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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. .

Taxes 101
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Chinese Businesses Will Be Subjected To Social Credit Surveillance

PYMNTS

billion people, The New York Times reported on Sunday (Sept. The Chinese government has been working on a social credit system designed to be a “method to perfect the socialist market economy system, accelerating and innovating social governance,” a state council report indicated. People were blocked from buying tickets 17.5

Taxes 177
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Local Governments Move In On Retail Vacancies

PYMNTS

Many municipalities are looking to help by proposing new uses for vacant retail sites, including a citywide initiative in Fairfax, Virginia called Activate Fairfax , where the Department of Economic Initiative is soliciting requests for interest in an abandoned Container Store location. Even smaller cities are opting for such taxes.

Retail 135
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‘Stranger Things’ And Starcourt Mall Teach Us About Big Tech And Innovation

PYMNTS

They grilled execs from Google, Amazon and Facebook over claims of their size and power, which is said to be driving smaller companies out of business, reducing opportunities for new innovators to emerge and tilting the competitive playing field too far in their direction. That’s what teenagers did 34 years ago for fun.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. Quite the opposite, really—we often choose to lag behind competitors in offering new products and services purely due to barriers to entry from a pure cost standpoint. We’re looking into investing in a new coffee maker. pre-tax ROA: 2.68%.

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New Zealand Makes Open Banking Progress

PYMNTS

The overarching approach has been to bring API standards to bear so that financial firms can speed the time it takes to bring new products and services to market. The new standards will be available in a few months, with reports noting that Payments NZ is also looking into 365-day service availability, and speeding up payment systems overall.