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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

billion and offered 150 million shares for $20 to $22 each, according to a filing with the Securities and Exchange Commission (SEC). Rocket describes itself as the largest retail mortgage lender in the U.S. Last month, Gilbert sought an IPO for $3.3

Cleveland 233
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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. ‘Tis the season … to be very, very wary of phishing and other types of fraud.

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

CB Insights

Traditional retail is getting an upgrade. Despite the rise of e-commerce and mobile, the physical channel still plays an important role in consumer experience — and retailers are increasingly leveraging technologies to stay afloat. Cashier-less technology is one of the latest trends to dominate conversation.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

The amount was disclosed in the Annual Work Program, which had been devised by the European Securities and Market authority at the end of last month. FXStreet reported last week that the ESMA wants to track retail investor activities and coordinate its own regulatory efforts stretching across Europe.

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Oracle’s three modes of Progressive Transformation

Celent Banking

Suncorp in Australia has started the process of moving off its Hogan core by focusing on unsecured lending; its next stop will be secured lending. KeyBank , based in Cleveland, announced at Open World that it intends to use non-core systems components of Oracle Banking Platform (“OBP”) to enhance and modernize its mobile and online channels.

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Virtual reality: What role could it play in financial services?

NCR

It’s not uncommon to hear these concepts mentioned alongside the likes of artificial intelligence and the Internet of Things in any discussion about the technologies that are driving change in the modern world. He said these technologies provide “new kinds of interfaces” between customers and banking services.

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Overstock CEO: Why Immunity Passports Could Move Blockchain Tech Mainstream

PYMNTS

These startups are leveraging blockchain technology to create app-based solutions that will let individuals download and control their health records and selectively share them with businesses, industries and health organizations. That’s why Overstock ’s investment arm Medici Ventures has turned toward firms like Evernym and Vital Chain.