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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Facebook Nominates Alford To Board As Two Other Execs Step Down

PYMNTS

Bloomberg reported that before joining PayPal in March as senior vice president of core markets, Alford served as chief financial officer and head of operations for the Chan Zuckerberg Initiative, the nonprofit foundation of the social media giant’s CEO Mark Zuckerberg and his wife, Priscilla Chan.

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Unprecedented Facebook Data-Sharing Plan Takes Off After Privacy Delays 

PYMNTS

The Electronic Privacy Information Center said in a 2018 letter that the sharing violated Europe’s data-privacy law and Facebook’s obligations under its 2011 Federal Trade Commission (FTC) consent decree. . The urgency of this research cannot be overstated,” King and Persily said on Social Science One’s website last April. “We

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Watson Marketing Delivers a Competitive Edge that Financial Institutions can Bank On

Insights on Business

These contemporary banks are being built on cognitive computing, which became known in 2011 when IBM’s Watson computer defeated the top human contestants on the televised quiz show, Jeopardy. IBM has developed Watson Marketing capabilities to help banks discover insights beyond the abilities of conventional computing.

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Five Key Takeaways From Poshmark’s IPO Filing 

PYMNTS

Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash. We created Poshmark in 2011 to make buying and selling simple, social and fun.

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FTC: Facebook Lied To Users About Authentication, Facial Recognition

PYMNTS

The settlement is rumored to be released on Wednesday (July 24) before the closing of the stock market. As part of a 2011 FTC consent decree, Facebook allowed continuous privacy checkups by PricewaterhouseCoopers LLP. The new board committee will be added to the existing team.

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China’s Recommerce Market Heats Up

PYMNTS

Venture capitalists are funding new entrants to the field, and features like authenticity guarantees, postings to social media, the use of data and post-sale services could propel the industry forward, according to a new report from Fung Global Retail & Tech. Smaller firms are growing quickly and making gains in the market.

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