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MoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions

PYMNTS

Adeeb Ahamed, managing director of LuLu Financial Group , which is headquartered in Abu Dhabi, said the collaboration with MoneyGram “will revolutionize” how remittances are handled in the Asia-Pacific region, “changing the way people approach digital transactions.”. ” Launched in 2009, Lulu Money has five million users processing 1.1

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Six Nordic Banks Team To Take On AML Issues

PYMNTS

Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. . Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia.

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SE Asia’s East Ventures Looks To Back Startups With $88M Fund

PYMNTS

The seed fund is for $88 million, and East Ventures has raised $57 million at first close from Adams Street and Pavilion Capital , a unit of Temasek Holdings Pte , among other investors, according to East Ventures Managing Partner Willson Cuaca. This will be East Ventures’ eighth fund since forming in 2009.

Regional 142
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Norwegian Regulators Say AML Measures Fell Short

PYMNTS

Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia. Nordea is partially pulling out and Sweden’s banks might go as well, although Swedbank has said it’s not going anywhere and that it’s committed to the region. “It

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Regulator: Nordic Banks Embroiled In AML Scandals Should Stay

PYMNTS

Danske has a $230 billion scandal through its Estonian branch , and it’s retreating from the entire Baltic region, including Russia. Nordea is partially pulling out and Sweden’s banks might go as well, although Swedbank has said it’s not going anywhere and that it’s committed to the region. “It

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Should Congress Increase FDIC Insurance Limits?

South State Correspondent

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. private and public lending markets are the world’s envy, with a wide availability of financing options for many capital seekers across the entire capital stack. economy needs.

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Getaround Car Sharing Platform Raises $200M At $1.7B Valuation

PYMNTS

Founded in 2009, the San Francisco-based company has already received more than $400 million in total venture capital funding from investors including GV, Madrona Venture Group and actor Ashton Kutcher.