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Boston Fed Takes On Cyber Risks, FinTech Competition

PYMNTS

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.

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Gap Between In-Store, Online Shrinking

PYMNTS

As retailers improve their inventory and fulfillment options, the gap between in-store and online commerce appears to be shrinking, at least according to a new report. billion in 2016, with large chunk of that coming during the holidays. billion in 2016, with large chunk of that coming during the holidays.

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Boston Consulting Group: China ecommerce hits USD 750 bln in 2016

The Paypers

(The Paypers) In 2016 Chinese consumers spent about USD 750 billion online, outspending both US and UK online purchases combined, according to Boston Consulting Group.

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FinTech LendingClub Buys Radius Bank For $185M

PYMNTS

LendingClub provides personal lending online, and it wants access to funding that is more stable and not as expensive. Radius is based in Boston and has in the neighborhood of $1.4 In 2016, the company faced a setback when its founder, Renaud Laplanche , was fired for irregular loan practices. billion in assets.

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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

PYMNTS

Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 The goal for Advent is to profit on the surge in online sales. It will also take a 25 percent stake in its German business.

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Goldman, JetBlue Team Up On Installment Loan Product

PYMNTS

Marcus , the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 The deal follows JetBlue’s announcement that it has temporarily consolidated service in Boston, Los Angeles, New York City, San Francisco and Washington, D.C.

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Building An Online Brand, In Real Life (#IRL)

PYMNTS

And, rather than spending on overhead costs like stores and inventory, the company launched online, selling directly to consumers. There’s nothing more disappointing than ordering something online and it not being up to the quality you expect and that you paid for. The future of footwear may just be digital.

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