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New York Venture Bank Seeks National Bank Charter

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New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. The new FI is looking to provide commercial banking products and services to businesses in New York and other markets in the U.S.

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City National Bank, Extend Team On Virtual Corporate Cards

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City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. With Extend, City National is the first issuer in the U.S. to launch this competitive solution.”.

National 172
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Amazon Gains Ground In Holdout Markets

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Not every product launches smoothly (RIP Fire Phone ), not every new endeavor delivers (Amazon’s flirtations with offering a travel platform ended abruptly) and not every new market immediately yields. Amazon still has mountains to climb, even as the market is softening toward them. Amazon is the biggest winner.”.

Marketing 237
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NY Mag To Open Pop-Up Shop; Amazon Go Plans New York Store

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Magazines have been testing the waters of brick-and-mortar retail by opening temporary stores in major cities, and New York Magazine is no exception. The company is opening a pop-up shop in time for the holidays in the SoHo neighborhood of New York City for the company’s popular product recommendation vertical called The Strategist.

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NY Lawsuit Against FinTech Banking Licenses Can Proceed

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Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

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Paydek Collaborates With Thunes On X-Border Payments

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Paydek’s infrastructure supports an extensive international base of people and businesses as clients, with handling payments to more than 160 nations. It is anticipated that over 80 further nations are forecast to become part of the payment network of Paydek after the tie-up with Thunes.

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Patriot National Hits Regulatory Snag In SBA Platform Plans

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Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

National 139