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Amex Cleared To Operate In China

PYMNTS

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. Barriers to American companies operating in China are so high that Chinese institutions dominate in many areas, especially finance.

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PBOC Approves Amex Application To Operate In China

PYMNTS

The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. Barriers to American companies operating in China are so high that Chinese institutions dominate in many areas, especially finance.

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Credit Karma’s Revenue is Skyrocketing Thanks to Its Free Products

Bank Innovation

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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HSBC To Staff: Stay Off Bank’s Social Media Accounts

PYMNTS

Among the scams highlighted included HSBC in Hong Kong, which allegedly allowed a $15 million Ponzi scheme to move its money even after the business was barred from operating in three states. HSBC is a much safer institution than it was in 2012.”. Between 1999 and 2017, FinCEN flagged more than $2 trillion in suspicious transactions.

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5 Things a Data Scientist Can Do to Stay Current

With the number of available data science roles increasing by a staggering 650% since 2012, organizations are clearly looking for professionals who have the right combination of computer science, modeling, mathematics, and business skills. Fostering collaboration between DevOps and machine learning operations (MLOps) teams.

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Amazon Opens Three More Brazilian Logistics Hubs

PYMNTS

The new centers are operating in Minas Gerais, Rio Grande do Sul and Brasilia, the country’s capital, and increase the number of Amazon logistics hubs in Brazil to eight. .

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FDIC settles Operation Choke Point lawsuit

CFPB Monitor

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C.

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