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Why Does The Path To Retail Innovation Go Through So Many Labs?

PYMNTS

Innovation is one of the keys to advancement — and that increasingly means opening tech hubs, incubators and other such operations. But not all innovation labs or tech hubs give rise to seamless tech progression. PYMNTS readers can be forgiven if they view innovation labs (no matter the label) as something that verges on retail fad.

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What Innovators Can Learn From Netflix

PYMNTS

But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. In 2007, Netflix introduced streaming services to further scratch that consumer itch. In the book, he freely admits that his formula might not work for every company.

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Flipkart Raises $1.2B On $24.9B Valuation From Walmart-Led Investors

PYMNTS

We will continue innovating to bring the next 200 million Indian shoppers online.”. million in Arvind Fashions’ new subsidiary, Arvind Youth Brands, to expand its reach in India’s fashion market. million in Arvind Fashions’ new subsidiary, Arvind Youth Brands, to expand its reach in India’s fashion market.

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Domino’s Mobile Order-Ahead 2.0: How Voice, 5G Can Deliver

PYMNTS

Nearly every chain now has an app presence, so it’s easy to forget that the technology was rare just 10 years ago. Domino’s was one of the first chains to innovate the space, developing an online tracker that reported order statuses to customers in real time and offered artificial intelligence (AI)-driven voice ordering.

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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution. Our team is dedicated to continuing 7-Eleven’s legacy of innovation with industry-leading digital solutions. Mike Motz, CEO of Staples U.S.

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Visa Inks Partnerships With More Football Associations

PYMNTS

In a press release, Visa said it will implement its payment technology at the tournament venues and provide exclusive experiences for cardholders. These tournaments allow us distinctive opportunities to showcase Visa’s payment innovation, strengthen partnerships and highlight our evolved offerings to clients and fans.”.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).