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Madrona backs WaFd Bank spinout developing consumer software for regional banks

GeekWire

(Archway Photo) Key Takeaways Archway , spun out of Washington Federal (WaFd), provides digital banking infrastructure to regional banks. The Seattle-area startup raised $15 million in a round co-led by WaFd Bank and Madrona Venture Group. The goal is to help community banks stay competitive with giants like J.P

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Report: Seattle digital remittance startup Remitly hires banks for IPO at around $5B valuation

GeekWire

The news: Seattle startup Remitly has hired investment banks to prepare for an initial public offering, according to Reuters. Remitly background: Founded in 2011, Remitly’s mobile technology lets people send and receive money across borders, including immigrants in the U.S. billion in July.

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Go read this feature on the 2011 RSA hack that redefined cybersecurity

The Verge

Wired has published an in-depth feature on the 2011 hack of security company RSA, in which hackers stole the so-called “crown jewels of cybersecurity,” the secret keys forming a “crucial ingredient” of its SecurID two-factor authentication devices. Illustration by Alex Castro / The Verge.

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Portland online banking service Simple shutting down ahead of parent company’s acquisition

GeekWire

Simple , the Portland-based online banking company with a presence in Seattle, is shutting down due to the sale of banking giant BBVA USA. Founded in New York in 2009 and moved to Portland in 2011, the company was one of Portland’s most prominent tech startups. (Simple Photo). — Josh Reich (@i2pi) January 7, 2021.

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO Business Intelligence

It went on an acquisition spree in the early 2000s, driving up its revenue, before being swallowed itself by Hewlett-Packard in 2011, in a deal that valued it at over $10 billion. Its Agentware internet search tools are used by enterprises including Barclays Bank and Unilever and sold as shrink-wrapped software through retail outlets.

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Espionage cited as the US Federal Reserve reports 50-plus breaches from 2011 to 2015

Network World

Federal Reserve, the nation's central bank, detected more than 50 cybersecurity breaches between 2011 and 2015, including a handful attributed to espionage.

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Vancouver identity tech startup Trulioo, an Auth0 competitor, raises $394M at $1.75B valuation

GeekWire

The 11-year-old company helps banks, financial service providers, online marketplaces, and others verify the identity of their customers, using hundreds of data sources that cover 5 billion people and 330 million companies. -based startup Trulioo has raised $394 million at a $1.75 billion valuation for its identification technology service.

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