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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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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.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The Sad State of Corporate Innovation. See how corporates are failing when it comes to innovation. Download the free 31-page State of Innovation report. While Google excelled in building software, it lagged behind in hardware and product innovation. 32) in August of 2002. Microsoft and Nokia. Date: April 25, 2014.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Digital laggards – Many big-box retailers either failed or were too late to establish an online presence. In 2017 to date, we have seen 21 bankruptcies.

Retail 78
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Finovate Debuts: ICAR Builds a Digital Identify Profile for Client ID Verification

Fintech Labs Insights

Based in Barcelona, Spain, ICAR launched in 2002 as a spin-off of the Computer Vision Center at the University of Barcelona. Over 20 million online ID validations every year. But it is not a simple process; we need innovation to make it happen. We are part of this innovation. ” Company facts. 30 employees.

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Who’ll Be The ‘Netflix’ Of Payments?

PYMNTS

The big daddy of the video rental industry at the time was Blockbuster , and it operated more than 4,500 such outlets. Blockbuster filed for bankruptcy in 2010 with a market cap of $12 million, down from $4 billion just a decade before in 2002 — the year that Netflix IPO’d. So, too, are the cable operators.

Payments 100
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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.