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Citizens Challenge 2019: Driving Innovation In Banking

Forrester IT

They can help ensure the firm’s survival by adding net-new value to consumers. The Citizens Challenge, held by Citizens Bank […]. Innovation events like these can help address changing consumer needs and behaviors, as well as competitors’ responses to them.

Banking 268
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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

Elizabeth Warren at a 2019 campaign rally in Seattle. bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. Moonstone Bank, formerly known as Farmington State Bank, was acquired in 2020 by FBH. Tina Smith (D-Minn.)

Banking 85
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Publicly traded cannabis fintech POSaBIT acquires three compliance software firms

GeekWire

debuted on the Canadian Stock Exchange in 2019 through a reverse takeover of publicly traded Foreshore Exploration Partners Corp. Many credit card companies and national banks refuse to work with cannabis retailers because it is still not federally legal. The company reported a net loss of about $1.2

Software 124
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Cannabis company POSaBIT calls off plans to acquire three compliance software firms

GeekWire

In 2019 POSaBIT first emerged with its blockchain-based POS terminal , raising $2.1 It has moved most of its customers away from a “point-of-banking” model, which is being cracked down on by large ATM companies, to its PIN debit system , which is compliant with local and federal regulations.

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Consumer protection agency investigating Venmo’s collection practices

The Verge

A Venmo user’s account may be referred to collections if it becomes overdrawn; while money transfers within the app usually occur immediately, sometimes the funds don’t leave the user’s bank account for more than 24 hours. Earlier this week, PayPal reported net income of $1.57 So Venmo covers the amount of the payment in the interim.

Banking 106
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MacKenzie Scott gives $4B to 384 organizations as she calls pandemic a ‘wrecking ball’ for Americans

GeekWire

18 on the Bloomberg Billionaires Index of the world’s 500 richest people, with a net worth of $60.7 “Some are filling basic needs: food banks, emergency relief funds, and support services for those most vulnerable,” she wrote. . “Meanwhile, it has substantially increased the wealth of billionaires.”

Research 145
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Amazon wealth reigns: Jeff Bezos, MacKenzie Scott lead list of top U.S. philanthropists for 2020

GeekWire

billion donated in 2019. ” Bezos is currently the richest person on the planet, with a net worth that stands at a staggering $192 billion, according to Forbes. ” Scott’s net worth is estimated at $58 billion. . ” Scott’s net worth is estimated at $58 billion. That compares to $15.8

Nonprofit 138