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Deep Dive: How Automation And The Cloud Can Improve Operational Efficiency In Payments Processing

PYMNTS

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

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Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Golden Gate acquired Eddie Bauer out of bankruptcy protection in 2009 with a cash bid of $286 million.

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Mobile Operators and Coronavirus: Ideas to Help Slow the Spread

FICO

Whilst it isn’t a new concept, the prospect of using telecoms operators’ network data to help officials map, predict and contain the spread has been mooted in several quarters. CDRs are already used at an aggregated and anonymised level by many operators to detect patterns and trends in crowd analytics.

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Washington State AG Sues Debt Buyers for Operating Without a License

CFPB Monitor

On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).

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Monetary policy transmission during QE times: role of expectations and premia channels

BankUnderground

Since 2009, when policy rates reached their effective lower bound, quantitative easing (QE) has become an important instrument of central bank monetary policy. This suggests that transmission channels working through expectations (signalling) and term premia have often operated together. Iryna Kaminska and Haroon Mumtaz.

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Carsharing Startup Getaround Raises $140M In Series E

PYMNTS

Founded in 2009 by Elliot Kroo, Jessica Scorpio and Sam Zaid, the company gives users the ability to rent their personal vehicles to others for set periods of time. . Silicon Valley carsharing startup Getaround won a $140 million Series E financing round led by PeopleFund, Getaround announced on Wednesday (Oct.

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SMBs Accuse Kabbage Of Abruptly Canceling Credit

PYMNTS

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. The firm was also reportedly “completely” shutting down operations in Bangalore, India. The company has furloughed workers as it deals with decreased spending at small companies.

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