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Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.

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Kohl’s To Debut New eCommerce Facility, Small-Format Stores

PYMNTS

Retailer Kohl’s will boost both its brick-and-mortar and eCommerce capabilities this year by adding four small-format, brick-and-mortar locations to its roster of stores and a fifth eCommerce fulfillment center. 2017 will be located in Rhode Island, Ohio, New Jersey and California.

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In Europe, Single Data Market Looms?

PYMNTS

This is a major weakness for data-driven businesses to emerge, grow and innovate today, including in Europe, but huge opportunities lie ahead.”. The Japan Times reported that the mandate would seek to keep tech giants such as Amazon from abusing dominant market positions when competing with smaller online retailers.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. New Frontiers in Retail Tech. RESTAURANTS.

Maine 70
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House Questions Big Tech Over Antitrust Concerns

PYMNTS

David Cicilline of Rhode Island, a Democrat who chairs the subcommittee, stated that the desire to boost the new economy had in effect fostered a mindset that let big tech self-regulate with “little oversight,” and that concentration has resulted. Sutton countered that retailers also tend to employ that model. percent in 2018.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. and a dearth of people with technical, operational experience running energy facilities. The lack of people with real operational experience “hurt KiOR a lot,” says O’Connor.

Capital 78