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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

Investing: Robo-advisors and micro-investing lower barriers to entry. Originally launched in 2015, Qapital has raised $51M in funding to date and gained roughly 420,000 users, who have reportedly saved nearly $500M. Investing: Robo-advisors and micro-investing lower barriers to entry. As of 2018, the app had 3.7M

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ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

Specifically, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud. Trial and micro deposits of just a few cents. If the transaction arrives, it qualifies as a status check for that account.

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Sizzle Or Fizzle: The Ant Financial IPO?

PYMNTS

As is well known by now, Ant Financial , the Chinese micro-lending Internet player, has raised a whopping $4.5 The funding is a striking portrait of demand by investors with dry powder to gain entry into a nascent, technology driven market. billion in its latest financing round, a tidy sum above the $3.5 With roughly $6.5

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If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

Instead, it was an ecosystem of apps that they used regularly and could access on their mobile phones: Uber, Amazon, Walmart, PayPal, Square, banking apps, OpenTable, Facebook, Instagram, Google, Venmo – and yes, WhatsApp and Messenger, to name but a few. But as I said in my original piece , they couldn’t have made it any more complicated.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). The bulk of growth in 2017 was to businesses in the US, where the company originated $1B in loans. Its first entry point in the market was in payments in October 2014. in 2017 and 2.6%