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DraftKings To Merge With Other Companies, Go Public

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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DraftKings To Merge, IPO At A $3.3B Market Value

PYMNTS

Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

Las Vegas 130
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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

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Warehouses Aren’t Keeping Up With eCommerce

PYMNTS

Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. Construction of new warehouses is occurring in areas such as California, Phoenix, Las Vegas and Atlanta. are in areas such as New Jersey, Boston, Pittsburgh and Philadelphia.

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Fintech Fundings: 32 Companies Raise $210 Million Second Week of July

Fintech Labs Insights

The total value of deals this week was $206 million, with half ($100 million) going to Canadian blockchain technology provider Blockchain Intelligence. . Online automobile insurance. HQ: Jersey City, New Jersey. Alkami Technology. Digital banking technology. HQ: Boston, Massachusetts.

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Shaping the Message

Independent Banker

Boston native. Lifelong Boston Bruins fan. Rang the New York Stock Exchange’s opening bell. About four years ago, Needham Bank conducted a major rebranding campaign designed to woo customers away from big regional banks and megabanks prominent in its Boston marketplace. Needham, Mass. Assets: $1.9 Retail locations: Eight.

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How the Popular Bank Associate Trainee Program sets recent graduates on a career path to success in banking

PopularBank

Hometown: Briarcliff Manor, New York. Austin came to the Popular Bank Associate Trainee Program from Boston College, where he majored in finance and accounting and minored in philosophy. It allowed me to expand past my studies and explore areas in marketing, operations and technology. . Hometown: Saddle Brook, New Jersey.