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Why Digital’s 3.0 Shift May Take Longer Than We Think

PYMNTS

Innovators with better tech will appear and — literally overnight — snatch your customers out of your calcified incumbent arms and build scale, they say. The Fallacy Of ‘Internet Time’ In November of 1998, a book was published that captured the prevailing wisdom of startups operating at the time.

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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In 1997, he founded Worldpay, an online payments processor based in the U.K. that he sold to RBS in 2002. that resulted in the reduction in the number of clearing banks to four, the incredible rise in FinTech innovation in the U.K. FinTech innovators to access infrastructure that was as innovative as their ideas.

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IdentityMind Global Appoints Business-Tech Vet To Board

PYMNTS

. “IdentityMind Global has a unique approach to bringing integrity back to digital marketplaces and the online lending environment through the use of trusted digital identities” Zander said in a company news release. Before that, he served as president and chief operating officer of Sun Microsystems until June 2002.

Boston 100
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FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers

PYMNTS

history, but a part of global economic development stretching back centuries: First comes innovation, then comes growth based on that innovation (not just economic, but cultural and other forms of growth), then comes the regulatory backlash. billion antitrust fine over what the EU called an abuse of the Android operating system.

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When Corporate Innovation Goes Bad — The 116 Biggest Product Failures Of All Time

CB Insights

Product innovation is one way that large corporations stay competitive in a rapidly changing marketplace, but it doesn’t always work out when big brands attempt innovation. Understanding failure is crucial since so many accounts of innovation focus on the successes and so are affected by survivorship bias.

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Wayfair’s Way Forward In A Crowded Field

PYMNTS

The goal of the Wayfair worker is to work on “innovating better together,” becoming “fast fixers and builders” and to help customers to better “envision the spaces where they live their lives.”. Furniture, unlike clothes, food and books, is not considered an ideal product for online sale. It’s large, heavy and expensive to ship.

Boston 101
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Decision Platform Know-How Makes Winning Customers Personal

FICO

A similar number (25%) of well-established banks also expect to be fully reliant on deployment of data warehouses and analytics operations via cloud-hosted decision platforms. Digital decision platforms have been driving a diverse mix of innovations. It’s been around in one form or another for more than 60 years. million (US$9.7