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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

The conversation came against a backdrop where the number of fundraising deals in the Southeast Asian region were higher in 2020, as measured through the second quarter — more than 60 percent higher over the second quarter of last year, in fact, to 184 deals as measured by DealStreetAsia.

Capital 298
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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

To lead strategic planning for the firm overall and in conjunction with its regional teams, Chris Newkirk is coming to Visa Inc. He served clients throughout tech, financial services and business intelligence in Europe as well as the United States. as its new chief strategy officer.

Strategy 131
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MUFG Intros Corporate Real-Time Payments 

PYMNTS

MUFG Union Bank is committed to supporting our clients’ movement toward real-time payments in the United States to enhance their experience.”. Four out of five banks in that region said that fraud losses have gone up. The RTP network is the first payments framework created in the U.S. in over 40 years, the release noted.

Payments 141
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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Information Commissioner’s Office, as Cambridge Analytics had harvested Facebook’s data tied to as many as 87 million users internationally. Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs.

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Bankruptcy Wave Hits Whole Foods Competitors

PYMNTS

Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. While regional players struggle, interlopers continue to strengthen. The number of supermarkets in the United States declined by 1.3 The number of U.S.

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Trending: FIs Use AI To Challenge Challenger Banks

PYMNTS

British challenger bank Monzo is among those moving into new product segments following its recent launch into the United States, announcing a partnership with AXA partners to provide travel insurance to its users. Banks both new and old are looking to launch additional products aimed at keeping customers away from their competition.

Trends 194
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Auto Lenders Use AI To Drive Safer Real-Time Disbursements

PYMNTS

This can be difficult, with a recent study finding that 78 percent of banks in the Asia-Pacific region reported rises in fraud after debuting real-time payments services. Advanced analytics technologies could help FIs tackle such issues, however, by making it easier for FIs to detect potential red flags.

Fraud 231