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Japanese buy now, pay later (BNPL) outfit Paidy has raised US$120 million in a Series D funding round. 
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Scoop.it!
Santander's consumer bank in Norway has released a new PFM app using Open Banking tools from Nordic API Gateway.
Vineet Anand's insight:
Open banking PFM app for Santander and other bank customers in Nordics .. marks the beginning of comparative differentiation of services and fees for customers.
Scoop.it!
Digital advertising platform Cardlytics is set to buy cash-back offers outfit Dosh for $275 million in cash and stock.
Vineet Anand's insight:
Dosh has a new buyer in Cardlytics for $275MM
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Personetics, a fintech that uses AI to help financial institutions boost customer personalisation and engagement, has secured a $75 million investment from Warburg Pincus.
Vineet Anand's insight:
Hyper-personalization or smart personal engagement AI driven Personetics gets a $75MM investment. Banking use cases are gaining greater traction including consumer and wealth segments!
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Second Measure, a technology company that analyses billions of everyday purchases to answer real-time questions about consumer behavior, has closed $20 million in a Series A funding round co-led by Bessemer Venture Partners and Goldman Sachs, and joined by Citi Ventures.
Vineet Anand's insight:
$20 million Series A funding in Second Measure with GS and Citi!
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UK-based anti-fraud behavioural analytics firm Featurespace has raised a £25 million funding round led by New York VC Insight Venture Partners and MissionOG.
Vineet Anand's insight:
Featurespace raises another PS25 million funding!
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Citigroup Inc. spent $8 billion on technology in 2017, easily more than was invested by venture capital across all U.S. financial technology startups last year.
Vineet Anand's insight:
Tech spending in big bank continues to drive automation, digital, analytics creating a bridge for retaining and acquiring the mobile savvy customer as branches continue to close. $8 billion represents 20% of total expense base for Citi !
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Paidy with its 5MM users and 700k websites (merchants) raises $120MM. BNPL on a tear globally in acceptance, usage, and transaction growth!