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Equifax breach was ‘entirely preventable’ had it used basic security measures, says House report – TechCrunch

Equifax breach was ‘entirely preventable’ had it used basic security measures, says House report – TechCrunch A House Oversight Committee report out Monday has concluded that Equifax’s security practices and policies were sub-par and its systems were old and out-of-date, and bothering with basic security measures — like patching vulnerable …

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Payment service Toss becomes Korea’s newest unicorn after raising $80M – TechCrunch

Payment service Toss becomes Korea’s newest unicorn after raising $80M – TechCrunch South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. …

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TransferWise keeps growing money transfers despite global turbulence – TechCrunch

TransferWise keeps growing money transfers despite global turbulence – TechCrunch You don’t have to follow the financial technology industry or work with developers in faraway lands to know TransferWise, arguably the world’s leading peer-to-peer money-transferring startup. Thanks to its presence in over 70 countries, low-cost rates for moving money internationally …

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Salesforce doubles down on Japan with dedicated $100M fund – TechCrunch

Salesforce doubles down on Japan with dedicated $100M fund – TechCrunch It’s been a good week for Japanese startups. Fresh from Google making a rare investment in the country when it backed AI startup Abeja, so Salesforce — another U.S. tech titan — has announced a $100 million fund for …

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Teen debit card Current now acts more like a real bank account – TechCrunch

Teen debit card Current now acts more like a real bank account – TechCrunch Current, the app-controlled teen debit card that’s managed by parents, is starting to look more like a bank. Today, the startup announced it’s now adding support for routing and account numbers to its debit account for …

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Experian leads $10M investment in Southeast Asia fintech startup Jirnexu – TechCrunch

Experian leads $10M investment in Southeast Asia fintech startup Jirnexu – TechCrunch Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu . Jirnexu, which is headquartered in Kuala Lumpur, operates financial comparison services in Malaysia and Indonesia. Those …

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NEA spinout NewView Capital raises $1.35B for its debut growth fund – TechCrunch

NEA spinout NewView Capital raises $1.35B for its debut growth fund – TechCrunch Companies are staying private longer and longer and New Enterprise Associates (NEA) has a new plan to combat the negative implications of the trend. The storied venture capital firm has invested in a spinout fund called NewView …

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The economics and tradeoffs of ad-funded smart city tech – TechCrunch

The economics and tradeoffs of ad-funded smart city tech – TechCrunch In order to have innovative smart city applications, cities first need to build out the connected infrastructure, which can be a costly, lengthy, and politicized process. Third-parties are helping build infrastructure at no cost to cities by paying for …

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Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume – TechCrunch

Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume – TechCrunch Black Friday broke records in terms of sales made from mobile devices, according to reports last week from Adobe. This week, PayPal said it saw a similar trend during the Thanksgiving to Cyber Monday shopping event. …

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