Business
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Ardent Credit Union names Farah Jimenez to its board
Philadelphia-based Ardent Credit Union (ACU) recently announced the appointment of local community leader Farah Jimenez to the Ardent Credit Union Board of Directors. The Board is proud to welcome Ms. Jimenez who currently serves as the President & CEO of the Philadelphia Education Fund. [gap] Ms. Jimenez’s nonprofit career spans nearly 20 years in executive management…
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Tech Talk: Critics take aim at Facebook’s ‘microtargeting’
Facebook’s practice of “mictrotargeting” — in which ad buyers select audiences based on such details as a user’s location, political leanings and interests — is coming under increasing scrutiny from government officials, researchers and advertising executives, who advocate restricting its use. The critics warn microtargeting can be exploited to polarize and manipulate voters. It is…
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Tech Talk: How to stop Google from tracking your location
Even if you disable Location History, the search giant Google still tracks you every time you open Google Maps, get certain automatic weather updates, or search for things in your browser. There’s a way to stop it—but it takes some digging, writes Emily Dreyfuss at wired.com. [uam_ad id=”54865″] “If Google is representing to its users…
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Tech Talk: Drones fill the skies, transform the business world
Ubiquitous as toys for the gadget-minded — and sometimes for purposes like spying and dropping explosives — drones have become indispensable tools in construction and real estate. Their relatively low cost and ease of handling have made work more efficient for architects, landscape designers, surveyors, builders, structural engineers and brokers, writes Nick Madigan at bizjournals.com. [uam_ad…
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Tech Talk: Comcast expands Internet Essentials to low-income veterans
After connecting more than 6 million people with low-cost, high-speed internet, Comcast announced Monday it’s expanding its Internet Essentials program to low-income veterans. There are about 1 million of them living within Comcast’s footprint, the media giant said Monday when it announced the expansion, national statistics and local numbers during its annual back-to-school celebration of the 7-year-old…
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Cryptocurrency funds launching at record pace
Bitcoin is perhaps the most widely known cryptocurrency, but there are many others, and hedge funds are getting in on the game with new investment opportunities. Falling prices for cryptocurrencies, and an uncertain regulatory environment, in 2018 haven’t deterred new crypto investment funds from opening, according to new analysis from Crypto Fund Research. In fact,…
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Tech Talk: Banks and retailers track consumers by the touch of their apps
To fight fraud, a growing number of banks and merchants are tracking visitors’ physical movements as they use websites and apps. Some use the technology only to weed out automated attacks and suspicious transactions, but others are going significantly further, amassing tens of millions of profiles that can identify customers by how they touch, hold…
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Tech Talk: Def Con enters the fray against election cyber threat
Def Con, which began life as a gathering for hacker hobbyists, is playing an important role in bringing together the federal government, the security industry and election officials, as they race to help states shore up their cyber defenses in time for the midterms. Jake Braun, co-founder of the Def Con “village” (room) devoted to…
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Tech Talk: Wayne-based QuantaVerse lands major customer
After quietly putting its AI-powered software to work detecting financial crimes for more than a dozen global banks over the past two years, Wayne-based QuantaVerse announced Tuesday a noteworthy customer — the largest Chilean bank operating in the United States. The three-year agreement with Banco de Credito e Inversiones’s, or Bci’s, base in Miami is a…
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WSFS and Beneficial banks to combine and create largest bank in the Philadelphia region
WSFS Financial Corporation ($7.1 billion in assets) will combine with Philadelphia-based Beneficial Bancorp, Inc. ($5.8 billion in assets) to create the largest and premier locally-headquartered community bank for the greater Delaware Valley. The deal joins two lenders with working-class roots into what their leaders call the first Philly-area bank big enough to challenge the national giants…
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Tech Talk: Medical Guardian markets smart watch for seniors
Center City-based Medical Guardian, makers of medical alert products for older adults, has gone live with a product for the “new senior” — a smart watch called Freedom Guardian. The watch features a two-way communication system for emergency response, reminders for daily tasks like taking pills and local weather forecasts, writes Roberto Torres at technical.ly. [uam_ad id=”54865″]…
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Tech Talk: AI enters the workplace through the back door
While grand, work-changing projects of AI, like self-driving cars and humanoid robots, are not yet commercial products, a more humble version of the technology is making its presence felt in a less glamorous place: the back office. New software is automating mundane office tasks in operations like accounting, billing, payments and customer service, writes Steve Lohr…
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Quarterly results a testament to how Malvern Bancorp ‘goes beyond client expectations’
Malvern Bancorp – parent company of Malvern Bank, National Association – has reported operating results for the third fiscal quarter ended June 30, 2018. Net income amounted to $2.2 million or $0.35 per fully diluted common share, for the quarter ended June 30, 2018, an increase of $0.5 million, or 30.5 percent, as compared with…
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Tech Talk: Amazon Prime Video joins Netflix, Youtube in Comcast’s X1 platform
Amazon Prime Video, which creates original content like the Marvelous Mrs. Maisel and curates others like Mr. Robot, will soon join Netflix and YouTube in the X1 system. That means customers will be able to use the X1 voice remote to pull up content in any of those applications from its main home screen without switching…
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Tech Talk: Apple becomes 1st public U.S. company worth $1 trillion
On Thursday, Apple became worth more than $1 trillion when its shares briefly climbed to $207.05, two days after the company announced the latest in a series of remarkably profitable quarters. Apple’s ascent from the brink of bankruptcy to the world’s most valuable company has been a business tour de force, marked by rapid innovation, a…
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Tech Talk: Comcast recycles 130K pounds of cable from the Philly region
You may surprised to learn that Comcast NBCUniversal has a senior director of environmental health and safety-slash-head of sustainability for its Northeast Division. The position has to do with corporate social responsibility, or CSR — the outward-facing policies within a for-profit that demonstrate some commitment to social good, such as volunteerism, sustainability and philanthropy, writes Julie Zeglen at generocity.org.…
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Tech Talk: TrafficCast Design Challenge winners aim to ease the commute
Many imaginative audio features were proposed at last month’s Future of the Commute: TrafficCast Design Challenge. The goal of the event: to improve the commuter driving experience, which can be about as fun and convenient as a root canal. TrafficCast — a national leader in traffic data and technology that’s based in Wilmington, Del. — created the design…
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Tech Talk: Apple accessories at risk from Trump tariff threat
Apple’s fastest-growing division, which includes Apple Watch, AirPods earphones and HomePod speaker, is at risk of being caught up in US President Donald Trump’s latest proposals to slap a 10 per cent tariff on Chinese imports. Despite the tech group’s iPhones and Mac computers so far being exempt from US tariffs, the devices that make…
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