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INV Fintech Partners with Shanghai-based Venture Fund JadeValue

Bank Innovation

INV Fintech, this site’s sister accelerator, announced a partnership today with Shanghai-based JadeValue, an incubator and investment fund, to enhance financial technology startups in both the United States and China.

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Salesforce Enhances Open Banking Capabilities with Mulesoft Deal

Bank Innovation

The acquisition of software provider Mulesoft by financial technology provider Salesforce will go a long way towards opening the banking ecosystem in the United States, as Salesforce integrates the former’s API capabilities into its platform. The acquisition, with a potential $6.5

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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition

PYMNTS

The company has already integrated with about 15,000 banks in Canada and the United States. By buying Plaid, Visa would reportedly gain access to 200 million consumer bank accounts and 2,600 financial technology apps that would help the company further push into areas like real-time payments and digital wallets.

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It’s Dreadful Being a Buyer of Bank Technology

Gonzobanker

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. The war for talent makes all this more difficult. The record low 3.6%

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Senate Federal CEO On Protecting Member Trust During Digital Overhauls

PYMNTS

Credit unions (CUs), as much as other financial entities, are seeing a boom in competition as banking moves to online and mobile channels. Customers today expect to be able to access financial services instantly, which can put pressure on CUs that need to stretch restricted technology budgets into innovative new features.

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VCs And SPACs Raise $1B+ To Invest In Cloud, AI And More Despite Pandemic

PYMNTS

Company Co-Founder and Partner Dana Settle told Bloomberg that Greycroft plans to use the fresh funds to invest in retail-oriented businesses, although it's also interested in working with health technology, financial technology and grocery-related businesses. Salesforce Ventures .

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MyPayrollHR Founder Faces $70M Fraud Charge

PYMNTS

Michael Mann, 49, allegedly obtained millions in bank loans and lines of credit over the last decade that he diverted to fake companies, the United States Attorney for the Northern District of New York said in a statement. The company handled payroll for roughly 1,000 businesses across the United States.

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