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When It Comes To Paid Social Media, Facebook Leads The Way

PYMNTS

Retailers continue to rely on paid search and email marketing channels, but mobile marketing and social media are continuing to increase in popularity as a way for businesses to grow their customer acquisition, according to a new study.

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The Finanser’s Week: 16th May – 22nd May 2016

Chris Skinner

Our main stories of this week includes … Social KYC: far easier than passports and utility bills I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process.

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Consumers Value Their Social Media But Put Security Onus On Companies

PYMNTS

Social media has taken on a life of its own — so much so that a new survey finds a lot of consumers value their life online at $100,000 to priceless. That may be particularly scary since Forbes reported that Mark Zuckerberg of Facebook got his social media accounts hacked for the third time in 2016.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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Social Media as an Emerging Source of Cyberthreat

Let's Talk Payments

trillion globally by 2019 In 2016, cybercrime cost the global economy over $450 billion, and over 2 billion personal records. The cost of data breaches is expected to reach $2.1

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Facebook To Add Two-Factor Authentication To Some Accounts

PYMNTS

Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. Nathaniel Gleicher, Facebook security head, told Axios: “Bad actors are trying to target social media assets of prominent voices.

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Best New Financial Apps 2016, The List

Bank Innovation

Robinhood: On Target Launched in December 2014, Robinhood is a zero-fee stock trading app that quickly gained popularity among financially ambitious millennials. Robinhood was paid the enormous compliment of having “cracked the millennial code” by none other than Jay Sidhu, CEO of Customers Bank and founder of BankMobile.