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Capital One Disclosed Inquiry Into Anti-Money Laundering Practices

PYMNTS

Capital One Financial disclosed in a Securities and Exchange Commission filing last week that it’s being investigated by the New York District Attorney’s Office, the Justice Department and the Financial Crimes Enforcement Network of the Treasury Department for its anti-money laundering program. That all changed with the filing late last week.

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Investor Group, Including Amazon, Buys Disney’s $3.47B Stake In YES Network

PYMNTS

Additional equity investors include RedBird Capital, funds managed by Blackstone’s Tactical Opportunities business, and Mubadala Capital. We look forward to working with our strategic partners and our investors — RedBird Capital, Blackstone and Mubadala Capital — to expand the network in innovative and exciting ways.”.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. The fundamental problem is a bank’s implied average life of capital is long, some 18+ years, but their strategic horizon is too short – likely under three years.

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Searching for the Priceline of Fintech after Lending Market Meltdown Week

Bank Innovation

You could have bought Priceline stock below $10 in 2001. For many years you had little to show for it. From then until 2008, you had some appreciation, but not much. Then the stock shot up above $1,000 (as of writing it is $1,261). Yes that is 100x return from Read More.

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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

PYMNTS

Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. Launched in 2001, PayCore notes that more than a million POS terminals in Turkey operate with software developed and provided by the company.

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Pearson Breach Exposed Data Of 13K+ Students

PYMNTS

The news outlet reported that in just one school district alone, the breach affected data on 114,000 students enrolled between 2001 and 2016, while in another school district, as few as 500 students’ data was accessed. In the Capital One incident, software engineer Paige Thompson was arrested and charged on Monday (July 29) with the hack.

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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

Takeaway 3 To fully capitalize on the forthcoming C&I wave, institutions need the right products, systems, people, and technology. Indeed, measuring C&I balances from the low to the high of an expansionary period shows commercial lending grew by the following amounts during recent upcycles: 1993-2001: 87.5% 2004-2008: 82.6%

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