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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. 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.

National 172
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Walmart Revs Up Second Test Program For Drone Delivery

PYMNTS

Walmart said in a news release that the trial deliveries will use Zipline technology. Zipline will operate from a Walmart store and can service a 50-mile radius, which is about the size of the state of Connecticut.”. Zipline’s website says the company has the “fastest and most experience drone delivery service.”.

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI). Embarking On A Digital Transformation.

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US Patents Hit All-Time High In 2019

PYMNTS

Almost 50 percent of IBM’s 2019 patents related to “hot-button technologies such as artificial intelligence (AI), cloud computing, security, blockchain and quantum computing.”. The top 10 fastest-growing technologies by U.S. “China showed the most growth [by country], moving up to a 5 percent share of U.S.

US 150
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36 Hours at Fintech Meetup: Three Themes from the Las Vegas Event

Gonzobanker

Two AI tools in the wild: Bankwell , a Connecticut bank, is piloting an AI tool to help small business owners apply for loans at whatever time works for their busy schedules. Xero , an accounting technology provider, now offers a chatbot for small businesses. It wasn’t the only auto dealer with similar chatbot issues.

Las Vegas 156
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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. Connecticut. Connecticut Innovations. Innovation Catalyst. Slater Technology Fund. Top Investor.

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The Real-Time Payments Receivables Conundrum

PYMNTS

In 1880, he published a book titled “ The Art Of Money Getting ” to share what he had learned as an entrepreneur and local politician in the town of Bridgeport, Connecticut, where he and his family lived. Inertia can be the death knell of any innovation – and in payments, it’s the proverbial showstopper.

Payments 152