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Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation

PYMNTS

Also, banking FinTech Finastra was hacked. Banking FinTech Finastra was hit with a security breach on Friday (March 20) and was forced to shutter key systems and send employees home. As China’s Banks Encourage Loans, Default Fears Mount. Morgan Stanley told clients to expect U.S. Finastra Hacked, Forced To Shut Down Key Systems.

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Top News In Payments: Santander Acquires Ebury Stake, Goldman Sachs Extends $10B In Apple Card Credit

PYMNTS

Securities and Exchange Commission (SEC) and the U.S. Santander Takes Big Stake In UK FinTech. Restaurants like Dallas-based Malibu Poke are using facial recognition technology to allow customers to re-order their meals by looking at self-service kiosks. The firm tweeted later in the day that the glitch was fixed.

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Startup Roundup: The Name Of The Game Is Speed

PYMNTS

nanopay: Bringing Speed, Security To Cross-Border Digital Payments. The FinTech’s technology uses cryptography – not blockchain – to secure payments, allowing for faster, more secure transactions with the ability to achieve greater scale. Emailage: Embarking On The ‘FinTech Roadshow’. First, on Oct. 11 through Oct.

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Why Digital Lenders Are Tightening Their Lending Criteria

PYMNTS

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. The move comes in the face of growing evidence that the loans they have sold and secured have not quite performed up to par. ” Will those securities pay?

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Watch 10 Fintech Startups Pitch at FIS Demo Day 2020 (April 14)

Fintech Labs Insights

In the past 5 years, FIS’s accelerator has helped 57 startups find product/market fit in the difficult-to-get-started fintech world. Cirrus Secure 7-minute demo @FIS Fintech Accelerator Demo Day. Cirrus Secure. Description: Secure document portal for lenders. Award: MVP of the FIS 2020 Fintech Accelerator.

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BankLabs Chooses William Mills Agency for Public Relations Services

William Mills

With offices in both Dallas and Little Rock, Ark., These transactions are secure, fully automated and provide examiners with an easily reviewable, paperless audit trail. BankLabs has bank customers in 28 states and two countries, as well as development consortiums to facilitate development with bank partners.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

Here are the fintech deals by size from 12 March to 18 March 2016: Future Finance. Ghaio Fintech. HQ: Dallas, Texas. The post Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18 appeared first on Finovate. P2BInvestor added $5 million in debt for its SMB crowdfunding platform. Alt-lender to students.

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