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The Future Of Money

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Reuters Focus


Accel leads $77 million funding round for fintech firm Galileo

Galileo Financial Technologies, a company whose technology handles back-office functions for payment industry startups, said on Thursday it raised $77 million in a series A funding round led by Silicon Valley venture capital firm Accel, one of the early investors in Facebook.

In Mexico, 85 fintechs are seeking permission to operate

Mexican banking regulator CNBV said on Thursday it received applications from 85 companies to formally operate in the country under its new fintech law as the government of President Andres Manuel Lopez Obrador pushes for more financial inclusion.

FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB),...

Facebook's Libra will be disruptive, says ECB's Coeure

Digital currencies such as Facebook's Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday.