Author: Lucas Peterson
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Valor PayTech Hires Riaz Ladha And Eric Kirk To Lead A New Business Unit!
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Valor PayTech has hired “payments veterans” Riaz Ladha and Eric Kirk to lead its new strategic payments business unit. Ladha joins Valor as senior vice president of integrated payments and strategy. He will be responsible for leading the Card-Not-Present (CNP) business unit.
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The 5 Best AI-Suggested Investment Opportunities In 2023
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We asked ChatGPT what might be the top five investment opportunities for 2023. Within 15 seconds, the new AI wunderkind gave us his opinion. Of course, ChatGPT pointed out that as an AI language model, he has no personal beliefs or opinions. Nevertheless, his presentation is interesting:
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German EY To Cut 40 Partners And 380 Full-Time Jobs!
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The audit and consulting firm EY, which hit the headlines because of the Wirecard scandal, want to part with 40 of its 800 partners and hundreds of employees in Germany. At the same time, it intends to hire 2000 new employees. According to the Financial Times, most of the 40…
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Bitcoin Price Soon To Reach 200,000 US Dollars – Indicator Sees New Record High As Early As 2025!
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The stochastic indicator gives a whopping growth of 189% for the Bitcoin price in the next halving cycle. Bitcoin provides “crystallized” evidence that the next record high for the market-leading cryptocurrency will lead to $200,000. As crypto trader Tardigrade predicted on Twitter on January 27, the spectacular record high is…
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Munich-Based FinTech Beatvest Secured Seed Funding!
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The Munich-based fintech wealtch accumulation provider Beatvest secured a new investment of €1.3 million. Early-stage VC Neosfer, which belongs to Commerzbank, the Berlin-based joint VC of Axel Springer and Porsche, APX, and Sino AG, an online broker from Düsseldorf, participated in the seed round. N26 founder Maximilian Tayenthal is also…
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Bafin Puts Solarisbank On An Even Tighter Leash!
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The German fintech Solarisbank is booming and growing, or so it seems. However, so do the fintech’s regulatory issues. Therefore, German regulator BaFin is now reviewing whether the institute is allowed to accept certain new customers.
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Anti-Money Laundering FinTech Hawk AI Raises $17 Million!
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Money laundering is an enormous problem for societies and economies. More than two trillion US dollars are laundered every year. Economic fraud has increased by more than 37% in high-growth markets in the last twelve months. Munich-based fintech Hawk AI, which supports banks and financial service providers in the fight…
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North Channel Bank Insolvency: BaFin Establishes Compensation Case!
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Germany’s Federal Financial Supervisory Authority (BaFin) has established the compensation case for the clients of collapsed North Channel Bank. The bank is not able to repay its customers’ deposits in full. The deposits of North Channel Bank’s customers are protected under the Deposit Protection Act. The Bank is a member…
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Dutch PayTech Company Mollie Promotes CTO Koen Koeppen To CEO!
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Amsterdam-based payment service provider Mollie will appoint its current Chief Technology Officer (CTO), Koen Koeppen, as its new CEO. Koeppen will replace Mollie’s current CEO, Shane Happach, who is leaving the company after about two years to take on a new role in Asia.
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Fintech Volksbank Awards 60-Million Loan To Tax App Zasta!
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Tax app Zasta receives a credit line to finance a new offering: With €60 million, it wants to pay out part of the tax refund immediately in the future. Again, the fintech Volksbank is getting involved. Vereinigte Volksbank, which already finances startups such as Billie, Ratepay, or Mondu, is providing…