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How to Offset an Evaporating Data Center

Gonzobanker

A decade ago, many financial institutions were bringing as much technology as possible in-house as a way of controlling their destinies and customizing their core platforms and data warehouses. In the cloud” is common technology vendor-speak for ASP, service bureau, outsourcing, pay-per-click, and a variety of other delivery models.

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Loop-Powered Samsung Pay Launches

Fintech Labs Insights

Featuring technology from Finovate Best of Show winner LoopPay , Samsung’s Samsung Pay mobile payment service is on its way. We spotted founder Will Grayling on the CBS Evening News last night demoing the technology at a Manhattan retailer. The technology will be available for free download on Galaxy S6 and S6 Edge.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Gift cards backed with public company equity. HQ: San Jose, California. Fingerprint-authenticated payment card. HQ: Boston, Massecheusetts. Real estate technology. Card rewards management. Tags: Consumer, credit cards, rewards, travel. Source: Re/Code. Latest round: $15 million. million Seed.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

Credit cards offer rewards but over 60% of payments are made on debit cards. Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Katerina Frolovicheva (MD, Technologies Innovations). Plus the 1% rewards.

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55 US Companies That Became Unicorns In 2018

CB Insights

New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Select Investors: Camelot Venture Group, Align Technology, Kleiner Perkins Caufield & Byers, Spark Capital, Clayton Dubilier & Rice. Plaid Technologies. Valuation: $3.2B. Total Funding: $1.3B. Valuation: $3B.

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Finovate Spring 2018 – Day 2

William Mills

Again another financial wellness platform using machine learning technology. HQ: Boston, MA. A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm. Info: Fiserv is a leading global leader in financial services technology solutions.