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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

The tech company’s formidable performance comes as Chinese authorities seek to exercise more control over the nation’s top digital platforms. Group Seeks to Block Maryland Online Advertising Tax. Maryland legislators ratified the tax earlier in 2020, but Gov. Maryland legislators ratified the tax earlier in 2020, but Gov.

Maryland 151
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Core eCommerce Strong, Alibaba Mobile Users Up 20 Pct YoY

PYMNTS

The core eCommerce business showed robust growth, while the company still seeks diversification away from that line, which includes online retail sites Tmall and Taobao. Though not explicitly broken out in filings by Alibaba, The Wall Street Journal estimated that pre-tax profit at the unit slumped to 2.4 billion yuan from 5.3

Mobile 100
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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Despite Chris Rock’s old adage that people “don’t sell drugs, drugs sell themselves,” being in the legal — or at least legal-ish — business of cannabis retail is surprisingly difficult and friction-filled work. The problem is not in moving the supply.

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The Beginning Of The End For Bitcoin?

PYMNTS

Sebastian Quinn-Watson of Blockchain Global, a bitcoin exchange operator, told Business Insider that the news out of China was an “absolute win” for the cryptocurrency community, because it will weed out illegitimate ICOs. Even they are exercising caution, however, capping bitcoin payments at $261 USD (at least for now).

Bitcoin 177
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Open banking APIs are open for business

Insights on Business

A traditional retail bank has its own distribution channels (such as branches, contact centers, and digital channels). It also creates its own products and has its own back-office operations. However, in the retail market, the bank is experimenting with a solution that streamlines the process of buying a house.

Fintech 181
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Profits in a time of inflation: some insights from recent and past energy shocks in the UK

BankUnderground

Profits versus excess profits: measurement and trends Measuring profits is a challenging task : national accounts data are affected by the ‘mixed income’ of self-employed, taxes and subsidies, and conflate two different dynamics: those of the market and non-market (real estate and public) sectors.

Capital 57
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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The operative question is: given online and mobile banking, what is the new role of the branch? At an average of $1 million per year to operate, the branch is the most expensive per unit channel in banking, given that a good branch serves 2,000 to 3,000 customers. Branching is expensive – banks need to use the asset wisely.

Data 195