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Bain Capital Technology’s Bet On hey And Japan’s Digital Payments Shift

PYMNTS

The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. And yet Japan remains a heavily cash-based economy, Darren Abrahamson , managing director of Bain Capital Tech Opportunities told Karen Webster.

Capital 214
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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . At the time, Credit Suisse and China International Capital Corp. If the IPO moves ahead, one of the sources said it would be one of the world’s biggest listings this year.

Groups 175
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Mollie Is Latest Tech Startup To Attain Unicorn Status

PYMNTS

The $100 million in investment capital marks the second time Mollie has cut a major financing deal, following a $29.5 million injection of capital last year. Founded in 2004 by Mol, an engineer, while he was living in his parents’ house, the company expects to process more than $11.7

Capital 141
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Dialing Up Performance in Home Equity Lending

Gonzobanker

With the inefficient, circa-2004 borrowing processes resident in many banks’ loan departments today, too few lenders are equipped to deal with the rising tide of home equity volumes that will descend like a tsunami on their operations the moment Fed chairman Jerome (What-Are-We-Waiting-For) Powell announces a rate cut. Follow him on LinkedIn.

Lending 139
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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. 2004-2008: 82.6% The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. C&I lending will be the next “bomb.”

Lending 195
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How The Fed Will Impact Your Deposit Beta

South State Correspondent

First, we point out the difference between online banks with consumer relationships today versus the previous cycles. We calculate that online banks like American Express, Capital One, Marcus (Goldman Sachs), Ally Bank, and others hold a little over 9% of all domestic deposits. How to Apply to Your Bank.

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Cashing In On Returns: Marketplaces Reinvent Inventory Liquidation

PYMNTS

In a press release last week, the decade-old firm announced it had raised a $65 million investment from Spectrum Equity , whose capital and expertise, Rosenberg said, will help B-Stock expand its marketplace services and workforce. The online marketplace never takes possession of the items sold via its site, which leads to general savings.

Retail 101