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Amid UK Payment Woes, Firms Face Fraud Risk

PYMNTS

The deliveries took place between 2010 to 2013 and racked up tens of thousands of dollars in charges — despite the fact that chefs were employed in the residence. The former employee had falsified entries in more than 100 customer accounts to steal from the retail giant and its customers.

Risk 43
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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

As of 2013, 70% of millennials believed that the way that people purchase things would be totally different in 5 years, and 33% believed that one day they won’t need a bank at all. Investing: Robo-advisors and micro-investing lower barriers to entry. Investing: Robo-advisors and micro-investing lower barriers to entry.

Finance 77
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FinTech Partnerships With FI Marked By Global Scope

PYMNTS

The partnership will offer integrated payments to micro, small and mid-sized enterprises, using the former’s accounting software. In reference to the partnership’s advantages, the firms said, is the elimination of manual data entry and accounting. Auto bank reconciliation will also be available to SMEs.

FinTech 46
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

The company was ultimately acquired by PayPal in 2013, and now represents a sizable chunk of its merchant business. In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. Source: Square. Business lending & corporate cards.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Despite the rising popularity of virtual workout options — most prominently embodied by Peloton — boutique brick-and-mortar fitness was in a period of rapid growth prior to the crisis, with memberships growing over 120% from 2013 to 2017, according to Bloomberg. There are also benefits on the business side.

Posting 101
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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs). The company’s platform integrates these services into a single entry point on the Grab app, catering to consumers who prefer accessing all their digital financial services on one integrated platform.

FinTech 127