Sauntore Thomas traveled to his bank with recompense from a successful but deeply disheartening court battle. After seven months, he hoped the legal sagas were finally finished.Instead, a new one was about to begin.Thomas, a 44-year-old black man from Detroit,…
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Intezer raises $15M for its DNA-style ‘genetic’ approach to identifying and tracking malware code
As the total cost of cybercrime reaches into trillions of dollars and continues to rise, an Israeli firm called Intezer — which has built a way to analyse, identify and eradicate malware by way of an ordering system similar to what’s used…
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How FinTech Application Development Transforms the Finance Industry
FinTech or Financial technology has become a popular industry for helping to innovate financial transaction services and online security. It is a broad term that works around the business transformation to innovate the traditional financial services that are inefficient, antiquated,…
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Latin America Roundup: XP’s chart-topping IPO, Wildlife becomes a unicorn, Softbank backs Konfio
Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and the U.S. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More posts…
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Grab and Singtel will bid for a digital-banking licence in Singapore
IN 2014 SINGTEL, a Singaporean telecoms group, teamed up with Standard Chartered, an Asia-focused bank, to create Dash, a mobile-money unit it claimed would “revolutionise mobile commerce and banking”. But red tape meant it went nowhere fast. It refocused on…
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Salv, the anti-money laundering startup founded by ex-TransferWise employees, picks up $2M seed
Salv, an anti-money laundering (AML) startup founded by former TransferWise and Skype employees, has raised $2 million in seed funding. The round is led by Fly Ventures, alongside Passion Capital and Seedcamp. Angel investors also participating include N26 founder Maximilian…
Read MoreThe biggest private equity hires of 2019; WeWork’s new advertising push
Hello, readers, With 2019 quickly drawing to a close, the finance team has been looking back at this year’s key hires and exits to understand where firms are staffing up and what the hot areas to watch will be in 2020. This…
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CIBC misses estimates even with US-focused strategy paying off – BNNBloomberg.ca
Canadian Imperial Bank of Commerce’s strategy of being a little less Canadian is catching on, though that did little to help earnings last quarter. -CIBC’s $5 billion takeover of Chicago-based PrivateBancorp two years ago was the cornerstone of Chief Executive…
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A Russian hacking group literally called ‘Evil Corp’ stole $100 million from banks
Dr. EVIL? Image: Getty Images By Rachel Kraus2019-12-05 17:42:10 UTC Sometimes life imitates cheesy, pulpy Cold War-era art. And when it does, it’s truly amazing. The U.S. Department of the Treasury has sanctioned and indicted members of a Russian cybercrime…
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Impeachment, Britain, Heisman Trophy: Your Weekend Briefing
Here’s what you need to know about the week’s top stories.(Want to get this briefing by email? Here’s the sign-up.) Here are the week’s top stories, and a look ahead.ImageCredit…Samuel Corum for The New York Times1. The House of Representatives…
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