Remove 2010 Remove Innovation Remove Online Remove Technology
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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 2010, Blockbuster declared bankruptcy, a decade after famously telling Netflix, which then had $5 million in annual sales, to get lost when they suggested that Blockbuster buy them.

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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Necessity is the mother of invention.

Lending 148
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Farfetch IPO Shows Luxury Retailers Ready To Ware Online

PYMNTS

The online marketplace has disrupted any number of verticals, changing the way we shop and spend, and where we grab must-have items — from books to rugs to lamps, and sometimes from across international borders. As the company claims in the F-1: “Farfetch is the leading technology platform for the global luxury fashion industry.

Online 101
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Ten Years Of Payments Innovation And Reinvention

PYMNTS

However, most people assumed that was survivable, and that the new millennia — powered by the emerging, mysterious technology known as “the internet” — was going to be a great place to live. We have the end-to-end guide — and the lessons learned during the ride by the innovators who had a first-row vantage points.

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UK Bank NatWest Introduces Merchant Acquiring Service For SMBs

PYMNTS

NatWest Tyl will help institutions with online credit card payment logistics, both online and in store. RBS sold Worldpay to Advent International and Bain Capital for £2 billion in 2010, in a deal that proved fortuitous for the buyers, as the payments industry has flourished in the past few years.

System 130
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Deep Dive: Credit Unions Respond To The Threat Of Digital-First Challenger Banks

PYMNTS

Monzo and Atom Bank were among the first group of neobanks that emerged in 2010, later followed by other entities including Chime, Moven, N26, Revolut, Simple, Starling and Volt Bank. Thirty-two percent say that it is easier to use their online services. are also emerging as a threat. The playbook shows that 35.9 percent of CU members.

ATM 156
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. The last one, published in Jan 2014, featured 50 innovations (see below).