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Fintech consortium boosts Sacramento banking innovation

BankInovation

A recently launched fintech consortium in Greater Sacramento is already generating partnerships between local technology providers and financial institutions.

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Bitcoin Daily: CoinFLEX Takes Bets On Libra Launch; Germany’s Finance Minister Speaks Out Against Private Currency

PYMNTS

And the Sacramento Kings has announced the NBA’s first blockchain-powered reward program through a partnership with Blockparty. “We We are committed to continuing to deliver the best fan experience and are excited to bring this transformative technology to life to award our loyal fans through experiences in a secure and transparent way.”.

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Zippin Raises $12M To Accelerate Cashierless Store Launches

PYMNTS

Zippin, a cashierless checkout technology company, has raised $12 million in a Series A funding round, according to a release. The company, which was founded in 2015, uses artificial intelligence (AI), computer vision and sensor technology to provide a 100 percent cashier- and checkout-free experience.

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Uber, Lyft Lose AB5 Appeal In California

PYMNTS

“When violation of statutory workplace protections takes place on a massive scale, as alleged in this case, it causes public harm over and above the private financial interest of any given individual,” the appellate court said in its ruling, according to a Sacramento Bee report.

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Verizon And Samsung Target 2019 For U.S. Release Of 5G Smartphones

PYMNTS

The move would essentially beat Apple to the market with smartphones featuring 5G technology, because reports say that Apple is going to wait until 2020 to release the first iPhones featuring the tech. Instead, many predict the company will switch to Intel modems, although that technology won’t be ready for production until late 2019.

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Uber, Postmates To Meet With CA Judge To Argue Against AB5

PYMNTS

In a court filing, the company reportedly claimed that the legislation would “turn the technological clock backwards by a decade” and leave behind the wealth that on-demand firms made “to protect the old economy from the new.”

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Amazon And Its Real Estate Effect

PYMNTS

Among those initiatives: Cincinnati, Ohio, and Sacramento, California, are changing workforce development programs to develop talent in the technology realm. The WSJ stated Sacramento’s postmortem call was somewhat complimentary. The financial publication illustrated that the efforts made by individual cities varied.