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AML Scandals Prompt Decrease In European Foreign Deposits

PYMNTS

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. The former Latvian government set a cap on foreign deposits after the collapse of ABLV, at 5 percent.

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Industry Statements on on Merchant, Payment Network Lawsuit Agreement

Electronic Payments Coalition

merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The agreement will cap the reduced credit interchange rates for five years, providing an unprecedented level of cost certainty long sought by merchants. merchants, comprised largely of small businesses.

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The Top 250 Fintech Startups: Where Are They Now?

CB Insights

In 2018, companies from 31 countries and 19 categories — spanning payments, digital banking, insurance, and more — made it onto the CB Insights 2018 Fintech 250 list. Below, we dive into where the Fintech 250 Class of 2018 startups are now. Highlights from the fintech 250 Class of 2018. Phone number. Click to enlarge. .

FinTech 80
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How Digital Subscriptions Open Doors To Global Content

PYMNTS

In fact, the country’s mobile phone market saw shipments grew 11 percent in 2018 — and smartphone shipments increased 10 percent. He continued, “This was one the key reasons for its growth in 2018, where not only new users shifted towards smartphones , but there was a healthy upgrade within price tiers …”.

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Big Tech’s Big Profits For SoftBank

PYMNTS

Uber springs to mind here because Softbank has become the company’s largest shareholder, with a slug of January 2018 buys that topped $9.3 When Softbank took its stake in DoorDaash in March of 2018, the valuation was $1.4 The company went public through a direct listing that has a market cap in recent days of $15 billion.

AI 51
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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

Lendio FAB Score = 124 (up 16) – HQ: Salt Lake City, Utah – Founded: 2011 (originally founded in 2006 as FundingUtah). IOU Financial FAB Score = 23 (up 7) – HQ: Atlanta – Founded: 2011 – Raised: $132M (including $200k in 2021) ( Crunchbase ) – Market cap: $22M (19 July 2023), up $9M since 16 May 2023 (taken private in Sep 2023) – $1.5B

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Data Dive, Breaches And Security Blips Edition: Key Bank, Microsoft And Bulgaria 

PYMNTS

percent and the company lost about $178 million from its market cap. Who is behind the hack and why it happened remains unknown, though officials do think it originated outside Bulgaria. Investigators at Microsoft approached him in May of 2018, and he was fired a month later. MILLION, BILLION? million lakefront property.

Breach 40