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Tokenization Beyond Payments

Payments Dive

The Federal Trade Commission’s online database of consumer complaints reports 13 million complaints from 2012-2016, 42% of which were fraud related, and 13%, identity theft complaints. As the technology behind payments becomes more advanced and readily available, so too are the possibilities for fraud.

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2017 Has Now Seen 4 Of New York’s Top 10 VC-Backed Tech Exits

CB Insights

MongoDB ‘s IPO ranks as the fourth largest venture-backed M&A or IPO in New York state since 2012, according to CB Insights data, and only comes a few months after Blue Apron ‘s listing, which topped Etsy as the biggest-ever New York tech company exit. Blue Apron is New York’s largest VC-backed tech exit since 2012.

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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. More recently, their complaints have been made more transparent, thanks to the CFPB’s consumer complaint database.

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Mom And Pop Pharmacies Dwindle Amid Competition

PYMNTS

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. We literally have billions of prices in our database. As a result, 10 million consumers lost access to the pharmacy of their choice.

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Hackers Steal 171M VK.com User Accounts

PYMNTS

The hack is believed to have taken place sometime between late 2012 and early 2013, but the hacker behind the breach is now selling a smaller subset of the database on a dark web marketplace for 1 bitcoin (a value of approximately $580). All users’ data mentioned in this database was changed compulsorily.

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Where Top US Banks Are Betting On Fintech

CB Insights

Since 2012, the top 10 US banks by total assets have participated in 81 deals to fintech startups, totaling nearly $4.1B in disclosed funding. In the last year, banks have homed in on the consumer, backing robo-advisors and companies offering easy-to-use money management apps. . Fintech: 2017 Year-in-Review & 2018 Trends.

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The Periodic Table Of Cloud Computing

CB Insights

While the cloud computing industry is one of the more mature sectors in tech, investors and entrepreneurs continue to find fresh opportunities in the space, with top smart money VCs pouring over $7B into the cloud computing industry since 2012. Top Exits: This section highlights the most valuable cloud computing exits since 2012.