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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

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 350,000-square-foot facility will be located in Westborough, Massachusetts, which is 35 miles west of Boston.

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McDonald’s Will Open 200 Restaurants In Nordic Region

PYMNTS

McDonald’s will open 200 restaurants in the Nordic region over the next 10 years, as well as begin home deliveries this year in an attempt to take on rivals, such as Taco Bell and Yum! McDonald’s currently serves 150 million customers each year in Denmark, Sweden, Norway and Finland from its estimated 430 restaurants in the region.

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Why community banks are partnering with fintech startups

Bank Innovation

Radius Bank, a one-branch Boston-based community bank with $1.2 As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Many are seeing partnerships as the path to growth.

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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

PYMNTS

The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor. He said that a wholesale CBDC, “restricted to a limited group of financial counterparties, would be largely business as usual.”.

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London: still the #1 Global Financial Centre

Chris Skinner

The GFCI rates 88 financial centres and finds the top ten are: London New York Singapore Hong Kong Tokyo San Francisco Chicago Sydney Boston Toronto Updated every six months, the main headlines of this half year are: Brexit and the US election have had a significant impact. Of the 29 GFCI centres in the region, 16 declined and 12 rose.

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Boston banks Berkshire, Brookline to merge in $1.1 billion deal

American Banker

The combination would create a Northeast regional bank with nearly $24 billion of assets. It would rank as the eighth-largest bank in the Boston metropolitan area by deposit market share.

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