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Banks Need FinTech To Stay Competitive – And Secure

PYMNTS

A paper published by Boston Consulting Group (BCG) described today as a critical moment in banking history as players face pressure from alternative players and corporate clients that demand newer, better services. The time for this radical shift is now,” Boston Consulting Group declared.

Security 181
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Data analytics for financial services companies. HQ: Boston, Massachusetts. Tags: Enterprise, BI, metrics, analytics, big data. Derivative risk management. Latest round: $7 million Debt. Total raised: Unknown. HQ: Surrey, British Columbia, Canada. Source: Crunchbase. Blockchain technology for securities. FI Navigator.

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Fintech Fundings: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

Regulatory compliance solutions for new account opening. Source: Boston Business Journal. Big data analytics for financial institutions. Tags: Data analytics, business intelligence, BI. In total, 20 companies raised $294 million, all in equity (as far as we know). HQ: Dublin, Ireland. Latest round: $75 million.

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Fintech Fundings: 38 Companies Raise $220 Million the Second Week of June

Fintech Labs Insights

CrowdFlower tapped Microsoft to lead a $10 million round to further its big data analytics. Data analytics platform. HQ: Boston, Massachusetts. Tags: Institutions, compliance, risk mananagement, trading, investing. Bento for Business landed $7 million for its digital business banking platform. Source: Crunchbase.

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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

In what’s becoming an increasingly popular theme for B2B startup investors, this week’s funding rounds for B2B startups largely centered on tackling data silos and empowering the enterprise with the insights that data can provide. Reports in Reuters said this week that private equity firm KKR & Co.

Analytics 176
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Reopening: The Tech-Enabled Office In A Post-Covid World

CB Insights

Individuals using Alipay’s Health Code fill out a form in the app and the software uses big data to generate a QR code depending on a user’s contagion risk. It can also be used to track worker compliance. It’s left up to the employer to decide whether to keep or delete personal data.

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