Credit Suisse Suspends Investment Funds Linked To Greensill Capital

PYMNTS

Credit Suisse Group AG has frozen $10 billion in investment funds that have powered Greensill Capital , which focuses on supply chain finance, a kind of cash advance. B2B Payments B2B Credit Suisse funding Greensill Capital Investments News What's Hot In B2B

Capital One to Be Fully on Public Cloud by End of 2020

Bank Innovation

Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud by the end of 2020, Chairman and CEO Richard Fairbank said during the bank’s first-quarter earnings call on Thursday. based bank is expecting its full-year operating efficiency ratio to improve to 42% in […]. Open Banking Operations Premium Retail Security & Risk Amazon Web Services Bottomline Technologies Capital One cloud banking digital banking earnings

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The To Do List for Security Token Platform operators

Daily Fintech

Sheldon Freedman will return next week with the last of his 4-parter on Security Tokens. What do entrepreneurs and investors want and how do their needs offer a To Do List to Security Token platform operators? Security Tokens can tokenise just about any asset. To Do List for Security Token platform operators. These are the 5 things that Investors want from a good Security Token platform. What entrepreneurs want from a Security Token platform.

Capital Float On The Path To Video-Based KYC Implementation

PYMNTS

Developing a quick, seamless and secure onboarding process for financial institutions (FIs), lending startups and other financial services providers has long posed its trials. Capital Float had provided 500,000 clients with $1.2

Video 227

NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

Retail and hospitality technology firm NCR Corporation is looking to acquire ATM operator Cardtronics for $39 per share, or about $1.7 In mid-December, Cardtronics announced a $35 per share offer by Apollo Global Management and Hudson Executive Capital.

Porter Capital Offers New Funding Tools To PPP Recipients

PYMNTS

Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.

Operational holes cause breaches more than security glitches

Payments Source

ISO and agent Data breaches Payment fraud Capital OneWith lots of day-to-day IT tasks and countless systems to configure, it's easy to make mistakes, says Brian Kelly, CEO of CloudBolt.

Highspot Secures $60M In Funding Round Led By ICONIQ Capital

PYMNTS

Sales enablement platform Highspot announced it has secured $60 million in Series D funding. ICONIQ Capital led the round, with participation from new investor Sapphire Ventures and all existing investors including Madrona Venture Group, OpenView, Salesforce Ventures and Shasta Ventures. “They are poised to capitalize on several powerful trends including the growing importance of sales enablement as a critical pillar of the modern sales and marketing technology strategy.”

Cybersecurity Firm Agari Warns Of Email Capital Call, Payroll Scams

PYMNTS

Capital call investment schemes are the latest kind of fraud that bad actors are harnessing to bilk Wall Street businesses and their customers out of $800,000 on average for each incident, according to a Wednesday (March 3) press release from the cybersecurity company.

Network Security Firm CUJO Raises More Capital

PYMNTS

based company whose artificial intelligence-powered software platform enables in-home network security for network operators, after a Series B funding round. CUJO’s leading edge technology will help Charter enhance its superior connected home experience, providing customers advanced security, privacy and additional control over their in-home networks,” said Andrew Ip, senior vice president of emerging technology and innovation for Charter Communications, in a statement.

B2B FinTechs Show Signs Of Mid-Year Venture Capital Lull

PYMNTS

Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. PYMNTS breaks down the companies that did manage to secure funding, below.

Clearco: Performance-Based Financing Bridges Digital SMB Capital Divide

PYMNTS

Raising money via the venture capital route takes time, and in many cases, connections via a personal network. That’s why D’Souza noted that, for a performance-based financing model to be successful, it must inform the borrower’s operational and financial success.

SMB Financing Fuels Week Of B2B Venture Capital

PYMNTS

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. India-based Xtracap secured $1 million in angel funding, YourStory reported.

InnoVen Capital Helps Its Startups Secure Traditional Financing

PYMNTS

Startups in India have been looking towards venture capital for financing in the absence of traditional bank loans. And while InnoVen Capital is a top provider of that capital, it’s now looking to facilitate startups’ search of traditional financing by teaming up with other lenders. Our existing clients need traditional debt for working capital, leasing equipment or extending back guarantee to vendor,” explained InnoVen Capital India CEO Ajay Hattangdi. “We

Sinemia Shuts Down U.S. Operations Amid Lawsuits

PYMNTS

operations. It’s also struggling with a lack of capital, which prompted the move. In a letter on its webpage, Sinemia said it was ending operations in the U.S. While we are proud to have created a best-in-market service, our efforts to cover the cost of unexpected legal proceedings and raise the funds required to continue operations have not been sufficient. operations,” Sinemia wrote in the letter.

Capital Markets and IDs

Daily Fintech

It is cloud computing, cryptography, public key encryption and peer-to-peer networking protocols that are the critical “cooking ingredients” for recipes that can solve costly and basic problems in Capital markets, like provenance, authentication and reconciliation. In this post, we zoom into the Digital identity issue (whether for an end-user or a corporate entity) in Capital Markets. Being able to have a secure way to divulge only the granular bits of information is the key.

Capital Markets and IDs

Daily Fintech

It is cloud computing, cryptography, public key encryption and peer-to-peer networking protocols that are the critical “cooking ingredients” for recipes that can solve costly and basic problems in Capital markets, like provenance, authentication and reconciliation. In this post, we zoom into the Digital identity issue (whether for an end-user or a corporate entity) in Capital Markets. Being able to have a secure way to divulge only the granular bits of information is the key.

Coast Capital On Weathering The Pandemic And Planning For The Future

PYMNTS

Everyday operations ground to a halt for most consumers, businesses and financial institutions (FIs) when the pandemic began, and credit unions (CUs) were no exception. The CU tapped its security and technology divisions to receive the guidance and equipment to make this a reality. “We

Bitcoin Daily: SEC Alleges John McAfee Fraudulently Promoted ICOs; Bank of Canada: CBDC Would Present Security Risks; Fraudsters Capitalize On Crypto’s Finality

PYMNTS

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The U.S.

Young B2B FinTechs Secure Their First VC Rounds

PYMNTS

A French payroll FinTech secured the lead with a nine-figure investment round, but this week's B2B venture capital roundup is dominated by younger B2B FinTechs announcing their first venture capital funding. The company, which secured $4.3

Social Capital Hedosophia Launches New SPAC, Seeks $500M

PYMNTS

Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. Bloomberg writes that they've now confidentially filed with the Securities and Exchanges Commission (SEC), according to unnamed sources.

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. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors.

Enterprise Cloud Platform Company Takes The B2B Venture Capital Lead

PYMNTS

But it was a Bellevue, Washington-based beauty and wellness industry enterprise software firm that secured the largest funding this week, coming in at $160 million. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate.

AMC Dodges Bankruptcy With $917 Million Capital Infusion

PYMNTS

Struggling movie theater chain AMC Entertainment Holdings has dodged bankruptcy by raising $917 million in new equity and debt capital, a move it says should allow it to stay in business “deep into 2021.”. AMC said it has been receiving new capital since mid-December.

Capitalizing AI for Safer Banking

Banking Exchange

How Banks Are Achieving Smarter Fraud Detection Risk Management Technology Security Feature Feature3 Cyberfraud/ID Theft Operational Risk. 1Risk Management

Top 5 Fintech Capital Raises: The Fintech Punks

Bank Innovation

Corporate Online Operations Payments Security Technology Virtual Currency auto-trading auto-trading portfolio credit digital banking Fina Zero iQalpa Iran Kreditech loan brokerage P2P Pomegranite Investment ABFeeling out of place? The five startups below may have the frontier know-how you need. Last week we looked at a group of fintech companies spanning the world with a suite of Series B rounds.

Israel’s Red Dot Capital Likes Southeast Asia’s COVID Comeback Story

PYMNTS

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia.

Small Businss Banking Secures New FinTech Unicorn

PYMNTS

There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. But the biggest round of the week went to a challenger bank, which also secured unicorn status with its latest funding. Hub Security.

The Cloud Surrounding Banks’ Data Security (In The Cloud, Too)

PYMNTS

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. There will be accidents, especially in the cloud,” Korbinian Ibel, a director general at the ECB’s supervisory operations, said in the report. “It’s The warning comes as banks have been enlisting the aid of tech giants like Microsoft and Amazon, while bringing operations and data to the cloud.

Deep Dive: Slowing Down, Saving Up: Capital Management Conundrums

PYMNTS

Operations like these are not just time-consuming and costly, but also challenging to handle during the pandemic. Many are also taking the opportunity to go the extra mile in streamlining their accounts receivable (AR) and accounts payable (AP) operations.

Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. The filings also indicated that interest income would be spread across operating segments.

Senators Want FTC Probe Into Amazon On Capital One Breach

PYMNTS

Democratic Senators are calling on the Federal Trade Commission (FTC) to conduct an inquiry into Amazon regarding the Capital One breach, The Wall Street Journal reported on Thursday (Oct. Elizabeth Warren of Massachusetts wrote a letter to the FTC outlining allegations that Amazon knew there were cloud vulnerabilities where its customer Capital One kept sensitive data. The Capital One hack in July exposed data tied to over 100 million individuals in the United States.

Car-Sharing Platform Getaround Secures $25M Loan 

PYMNTS

has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans to venture capital-backed companies. . It currently operates in some 300 U.S. Peer-to-peer car-sharing platform Getaround Inc.

Xero Integrates Capital One’s New API

PYMNTS

Xero , the online accounting software company, announced Wednesday (May 10) a partnership with Capital One Financial Corporation to simplify direct bank feeds, credit card data and the bank reconciliation process. With direct, secure integration through Capital One’s new application programming interface (API), small businesses will be able to connect their Capital One financial data to their Xero cloud-accounting solution through a fully digital process.

Respond Software Closes $20M In Funding To Boost Operations

PYMNTS

Respond Software announced that it has closed a $20 million Series B funding round, led by ClearSky Security, with participation from previous investors CRV and Foundation Capital. The company, which develops Robotic Decision Automation (RDA) software for security operations, will use the funds to boost operations, and expand customer success teams across the globe. “We Investments expansion funding investments News Respond Software Security software What's Ho