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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

While AOBA provides a fertile forum for buyers and potential sellers in the bank M&A space to commensurate, the crowd uses this valuable face time to also delve into discussions about the economy, strategic growth, fintech innovation, competition, and talent wars.

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Alexa, Stolen Fingerprints And The Rest Of The Week’s News

PYMNTS

Security researchers at Kaspersky Lab revealed at the Kaspersky Security Analyst Summit in Singapore that a dark net marketplace has emerged, in which hackers are selling digital fingerprints for anywhere from $5 to $200. KVC Health Systems, a child welfare nonprofit based out of Kansas City, has been hit with an email scam.

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Envel is the New Simple Bank (Fintech Startup of the Week)

Fintech Labs Insights

They have said they are working with BaaS provider Cambr and Q2 for digital banking technology. On the banking side, the startup is working StoneCastle for deposits and Kansas City-based nbkc bank to power banking services, including a soon-to-be-launched debit card.

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Fintech Fundings: 19 Companies Raise $1.3 Billion Week Ending Oct 1

Fintech Labs Insights

Fintech circles were abuzz this week as four massive fundings pushing several companies higher up the billion-dollar valuation ladder (yep, I can avoid the U-word if I really try). student loans, the worldwide fintech total surpassed one billion ($1.254 billion to be precise) thanks to Paytm ($675 million), Avant ($325 million) and 17 others.