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Facebook Opens New Boston Office
PYMNTS
JANUARY 11, 2019
Facebook , which is headquartered in Menlo Park, California, opened a new office this week in Boston. Facebook boston headquarters News office social media What's Hot
Boston Related Topics 
Amazon Launches Bookstore In Nashville, 4-Star Store In Boston
PYMNTS
AUGUST 15, 2019
Amazon has announced that it is set to open an Amazon Books location in Nashville, as well as an Amazon 4-star store in Boston. Amazon 4-Star Store B2B Payments bookstore boston Nashville News What's Hot
Boston Startup Nift Raises $16.5M for Business Gift Cards
Bank Innovation
APRIL 2, 2018
Boston-based startup Nift has raised $16.5 million in a Series A to fund its platform for “business gift cards,” a way for local businesses to drive customer engagement by providing gift cards to their consumers.
Lyft Tests Self-Driving Cars In Boston
PYMNTS
DECEMBER 7, 2017
Lyft has started its self-driving car pilot with the self-driving car company nuTonomy , matching its riders with autonomous vehicles in parts of Boston. nuTonomy made the announcement that passengers in Boston’s Seaport district will experience self-driving rides on the Lyft network in nuTonomy vehicles. ” Ridesharing autonomous cars boston Lyft News NuTonomy Self-Driving Cars What's Hot
Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles
PYMNTS
MAY 1, 2018
Amazon , announced news on Tuesday (May 1) that it will expand its Boston Tech Hub, creating 2,000 new tech jobs in fields including machine learning, speech science, cloud computing and robotics engineering. Amazon is excited to create 2,000 more jobs in greater Boston,” said Amazon’s Vice President and Head Scientist of Amazon Alexa, Rohit Prasad, who is based in the Boston area, in the press release. “In
Tech Center: Boston Steps Up Its Tech Game
PYMNTS
MARCH 31, 2017
Known for its Irish roots and sports teams, the city of Boston has significantly stepped up its technology game over the past few years. With 35 higher education institutions in the Boston area pumping out innovative tech startup companies left and right, the city has attracted big-time players in the industry. In addition to Google, Microsoft, Oracle and IBM, other tech companies have followed suit to have offices in Boston, including Twitter and Amazon.
Regulators need more tools to keep system safe: Boston Fed chief
BankThink
JULY 15, 2019
Stress tests Libra Minimum capital requirements Monetary policy Cryptocurrencies Nonbank Leveraged loans Eric Rosengren Federal Reserve Bank of Boston Federal ReserveThe U.S. lacks mechanisms authorized in other countries to flag nonbank risks, Eric Rosengren says.
Cannabis Startups Expected To Boost Warehouse Rents In Boston, L.A.
PYMNTS
JUNE 8, 2017
Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form.
Emphasizing the private at Boston Private
BankThink
MAY 22, 2019
Anthony DeChellis’ strategy for staying relevant in a competitive metro market is a little odd — rebuild the private banking business his predecessor shrank — but observers say he might be the executive who can pull it off.
MasterCard Adds Boston To ‘Priceless Cities’ Program
PYMNTS
APRIL 21, 2016
How can one sum up the history of Boston? And that’s exactly what happened this week after MasterCard named Boston on its list of MasterCard Priceless Cities, a program designed to connect consumers with the city through exclusive access options to popular destinations. Priceless Boston, as it’s officially called, includes partners such as the Boston Red Sox, Boston Pops, Museum of Science, TPC Network golf courses, exhale spa and restaurateur Ken Oringer, to name a few.
Amazon Same-Day Delivery Expands In Boston
PYMNTS
APRIL 27, 2016
While there was more conjecture than proof behind Amazon’s apparent decision to exclude a Boston neighborhood from its same-day delivery service, the issue appears to be off the table now. NPR reported that Amazon has agreed to extend same-day delivery to Roxbury, a predominantly black neighborhood of Boston that was previously excluded from the coverage area that already included many other communities in the the vicinity of Roxbury.
Sephora Launches First Small Concept Store In Boston
PYMNTS
JULY 21, 2017
Sephora has announced the launch of Sephora Studio, a new, 2,000-square-foot concept store in Boston that will focus on artistry and skin care services. According to a news release , the opening of the brick-and-mortar Boston location comes on the heels of the company’s largest North American store opening on Manhattan’s 34th Street. The new Sephora Studio debuted on Boston’s famous high-end shopping destination, Newbury Street, on July 21. “In
Boston’s Bridj Wants Self-Driving Robots To Deliver Goods
PYMNTS
AUGUST 30, 2016
Bridj — a Boston-based transportation startup that acts like an Uber for bus rides and currently serves the Boston, Washington, D.C., and Kansas City areas, now wants to launch a package delivery service that would use self-driving droids to transport packages to a customer’s front door, according to The Boston Globe. Bridj has thousands of riders in the Greater Boston area.
LA vs. NY vs. Boston: Deals And Dollars Showdown
CB Insights
MARCH 3, 2017
While Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued. Financing & Exits Geographies Los Angeles Massachusetts New York Venture Capital
Mastercard And BJ’s To Offer A ‘Priceless’ Boston Experience
PYMNTS
AUGUST 3, 2016
Boston doesn’t quite make it into the top tier of U.S. A “Priceless Boston” experience that includes an all-frills tour of Fenway Park (and tickets to that night’s game), a NASA astronaut-led session at the Museum of Science and a fishing trip with head chef Ken Oringer from the Toro restaurant. “We’re cities, like New York, L.A. and Chicago, but what it does offer in history, culture and sports draws tourists from across the country.
SVB Financial to buy Boston investment bank
BankThink
NOVEMBER 13, 2018
The California company will pay $280 million to buy Leerink Holdings, which focuses on health care and life sciences firms. M&A Integrations Investment banking California Massachusetts
Boston banks bulk up to keep pace with industry heavyweights
BankThink
OCTOBER 11, 2018
The added heft will help companies like Independent Bank and Berkshire Hills better compete with the bigger banks that control much of the region’s deposits, and perhaps give them a leg up on other giants, including JPMorgan Chase, moving into the Boston market.
Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond
PYMNTS
JUNE 23, 2017
Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. Including Boston and Chicago, which could see service as soon as the end of summer, Rinse has plans to expand into 10 new cities in the immediate future and eventually to go nationwide. The dry cleaning industry isn’t working. Customers feel it, vendors feel it— but both parties need it to work.
Radius Bank in Boston Buys National Equipment Finance Business
American Banker
DECEMBER 2, 2016
Radius Bank in Boston has bought a national equipment-finance business from NewStar Financial in Boston. breaking_news community-banking ma dealmaking-strategy
Boston Private lines up next CEO
BankThink
NOVEMBER 6, 2018
Anthony DeChellis will succeed Clayton Deutsch at the end of this month. Succession planning Career moves Career advancement Community banking Massachusetts
High-Flying Boston Banks Watching for Signs of Trouble
American Banker
MAY 6, 2016
Loan growth at several Boston banks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming. dealmaking-strategy cre commercial-lending mortgage ma community-banking
Federal Reserve taps Boston Fed COO to head payments task force
BankThink
DECEMBER 8, 2017
Payments Faster payments Payment fraud Esther George Federal Reserve Federal Reserve Bank of BostonIn the new role, Kenneth Montgomery will lead the Fed’s efforts to reduce fraud risk and improve the security and resiliency of the U.S. payments system.
People's United adds to Boston operations with BSB purchase
BankThink
NOVEMBER 27, 2018
The Connecticut regional bank will pay $327 million for the parent of Belmont Savings Bank. Community banking M&A Capital Growth strategies Massachusetts
Checkout.com Expands Global Footprint Into US With Launch of Boston Office
Let's Talk Payments
OCTOBER 3, 2017
Ex-Adyen North America President, Peter Caparso, joins Checkout.com to lead US growth Boston, October 3, 2017, 9:00 AM EST – Leading international online payments company, Checkout.com has today announced its. News Payments Checkout news US
Boston Vs. NYC Vs. LA Exits: New York Wins On Quantity, LA On Big Winners
CB Insights
OCTOBER 12, 2016
Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. In fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued. Geographies Los Angeles Massachusetts New York
Meridian to bolster Boston-area network with Meetinghouse acquisition
BankThink
JUNE 26, 2017
Meridian had been looking to expand in certain Boston suburbs before agreeing to buy Meetinghouse Bancorp for $17.8 million. Community banking M&A Capital Massachusetts
Boston Private Profit Off 7% as Wealth Business Slumps
American Banker
JULY 21, 2016
Boston Private Financial Holdings on Thursday reported a lower second- quarter profit amid broader declines in its wealth management business. breaking_news performance earnings-community-banks community-banking
Zac Sheffer of Elsen on data analysis and Boston’s thriving fintech scene
BankNXT
SEPTEMBER 15, 2017
Shaun Weston talks to Zac Sheffer from Elsen about data analysis, machine learning, engineering, financial services and the startup scene in Boston. Zac Sheffer of Elsen on data analysis and Boston’s thriving fintech scene on BankNXT. Fintech Podcasts analytics BankNXT Fintech Podcast big data business data entrepreneur interview machine learning sovereign identity
Fed names leader for development of real-time payment system
BankThink
AUGUST 15, 2019
Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years. Real-time payments Faster payments Career moves Federal Reserve Federal Reserve Bank of Boston
Best 41 Fun, Free or Cheap Things to Do and See in Boston, MA
Money Crashers
DECEMBER 14, 2017
As the undisputed economic capital of New England, Boston is home to headquarters or satellite offices of major companies such as General Electric,… Best 41 Fun, Free or Cheap Things to Do and See in Boston, MA is a post from Money Crashers. Bostonians are justifiably proud of their city. Founded in 1630, it’s one of the oldest permanently inhabited settlements in the U.S., and boasts an incredible stock of historical architecture to prove it.
HomeStreet to Buy Calif. Branches from Boston Private
American Banker
JUNE 22, 2016
billion-asset Boston Private Financial Holdings in Boston. The $5.3 billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3 breaking_news community-banking m-a consolidation ca dealmaking-strategy
Boston Consulting Group: China ecommerce hits USD 750 bln in 2016
The Paypers
MAY 10, 2017
(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
Seeking CRE (and CRA) Credits, Boston Private Opening L.A. Office
American Banker
MAY 9, 2016
Boston Private Financial Holdings is expanding its footprint in California, opening a new office in Los Angeles on June 1. The company will have 35 offices nationwide, including 14 on the West Coast. breaking_news commercial-lending community-banking
Why this bank is struggling to crack the Boston market
BankThink
JANUARY 27, 2017
Webster Financial was unable to hit its loan and deposit goals in Boston last year as it prioritized relationship building over cut-rate pricing. Deposits Branch banking Commercial lending Recruiting
Boston Private to cut costs, sell advisory business
BankThink
OCTOBER 18, 2018
The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin. Community banking Revenue and expenses M&A Earnings Massachusetts
How banks can fend off Amazon and Google
BankThink
AUGUST 6, 2019
Banks are right to fear the big tech companies that are eyeing financial services, according to Monish Kumar at Boston Consulting Group, who offers suggestions on how traditional lenders can protect their turf. Disruptors Amazon Google Boston Consulting Group
Revenue Grows, and So Do Expenses, as Webster Expands into Boston
American Banker
OCTOBER 21, 2016
lender's expansion into Boston. Webster Financial's profits barely grew in the third quarter from a year earlier, as solid revenue gains were offset by increased costs from the Waterbury, Conn., breaking_news performance ct sailthru-no-lead national-regional
Google Moves In Where Amazon, GE Move Out
PYMNTS
FEBRUARY 17, 2019
Amazo n and GE may be giving up on New York City and Boston respectively, but Google is taking a different approach, expanding in both cities. Other tech companies with presences in Boston include Facebook, IBM, Microsoft, Akamai and a slew of startups.
Boston's transit agency approves all-electronic fare upgrade
Payments Source
NOVEMBER 21, 2017
Boston’s Massachusetts Bay Transportation Authority has approved a $723 million overhaul of its fare system that would eliminate cash payments on buses and trains. Prepaid cards Mobile payments
ICBA President takes on The Boston Globe on cybersecurity
Long Lasting Ideas
APRIL 11, 2016
Fine put up his dukes so to speak after an article in The Boston Globe published a story contending that small community banks faced the greatest risk from hackers. Continue reading ICBA President takes on The Boston Globe on cybersecurity at Bank Marketing Strategy + Ideas.
Google Gets Back Into Robotics
PYMNTS
MARCH 26, 2019
As PYMNTS covered in 2017, SoftBank , the Japanese telecommunications company, announced that a subsidiary of SoftBank entered into a definitive agreement to acquire robotics pioneer Boston Dynamics from Alphabet , the parent company of Google. If at first one doesn’t succeed ….
PNC plans Boston, Phoenix middle-market expansion in 2019
BankThink
JULY 13, 2018
PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments. Earnings Commercial banking Regional banks Middle market William Demchak PNC Financial Services Group Pennsylvania
Digital Health Showdown: New York Overtakes Silicon Valley For Startup Funding, Boston Lags
CB Insights
DECEMBER 13, 2016
With products ranging from ingestible sensors to track medication intake to practice management solutions, startups continue to innovate within the digital health space. And as the ecosystem grows, funding is keeping up. Global funding to the industry reached over $3.5B in the … Continued. Financing & Exits Massachusetts New York Silicon Valley
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