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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

For example, as reported by Forbes, auditor Grant Thornton wrote that “management believes” it can meet its financial obligations through February 2021. Orlando, Tempe, Cleveland, Philadelphia, Indianapolis, Pittsburgh, Chicago, Kansas City, Greensboro, Westminster (L.A.), Ontario (L.A.), Oklahoma City, and Memphis.

Company 130
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Retail Pulse: FAO Schwarz To Open New Flagship; Amazon Expands Grocery Delivery

PYMNTS

And Starbucks has a new investor : Pershing Square Capital Management, the activist hedge fund controlled by activist investor William Ackman, now has about a 1.1 Sources have also said that Lampert has asked AlixPartners, Lazard and lawyers at Weil, Gotshal & Manges LLP for advice. percent stake in Starbucks.

Retail 116
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ORACLE: Swinging the Bat in Cloud Services

Celent Banking

" For the largest banks like Capital One that have significant IT development capabilities in-house and with the willingness to experiment with new technologies, AWS makes a lot of sense. Most banks, however, are not Capital One. " and have moved onto the more interesting question " How cloud? "

Chicago 100
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This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass

CB Insights

The company offers a commercial real estate management platform and offers a commercial P&C insurance program for portfolios between $500K and $10B in AUM. . Goodcover , a San Francisco-based insurtech, raised a $2M seed round led by Fuel Capital. Obie , a Chicago-based proptech startup, announced it raised $2.8M P/E multiple.

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Beyond Amazon Go: The Technologies And Players Shaping Cashier-Less Retail

CB Insights

Clients can view the full list of 150+ cashier-free retail operators here. Some historians date its existence to over 2,000 years ago: texts from ancient Greece describe a coin-operated machine for dispensing holy water in temples. Today, Amazon operates four Amazon Go stores: 3 in Seattle and 1 in Chicago. Companies to watch.

Retail 71
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The Future of Noninterest Income at Financial Institutions

Abrigo

Capital One and Fifth Third Bank have launched programs to give customers early access to direct deposits, up to two days. A recent study by the Cleveland Fed noted that traditionally, noninterest income is only 30% to 40% of small banks’ operating revenue, compared with over half of large banks’ revenue. Keep me informed.

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Cognitive Technology: A shelter in the storm of regulatory change

Insights on Business

Practical experience suggests cognitive systems can be extremely effective facilitators of change in managing risk and compliance, whether it is to understand the constantly changing regulations, or to address the compliance requirements. This is capital that cannot be deployed elsewhere or used to create value.