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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Chertoff Capital made a “significant” equity investment in the round, the company said. Cybersecurity. Back-Office.

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Amazon Sizzles, Plenti Fizzles And Goldman Gets Its Consumer Banking Groove

PYMNTS

In recent years, its core trading business has slowed, and its capital market and merger businesses have been fairly flat. According to reports in The Wall Street Journal in early April, the bank has hired away a senior engineer at JPMorgan to develop cash management tools as it eyes an entrance into the commercial banking market.

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4 Ways Global Transaction Banking is Changing

Banking 2020

2014 also saw a convergence of many regulations, including Basel III, the Foreign Account Tax Compliance Act and the Dodd-Frank Act, which all impact this area. Boston Consulting Group (BCG) expects both volume and value of transactions to increase by about 9% per year reaching about 750 billion transactions valued at $782 trillion by 2020.

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2021 GonzoBanker Awards

Gonzobanker

With large banks, including Ally and Capital One, officially doing away with overdraft fees, banks and credit unions will have to decide how they want to handle the new reality. Chime does this already with its SpotMe tool, which allows up to $200 in debit transactions without overdraft fees. Be Careful What You Believe Award.

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. However, the model doesn’t currently allow companies to issue new shares, meaning that DPOs do not raise any capital for the company. STAYING PRIVATE.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. There’s a complexity to getting these tools operational that compounds at scale. There were great, successful companies.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

HQ: Boston, Massachusetts. Investment tools for institutional investors. Income tax preparation app. Tags: Consumer, tax prep. Source: Crunchbase , Finovate. Goji (formerly Consumers United). Consumer insurance portal. Latest round: $19 million. Total raised: $89 million. Source: FT Partners. D3 Banking. FundedByMe.

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