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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The 350,000-square-foot facility will be located in Westborough, Massachusetts, which is 35 miles west of Boston.

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Ex-State Street Execs Charged In Defrauding Scheme

PYMNTS

2011 — added secret commissions to both equity and fixed-income trades for clients of the “transition management” business, a subset that helps clients move portfolios across asset classes or managers or even liquidate large portfolios. The indictment itself alleges that the two — during a timeframe that stretched between Feb.

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CFPB announces senior leadership changes

CFPB Monitor

Fiene joined the CFPB in 2011. Garibay has 14 years of experience in policy communications focused on financial issues and served most recently as Senior Advisor and Acting Communications Director at the Office of Management and Budget. Laura Fiene will serve as West Regional Director.

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State Street Settles Secret Commission Charges, Pays $64.6M

PYMNTS

Attorney William Weinreb in Boston said in a statement, according to Reuters. In April, prosecutors announced they had indicted two former executives at State Street: Ross McLellan, a former executive vice president, and Edward Pennings, a former senior managing director in the bank’s London office. million (about $37.8

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

PYMNTS

And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers. According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. The Apple Card’s Big Launch.

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MIT, Harvard Pinpoint Impact Of Faster B2B Payments

PYMNTS

Days after AP’s story was circulated, reports emerged from the MIT Sloan School of Management and The Harvard Business School that provides new evidence that faster payments can help small businesses. But according to PK Boston attorney Robert Pellegrini in an interview with AP, accepting payments late can be dangerous for any business.

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Digital payments on the rise in India – what does this mean for the region?

NCR

According to new research by Google and Boston Consulting Group , the value of digital transactions in the world’s second-biggest nation is expected to reach $500 billion by 2020 – ten times the level seen today. India set for a digital boom. One market that’s particularly poised for growth is India.