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Building Vendor Trust With Virtual Cards

PYMNTS

construction market is on a roll, and recent data suggests it is unlikely to slow. The market is on track to record a compound annual growth rate (CAGR) of 4.9 Construction firms looking to succeed in this growing market and turn a profit must complete their projects on time, which means access to steady cash flows is crucial.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

Founded in 2012, the Phoenix-based company sells cars through its website and operates automated towers that store cars in U.S. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc. William Blair & Company, LLC, BMO Capital Markets Corp. Carvana Co., Baird & Co.,

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Investments Stay Afloat And Thrive Market Bags $111 Million

PYMNTS

In a world where sunshine in the news is in something of short supply, the good folks at Thrive Market can add good news for those in need of some to report to the list of things they deliver. You can’t eat it, but after the week the world’s markets have been having, reporting numbers in black ink is pretty delicious.

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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

million in a seed funding round led by VC firm PivotNorth Capital. With the latest seed funding round, Darkstore has reportedly set a new goal to hit $110 million in product fulfillment and is expanding into three new markets: Los Angeles, Seattle and Chicago. Darkstore already operates in San Francisco, Phoenix and New York City.

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Collaboration: The New Competitive Weapon

Gonzobanker

In an industry where the top five institutions control more than half the market share, it amazes me how few of the 6,000 other banks are taking advantage of shared insights and resources to compete. GonzoBanker Bank Chief Risk Officer Roundtable Phoenix Apr 3-5. GonzoBanker Bank CFO Roundtable Phoenix May 15-17. Nov 13-15.

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As Losses And Costs Rise, Alphabet Promotes Waymo’s Promise

PYMNTS

The Other Bets unit also reported an operating loss of $732 million, a 16 percent increase from the second quarter of 2017. According to some observers, that increase might indicate that hiring costs for Waymo employees are increasing as the market for connected and self-driving automotive technology continues to grow.