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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

A former Uber executive is planning to launch a $250 million initial public offering (IPO) for a blank check company whose advisors include billionaire Eric Schmidt, an ex- Google CEO, IPO Edge reported. 2) for DPCM Capital Inc. , He was also a technology, media and telecommunications banker at Goldman Sachs.

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Today In Payments: Railsbank Closes $37M Funding Deal; Google Critics Demand Prompt Antitrust Enforcement

PYMNTS

urged antitrust regulators to act fast in enforcement toward Google. banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. Google Critics From US, UK Demand Prompt Antitrust Enforcement. UK BaaS Railsbank Closes $37M Funding Deal To Support Growth.

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Google Keeps Eye On India With Bid For $4B Stake In Jio

PYMNTS

Google is adding more fuel to its drive into India’s tech industry with a bid to buy a $4 billion stake in Jio Platforms, a Reliance Industries subsidiary in which Facebook has invested $5.7 Sources told Bloomberg News that Google could announce a Jio deal in the next few weeks. billion for a 10 percent stake.

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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

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PayPal, Google Give OCC’s Bank Charter The Cold Shoulder

PYMNTS

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].

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What’s your Bank’s Technology and Innovation Budget?

Bank Innovation

And for banks, making sure regulatory and security compliance is met on each technology undertaking only makes those costs larger. But innovation is a must for banks, who are not only competing with fintechs like neobanks, PFMs, and payment companies, but also with the likes of Amazon, Google, and even Walmart. But […].