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Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.

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Kohl’s To Debut New eCommerce Facility, Small-Format Stores

PYMNTS

The new eCommerce fulfillment center will be located in Plainfield, Indiana, and Kohl’s expects to begin shipping Kohls.com online retail orders from the new location by the end of this month. In addition, all Kohl’s retail locations will continue to fulfill and ship select orders from the company’s online retail storefront.

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In Europe, Single Data Market Looms?

PYMNTS

tech firms’ dominance across online platforms, and the collection and use of data. This is a major weakness for data-driven businesses to emerge, grow and innovate today, including in Europe, but huge opportunities lie ahead.”. In Europe, another regulatory salvo may be aimed at U.S. CFPB Files Suit Against Citizens Bank.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

12), the House Judiciary Antitrust Subcommittee will hold a hearing on issues top of mind in the digital realm — touching on how data and privacy affect competition online, and specifically, for online marketplaces. David Cicilline of Rhode Island, who serves as subcommittee chairman. This Thursday (Sept.

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House Questions Big Tech Over Antitrust Concerns

PYMNTS

David Cicilline of Rhode Island, a Democrat who chairs the subcommittee, stated that the desire to boost the new economy had in effect fostered a mindset that let big tech self-regulate with “little oversight,” and that concentration has resulted. percent in 2018.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. and a dearth of people with technical, operational experience running energy facilities. The lack of people with real operational experience “hurt KiOR a lot,” says O’Connor.

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