PYMNTS

NOVEMBER 6, 2019

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The new facility will be in addition to the Amazon Robotics site in North Reading, Massachusetts. Massachusetts Gov.

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PYMNTS

APRIL 2, 2019

Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. But not all innovation labs or tech hubs give rise to seamless tech progression. PYMNTS readers can be forgiven if they view innovation labs (no matter the label) as something that verges on retail fad.

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Bank Innovation

APRIL 19, 2017

trillion in total payments through Alibaba’s Alipay service last year, compared to only $70 billion in 2012; Tencent’s WeChat users sent about $1.2 According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in […].

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Payments Report Online Mobile 305

Bank Innovation

JUNE 29, 2017

Free credit reporting company Credit Karma reported more than $500 million in revenue in 2016 — a 50% increase compared to the prior year — hitting 70 million members since the launch of its flagship product — credit monitoring — in 2012, the company announced this week. What’s the secret to its success?

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Chris Skinner

JULY 5, 2017

In this growing and dynamic market, payments have been one of the major drivers of growth and innovation. Exhibit 1: Turkish payments market in numbers … inspiring the world with its innovative solutions Turkey with its rich history, going back to thousands of years ago, is a land that has shaped the history of economics as well.

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Bank Innovation

MARCH 20, 2018

based Digital Reasoning was launched in 2012. The other investors include U.K.’s ’s Barclays, Square Capital, Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City. The.Read More.

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Bank Innovation

JANUARY 31, 2018

Moven burst onto the fintech scene in 2012 — it was founded in 2011 and launched an alpha product in 2013 — as Brett King’s bank, or bank account. Neobank Moven has secured an undisclosed amount from SoftBank and is looking to acquire a bank with the funding, according to an American Banker report. Originally […].

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PYMNTS

MARCH 15, 2017

The big day has finally arrived — no thanks to Mother Nature, who decided to throw a disruption of her own at the year’s biggest celebration of innovation in the shape of a blizzard named Stella. The fifth anniversary of Innovation Project in Harvard Square today being one extremely tenacious example.

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Bank Innovation

FEBRUARY 3, 2020

million loans since its inception in 2012. Installment lender LendUp, which targets customers underserved by the credit system, has hit a milestone of $2 billion financed through the platform. It’s delivered 6.5 The […].

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PYMNTS

DECEMBER 9, 2020

The FTC complaint alleges that Facebook has engaged in a systematic strategy — including its 2012 acquisition of Instagram, its 2014 acquisition of WhatsApp, and the imposition of anticompetitive conditions on software developers — to eliminate threats to its monopoly, according to the release.

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PYMNTS

DECEMBER 6, 2017

In short, customers want innovation, but restaurants, largely, aren’t giving it to them. The Index’s inaugural edition explores why companies in the $230 billion QSR space struggle to innovate, and how they can change that reputation. According to PYMNTS research, most brands in the QSR space are losing the innovation race.

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Chris Skinner

JULY 3, 2017

Here are the key highlights: Over the past five years customers’ activity on banking apps rocketed by 354%, with apps now an increasingly popular way to access current accounts rising from 21% of access in 2012 to 61% by the start of 2017. These innovations are helping us to manage our finances more easily.

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PYMNTS

OCTOBER 31, 2019

eCommerce innovators and established brands are taking new approaches to food commerce. Data: 2012: The year meal kit company Blue Apron launched. FIX , for instance, is changing the meal delivery model by ditching subscriptions and allowing customers to shop for meal kits and buy them a la carte when they want them. And Mondel?z

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Bank Innovation

JUNE 21, 2016

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

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Chris Skinner

APRIL 13, 2017

It feels nearer, but when a group of experts on Artificial General Intelligence were asked this question in 2012, their view was that it would not be achieved until 2040. As you can see, the idea – and sexism – hasn’t changed much in that time. That will be somewhere over the next 10-25 years to achieve.

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Bank Innovation

JULY 26, 2019

In 2012, he founded Upstart, a company […]. Dave Girouard, CEO and founder of Upstart, testified before Congress’ Task Force on Financial Technology for its hearing on the use of alternative data in loan underwriting and credit scoring.

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PYMNTS

JANUARY 22, 2018

More important, perhaps, than the innovations they made on behalf of their more famous lead players, was how their contributions accelerated those innovations’ time to market. Innovation in payments and commerce has an unsung hero, too. And who will influence how innovation happens. That was then.

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PYMNTS

JUNE 20, 2019

In this case of retail innovation, that comes down to a former Snap executive taking on Amazon with the launch of a new eCommerce platform. The company is aiming to compete directly with Amazon , which launched its online Brazilian operations in 2012.

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Bank Innovation

MAY 29, 2019

Founded in 2012, San Francisco-based Plaid helps customers and banks transmit data back and forth. Fintech startup Plaid Inc. is expanding its footprint into the U.K., a region it believes could eventually match the U.S. in terms of revenue, despite political uncertainty.

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PYMNTS

DECEMBER 4, 2019

What they learned was that they liked making mead a lot, and started pursuing it has a hobby in their garage until about 2012, when family and friends suggested there might be a business in it. And so the Herberts became professional mead makers — and set about innovating a product with a 4,000-year history to introduce it to consumers.

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PYMNTS

MARCH 29, 2020

Tink was formed in 2012. Tink is undoubtedly one of the most innovative companies within open banking,” said Eurobits CEO Arturo Gonzalez Mac Dowell. Tink received 90 million euros ($100.1 The company bought Eurobits for 15.5 million euros ($17.2 The company has 54 employees, all of whom will now be a part of Tink’s team.

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PYMNTS

MARCH 6, 2017

He’s the head of Neiman Marcus’ Innovation Lab. Founded in 2012, the Lab has one of those simple/not so simple missions — to hit reset on the Neiman Marcus experience in a way that both holds onto their highly desirable base of affluent and loyal customers and also branches out even further. “The

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PYMNTS

OCTOBER 2, 2019

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Innovation is at the heart of what we do at Careem , and has been critical to our success in winning over local markets,” said Co-founder and chief executive officer (CEO) Mudassir Sheikha. “As

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PYMNTS

OCTOBER 21, 2019

Some entertainment innovators are also rolling out new subscription services. Subscription companies based in the Asia-Pacific, Europe and North America experienced more than 300 percent growth in subscription sales from 2012 to 2019. And retailers are offering innovative subscriptions for all sorts of products. per month.

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PYMNTS

JUNE 1, 2020

The challenger bank has run on a cloud banking model since its 2012 launch and is available for business and consumer use in 30 European markets, including Austria, Germany and the Netherlands. The third benefit is becoming critical to the evolving banking industry.

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PYMNTS

MAY 3, 2020

The lawsuit by SC Innovations, Sidecar’s successor, has been allowed to go forward by Judge Joseph Spero in San Francisco. The lawsuit claims Sidecar, which was formed in 2012 and was the first company to offer ride-sharing practices, was crowded out of the business by Uber’s reportedly aggressive tactics.

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Bank Innovation

OCTOBER 19, 2018

outpaced growth in noncash payments overall between 2012 and 2015, according to a Federal Reserve Payments Study released this week. billion in 2012 to $8.3 Noncash payments fraud in the U.S. The study’s survey of depository institutions found noncash payments fraud increased 37%, from $6.1 billion, in 2015.

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PYMNTS

DECEMBER 11, 2020

The lawsuits filed this week could break up Facebook’s ownership of Instagram, acquired in 2012, and WhatsApp, snapped up in 2014. Some pundits have expressed concern that holding up mergers and acquisitions could stifle innovation. Sandberg said approved mergers shouldn’t later be revoked. .

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PYMNTS

NOVEMBER 13, 2020

Since its founding in 2012, Ripple has received funding totaling $293.8 Silicon Valley’s Ripple , a blockchain payments startup, has filed a trademark with the U.S. Patent and Trademark Office (USPTO) for PayString, which will likely be a new offering, according to a report in CoinDesk on Friday (Nov.

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PYMNTS

AUGUST 13, 2019

QFPay was founded in China in 2012 and is known for its QR code-based technology. MDI Ventures, Rakuten Capital and VentureSouq also invested in the funding, which is being earmarked for the creation of new digital payment solutions. This new round of funds brings QFPay’s total funding to $36.5

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PYMNTS

SEPTEMBER 9, 2019

And in retail, legal cannabis innovates its way around the payments knot. Data: 2012: The year Peloton was founded. In authentication news, the use of digital identities is becoming more common, as consumers are largely satisfied with their presence. All this, Today in Data. 11.5K: Number of U.K.

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PYMNTS

MARCH 25, 2016

Peter Diamandis, Chairman/CEO of The X-Prize Foundation and Singularity University , made that point very clear during his keynote speech at PYMNTS’ Innovation Project 2016 last week. To be honest, no one really thinks they are going to be Kodak, but it happens.

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PYMNTS

NOVEMBER 28, 2019

The event launched in 2012 and raised around $400 million in the U.S. Crypto-based donations are taking center stage this holiday season with #BitcoinTuesday. The event on Dec. 3 is a take on GivingTuesday, which allows people to make donations to charities.

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CB Insights

JULY 19, 2017

Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Innovation Lab Name: HP Labs.

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PYMNTS

FEBRUARY 20, 2020

Since it was founded in 2012, the company has grown to a team of 140 employees across the U.S. and Europe, with revenues growing from $1 million in 2012 to $84 million in 2016. Right now, we’re taking each of the stores to the best level that they can be and doing a lot of innovation there,” Lucaciu said. “We

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PYMNTS

AUGUST 9, 2017

Innovators in South Korea, France, Israel and the U.K., LISNR , a technology startup based in Cincinnati, Ohio, has been working on sound payments since 2012. It took years of innovation to get it to a capacity and reliability where we’re having commercial customers launch. Even Google took a crack at it.

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PYMNTS

AUGUST 25, 2019

Uber CEO Dara Khosrowshahi noted that “Dallas became the first city in Texas where the Uber app was available in 2012, and since then Texas has been a hub of innovation for our platform. The project will create 3,000 new jobs and more than $75 million in capital investment.

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