Gary Cohn Will Become An Adviser To Spring Labs

After leaving the Trump administration in March, former White House Economic Adviser Gary Cohn will serve in an advisory role for Spring Labs. The startup taps into blockchain technology to help banks exchange credit data, CNBC reported. “I have been very interested in blockchain technology for a number of years, and Spring Labs is developing a network that could have profound

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Today In Data: Digital Banking Cybersecurity

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. At the same time, individual credit units may be small, but in aggregate they pack a punch. In addition, Snap’s stock has dropped precipitously since its initial public offering (ICO), and gig workers might drive longer hours or make

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CVS Rolls Out Support For Apple Pay

Months after Apple CEO Tim Cook said CVS would be accepting Apple Pay, the retailer has brought support for the mobile wallet to stores across the country. The retailer had reportedly slowly brought the functionality to its brick-and-mortar stores, and the rollout has now been publicized, MacRumors reported. “Get your essentials in a flash,” Apple said in a marketing email,

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Jenna Lyons’ Second Omnicommerce Act

Jenna Lyons was, in the early 2000s and 2010s, a force in fashion to be reckoned with, best known for taking J.Crew’s trademark ultra-preppy style and spicing it up with her love of mixed textures and prints. She reimagined the store’s style almost entirely — preppy but peppy, conservative with an edge. Ever wonder why there is so much bedazzling done

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Walmart Teams With Eko To Develop Content

To drive customer engagement and bring in shoppers, Walmart has teamed up with video content developer Eko for a joint venture dubbed W*E Interactive Ventures. The two companies will develop content such as cooking shows and toy catalogs, Reuters reported. Walmart reportedly plans to invest $250 million in the venture, a source familiar with the matter told Reuters, but a

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Visa, Olympic Committee Pair On Integrated Payments

Visa has announced that it is partnering with the International Olympic Committee (IOC) and the International Paralympic Committee (IPC) to offer enhanced payment technology for fans of the Olympics and Paralympics. Through its global network of 11 Innovation Centers, Visa will utilize its experience in transit, retail and conversational commerce to be the payment provider of faster and easier payment

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Software Procurement Plays Favorites With B2B Investors

Cybersecurity is likely to remain a favorite among B2B investors into the foreseeable future, so it’s no surprise that the industry landed on the board more than once this week. Also enjoying a busy investment week were the logistics and on-demand coworking space industries, particularly in Asia. However, it was a B2B software procurement platform that raised the most money

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Sievo Calls On Procurement To Broaden Analytics Horizons

They say “you’re biggest competitor is yourself.” In corporate finance, though, it may not pay to look at financial performance in isolated fashion. In procurement, companies tend to measure their performance against historical, internal data. Common trends include how much companies are spending with suppliers, which suppliers they’re using and where they’re doing business, then comparing those metrics to previous

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ANZ CEO Tries To Clean Up Misconduct At The Bank

Australia and New Zealand Banking Group announced Friday (October 12) that it fired more than 200 employees for engaging in misconduct, reported Reuters, citing ANZ Chief Executive Shayne Elliott. According to a report in Reuters, Elliott, in his first public comments after a critical report on the bank from Parliament’s House Economics Committee, said the lender is taking steps to be

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