Tech Center: New York City Takes on Tech Full Force

PYMNTS

For years, New York City has been at the epicenter of United States’ culture with the fashion and entertainment industries leading the way. With the top modeling agencies, MTV and the home of American broadway plays, there’s no denying New York City is bustling with creativity. With a big focus on technology in Silicon Valley and Boston, New York City slowly made its way to becoming a powerhouse tech player.

Organizers planning de novo bank in New York City

American Banker

Capital OCC City of New York, NY De novo institutions Growth strategiesThe group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.

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Barclays Report: Despite Weak IPOs, Uber And Lyft Can Be Profitable

PYMNTS

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. .

Payroll Startup Gusto Plans NYC Expansion With $200M Series D

PYMNTS

Reeves said he plans to pursue new products beyond payroll and HR as the company grows, adding FinTech features like its Flexible Pay, which allows wage advances for employees. The company also has New York City expansion plans for its R&D team, the article said.

Visa Uses NYC Mass Transit To Ignite Contactless Payments

PYMNTS

specifically, the use of such payments for mass transit in New York City. This is really going to change New Yorkers’ daily lives,” Sanford said. Over time, all New York City subway lines and bus routes will accept contactless payments, Visa said.

What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

13) on its new headquarters. The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City.

Mobile Apps Unlock Urban Oases For Rest And Productivity

PYMNTS

Take 3DEN , which is located at New York City’s Hudson Yards development. In addition to the current Hudson Yards location, additional New York City locations are planned to roll out this year).

Five At Five: Even Financial Gets New Funding Round

PYMNTS

Coverage includes Even Financial raising additional funding , Mattress Firm considering bankruptcy , the New York City Council planning to limit ridesharing licenses, Visa buying a stake in Israeli-startup Behalf and Microsoft Pay supporting MasterPass. Even Financial Gets New Round Of Funding. is reportedly mulling a move to file for bankruptcy protection as it looks to close some money-losing outlets and get out of some lease agreements, according to a new report.

NV 104

Bringing Deep Discounting To One Of America’s Most Expensive Streets

PYMNTS

” A recent analysis by KeyBanc Capital Markets confirmed that picture – while there is some item overlap between what a consumer can find on Amazon and what they can find in a Five Below, the customer who shops at Five Below is deriving unique value from their chosen shopping venue. “[The As of this fall, Five Below is coming to New York ‘s Fifth Avenue, arguably the most expensive street in America.

Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. It’s an effort among officials to expand options for young businesses and broaden access to funding beyond venture capital or traditional small- to medium-sized business (SMB) loans.

BNP Paribas, Barclays and Goldman Sachs Invest in AI Startup Digital Reasoning

Bank Innovation

’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. Capital Exclusive Innovations Startups artificial intelligence Barclays BNP Paribas Goldman Sachs

Grasshopper’s Shure on enhancing access to resources for startup founders

Bank Innovation

Grasshopper Bank, a New York City-based digital bank geared toward startups, is focusing on pain points for founders, who usually have a heightened awareness of user experiences.

Market Commentary: Week of April 6, 2020

SWBC's LenderHub

From the old adage, “seeing is believing,” COVID-19 has begun to ravage New York and the New York City Metro Area (New Jersey and southern Connecticut) and key markets such as Agency MBS and Municipals began to feel shaky again. What happened?

Japan’s Episode Six to Launch in the U.S. Soon

Bank Innovation

Though he could not disclose a timeline, Mitchell noted he's currently visiting New York City to lay the groundwork for the launch. “We We are hiring in North America and raising growth capital at the moment,” Mitchell […].

Federal Appeals Court Revives Class-Action Suit Against Capital One

PYMNTS

A federal appeals court has revived a proposed class-action lawsuit accusing Capital One Financial Corp. It also revived a claim under a New York state consumer protection law. “We’re We’re pleased with the outcome,” said Matthew Wessler, a lawyer for the plaintiff Tawanna Roberts, a Capital One customer in New York City. Capital One illegally extracted overdraft fees for purchases that were made when consumers had enough funds in their accounts.”.

Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino.

COVID-19 Disrupts Leisure In US, But China Expects ‘Revenge Travel’ Boost

PYMNTS

New York City, in one case, is calling off festivals, concerts, and nonessential gatherings through May and potentially June while the city aims to reduce COVID-19 infection rates, CNBC reported.

Facebook Eyes Leasing Neiman Marcus Store In Manhattan

PYMNTS

Jeff Blau, CEO of New York-based real estate firm Related Companies , a developer of the Shops at Hudson Yards, said vacated space at shopping centers were full of possibilities for future apartments or office space.

As The Dust Settles From Amazon’s HQ Pullback, Ancient Truths Emerge

PYMNTS

A day after Amazon said it would not build a headquarters in New York City after all, those two ancient lessons are holding true. Both the new governor of Illinois and the outgoing mayor of Chicago signed a letter urging Amazon to “take another look at Chicago.”.

2nd Address Goes After Business Travelers With $10M Investment

PYMNTS

A tech publication , citing the company, reported that the funding round was led by GV, the venture capital arm of Google and Foundation Capital. Proceeds from the round of fundraising are slated to improve the company’s technology and expand its service in more cities.

Cheat Sheet: Hensarling Asks for the Moon in Dodd-Frank Revamp

American Banker

House Financial Services Committee Chairman Jeb Hensarling R-Texas, is set Tuesday to unveil an ambitious plan to revamp the Dodd-Frank Act and replace it with a capital-based alternative during a speech in New York City.

Bankruptcy Wave Hits Whole Foods Competitors

PYMNTS

Earth Fare, according to industry reports , was said to have had as many as 100 new-store projects in its development pipeline late last year. Fairway, a 14-store chain in greater New York City, fell victim to a different dynamic: private equity. Big companies.

B2B FinTech Firms Brace For Growth With New VC

PYMNTS

The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated. million in new funding from DGF Investimentos for its small business financing solution, reports in Contxto said this week.

Goop Inc Taps Into Booming Wellness Market

PYMNTS

Goop has also notched over $82 million from outside investors and venture capital funds and reportedly has a value of more than $250 million. The brand’s new store in New York City, however, was said to be a bit different than its Los Angeles brick-and-mortar location.

Neiman Marcus Obtains Access To $250M With DIP Financing

PYMNTS

The company said its capital organization post-emergence is forecasted to take away roughly $4 billion in current debt, without any maturities in the short-term. The news comes as Neiman Marcus may leave its trendy digs at the Shops at Hudson Yards in New York City, as reported by PYMNTS.

Mastercard, Curb Launch Donation Campaign For American Cancer Society

PYMNTS

We are proud to support those in need, both financially and through the use of our ride-hailing platform, to connect cancer patients to taxis in New York City and beyond.”.

Coronavirus: Economist Says Housing Market ‘Shutdown’ Likely; Zillow Suspends Home Buying With Zillow Offers

PYMNTS

In comparison to the weekend of March 8, there were 28 percent fewer open houses during the March 15 weekend in New York City.

Bitcoin Daily: ‘Blockchain Developer’ Tops LinkedIn’s ‘Emerging Jobs’ Report; ICOs Face Threat Of Crypto Refunds

PYMNTS

solarisBank’s Blockchain Factory supports us in taking trading in cryptocurrencies and tokens to the next level, and in setting new standards in transparency and reliability,” said Alexander Höptner, CEO of Boerse Stuttgart, in a press release.

Cedar Raises $102M For Medical Billing

PYMNTS

Cedar, a provider of technology focused on fostering smooth financial interactions between healthcare providers and patients, announced $102 million in new venture capital funding and a new business relationship with a provider network on Monday (June 22).

DoorDash Confidentially Submits IPO Paperwork

PYMNTS

Although the markets are currently “inhospitable” for new listings, DoorDash and its underwriters at Goldman Sachs are counting on the volatility being over by the time the IPO is approved. Its most recent funding was $100 million in November, led by new investor T.

Which Financial Services Firms and Corporations Are Investing in Bitcoin?

CB Insights

Join Capital One Growth Ventures & CB Insights in New York City for The State of Blockchain. By leading a huge $50M investment into bitcoin payments firm Circle in April 2015, Goldman Sachs became the first bulge bracket bank to invest in … Continued. Fin Tech

Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

Taylor also previously worked at Capital One, Chase Manhattan Bank and JPMorgan. 26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster.

Silicon Valley Investments Temporarily On Hold Amid Coronavirus

PYMNTS

Private deals are facing interruptions due to new economic risks, while “shelter in place” limitations are rendering it impossible to assess startups face-to-face in the same physical setting.

LiquidX Branches Out With Finance Fix For Global Supply Chains

PYMNTS

Marketplace trading platform LiquidX is rolling out its Supply Chain Finance (SCF) program on its new web-based portal, the company said in a press release on Thursday (Dec. The SCF platform operates on a cloud-based web portal and is a multi-funder working capital solution.

The RealReal Notches $300M In IPO

PYMNTS

News surfaced in April that The RealReal had authorized the sale of up to $70 million in new shares, which could put its valuation at $1.06 In July, the company raised $115 million in funding led by Perella Weinberg Partners, with participation from Great Hill Partners and Sandbridge Capital.