Tech Center: Los Angeles On The Brink Of Becoming Tech Power Player

PYMNTS

However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015. GDP of Los Angeles County (2015): $930.82 There’s a chance that Los Angeles is ready to take on Silicon Valley.

Whole Foods 365 Expands To Los Angeles

PYMNTS

Whole Foods has expanded its 365 concept to Los Angeles with a new opening in the Silver Lake neighborhood. The store focuses on serving millennial customers who value convenience, are mindful of price and tend to keep away from products containing artificial preservatives and colors. Much like an ordinary Whole Foods store, the newly opened 365 store offers grab-and-go food and grocery items, including produce, bakery, supplements and beverages, among other things.

Los Angeles Venture Is Underrated

CB Insights

The following is a guest post by Samir Kaji (@samirkaji), Senior Managing Director at First Republic Bank (@firstrepublic). When ranking US startup hubs, it’s widely accepted that New York City stands out clearly as the largest venture ecosystem outside of … Continued. Guest Post Uncategorized

Passport, the technology business for city transit systems, raises $43 million

PYMNTS

Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million.

Wells Fargo Scandal Prompts Crackdown by Los Angeles

American Banker

The Los Angeles City Council passed a motion last week to restrict large banks vying for city contracts from using predatory sales goals in response to the furor over Wells Fargo's phony accounts scandal. breaking_news compliance cfpb law-regulation

PacWest to buy CU Bancorp in Los Angeles for $705 million

BankThink

The deal, which is expected to close in the fourth quarter, should significantly increase PacWest's operations in southern California. Growth strategies M&A Capital California

MidFirst in Oklahoma City to Buy 1st Century in Los Angeles

American Banker

MidFirst Bank in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles. breaking_news community-banking m-a ca ok dealmaking-strategy

Alipay And Yelp Partner To Give Chinese Travelers Access To Reviews

PYMNTS

In a press release, Alipay said that with the beta launch, any of Alipay’s more than 520 million users visiting North American cities, such as New York City, Los Angeles, Las Vegas and San Francisco, can now easily discover, plan, make reservations, share experiences and pay for them via online payments at any local business using Yelp’s content.

Construction Set for $40-Million Music Center Plaza Renovation in Los Angeles

CU Insight

Construction is set to kick off next month on The Music Center plaza's extensive $40 million renovation in Downtown Los Angeles

The Rise Of The Chinese Tourist – And The Power Of Using Payments To Greet Them

PYMNTS

When Los Angeles first began its efforts to market to international tourists in 2006, China wasn’t much of a consideration. Chinese tourism is a big deal for Los Angeles. tourism Los Angeles tourism Mobile Payments NewsWith all of the nations that sent tourists to L.A., China didn’t even make the top 10 a little over a decade ago.

Welcome To Alexa City

PYMNTS

Los Angeles was, perhaps unsurprisingly, the first U.S. Los Angeles. The City of Angels launched its Alexa skill during the 2016 holiday season and leveraged it to push out information about holiday events in the area. The Los Angeles Information Technology Agency, which developed the skill, soon taught Alexa to provide information about reading times at local libraries and information about City Council members and upcoming sessions.

Millennials’ Perfect Combo: Taco Bell And Forever 21

PYMNTS

Submitted images will serve as inspiration only, however — though they may appear on screens alongside models at a preview runway event in the Los Angeles Fashion District on Oct. Retail Fashion Line Fashion News fast fashion Forever 21 Los Angeles Fashion District News partnerships Taco Bell What's HotWant to wear your love of tacos on your sleeve? And no, we don’t mean sauce stains.

Voice Activated Tracker: Alexa Goes Hollywood

PYMNTS

Now, Los Angeles has even begun to develop location-specific skills for Alexa, with tentative plans to bring Google’s Allo and Microsoft’s Cortana along for the ride. But like most things, Los Angeles is starting off small with its AI assistant integrations — testing the digital waters rather than diving in head-first. Launched last month, users could ask Alexa to find holiday events in the Los Angeles area by saying, “Alexa, ask L.A.

The Uber Of Fitness Trainers: Handstand

PYMNTS

Currently offered in a session subscription payment method, Handstand is available in Los Angeles and Orange County; the plan is to roll it out to Boston, New York, San Francisco and Chicago. uber of x fitness handstand Los Angeles News startups Uber of XDid you know that physical trainers and fitness instructors only get paid a very small fraction of the cost you pay the gym per hour?

Nipton, Calif., Goes To Pot, Literally

PYMNTS

Merchant Innovation American Green California Cannabis cannabis commerce Congress Innovation Jeff SEssions Las Vegas Legislation Los Angeles Marijuana narcotics Nevada News Nipton CA pot pot tourism Retail Retail Feature Tourism weedIn real estate and in retail, location is everything. Malls operated on that theory for years: Put a few anchor stores in to draw foot traffic and the smaller ancillary stores feast on the revenue rewards of being close by.

Uber Of X: Bark’N’Borrow

PYMNTS

So, we went from 600 profiles in Los Angeles to 12,000 over eight hours after our New York Times story. uber of x Borrow Dogs ecommerce Los Angeles Pet owners Pets sharing economy Uber of XDog lovers rejoice! If you ever wanted a dog but couldn’t care for it full-time, you’ve got an opportunity here. If you have a dog and are looking for a new “dog-sitter,” you’ve got an opportunity here. Meet Liam Berkeley, founder and CEO of Bark’N’Borrow.

Cannabis Startups Expected To Boost Warehouse Rents In Boston, L.A.

PYMNTS

Industrial rents in already-expensive cities like Los Angeles and Boston are expected to get a boost because of weed startups, according to Bloomberg Markets. Real Estate boston legalization Los Angeles Marijuana News Recreational marijuana Rent Retail startups warehouse weed What's HotSpace in those cities will be snapped up as part of a wave of pot legalization that was set in motion when eight states voted to permit cannabis in some form.

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Boston Vs. NYC Vs. LA Exits: New York Wins On Quantity, LA On Big Winners

CB Insights

Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. Geographies Los Angeles Massachusetts New YorkIn fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued.

LA Rising: Finacing, Deal Share, And Investor Trends In A Blossoming Tech Hub

CB Insights

The Los Angeles metro area is home to tech unicorns such as Snap, The Honest Company, Age of Learning, and Procore Technologies, among others. Funding & Dealflow Geographies Los Angeles Venture CapitalAs LA’s community of tech talent, entrepreneurs, and founders continues to grow, the area is seeing a … Continued.

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LA vs. NY vs. Boston: Deals And Dollars Showdown

CB Insights

Financing & Exits Geographies Los Angeles Massachusetts New York Venture CapitalWhile Silicon Valley remains the top area for VC-backed startup funding, activity has long since defused to New York and beyond, with LA and Boston seeing a large number of deals and dollars flowing to startups in the region. Below … Continued.

L.A warns banks: Don’t set sales goals if you want city's business

BankThink

Law and regulation Government finance Compensation City of Los Angeles, CA 544351 Wells FargoA measure passed by the city council, which still needs final approval, would require banks that want city contracts to disclose whether they set individual or branch-level sales requirements. It comes in response to the Wells Fargo fake account scandal.

CIT Purchase Of OneWest Generates Controversy at Los Angeles Hearing

Bankaholic

I supported CIT Group’s proposed acquisition of OneWest Bank at a hearing in Los Angeles last week because I think it will be good for savers — or at least some savers.

Float Raised $3M to Offer Credit Cards, ‘Without the Plastic’

Bank Innovation

Float – a Los Angeles-based startup, launched today – is set to change that. It’s not news that millennials hate credit cards. Which is one of the reasons a lot of them end up as “thin file,” with through-the-roof overdraft fees.

Media Focused Fintech FastPay Picks Up AnchorOps in a Bolt-On Deal

Bank Innovation

Los Angeles based FastPay, a fintech that specializes in providing financing to media companies, has acquired AnchorOps, an electronic payment solutions provider for media buyers.

UNIFY CU Becomes the Official CU for the LA Rams

Keith Leggett's Credit Union Watch

UNIFY Credit Union (Torrance, CA) announced a multi-year partnership with the National Football League's Los Angeles Rams, as the official credit union of the team. The partnership will include Rams ticket/merchandise giveaways and events with Rams players, cheerleaders and mascots at UNIFY’s retail branch locations in the Los Angeles area.

BlackLine Gains Nearly 50% in Largest Tech IPO of 2016

Bank Innovation

Los Angeles-based BlackLine priced 8.6 BlackLine Inc. priced its IPO at the high end of the range on Friday, and surged nearly 50% in a delayed opening, squarely placing the accounting and software company in unicorn territory. Could this signal the beginning of something good for tech?

Automated Payments Systems in High Demand as International Payments Soar Due to Increasing Pace of Globalization

Let's Talk Payments

Nearly half (46%) of respondents expect to increase international payments in 2016, with 29% planning to upgrade to deploy automated systems LOS ANGELES – October 4, 2016 — AFEX, one.

PacWest profit jumps 50% on improved credit quality, CRE growth

BankThink

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit. Earnings Commercial real estate lending Credit quality Deposits California

Exclusive Interview With Talal Bayaa, Co-Founder of Bayzat

Let's Talk Payments

Talal Bayaa is a graduate of the University of California, Los Angeles. LTP recently had the pleasure of interviewing Talal Bayaa, the Co-founder of Bayzat. He is a CFA. Innovation Insights Insurance Payments Asia Europe insights US

Water and Power CCU (CA) Offers 3.00% APY 48-Month CD

Deposit Accounts

Availability: Employees of Los Angeles Department of Water and Power (LADWP); residency based on Zip Code (LADWP service area); 15 other SEGs. Headquartered in Los Angeles, Water and Power Community Credit Union’s field of membership (FOM) is primarily residency-based with individuals who live, work, worship, or attend school in a qualifying zip code, eligible to join. Related Pages: Los Angeles CD rates , 5-year CD rates. | About Us. Forum. Banks.

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OCC Deserves More Scrutiny in Wake of Wells Fraud

American Banker

Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators? consumer-finance occ enforcement cfpb exams compliance law-regulation

EMV solution to retailers powered by Shift4, Multidev and Ingenico

The Paypers

(The Paypers) Shift4 , Multidev and Ingenico have teamed up to successfully install an EMV solution at Opening Ceremony retail locations in New York and Los Angeles

Bank with Korean-American, SBA focus plans to go public

BankThink

OP Bancorp in Los Angeles aims to raise $20 million to fund organic growth and acquisitions. Community banking IPOs Capital SBA California

Krebs: Card breach at Trump hotels

CU Insight

KrebsOnSecurity has identified a potential card breach affecting Trump hotels in Chicago, Honolulu, Las Vegas, Los Angeles, Miami and New York. Uncategorized Chicago Honolulu KrebsOnSecurity Las Vegas Los Angeles MIAMI NAFCU Today New York Trump hotels

Hope Bancorp puts material weakness in its rearview mirror

BankThink

The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state. Community banking Accounting M&A California Washington

SEC reveals 2016 hack that may have been used for illegal trades

CU Insight

Industry News Associated Press Data Breach Hack Jay Clayton Los Angeles Times SECThe Securities and Exchange Commission said Wednesday that a cyber breach of a filing system it uses may have provided the basis for some illegal trading in 2016.

CyberScout to support LAFCU Shred Day

The Paypers

(The Paypers) Los Angeles Federal Credit Union (LAFCU) has teamed up with CyberScout to ramp up its identity theft protective services with two important offerings

L.A. Bank Forms Holding Company

American Banker

Open Bank in Los Angeles has formed a holding company. breaking_news dealmaking-strategy ca community-banking

The motivation to serve underserved communities

CU Insight

The numbers are similar in urban areas such as Los Angeles, Sacramento, Boston, and Washington DC. Community Lending Borrowers Boston Cooperative Los Angeles low loan rates managing risk Sacramento Sarah Marshall underserved communities urban areasLow loan rates.

PacWest to Sell Four Properties for $12 Million

American Banker

PacWest Bancorp in Los Angeles has agreed to sell four properties in California to a real estate firm. breaking_news dealmaking-strategy ca branch-deals community-banking