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Tech Center: Los Angeles On The Brink Of Becoming Tech Power Player

PYMNTS

However, Los Angeles has been coming into its own over the last decade or so. In this week’s Tech Center tracker, Shivani Siroya, CEO of Tala , spoke with PYMNTS on how the Los Angeles area is becoming a center for tech. Los Angeles County had an estimated population of 10 million in 2015.

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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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Innovation-Seeking Big Brands Pop Up In Small Spaces

PYMNTS

Rather than featuring products on shelves throughout its large department stores, Macy’s is planning to open a 1,000-square-foot Los Angeles area space this fall dedicated to brands that would like to display items in a pop-up format. 23 that is scheduled for operation through October. Beauty Pop-Up Shops. Stay tuned.

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Supply Chain Hiccups Sink The RealReal’s Q2

PYMNTS

The drop was tied to closings at its two New York City physical locations and reduced supply for its consignment business model in New York and Los Angeles. The RealReal operates four stores, two in New York and one each in Los Angeles and San Francisco. And Los Angeles is picking up.

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Uber Seeks Investors To Launch Startup For Postmates X Delivery Robot

PYMNTS

Postmates started trialing sidewalk delivery bots in 2017 and launched Serve in December 2018, with a commercial rollout planned in Los Angeles. It’s now commercially operating in both Los Angeles and San Francisco. Uber acquired Postmates to help Uber Eats scale in U.S.

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Lumin Partners With JAXFCU On Digital Banking Integration

PYMNTS

In addition, Lumin's innovations will enable the credit union to add business services to its digital banking offerings. It recently partnered with Interra Credit Union and Los Angeles Federal Credit Union (LAFCU) to offer new enhancements for members.

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Singapore’s TiffinLabs To Launch 1,000 Smart Kitchens For Food Delivery

PYMNTS

TiffinLabs opened in early 2019 and is operating some kitchens in Singapore, including digital-first restaurant brands Publico Pastabar and Hureideu – Korean Fried Chicken. “By enabling over 1,000 kitchens for delivery-focused operations globally, we are making food ordering relevant for the future, at scale. and Europe.