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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

the San Francisco-based online bank, had the last laugh. Department of the Treasury that charters and regulates financial institutions. The initiative was co-led by new investor Gallatin Point Capital LLC, a Connecticut private investment firm, and existing investor The Rise Fund , a global impact investment fund. million.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. In Connecticut, for example, you cannot buy tickets with a credit card.

Ohio 103
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What Shiny New Life Insurance Startups Can Learn From My Mistakes

Tech and Finance

Having founded a financial services startup previously, I assumed that I would be able to buy a basic term life insurance policy completely online. Haven Life, the online life insurance agency I co-founded as a result of my own experience, turns one year old this month. Everything in life insurance is subject to regulation.

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Senate Panel Eyes Algorithms, Social Media and ‘Persuasive Technology’

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The hearing, held by the Senate Commerce subcommittee on Communications, Technology and Innovation, queried researchers and others who were critical of using AI to suggest content to end users. The hearing came in the wake of, and continuance of, debate on privacy concerns for online users, as Reuters noted.

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FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers

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history, but a part of global economic development stretching back centuries: First comes innovation, then comes growth based on that innovation (not just economic, but cultural and other forms of growth), then comes the regulatory backlash. It’s a process that stands not only as a familiar feature of U.S.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. Iowa, for instance, is considering letting casinos and racetracks offer on-site and online wagering.