital markets.

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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. The estimated value of the global intelligent vending machine market by 2025 is $15 billion. And digital disruptors are putting a new spin on vending machines.

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How Basel III Affected SMB Lending

PYMNTS

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). those lease capitalized ex ante) relative to other banks,” the FSB concluded in its report, “Evaluation of the effects of financial regulatory reforms on SME financing.”

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Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

PYMNTS

Online gambling is also picking up, with the market predicted to be worth $102.9 percent compound annual growth rate (CAGR) globally from 2020 to 2027. . million members using the service on April 4. billion in the U.S. by 2025 and to experience an 11.5

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Modern Card Issuer Marqeta Is Going Public. Here’s What It Means For Payments Tech & Issuer Innovation

CB Insights

The company is backed by VCs including Spark Capital, Lone Pine Capital, and Granite Ventures, as well as corporates like Goldman Sachs, Mastercard, and Visa. . Marqeta is currently trading at $16B in the private market. Massive market opportunity driven by the pandemic and shift to digital payments . Source: Marqeta S-1.

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