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Equifax Buys Commercial Credit Data Company Ansonia

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Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. trillion in accounts receivable data from industries in North America. In contrast, the credit data company’s international revenues in Q2 fell during that time, according to a statement.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

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Amid that growth, many of those lenders stated they have been using alternative data in tandem with what might be termed “traditional” information as they make credit decisions. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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StanChart Deepens China Focus With Innovation Lab Launch

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bank Standard Chartered is expanding its network of innovation labs with the launch of an eXellerator lab in Shanghai, reports said this week. The latest lab will aim to promote collaboration between the bank’s employees, corporate clients and FinTech partners to develop new financial services for businesses.

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China’s Wanwu Xinxuan eCommerce Platform Lands $20M; Experian Acquires FinTech Startup To Enhance Open Data Offering

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Chinese social eCommerce platform Wanwu Xinxuan has raised $20 million in a Series B round of financing led by Fresh Capital, with participation from Redpoint China Ventures, according to Deal Street Asia. The deal combines Experian’s global open data solutions with Look Who’s Charging’s advanced enrichment capabilities. “The

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Nav Rolls Out Updated Embedded Financing Tool

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The method will grow tenfold in the next five years, the release stated, citing a Lightyear Capital analysis, as businesses look for ways to access simple, transparent business solutions. Traditional banking isn't built to serve small businesses, and financial technology is quickly filling that gap,” he said, according to the release.

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Singapore Eases Regulations Over Venture Capitalists

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Singapore is changing its rules on venture capital in an effort to support economic growth, reports said this week. Singapore’s central bank will no longer require venture capital managers to appoint directors that have at least five years of fund management experience as they have been.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

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With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. As companies elevate their use of payroll cards, Galileo Financial Technologies is rolling out its own solution to facilitate employee compensation.

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