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Citizens Access Targeting ‘Optimizers’ to Grow Deposits Beyond the Bank’s Footprint

Bank Innovation

Citizens Access, the digital-only arm of Rhode Island-based Citizens Financial Group, has grown to about $4 billion in deposits, mostly from new customers outside the bank's traditional footprint, since its launch in July 2018. If you build it, the optimizers will come.

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Russell E. Hogg, Former Mastercard President, Dies At 91

PYMNTS

He was forward-thinking, innovative and worked tirelessly to shape some of the greatest companies in the world,” the Hogg family said in a statement. “A operations. Hogg was also a group executive at Macmillan, where he was responsible for upwards of 50 subsidiary operations in more than 40 countries. Hogg’s passing.

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Kohl’s To Debut New eCommerce Facility, Small-Format Stores

PYMNTS

2017 will be located in Rhode Island, Ohio, New Jersey and California. Kohl’s is also pursuing innovation by changing the interior layouts of approximately 300 stores to “ rightsize ” them, allowing for a better consumer experience and a way to increase profitability.

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House Hearing Signals Fireworks On Big Tech Antitrust Issues

PYMNTS

David Cicilline of Rhode Island, who serves as subcommittee chairman. The second hearing focused on innovation and competitive impact on the tech space, and panelists included executives from Apple , Amazon and Google. In some sectors, the balance of these is more ambiguous.

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

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In Europe, Single Data Market Looms?

PYMNTS

This is a major weakness for data-driven businesses to emerge, grow and innovate today, including in Europe, but huge opportunities lie ahead.”. The suit, filed in Rhode Island, alleges that Citizens Bank violated federal consumer protection laws during the period between 2010 to 2016. CFPB Files Suit Against Citizens Bank.

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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

As Azure’s enterprise use grows, and chips away at Amazon’s market share, it becomes even more essential for the company to invest in innovation and AI to defend against an estimated 7T cyber threats each day. Homomorphic encryption is a scheme where operations can be performed on data without it being decrypted first.

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