Bank Innovation

FEBRUARY 17, 2017

In his recent 2017 budget proposal, Governor Andrew Cuomo outlined a few changes that might be in store for New York State fintechs, particularly online lenders. The Empire State really wants to be in charge of the fintech sandbox—and it wants the OCC out already. These changes include expanding the Read More.

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OCTOBER 20, 2016

Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. “Don’t be left behind.”

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MARCH 27, 2020

As government measures to decelerate the spread of the coronavirus have come into place, many upscale retailers in New York such as Chanel, Celine and Fendi have blocked access to their shops with plywood. Millions of people have been living with countrywide shutdowns for over a week in Europe.

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Bank Innovation

MARCH 2, 2018

Global money transfer service WorldRemit is launching in New York, providing state users the ability to transfer funds to nearly 150 countries, the company announced yesterday. There are 4.5

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New York Company Online Mobile 186

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OCTOBER 6, 2020

. “… Mercari Now allows sellers and buyers to complete a transaction safely from the comforts of their home, skipping the awkward meetups or trips to the post office that other online marketplaces typically require.". The company said the New York offering follows a successful three-month trial program in San Francisco.

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APRIL 22, 2019

Recess, a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City, according to a report by Adweek. We also believe that a retail presence across every channel (online, retail, on-demand, etc.) among others. is where the consumer world is going.

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AUGUST 28, 2017

As the Sinatra tune goes (a bit paraphrased) … New York: If you can make it there in cybersecurity, you can make it anywhere. The financial services industry is girding for the new regulations by the New York State Department of Financial Services (DFS), which take effect as of Aug. 28, which is, of course, today.

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AUGUST 6, 2019

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by Reuters. . He said one of the first things he bought from the store was a cashmere sweater. .

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SEPTEMBER 12, 2018

To highlight its ability to grow into new markets and categories, New York & Co. Along with the name change, New York & Co. The news comes as a recent study says that U.S. By 2022, online retail sales will go beyond $712 billion. is changing its name to RTW Retailwinds. trillion U.S.

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NOVEMBER 23, 2017

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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Bank Innovation

APRIL 7, 2016

The New York Times covered the subject — and the word — in depth yesterday, in a special section called “Fintech’s Power Grab.” Ok, it’s safe to say fintech has hit the big time. ” The lead item, by Andrew Ross Sorkin of CNBC fame, focuses on the fintech challenge to Read More.

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MAY 5, 2020

a global payments provider, now accepts Electronic Benefits Transfer (EBT) payments at grocers, allowing Supplemental Nutrition Assistance Program (SNAP) participants to purchase groceries online for the first time, the Wisconsin-based company announced on Tuesday (May 5). brand, is accepting online EBT payment at select locations.

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DECEMBER 5, 2016

Internet Retailer reported that New York & Co. is making it easier for shoppers in-store to buy online with the roll out of internet-connected kiosks in a number of stores. These kiosks will allow consumers to buy online while in-store, which COO John Worthington said will be introduced during the fourth quarter.

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Bank Innovation

MARCH 2, 2020

New York time, the company posted a statement on the website […]. Robinhood Markets Inc.’s s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide failure began as the U.S. At 11:18 a.m.

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Bank Innovation

JANUARY 19, 2017

Ah, New York: If you can make it here, you can make it anywhere, but to even try, you need a license. After waiting a year, the lender SoFi received the thumbs up to operate in New York, CFO Michael Tannenbaum said recently. Luckily, SoFi and Coinbase just got theirs. Read More.

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New York Operations Bitcoin Lending 150

Bank Innovation

SEPTEMBER 7, 2016

Artificial intelligence is set to challenge traditional technologies in financial services, if the startups that demoed at BBVA Open Talent in New York today are any indication. The BBVA Open Talent Challenge is part of Next Money NYC. Today’s event is one of three regional finals, from which a few Read More.

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MAY 19, 2017

The bad news is, New York & Co.’s s comp store sales and revenue are down as the company shifts strategies and moves more business online. The good news is, eCommerce sales are up and gross margin reached its highest level in the first quarter since 2008, according to CEO Gregory Scott. New York & Co.

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AUGUST 14, 2018

Sleep Number is opening a new brick-and-mortar store in the New York City’s Flatiron District, adding to its portfolio of over 560 locations. At the same time, some online retailers have sought out busy brick-and-mortar locations to help their marketing efforts, as online customer acquisition costs have risen.

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OCTOBER 9, 2019

More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. New York City requested that a Brooklyn federal judge on Wednesday (Oct. 9) stop 22 online sellers from being allowed to either market or offer eCigarettes to anyone younger than 21. .

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SEPTEMBER 1, 2020

online wholesale retailer sometimes called “Costco for millennials,” is seeking a buyer, Reuters reported. Boxed, based in New York, offers sales of fresh groceries, office supplies and more. Boxed , the U.S.

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SEPTEMBER 17, 2020

Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and a great many bettors potentially mired in boredom. How much potential does online gambling have? It’s been said that “gamblers find things to gamble on.” A ‘League’ Of Their Own . billion by 2025.

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Bank Innovation

MARCH 2, 2020

New York time, the company posted a statement on the website […]. Robinhood Markets Inc.’s s brokerage website experienced technical issues Monday with some customers unable to make trades on a day when the market was rebounding from last week’s rout. A system-wide failure began as the U.S. At 11:18 a.m.

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JULY 12, 2018

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. Superintendent Maria T.

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JANUARY 5, 2017

The first New York City location will be in the Time Warner Center. Ironically, part of what is driving Amazon into physical retail is falling rental rates — spurred on by consumers’ mass adoption of online shopping. The shop will be one of a handful of higher-end shopping destinations in the multi-story shopping hot spot.

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MAY 12, 2019

According to a report in The New York Times , Redfin started testing the program in Boston and is gearing up to expand it to other parts of the country. Redfin Chief Executive Glenn Kelman told The New York Times that at the end of March it started accepting online bids from people who aren’t represented by a real estate agent.

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OCTOBER 25, 2016

The New York Times announced on Monday (Oct. 24) that it purchased an online product recommendation consumer guide called The Wirecutter for more than $30 million in an all-cash transaction. The five-year-old site was founded by Brian Lam, tech journalist and former editor at Gizmodo and Wired. “

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OCTOBER 26, 2018

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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NOVEMBER 3, 2020

Sprinkles , a Beverly Hills, California-based confectioner, was as prepared as a QSR could possibly be for the rush to online ordering, payments, pickup and delivery. Sprinkles adopted online ordering nearly a decade ago for custom cakes and catering. One bakery chain had a leg up when the pandemic changed everything. Legh-Page said.

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MAY 4, 2016

Retail’s latest piece of roadkill today is Fairway Supermarkets, an institution for our readers living in New York City, and probably something the rest of our readers have never heard of. The chain has struggled in recent years with expanded online competition and larger mass marketers that have expanded into food.

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OCTOBER 4, 2019

Today in the payments news roundup, Square is rolling out CBD early access program that will allow U.S. Also, New York is taking a closer look at the payroll technology space with the fallout from the scandal and collapse of MyPayrollHR. Does KBA Have A Place In Online SMB Credit Checks? vendors to sell CBD items.

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APRIL 18, 2019

Big news is in the offing for Walmart , Amazon and other chains that offer grocery ordering online – they have gotten a formal “green light” from the USDA to offer that service to recipients of the Supplemental Nutrition Assistance Program (SNAP). Reports indicate other retailers will join the program next month.

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MARCH 4, 2020

Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Online accounts also store order numbers, shipping confirmation numbers and shipment statuses. The company didn’t say when the scanning took place or why the breaches hadn’t been detected sooner.

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AUGUST 17, 2020

Personal, unsecured loans issued through online lenders like Best Egg , LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. But new figures from data-crunching firm dvo1 are pointing to some surprising resilience in marketplace loans, a lending category widely considered to be high-risk.

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NOVEMBER 2, 2018

Lifestyle brand goop , for instance, is opening its first permanent store in the SoHo district of New York City, called goop Lab, after experimenting with a pop-up shop in nearby Long Island, among other locations. As Kreuzberger told Glossy, “there is less resistance to price in New York.”)

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MARCH 9, 2018

While some see it as a fad or a gimmick, Barneys New York has become the latest to take the tech very, very seriously and turn it into a force for good. Nearly half of brick-and-mortar buyers are researching products online before committing to a purchase in-store. Others look for ways to make the bandwagon work for them.

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AUGUST 21, 2018

Amid “Fake News” Accusations, The New York Times Sees Paid Subscriptions Rise. News organizations have struggled for years to convince readers to pay for their content, rather than consume it online for free. But recently, several news organizations reported good news in their efforts to win over subscribers.

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JANUARY 22, 2021

And that opened up an entirely new playing field for online gaming establishments now free to operate in any state that would allow them. But now gaming and sports betting is moving online and regulators are just now trying to figure out how to manage it.”. Or Michigan, which starts online gambling Friday, Jan.

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