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What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. In 2010, Blockbuster declared bankruptcy, a decade after famously telling Netflix, which then had $5 million in annual sales, to get lost when they suggested that Blockbuster buy them.

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Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. NorthOne , a FinTech firm that focuses on small business owners, is one of the companies that call the city home.

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House Financial Services Committee Chairman warns CFPB that restrictions on use of secondary data will stifle innovation and harm consumers

CFPB Monitor

The Chairman of the House Financial Services Committee, Patrick McHenry (R-NC), sent a comment letter to CFPB Director Rohit Chopra in response to the CFPB’s notice of proposed rulemaking that would implement Section 1033 of the Dodd Frank Wall Street Reform Act and Consumer Financial Protection Act of 2010. Continue Reading

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America’s banking regulations strangle innovations

Chris Skinner

Only three new banks have opened in the United States since 2010.

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California’s fintech startups are invading New York

Bank Innovation

together in 2010, there was little question about where they should put their headquarters. When two Irish brothers started Stripe Inc. It had to be California. Now, though, Stripe is leaving the tech mecca of San Francisco, awash in tech talent and investor cash, and is in the process of moving its main office about 10 […].

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Thanksgiving Innovation 101: The Turkey

PYMNTS

There isn’t a lot of room to really innovate the Thanksgiving turkey. The Instant Pot multi cooker was the idea that ended up being the solution to both of those problems and in 2010 the first-generation product launched on Amazon. So is this innovation worth investigation? Or is there? The Instant Pot Solution.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Necessity is the mother of invention.

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