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Boston Market Deploys AI To Fight Fraud, Improve ROI

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to provide its dispute management solutions to the latter’s security platform. Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI. Bad actors are eager to capitalize on eateries’ strained resources during the pandemic and blend in with the influx of consumers migrating to these new channels.

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52 Boston Startups Net $1.5 Billion+ In May

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Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. BostInno reported that fundraising for new investments by venture capital and private equity firms was less but still evident. Below are the startups that raised capital in May, according to data compiled by BostInno.

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Bain Capital Nets $800M For Business Impact Funding

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Bain Capital has raised $800 million for a social impact fund — a category of investment vehicles whose stated objectives are to advance social or corporate governance policies in addition to turning profits, the Wall Street Journal reported. The new fund, called Bain Capital Double Impact Fund II, was registered with the SEC on Aug.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

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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.

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Eastern Bank Readying For IPO

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Boston-based Eastern Bank , the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. Securities and Exchange Commission (SEC) of its plans for an initial public offering (IPO). “The

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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. A convenient, yet secure solution could be just a few taps away, however.

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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

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This latest round of funding brings Cybereason’s total amount raised to approximately $400 million, with previous investors including CRV, Spark Capital and Lockheed Martin, according to a press release. Founded in 2012, Cybereason boasts distribution in all major global markets.

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