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AI-supported asset manager Pagaya crosses $1.2b in AUM

Bank Innovation

Pagaya, a fintech firm which uses artificial intelligence to manage institutional money, has topped $1.2 billion in assets under management, on the heels of the close of $200 million in asset-backed securities in December.

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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. But the leader of the pack goes to one corporate travel and expense management startup that impressed investors despite a business trip slump. Bookkeeper360.

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Fostering FinTech-FI Trust With Data-Driven Security

PYMNTS

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

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How FinTech Apps Can Ace Security

PYMNTS

The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . This kind of alleged misbehavior demonstrates why strong know your business (KYB) practices are critical, explained Zac Cohen, general manager of global identification provider Trulioo in a recent PYMNTS interview.

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Fintech Funding: Capital on Tap secures a $237M credit line

BankInovation

Capital on Tap announced Thursday that it has secured a $237 million credit line from $3.8 based fintech provides fast funding to small businesses in an all-in-one business credit card and spend management platform. trillion JPMorgan and investment firm Triple Point.

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The Security Threat Of Bank-FinTech Collaboration

PYMNTS

. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. ” Inexperienced or unfamiliar professionals may take a bottom-up approach to third-party risk management, analyzing risk on a vendor-by-vendor basis.

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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. SMBs can receive a decision on their application within a day and use the funds to bolster working capital.

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