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Today In Payments: MineralTree Raises $50M, Buys Two Companies; Robinhood Raises $460M

PYMNTS

24) announced a $50 million Series D investment round and the purchase of two companies: Inspyrus, a Silicon Valley FinTech that specializes in AP, and Regal Software, the Atlanta-based provider of B2B disbursement software. Trading FinTech Robinhood Markets Inc. Trading FinTech Robinhood Markets Inc. MineralTree Inc.,

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What The Trendsetters Say About How We Will Pay Next Decade

PYMNTS

In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. Bridge millennials own slightly more devices than the average consumer in our study: six devices compared to the roughly five that most consumers own. This group of 60 million U.S.

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Credit Unions’ Digital Future: More Like YouTube, Less Like Online Banking

PYMNTS

Digital banking is not the main element that drives consumers toward using a credit union. Millennials, Bridge Millennials and the rapidly up-and-coming Gen Z consumers mostly prefer digital banking as their go-to when they interact. That result, Chambers noted, is just an average.

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The Finanser’s Week: 30th January – 5th February 2017

Chris Skinner

A summary of the main blogs of the week … The Semantic Regulator (#RegTech Rules) A bank has to make a regulatory change every 12 minutes. I guess that’s because there are a lot of FinTech startups focused on the B2B2C structures like Leveris, Thought Machine, Solaris, RailsBank, ClearBank, CBW and more. That’s some task.

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How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

PYMNTS

One such brand looking to expand within the next year is German challenger bank N26 , which is seeking to branch out of its native Europe and into the United States. Thailand’s United Overseas Bank , for one, is opening a fully digital brand this year called TMRW. Around the Digital Banking World. About the Tracker.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

That raises several questions for FIs, FinTech firms and payment service providers as they figure out how to best navigate this changing world. Another factor in all of this is the rise of FinTechs, often backed by favorable regulatory headwinds designed to promote more innovation in payments, including the sharing of data with legacy FIs.

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What Payments Players Had To Say About Innovating Payments In A Pandemic

PYMNTS

As much as a click from the Kardashians helped spread the brand awareness and jump-start his company, Molnar said, as a spending trend among young consumers set the stage for BNPL's success. We’re really focused right now on leveraging the PayPal consumer franchise [to get consumers] back into the SMBs on Main Street. That’s our No.