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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. LaunchPad Medical of Lowell received a $2.5

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Boston Telemedicine Company Amwell Prices IPO

PYMNTS

Amwell , the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. filed its initial public offering (IPO) with the Securities and Exchange Commission late Tuesday (Sept. Ryan Krause , vice president at Epic Systems Corp.,

Boston 159
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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

PYMNTS

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. Background for genAI use cases Defining generative AI for banking Generative AI is a class of artificial intelligence (AI) models that can create new content—text, images, audio, or video—from existing data.

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FedNow implementation: What fraud and AML professionals need to know

Abrigo

“Financial institutions will have different appetites, so they will have time to learn about it and learn from the activity of others before their bank or credit union does it.” Secure access. Reviewing and considering a boost to security controls for account enrollment ahead of FedNow implementation.

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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Payments 244
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‘Google Checking,’ T-Mobile Data Breach Top This Week’s News

PYMNTS

The data did not reportedly include password information, Social Security numbers or financial information. 25) that it secured $1 billion in new funds from Japan’s SoftBank and China’s Alibaba affiliate Ant. T-Mobile Data Breach Puts Personal Data Of 1M+ Customers At Risk. That’s how Silicon Valley feels right now.”.

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