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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Today In Data: Holiday Weekend Sales And SMB Lending

PYMNTS

3 billion | Amount that Amazon Lending has lent to SMBs since the program’s launch in 2011, with borrowers primarily from the U.S., 4,500 | Prize to be awarded to one ModCloth social media contest winner for his or her contributions to humanity. 60 percent | Portion of Singapore’s national spend done through payment cards.

Lending 100
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Halloween Spending Forecast To Break Records

PYMNTS

According the National Retail Federation (NRF), Halloween this year will see record-breaking shopping numbers. Retailers are helping customers celebrate in style, with a huge selection of costumes, candy and decorations to cater to ghosts and goblins of all ages.”. percent in 2011. billion, up 8.3 billion, up 8.3

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China’s Recommerce Market Heats Up

PYMNTS

The recommerce trend is sweeping not just the nation, but perhaps the world. Venture capitalists are funding new entrants to the field, and features like authenticity guarantees, postings to social media, the use of data and post-sale services could propel the industry forward, according to a new report from Fung Global Retail & Tech.

Marketing 100
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AGL Boosts Payments 40% with FICO's Personalised Digital Collections

FICO

It first introduced FICO® CCS in 2011 to automate its collections processes, starting with early collections with a goal to create a digital-first journey. Read this case study on how National Australia Bank has automated 75% of customer contacts and has seen a dramatic imprvement in its net promoter score.

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Why Peer-to-Peer models struggle against oligopoly

Lex Sokolin

The core premise at its founding was to recreate the dynamics of the sharing and social media revolutions. And the investors you get, especially if they are retail, are lumpy and finnicky. Instead of selling their mutual funds to retail?—?and The esteemed institutional businesses are in the retail hen house.

Lending 52
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GonzoBanker Awards 2017

Gonzobanker

Monty Python “I’m Not Dead … Yet” Award – Goes to physical retail. Malls, retail stores and even some bank branch closings proliferated in 2017. In some slower growth or declining areas of the Midwest, Mid-Atlantic and New England, retail is getting slammed. GONZOBANKER’S ROCK RIP LIST – 2017.