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A Year Later, So Many Adjustments in the Dress Industry

A Year Later, So Many Adjustments in the Dress Industry Designers are finding ways to stay alive after the economic tailspin caused by the pandemic. But optimism and determination have returned. Credit.Brittainy Newman/The New York Times By Alix Strauss April 21, 2021, 5:00 a.m. ET Before Covid hit, Christine Callahan and Samantha Brody, the founders of Ella & Oak, a company that focuses on bridal fashion for plus-size women, opened their first pop-up showroom on West 29th Street in Manhattan. Word of mouth spread quickly. The boutique shop, which showcased designers offering sizes 12-32, was busy. One-on-one hourly appointments were filled weeks in advance. Partnerships with other stores were being offered. Designers started approaching them rather than the other way around. The business had netted more than $20,000 in revenue in their first month.

Is the Bank of England s CBDC announcement overdue?

News in your inbox Channels Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Is the Bank of England’s CBDC announcement overdue? 5 hours ago Chancellor Rishi Sunak recently announced several significant updates to enhance the UK’s competitive advantage in fintech, one of which pertains to exploration of a retail central bank digital currency (CBDC). A CBDC is a central bank-issued digital money, denominated in the national unit of account, representing a liability of the central bank and would be available for use by households and businesses. The idea is generating significant interest from central

Japan s first app-only bank to run entirely on Google Cloud

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Japan s first app-only bank to run entirely on Google Cloud 7 hours ago 1 Minna Bank, Japan s first app-only bank, is set to open for business in May after acquiring a banking licence from the country s Financial Services Agency. A wholly owned subsidiary of regional banking group Fukuoka Financial, Minna Bank’s services are designed to appeal to the needs of digital natives, providing account opening, deposits and funds transfer over consumer smartphones. The new bank will run on a next generation banking system developed in partnership with Accenture and running on Google Cloud. The core banking system will not only run Minna s retail operations, but will also be made available to third parties who wish to offer discrete embedded finance offerings or run comprehe

Call Center Industry Philippines: Fintech Outsourcing Capital of the World

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Call Center Industry Philippines: Fintech Outsourcing Capital of the World 6 hours ago Fintech is currently one of the major growth areas for call centers in the Philippines. The model of many fintech operators is lean; the focus is on the technology and offering their customers finessed front-end applications that cater to most of their needs. However, wherever there are customers, there is always the possibility they will need support. And this is where contact centers in the Philippines are providing the infrastructure that allows fintech companies to grow.

Roxe expands to India with Fairexpay

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Roxe expands to India with Fairexpay 6 hours ago Source: Roxe Roxe, a next-generation global payment network, today announced that Fairexpay, a leading global aggregator platform for cross-border payments, will become a Roxe payment node to provide remittance services to beneficiaries in India. The Roxe network is designed to save financial institutions significant time and costs by using blockchain technology to provide fast, inexpensive, and highly reliable clearing and cross-border settlement of payments and remittances.

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