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Russian eCommerce Giant, MegaFon, Alibaba Team For New Venture

PYMNTS

“This partnership will enable the AliExpress Russia JV to accelerate the development of the digital consumer economy of Russia and CIS countries in ways that no one party could accomplish alone,” said Daniel Zhang, CEO of Alibaba Group. Group ,” said Gevork Vermishyan, CEO of MegaFon.

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Alibaba Leases Cargo Planes For Direct China-Russia Flights

PYMNTS

“This partnership will enable the AliExpress Russia JV to accelerate the development of the digital consumer economy of Russia and CIS countries in ways that no one party could accomplish alone,” Daniel Zhang, chief executive officer of Alibaba Group, said at the time. .

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Deep Dive: Why QSRs Should Lean On Loyalty To Personalize Mobile, Online Dining

PYMNTS

Consumers’ pivot to online ordering affords a massive opportunity to QSRs that could help them engage with and retain millions of customers, but restaurants must carefully consider how individuals in different regions and of varying ages are using online and mobile ordering options as well as the tools they value. percent of U.S.

Online 142
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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109
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Decision Platform Know-How Makes Winning Customers Personal

FICO

Digital decision platforms have been driving a diverse mix of innovations. Volvo Cars turned to FICO Platform to digitize and accelerate the customer onboarding process for its new vehicle subscription service, Care by Volvo. Hoist Finance is now making a million real-time decisions every day across multiple regions.

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37 Corporate Innovation Labs In Finance

CB Insights

One popular approach: in-house financial innovation labs. We’ve created a list of finance innovation labs from some of the biggest names in the industry, as well as from newcomers looking to make a name through tech. We’ve written about corporate innovation theater before — and how sometimes corporate innovation goes wrong.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. State of Innovation Report. Get exclusive access to our survey of 677 corporate strategy executives.