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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

the San Francisco-based online bank, had the last laugh. Varo coming in as a full national bank, with an already proven market fit and massive demand for more-affordable digital-banking solutions, is a very exciting moment,” Walsh told Bloomberg. Since then, the skepticism has evaporated and the CEO of Varo Money Inc. ,

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Home Buying Goes Digital And Comes With Cash Back

PYMNTS

And in the digital age, the ideal location for, well, finding the ideal location has become an online platform. Consider it a big-ticket version of ordering online – and picking up on-site (literally). As Kutzman noted, 99 percent of buyers begin their search for a home online. The Guided Experience. The Roadmap.

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Big Names Embark On Spring Hiring Sprees

PYMNTS

Standing one’s ground in an Amazon -dominated retail market doesn’t happen by accident. The decision was made in support of the company’s $11 billion multi-year investment plan to increase Home Depot’s lead over brick-and-mortar competitors such as Lowe’s , as well as keeping ahead of online competitors including, but not limited to, Amazon.

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An App A Day Keeps Grocery Shoppers Coming Their Way

PYMNTS

non-profit grocer Daily Table, which stocks healthy and convenient foods at an affordable price by sourcing them from a large network of growers, markets and manufacturers. Instacart started in San Francisco but announced that it plans to launch in more than 100 new markets by the end of 2017. Finally, Campbell Soup Co.

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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.

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Accounting About-Face

Independent Banker

She explained why lawmakers should exempt community banks from Basel III capital rule. Instead of requiring complex modeling systems for institutions of all sizes, it now explicitly allows community banks to continue using their personal understanding of local markets to determine loan-loss reserves. Connecticut headquarters.

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From China With Love: AI, Robotics, AR/VR Are Hot Areas For Chinese Investment In US

CB Insights

We define Chinese investment as participation in private financing rounds by investors (corporate, venture capital, angel, private equity, etc.) In May, Tencent opened an AI research lab in Seattle focused on speech recognition as it looks to apply AI research to its social media, online games, and cloud services. Hong Kong or Taiwan).

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