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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: 20 Companies Raise $300 Million Week Ending July 17

Fintech Labs Insights

While the data wasn’t broken out by sector, I’d wager that last quarter’s $5 billion in fintech startup funding was 5x to 10x more than in 1999/2000. But at least in fintech, there are vast opportunities to improve existing processes and open new markets. Regulatory compliance solutions for new account opening.

Fintech 12
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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. Risk management for capital markets. Tags: Institutions, compliance, risk mananagement, trading, investing. Buzz Points grabbed $1.8 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. SourceDay noted it plans to use the new funding to focus on marketing and product development.

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. While still relatively new, biometric technology is a growing market , and its advantages are driving increased adoption. Source: New York Times.

Meeting 101