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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Honkook Kim and his Gentle Monster Brand is a perfect example.

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How Digital Innovators Capitalize On Subscription Businesses

PYMNTS

To serve a wide range of consumers in the digital age, innovators are rolling out subscription offerings ranging from news content to gaming. Some providers are capitalizing on the concept by launching new services that offer access to premium content such as newspapers and magazines in exchange for a monthly fee.

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What 2019 Holds for Bank-Fintech Partnerships

Bank Innovation

Ben Savage, partner at the Los Angeles-based Clocktower Technology Ventures, told Bank Innovation that the flourishing fintech ecosystem holds both risks and opportunities for banks, […]. There are startups that want to destroy banks and startups that want banks to buy their software.

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Event Startup Fever Notches $35M

PYMNTS

Event startup Fever announced it has raised $35 million in a funding round led by Rakuten Capital. Fever’s innovative solutions uniquely position the company to capitalize on the fast-growing experience economy and have proven very valuable to digital marketers. Atresmedia, Accel, and former chairman of U.S.

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BlackLine Gains Nearly 50% in Largest Tech IPO of 2016

Bank Innovation

Los Angeles-based BlackLine priced 8.6 BlackLine Inc. priced its IPO at the high end of the range on Friday, and surged nearly 50% in a delayed opening, squarely placing the accounting and software company in unicorn territory. Could this signal the beginning of something good for tech? million shares at $17 Read More.

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Kalanick Joins City Storage Systems As CEO

PYMNTS

Recode , citing an unnamed source, reported the company used to be called CloudKitchens and was headed by Diego Berdakin, who is an entrepreneur based in Los Angeles and was one of Uber’s early investors. Kalanick will become CEO and will invest $150 million of his own money.

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Walmart Announces Nationwide Virtual Commerce Competition

PYMNTS

Winners will receive capital to fund development costs, as well as strategic advice. In addition, there will be an opportunity to work with Walmart, Jet.com, Thrive Global and other retail partners, and the most innovative experiences will be showcased at an exhibition in Los Angeles on Oct.