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The technology was initially developed by Goldman Sachs as an internal messaging system called Live Current. [1] In October 2014, Goldman Sachs and 14 other financial institutions invested $66 million to establish Symphony Communication Services LLC [2] and acquire Perzo, Inc., [3] a secure communication application known for its end-to-end encryption messaging.
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Revolut has been subject to criticism and many controversies in the past, such as issues with customer support and long-lasting lockouts, [7] as well as anti-money laundering compliance failures, [8] lack of support for defrauded customers, [9] [10] and even claims of ties to the Russian government [11] which the company strongly denied.
In September 2014, Barclays announced it was going to acquire The Logic Group, [14] a managed payment and loyalty business. The acquisition would enable Barclaycard's clients to benefit from The Logic Group's single platform transaction processing capabilities, alongside data insights, which would allow merchants to better target their services ...
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