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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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In Europe, Single Data Market Looms?

PYMNTS

The European Union is examining the creation of a single data market that would reportedly challenge tech firms such as Google and Facebook, as Reuters reported. The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets.

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Restaurant Business Serves Up Mixed Plate For 2020

PYMNTS

That growth will be driven by a generally healthy consumer spend and tight labor market. To be successful, restaurant operators will look to strike the perfect formula of on- and off-premises for their business as consumers strive for convenience, but continue to look to the social escape that restaurants provide.

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Santander Gets Hit With Fine Due To Overdraft Practices

PYMNTS

According to the CFPB, the telemarketing vendor Santander contracted with deceptively marketed the overdraft service to consumers and signed them up without getting their consent. We will put a stop to any such unlawful practices that harm consumers.”.

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How Charitable Giving Boosts Online BNPL Sales, Customer Engagement

PYMNTS

Retailers are not just looking to donate a percentage of profits to a charity or cause, either, but are also seeing it as a way to foster customer engagement. This has helped grow the business and connect with other businesses,” said Jeremy Smith , who runs charitable outreach at Casely and operates as its head of product. .

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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.

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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.