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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised. Honorable Mention.

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Time on Tuesday (Sept. 22) at the earliest.

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Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. 1 to adjust their standards in compliance.

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Facebook Faces Scrutiny For Sharing Info With Device Makers

PYMNTS

As it turns out, Facebook handed an awful lot of user information over to phone and other device makers as it pushed to become the dominant social media network on the planet. The practice, however, raised FCC concerns back in 2011 — and drew a compliance and consent decree.

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Actiance Now Supports Compliance for Instagram

Fintech Labs Insights

Now that Instagram has launched separate profiles for businesses, social network compliance company Actiance has stepped in to help banks engage in their own Instagram account in a compliant way. ” Actiance helps banks and financial institutions manage, secure, and ensure compliance across applications and social media platforms.

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Inventor Of The Web, Tim Berners-Lee, Wants To Take It Back

PYMNTS

This would seem to be a favorable time for digital products and services that emphasize privacy and data security. Not only is Facebook still trying to get ahead of the Cambridge Analytica data scandal , but new laws in Europe and California are designed to give consumers much more control over their digital information and personas.

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Google, Amazon, Facebook, And Apple Are Hiring To Defend Against The ‘Techlash’

CB Insights

The Edelman Trust Barometer shows that public confidence in search engines and social media platforms fell 11 percentage points from 2017 and 2018. Now tech companies are facing a wave of “techlash” — backlash resulting from rising concerns around privacy protections, election security failures, and ethics lapses.

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