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Banks around the country respond to coronavirus

Bank Innovation

The Seattle-based bank said the small business loans are meant to help struggling […]. As the novel coronavirus continues to spread, rattling the economy, banks are reevaluating their business propositions to clients.?

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Tencent To Open Seattle AI Research Lab

PYMNTS

Tencent, whose mobile chat and social commerce app Wechat sees over 889 million active users, has decided to open up shop in Seattle — and by shop, we mean an AI research center run by former Microsoft principal researcher Yu Dong, said The Information. Tencent included. billion in revenue from payments last year.

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Amazon’s Secret Drive-Through Grocery Plan For Seattle

PYMNTS

The march of Prime Fresh and Prime Pantry across the nation are both clear indications that Amazon is interested in getting into one the biggest and most consistent areas of spend among American consumers. Amazon’s ambitions to sell groceries are not exactly a secret. That may be changing. The bulk of trips are expected between 5 p.m.

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Rick Winslow, Kabbage chief experience officer, to speak at Bank Innovation Ignite

Bank Innovation

Rick Winslow, chief experience officer at small business lending company Kabbage, will join Bank Innovation Ignite this March 2-3 in Seattle as panelist for a session entitled “The future of banking customer experience.” The discussion will dive into new products and services that can help improve customers’ digital journeys.

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Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis

PYMNTS

The bank plans to donate $2 million to the COVID-19 Solidarity Response Fund run by the United Nations and the World Health Organization (WHO). Amazon has a large presence in Seattle, and the city is one of the hardest hit by the pandemic. The bank has earmarked $3 million to international groups that provide the same service.

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Fraudsters Request Pre-Payment For Bogus COVID-19 Vaccine

PYMNTS

The National Institute of Health on Monday (March 16) said that it was beginning a clinical trial of a vaccine in Seattle. Scientists around the world are working on a vaccine for the virus, but it won’t be ready for at least a year, maybe longer.

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NAR: High Prices Stifle October Home Sales

PYMNTS

The National Association of Realtors (NAR) said that its Pending Home Sales Index (PHSI) is down for the second consecutive month, dropping 1.1 percent after months of steady gains. . NAR represents over 1.4 million members involved in all aspects of the real estate market. New home sales dropped 3.5 percent compared to August.

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