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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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Why community banks are partnering with fintech startups

Bank Innovation

Radius Bank, a one-branch Boston-based community bank with $1.2 As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Many are seeing partnerships as the path to growth.

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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109
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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Amazon To Build $40M Robotics Innovation Hub Near Boston. Tye Brady, chief technologist at Amazon Robotics , said the new hub will speed-up innovation and will be a “world-class facility, where our teams can design, build, program, and ship our robots, all under the same roof.”. Deutsche Bank told U.K.

Google 139
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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

PYMNTS

From an operational and risk perspective, we’ve handled the inflows smoothly, and without comprising our credit underwriting standards.”. According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. Amazon’s Big Robotics Investment .

Apple 101
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Corporate Banks Need Radical Tech Shift, Say Analysts

PYMNTS

And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. Baumgärtner also coauthored the report. ” Positive Developments, New Opportunities. .

Survey 109
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Super-Sizing Commerce For The Super Bowl

PYMNTS

Super Bowl LI is less than 24 hours away from kicking off and deciding once and for all which city is better — Atlanta or Boston (though obviously it’s Boston — since the global headquarters for PYMNTS.com is located here). And then there’s Tom Brady.

Boston 100