PYMNTS

FEBRUARY 28, 2020

Capital One is going to increase its focus on digitization and close 37 branches around the U.S., Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad. Banks like Bank of America, JPMorgan, Zions Bancorp and Huntington Bancshares have all been spending on technology upgrades.

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PYMNTS

AUGUST 6, 2019

billion, with investors like Tiger Global, Andreessen Horowitz, Peter Thiel, Elon Musk, Google’s venture outfit Capital G, Sequoia Capital, Kleiner Perkins and other notable names in the space. There’s a very rich ecosystem for us in Latin America.”. It’s a popular choice for venture capitalists, and it has a valuation of $22.5

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America San Francisco Regional Capital 165

PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. We look forward to working with Bank of America to address critical market challenges and to expand the network’s reach and eco-system to a wider audience of corporate customers.”.

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PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. 16), MUFG Americas and GE Capital said MUFG Union Bank will acquire GE Capital’s supply chain finance platform for an undisclosed sum.

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PYMNTS

JULY 12, 2018

Welcome to The Axis, your late look at payments news from around the world. and Tata Capital has rolled out a new lending platform in India. news, London-based Glint plans to launch its account and app-based capability in the U.S. Tata Capital’s platform is developed in partnership with U.S. Coverage includes U.K.-based

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PYMNTS

MARCH 6, 2020

Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

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PYMNTS

APRIL 10, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. Banks were supposed to start taking in PPP applications on April 3, but only JPMorgan Chase and Bank of America (BoA) had the ability to roll out per a report on April 5.

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Taxes Tools Payments Los Angeles 216

PYMNTS

JANUARY 12, 2021

German food delivery platform Delivery Hero is launching its own early-stage venture capital (VC) firm — DX Ventures — that will be managed independently to focus on advancing founder-led startups. Delivery Hero operates in 50 countries in over 700 cities across Asia, Europe, Latin America, the Middle East and North Africa.

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PYMNTS

JULY 19, 2020

Equifund CFP CEO and Founder Jordan Gillissie said the capital raising is being done to help the industry come into the new digital age. “We’re proud Drop Delivery has chosen to open its doors to early-stage investors with Equifund CFP.”

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System Capital Payments Regulation 218

PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. Bank of America also reported that sales and trading revenue rose 35 percent to $4.4 BofA said its provision for credit losses hit $5.1 billion for U.S.

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PYMNTS

MAY 26, 2017

Bank of America is treading familiar ground for an big bank – Chase, Capital One and Wells Fargo have all made similar integrations with the likes of Intuit, Xero and Finicity. “We

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America Data Security Strategy 158

PYMNTS

OCTOBER 30, 2020

The PYMNTS Weekender is here to catch you up on the latest news at the end of another busy work week. Visa has signed a deal to acquire YellowPepper, which works with upstarts in Latin America and the Caribbean. Visa has signed a deal to acquire YellowPepper, which works with upstarts in Latin America and the Caribbean.

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Technology Apple Payments Capital 161

PYMNTS

AUGUST 9, 2019

Kavak CEO Carlos Garcia told the news outlet that SoftBank has been meeting with a lot of startups in the Latin American region. . “We However, on our side, as of today we do not have any investment news to share,” Garcia said. Mexico is Latin America’s second biggest economy, but its startup sector is trailing Brazil and Argentina.

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PYMNTS

DECEMBER 10, 2019

Indian business-to-business (B2B) marketplace startup Zetwerk has raised $32 million in funding, led by new investors Lightspeed and Greenoaks Capital , reports said on Tuesday (Dec. Manufacturers on the platform export their goods to North America and Southeast Asia.

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PYMNTS

OCTOBER 3, 2019

Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. The new mandate resulted in the transfer of servicing for 53 mutual funds and ETFs to Citi, representing around $80 billion in assets under custody, according to an announcement from Citi. “We

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PYMNTS

MARCH 19, 2019

Santander InnoVentures, Santander Group’s global corporate venture capital fund, announced Tuesday (March 19) its appointment of Chris Gottschalk as a senior adviser to lead the $200M fund’s strategic direction in the U.S. portfolio companies a stronger entrance into North America. It also gives the fund’s non-U.S.

America 161

America San Francisco Fintech Capital 161

PYMNTS

MARCH 25, 2020

According to Steward, which provides capital and helps farms set up internet platforms, farms have the potential to step up during the virus crisis and show that they can adapt. In related news, Instacart is planning to add 300,000 more full-service shoppers nationwide to help support cities during the crisis.

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PYMNTS

JANUARY 7, 2021

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

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PYMNTS

JUNE 26, 2017

Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. According to a news report , the move is part of an expansion of a program the company launched in Argentina in May.

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PYMNTS

OCTOBER 3, 2019

Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for its most recent acquisition. The new mandate resulted in the transfer of servicing for 53 mutual funds and ETFs to Citi, representing around $80 billion in assets under custody, according to an announcement from Citi. “We

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Capital America Security Lending 100

PYMNTS

MARCH 19, 2019

In November it raised $20 million in capital from investors. Proceeds from the funding round are slated for expansion into Latin America, where the firm plans to open an office. InstaReM, the Singapore FinTech startup that enables banks and consumers to send money across borders , raised $41 million in venture funding.

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America cryptocurrency blockchain Payments 160

BankInovation

FEBRUARY 26, 2021

This week Bank Automation News took an inside look at automation strategy at the $1.96 Meanwhile, Bank of America filed 722 patents with the U.S. Patent Office; Capital One and Wells Fargo are also among 300 companies that filed the most patents last year, with many automation-related patents among their applications.

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America Strategy Capital Company 64

PYMNTS

FEBRUARY 2, 2018

Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb. The news was confirmed by company spokeswoman Betty Riess. The news was confirmed by company spokeswoman Betty Riess.

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America Cards cryptocurrency Bitcoin 113

PYMNTS

NOVEMBER 7, 2016

The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. The Small Business Administration also revealed new records set in the value of loans provided to minority- and women-owned small businesses in the fiscal year. It’s one day to election day in the U.S.,

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America Fintech National Strategy 186

PYMNTS

DECEMBER 15, 2017

Credit card services provider TSYS announced Friday that it has extended its existing agreement with Capital One Financial Corp. Under the terms of that pact, TSYS will continue to provide processing services for Capital One’s North American roster of accounts, a list that spans both consumer and commercial credit card accounts.

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PYMNTS

JUNE 28, 2018

Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Mexico suffers the most cyberattacks in Latin America, followed by Brazil, according to the latest analysis from the Wilson Center. Fraud is a Top Worry. The Wider Costs of Cyberattacks.

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America Security Miami Conference 102

PYMNTS

AUGUST 22, 2019

Federal prosecutors believe that the woman allegedly responsible for the Capital One hacking is a danger to society who needs to stay in prison while awaiting trial. Thompson is accused of stealing personal data on more than 100 million Capital One customers. The Capital One theft “was only one part of her criminal conduct,” the U.S.

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PYMNTS

JANUARY 26, 2020

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. Alcanza Capital and Bontu. There will be other leading venture capital firms from international waters also joining with SoftBank, though the press release does not list them.

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Fintech America Capital Regional 247

PYMNTS

MAY 25, 2018

Venture capital activity in the B2B space found software and data management firms securing funding. That round was spearheaded by Tenaya Capital, with additional investors including Bloomberg Beta and Flybridge Capital Partners. Funding will be used for growth across Canada and Latin America.

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PYMNTS

APRIL 21, 2017

Things are looking far different for Bank of America compared to a few years back. And while the prospect of more interest rate hikes and a recent decline in treasury yields might concern some, Bank of America’s CEO is reportedly confident in both his company and the current health of the U.S. The Charlotte, N.C.-based billion from $3.47

America 100

America Charlotte Report Capital 100

PYMNTS

FEBRUARY 16, 2020

SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. billion, Bloomberg reported on Friday (Feb.

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Fintech America Regional Capital 174

PYMNTS

JANUARY 26, 2020

Anil brings 25-plus years of global banking experience across Europe, the Middle East, Africa, Asia-Pacific and the Americas. In addition, Monzo hired former Visa executive TS Anil as CEO of its U.S. operations, reporting to Bloomfield. He is charged with regulatory engagement and hiring to drive Monzo’s U.S. staff total to 20.

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Los Angeles Capital Digital Banking Fintech 193

PYMNTS

DECEMBER 17, 2020

The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. The modification comes with a rise to the FILO Loan via a collaborative effort between Tiger Finance and Bank of America. The merchant’s new $1.3 million members.

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Retail Pennsylvania America Capital 141

PYMNTS

NOVEMBER 8, 2016

growth rates also were positive in the all-important GBS segment, at 2 percent in Europe, though were up 12 percent in Latin America, buoyed by growth in Argentina and the Brazilian acquiring business. GFS, said management, saw strength in Latin America. First Data’s capital structure also improved, as the firm reduced net debt to $18.5

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America Data New York City New York 171

PYMNTS

MARCH 3, 2020

The company is also selling off Sage Pay, which is on track for a capital return of £250 million. In July, Sage started struggling as it moved its business model to cloud-based subscriptions, which caused its software revenue to plummet. In addition, cloud-native software startups like Xero and Tipalti became serious rivals. assets for $100.3

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America Software Operations Regional 130

PYMNTS

AUGUST 2, 2019

Hacker Arrested in Capital One Breach Affecting 100M+. Thompson formerly worked for Amazon Web Services, which hosted the Capital One database that was breached. With their joint venture set to end next year, First Data and Bank of America said they will pursue independent merchant services strategies starting in June 2020.

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Apple blockchain Data Retail 115

PYMNTS

MARCH 19, 2020

Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to a report by CNBC. Economist Michelle Meyer shared the news on Thursday (March 19). “We Jeffrey Gundlach of DoubleLine Capital said a recession is a 90 percent probability.

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