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15 Years of Accelerating Business Growth: FinTech Innovation Lab New York Releases Latest Cohort

The Fintech Times

Founded in 2010, the FinTech Innovation Lab New York, a 12-week programme founded and run by Accenture , the digital service provider, and the Partnership Fund for New York City , helps early- and growth-stage fintechs accelerate product and business development. Thirty-one of them have also been acquired.

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This Week in Fintech: TFT Bi-Weekly News Roundup 17/07

The Fintech Times

The fintech, known for offering daily returns of up to three per cent per annum on balances, will now display merchant names, logos and categories via Snowdrop’s MRS API. Chocolate plans to add more features, including location data and spending insights, over time.

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EWA providers fight NY over court venue

Payments Dive

The AG also argued that Congress intended the 2010 consumer financial law to be enforced by attorneys general in state courts. Providers of EWA services, also known as on-demand pay services, have proliferated in recent years to extend services by which workers, mainly hourly employees, can tap their earned pay before a scheduled payday.

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From Curiosity to Commitment: What Joanne Dewar Learned Running the Sierra Leone Marathon with Street Child

The Fintech Times

But now, having returned, I can honestly say: the ‘race’ was just a victory lap. I returned completely committed to doing more. It returns to Makeni, in central Sierra Leone, where the charity was founded 16 years ago. I read about previous years: 42-degree heat, 80 per cent humidity, uneven terrain.

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UPS Invests In Returns Specialist Optoro

PYMNTS

As retailers will soon enter the peak returns rush that follows the holiday shopping season, UPS is reportedly making an investment in logistics provider Optoro Inc., a company specializing in retail returns and reselling. First launched in 2010, Optoro Inc. First launched in 2010, Optoro Inc.

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Fraudsters Bilk Bankers Out Of $32M

PYMNTS

GMF used the prospect of big returns with little risk, which can be associated with the cash advance business, to attract investors. JLA Asia, the liquidator of GMF, confirmed that the company posted a net loss annually from 2010 to 2014 — with the deficit growing to HK$123 million ($15.8 million).

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Andreessen Horowitz’s Returns Not Quite As Good As Their Competitors

PYMNTS

Its 2010 fund is up 5.5 Andreessen, since founded, had returns of $1.2 Sequoia (a firm whose founding is roughly contemporaneous with Andreessen’s, for example) has seen its 2003 and 2006 funds rise eightfold net of fees — from a successful run of investments in LinkedIn, YouTube, Airbnb and Dropbox.