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. Investments funding Gusto HR Investment new york city News payroll Startup Venture Capital What's Hot

Visa Uses NYC Mass Transit To Ignite Contactless Payments

PYMNTS

specifically, the use of such payments for mass transit in New York City. In an new PYMNTS discussion, Dan Sanford, Visa ’s global head of contactless payments, talked with Karen Webster about the May 31 launch of a contactless payments pilot involving the Metropolitan Transportation Authority (MTA) in New York City and Chase. This is really going to change New Yorkers’ daily lives,” Sanford said. capital. The first time is a charm.

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.

BuzzFeed To Launch Unique Toy Store In NYC This Fall

PYMNTS

BuzzFeed is planning to open a toy store in New York City later this fall. New York Post reported that the store, called “Camp,” will be located in an 11,000-square-foot space in Manhattan’s Flatiron District. Each cycle, a retail partner designs an experience, offering a new point of view and then selling them to consumers. Freeman, senior managing director at GlassRatner Advisory & Capital Group, recently said.

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). Silver said the space can appeal to a wide range of demographics, from the office worker to the tourist coming off the High Line to someone traversing around the city or freelancing.

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 SachsArtificial intelligence startup Digital Reasoning has raised $30 million from a group of major banks, in a round led by French bank BNP Paribas. The other investors include U.K.’s

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. Capital & Funding Carousel Customer Experience Premium Profiles Retail Banking Startups challenger banks Grasshopper Bank startups

Cuomo: NYC Restaurants Might Open Indoor Seating Again On Feb 14

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If coronavirus cases stay at a stable level, New York Governor Andrew Cuomo said eateries in the Big Apple will be able to open again for indoor dining starting on Valentine’s Day at restricted volume, CNBC reported.

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.”.

Citi speeds ‘full-throttle’ toward AI-based credit management

BankInovation

NEW YORK CITYCiti is blazing a path toward comprehensive AI-based credit management. trillion Citi has leveraged AI for everything from document handling and back-office process automation to sanctions and capital management.

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 […]. Payments software provider Episode Six will launch in the U.S. soon, according to its co-founder and CEO John Mitchell.

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?

Instant Pay Startup Clair Notches $4.5M To Help Gig Workers

PYMNTS

New York City-based FinTech startup Clair has raised $4.5 We are thrilled to be one of the only sources of free capital for America’s hourly and gig workers,” Nico Simko , co-founder and CEO of Clair, said in a statement on Friday (Oct.

WeWork Co-founder Invests In Residential Real Estate Service

PYMNTS

Other investors include Spark Capital, New Enterprise Associates and apartment developer Greystar Real Estate Partners LLC. The report noted that WeWork only involved two buildings, one in New York City and one near Washington, D.C.

Rhino Raises $95 Million To Grow Rental Deposit Insurance Offering

PYMNTS

Rental security deposit insurance startup Rhino , based in New York City, has raised $95 million to help reach its goal of saving renters $500 million in 2021. Investments funding Insurance News rhino Venture Capital What's Hot

Today In Payments Around The World: Checkout.com Lands $450 Million In Series C; Pakistan Rolls Out Instant Digital Payment System

PYMNTS

Plus, Delivery Hero is launching an early-stage venture capital (VC) firm. Checkout.com, which was started in 2012, recently brought an office to New York City. Germany’s Delivery Hero Introduces Its Own Venture Capital Fund.

Data: London FinTechs Netted $3.6B In VC Investments So Far In 2020

PYMNTS

billion in venture capital investments between January and September 2020, according to a press release from London & Partners emailed to PYMNTS. New York City is also high up there, with $2.2

B2B Tech Startups Land Backing To Modernize The Enterprise

PYMNTS

More than $25 million in new funding landed at B2B FinTech startups this week, making it one of the slower VC roundups for the B2B landscape this year. Honcho plans to deploy the investment towards new hires and invest in its product roadmap.

Snap To Buy Digital Mapping Startup StreetCred; Adds To Location Strategy

PYMNTS

Snap , parent of social media company Snapchat , has bought New York City-based StreetCred , which is working on a platform for location data, according to a report from Business Blockchain HQ.

Starbucks Launches $100 Million Fund To Support SMBs

PYMNTS

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown.

Wardrobe: Recommerce Meets The Sharing Economy In Bid To Become The ‘Airbnb of Fashion’

PYMNTS

That’s the oversimplified view of the business model adopted by Wardrobe , a new kind of peer-to-peer fashion rental company that on Tuesday (Sept. 8) is breaking out of its New York City beta test and into a nationwide launch. People want to try new things.

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.

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. By the same token, Capital One has brought three Capital One Cafes in Chicago. and Canada, said in the press release, “Our customers in South Florida will have a chance to experience an entirely new way of banking thanks to Pepper.

DoorDash Ordered To Cut DashPass Commissions By DC Attorney General

PYMNTS

Commission rates of 30 percent may fall by the wayside where cities and states have been limiting what DoorDash can charge on eateries. Washington state became an example late in November and joins New York City as well as New Jersey.

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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. Currently, 2nd Address is available in the Bay Area, Los Angeles, New York City, Chicago and Washington, D.C.,

Today In Retail: Walgreens Pharmacy USA Registers $27.2 Billion In Sales; Bed Bath & Beyond Almost Doubles Digital Sales

PYMNTS

Resident, the digitally native mattress and home goods brand platform, notched a $130 million investment led by Ion Crossover Partners and Nexus Capital Management, with the participation of Baron Capital Group, in Q4 of 2020. In today’s top retail news, Walgreens Boots Alliance, Inc.

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Five At Five: Apple Faces New Fine Rule In Australia

PYMNTS

14) a new law that would call on technology companies, including Apple , to provide access to encrypted data if they receive a warrant. Capital market tech firm Axoni has become a leader in blockchain technology via partnerships with investment banks, asset managers and market infrastructure companies. The chain is also rolling out a voice-activated mirror in its flagship New York City location. Sleep Number Unveils New Interactive Store In New York City.

Apple 100

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.

Coinbase’s $100M In Funding Brings Its Valuation To $1.6B

PYMNTS

TechCrunch reported news that the venture capital funding round, led by IVP — with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates — was the first venture capital (VC) raise for Coinbase in more than two years. During this same six-month period, the startup has also had a fourfold increase in new customers signing up for the platform. Following its new $1.6

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

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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. ” In fact, the job grew 33 times faster than other positions this year, with demand highest in San Francisco, New York City and Atlanta.