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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. Many of them are government, corporate or university led, Dixon said.

Capital 298
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New Fed Rules Lower Liquidity And Capital Requirements For Most Banks

PYMNTS

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. The new rules mean that only the biggest banks won’t be allowed to lower capital requirements. percent less in capital and 2 percent less in liquid assets. .

Capital 100
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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.

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RTP Global Unveils $650M Startup-Focused VC Fund

PYMNTS

To continue supporting technology in regions all over the world from North America to Southeast Asia, Leonid Boguslavsky-founded RTP Global unveiled a new $650 million fund to keep investing in early-stage tech companies. The venture capital firm’s last fund totaled $200 million and was rolled out in 2017, according to reports.

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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

To lead strategic planning for the firm overall and in conjunction with its regional teams, Chris Newkirk is coming to Visa Inc. Newkirk has held multiple leadership roles at Capital One since 2008, most recently as president of Small Business, International & Walmart Partnership. as its new chief strategy officer. and New York.

Strategy 131
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New Fed Rules Lower Asset Requirements For Banks

PYMNTS

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. The new rules mean that only the biggest banks won’t be allowed to lower capital requirements. percent less in capital and 2 percent less in liquid assets. .

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Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. Since 2012, investments into the region have nearly tripled. GIC, Tiger Global Management, ICONIQ Capital.