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Digitalization allows U.S. Bank to expand reach

BankInovation

Bank’s investment in digitalization has enabled it to reach beyond its branch network as it plans to expand to seven new markets. The $668 billion bank is expanding to Arizona, Florida, Georgia, North Carolina, New York, Texas and Tennessee, according to its presentation at the BancAnalyst Association of Boston Conference on Thursday.

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Retail Pulse: Wayfair Opens Mall Store; Banana Republic Unveils Style Passport

PYMNTS

Wayfair , for instance, opened a store at the Natick Mall in suburban Boston, where consumers can experience products firsthand before making a purchase, after debuting a pop-up shop there last year. Online furniture retailers are stepping further into the world of physical retail with permanent brick-and-mortar stores.

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What Serving The Internet’s ‘Underserved’ Means For Payments

PYMNTS

That matters because as time goes by and existing cities become prohibitively expensive — think San Francisco, New York City and Los Angeles, with Chicago, Boston and other areas not far behind — many younger, well-educated consumers are making moves to exurban or even rural areas, or smaller cities.

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The Great Grocery Race Shifts Into High Gear

PYMNTS

Boston, Philadelphia and Washington D.C. As of today, Prime Now grocery delivery from Whole Foods Markets is now available in Las Vegas, Nevada; Charlotte and Raleigh, North Carolina; Nashville, Tennessee; Memphis, Tennessee; New Orleans, Louisiana; Oklahoma City, Oklahoma; Phoenix, Arizona; Seattle, Washington; and Tucson, Arizona.

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55 US Companies That Became Unicorns In 2018

CB Insights

New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Company Description: Based in Nashville, Tennessee, SmileDirectClub provides at-home teeth-straightening kits. Services include a CRM, report generation, and marketing tools. SmileDirectClub. Valuation: $3.2B.

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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

Retailers are leveraging technology, such as artificial intelligence and augmented reality, to enhance operational visibility and personalize their customer service, a new necessity in fast-changing and demanding consumer market. Kohl’s can move into smaller markets where a larger store may not fit. Turning grocery on its head.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

HQ: Boston, Massachusetts. HQ: Nashville, Tennessee. Crowdforecasting future events for financial markets. Source: Crunchbase , Finovate. Goji (formerly Consumers United). Consumer insurance portal. Latest round: $19 million. Total raised: $89 million. Source: FT Partners. D3 Banking. Banking platform. Source: Finovate.

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