Fri.Jan 11, 2019

Postmates Raises $100M As Online Food Delivery Heats Up


The food delivery space keeps heating up — the latest news is that Postmates has scored a $100 million investment in advance of its initial public offering (IPO), expected with the first six months of 2019.

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Fewer Deals But More Dollars Flowed from VCs to Fintech Startups in 2018

Bank Innovation

Fewer but larger venture capital deals in 2018 translated into some big payoffs for fintechs. Fintech-related funding jumped 38% to nearly $11 billion in 2018, according to the 4Q18 MoneyTree Report from PwC and CB Insights. Deal activity in the space rose to 627 transactions, up from 571 in 2017.

US Rep Ocasio-Cortez Likely To Win Financial Services Committee Seat


In a move that could put a lawmaker against Wall Street and even some members of her own party, U.S. Alexandria Ocasio-Cortez (D-NY) is expected to gain a House Financial Services Committee seat.

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Podcast episode 14: Switch CEO discusses automating payment card data

Mobile Payments Today

Host David Jones, discusses automating payment card data, and how it protects cardholders and merchants with Switch CEO, Chris Hopen

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Indonesian Company Bukalapak Will Likely Receive New Funding


Bukalapak, an online marketplace company from Indonesia, will soon announce a new round of funding, according to reports. Naver Corp. is said to be one of the investors, as well as Ant Financial , which is the finance arm of Alibaba.

Distributed Ledgers Expected to be Most Prominent Financial Technology in 2019, Poll Finds

Bank Innovation

Distributed ledger technology will be crucial to innovation in digital banking this year, according to a poll conducted by Bank Innovation.

Five At Five: Apple’s New Phone Plans


Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes Apple’s latest idea, and a new seller solution head for Visa. Postmates gains fresh capital, Goodwill cracks down on counterfeits and biometric providers go for even bigger funding.

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More Trending

Facial Recognition Startup Megvii Mulls $1B Hong Kong IPO


In a move that could bring in as much as $1 billion in funding, facial recognition firm Megvii is reportedly mulling an initial public offering (IPO). Sources, however, said that the idea is still in its beginning stages and the plan is not set in stone, Deal Street Asia reported.

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3DS 2.0 - A Stepped up approach to Payment Authentication

Mobile Payments Today

3D Secure 2.0, a risk-based approach to authentication, can help issuers mitigate fraud and deliver a fast-lane, frictionless checkout experience to customers

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HP And PayPal Team Up For New POS Offering


In a move to target small and medium-sized businesses and hospitality companies, HP has announced it has teamed up with PayPal to release what it calls an “all-in-one” point of sale (POS) unit, with PayPal handling the payment processing and other financial-related services.

4 Ways to Measure Marketing Campaigns You (Probably) Haven’t Considered


When we need to measure marketing campaigns, most of us have cracked online campaign tracking – we have a cookie or a user ID that we can use to clearly track user behaviour through to conversions, and develop robust datasets. But out in the offline world, there are powerful channels.

The Big Voice Showdown In Vegas


The floor of CES was once again flooded with smart devices, created to make everything from personal grooming to household management to the daily commute a smoother and more seamless experience for consumers through the power of connection.

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Longer SFTR scrutiny period to give banks breathing space

Bobs Guide

Any extension to the scrutiny period for the Securities Financing Transactions Regulation (SFTR) comes as a blessing as “there is still so much” for banks to do. "Some banks will find it difficult to retain their resources [during a delay]. After enough time they get moved on to

Postmates Notches $100M In Funding


In a funding round led by funds such as BlackRock, on-demand delivery company Postmates has notched $100 million in investments. Glynn Capital and Tiger Global also led the round, along with other funds, to bring the company’s valuation to $1.85 billion, Forbes reported.

Fearless Forecast: The ATM industry in 2019

ATM Marketplace

Daryl Cornell concedes that his predictions for the ATM industry in 2019 "will likely prove to be off the mark, highly questionable or just plain wrong." And yet, the Triton CEO is ready to prognosticate again this year, "on the off chance that we do manage to land a few correct guesses

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Chinese Smartphone Giant Xiaomi To Invest $1.5B In AI


In the midst of an economically uncertain time in China stemming from the trade war with the U.S. Xiaomi said it will invest at least 10 billion yuan ($1.5 billion) in artificial intelligence and Internet of Things (IoT) smart devices over the next five years.

5 key questions about alternative data

Bobs Guide

Alternative data has quickly become the hot new area in data science. As the world is becoming more transparent and digital, the number of virtual footprints increases, as does the availability of data. Satellite imagery, social media posts, geolocation tracking – they all make for new

SEC Accepts 287 Form D Filings Related To ICOs


Fundraisings accepted by the U.S. Securities and Exchange Commission (SEC) that were related to initial coin offerings (ICO) soared in 2018: According to a Marketwatch analysis, the agency accepted 287 of them last year with stated value of $8.7

Banks, credit unions help federal workers weather shutdown


Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies. Law and regulation Consumer banking Consumer lending Small business lending Ag lending Community banking Regional banks U.S. Bancorp Citigroup Huntington National Bank American Bankers Association

In India, Banks Shy Away From Crypto Use


The crypto landscape in India, at least when it comes to banking, may be a bit less indecisive. Turns out the private sector seems to be taking at least some measures into its own hands.

2019 in View

Matteo Rizzi

I hate the word “resolution” because, in my twisted mind, I don’t want to accept that the changing of a year means something special…which is why I stopped smoking on January 7 a couple of years ago ;)). Resolutions are mostly superficial and fleeting.

Regulators Ask Banks To Go Easy On Govt. Workers During Shutdown


As Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters.

This Week In AI: Advanced Driver Monitoring Systems, AI For Weapon Detection, Hosh The Autonomous Robot

CB Insights

Hi there, Here’s what went down in artificial intelligence this week. Want the full post? Become a CB Insights customer. If you’re already a customer, login here.

Will Google And The Digital Economy Be Tied To EU’s ‘Right To Be Forgotten’?


Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions.

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3DS 2.0 - A Stepped up approach to Payment Authentication

ATM Marketplace

3D Secure 2.0, a risk-based approach to authentication, can help issuers mitigate fraud and deliver a fast-lane, frictionless checkout experience to customers

Fraud 55

Mobileye Plans To Have A Fully Autonomous Car In Four Years


During a presentation at CES in Las Vegas, Mobileye , an autonomous car development company acquired by Intel for $15.3 billion in March of 2017, announced a partnership with U.K. national mapping agency Ordnance Survey.

Ocasio-Cortez’s disruptive spotlight could soon be turned on bankers


The freshman congresswoman will likely join the Financial Services Committee, where she could use her populist momentum to bring criticisms of the country's biggest banks even further into the mainstream. Bankshot Election 2018 Policymaking Glass-Steagall TBTF House Financial Services Committee


Facebook Opens New Boston Office


Facebook , which is headquartered in Menlo Park, California, opened a new office this week in Boston. The social media company invited some journalists along for a tour of the facilities, giving them a rare inside look at one of the world’s biggest companies and how it treats employees.

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Why can’t I use Apple Pay for everything online?

Tomorrow's Transactions

(more…) (more…). Identification and Authentication Mobile money Mobile Payments Money Payment systems Payments

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Slack Might Forego Traditional IPO Process


Slack Technologies, a popular workplace messaging app, is said to be considering going public through a direct listing, as opposed to a traditional IPO.

How Long does it Take to complete an NY Mortgage Foreclosure?

New York's State of Mind

In the Big Apple 2,190 Days. Outside of N.Y.C. you have a mere 1,740. Actually, that’s the maximum amount of time Fannie Mae and Freddie Mac expect mortgage servicers to complete straightforward foreclosure actions once a borrower becomes delinquent. If you are servicing a loan in California you have 480 days. What is wrong with this picture? […]. Legal Watch Mortgage Lending New York State foreclosure State of the State

Visa Taps New Head Of Seller Solutions


To head up Visa ’s strategy for acceptance products and solutions, Mary Kay Bowman is coming to the firm as its new head of seller solutions.

Why more banks aren't doing the robot


Robotic process automation is said to have a high return on investment, but adopting it on a large scale has proven challenging, especially at community banks. RPA Artificial intelligence Deposits Workflow software Community banking

West Elm Unveils ‘Water Street’ Brand


To offer customers stylish and modern bath and body products, West Elm unveiled a new brand dubbed Water Street. The offering includes towels, hardware, lighting and vanity collections “that help our customers elevate the everyday,” the retailer said in a press release.

One banker’s take on the Consumer Electronics Show


Todder Moning of U.S. Bank scoured the 2.7 million square feet of the Consumer Electronics Show this week. Here’s what he liked, what he thinks bankers could work with. and what he thought was weird. Transition planning rule Fintech Augmented reality Virtual reality Internet of things U.S.

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Will Google and the Digital Economy Be Tied to the EU’s ‘Right to Be Forgotten’?


Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions.

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Commerzbank: on the road to digital transformation

The Banker Technology

Experimenting with emerging technologies and engaging with fintechs is how Commerzbank’s R&D unit aims to help deliver on the bank’s vision of becoming a digital enterprise, Michael Spitz, CEO of Main Incubator, tells Joy Macknight

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