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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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New Digital Experiences Keep Credit Unions Relevant – And Then Some

PYMNTS

Like their cousins in banking, credit unions (CUs) long enjoyed a relaxed pace of technological change. Arizona-based FI consulting firm Cornerstone Advisors noted that just three major banks have 47 percent of the accounting and payment services sector’s $11 billion.”. It was all on their timetable. Not anymore.

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Why Voice Authentication’s Doing Prison Time

PYMNTS

New technology often starts out at the U.S. Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers.

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Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. Office, participated in a panel on data, privacy, and fraud prevention policy. Questions directed at Ms.

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Bitcoin Daily: Block.one Gets Patent For DLT That Monetizes Social Media Posts; Bitfinex Seeks US Subpoenas To Track Down $800M In User Funds

PYMNTS

According to Block.one, the first hash value of the original content will be stored on the distributed ledger technology (DLT). In other news, crypto exchange Bitfinex wants to get back over $800 million in seized funds in four different countries via an investigation into payment processor Crypto Capital, according to CoinDesk.

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How Blockchain Tech Could Disrupt Real Estate

CB Insights

While historically a “pen and pencil” business, technology has begun to push the global real estate market into digitized approaches. In this analysis, we dig into how blockchain technology could change the real estate industry, and the areas where we’re already seeing its impact. GET the 47-page blockchain TRENDS report.

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Powa Technologies. The problem, of course, is that Holmes’ technology was a sham. Table of Contents. US Patent Images.

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