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We looked at the world in 2008, 2009, and we said, “How come it’s almost impossible to connect two companies to do business, especially if they have complex business processes, but we can all connect as consumers on LinkedIn, Facebook, Twitter, every single day we want to do business? We really wanted to simplify supply chains.
Mobile credit card processing first came on the scene when Square released its original mobile credit card reader in 2009 and by the early 2010s, it had become a common method of accepting payments for small businesses. Popular mobile payment solutions include Square, PayPal Here, and Shopify POS.
Really the last major acquisition they did was in 2008, 2009 when they bought Bear Stearns in Washington Mutual. And so they went to compliance and security and risks, right? We compete with Stripe and PayPal and Adyen and these are sort of very well funded, very sort of driven technology companies.
It also offers advanced security features and compliance support, safeguarding sensitive customer information. Regtech solutions automate compliance processes, reduce the risk of human error, and ensure that companies adhere to legal requirements. What are different types of Fintech? The post What is Fintech?
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