Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook
Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook
September 30, 2020  |  Bank Regulation

A U.S. House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks...

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Memo Bank Launches Interest-Bearing Account For Businesses
Memo Bank Launches Interest-Bearing Account For Businesses
September 30, 2020  |  B2B Payments

Paris-based business bank Memo Bank is offering a new product three months after obtaining its full banking license, the company said on Wednesday (Sept. 30)....

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Lending Platform October Raises Funding For SMB Loans
Lending Platform October Raises Funding For SMB Loans
September 30, 2020  |  B2B Payments

Lending marketplace October worked with major investors and raised €258 million (close to $303 million) over the summer to fund loans to small and medium-sized businesses (SMBs),...

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US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
September 30, 2020  |  Economy

For the U.S. GDP, a slight improvement of some very bad numbers is an improvement, technically. Get the Full Story Complete the form to unlock...

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Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
Ernst & Young Faces Backlash Over Whistleblower Report On Wirecard
September 30, 2020  |  Security & Fraud

One day after an Ernst & Young (EY) whistleblower’s warning about potential fraud at Wirecard was made public, the global accounting firm is facing backlash,...

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Walmart Showcases Airport-Inspired Store Design
Walmart Showcases Airport-Inspired Store Design
September 30, 2020  |  Retail

Walmart on Wednesday (Sept. 30) unveiled a new store design intended to evoke walking through a well-signed airport, with the goal of adding a digitally...

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VTEX Says New Funding Puts Valuation At $1.7B
VTEX Says New Funding Puts Valuation At $1.7B
September 30, 2020  |  Investments

Online commerce platform VTEX completed a fund-raising round that puts its valuation at $1.7 billion, the company said in a news release Wednesday (Sept. 30)....

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Amazon Expands Into Singapore
Amazon Expands Into Singapore
September 30, 2020  |  International

Amazon is expanding its operations in Singapore as it grapples with growing competition in a city that is fast becoming a hub for Chinese tech...

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Today In Retail News: Spiceology Shakes Up D2C; SMBs Face Choices As Prime Day Looms; Big Lot Raises Forecast
Today In Retail News: Spiceology Shakes Up D2C; SMBs Face Choices As Prime Day Looms;...
September 30, 2020  |  Retail

In today’s top retail news, Spiceology aims to shake up the D2C realm, and small and medium-sized businesses (SMBs) face decisions of how — or...

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