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Data: Luxury Goods Sales May Drop 35 Pct This Year

PYMNTS

While sales fell 25 percent in the first quarter, the slowdown is expected to accelerate in the second quarter and could lead to an estimated contraction by as much as 35 percent for the year, said the Boston-based investment firm. Bain & Company said it anticipates that a recovery to 2019 levels will not occur until 2022 or 2023.

Data 151
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Is It Time For Apple To Allow Others Access To The iPhone NFC Chip?

PYMNTS

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend. 23-25, 2020.

Apple 227
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SWIFT Warns India Of ‘Unprecedented’ Rise In Corporate Loan Defaults

PYMNTS

Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. India’s banking sector, like others around the globe, is in the midst of a digital overhaul. ” Banks Need to Multitask.

Lending 100
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2021 GonzoBanker Awards

Gonzobanker

Then right back to the impossible in 2022. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Eric has always been a student of innovation, and now at Coastal, this fearless leader has spearheaded a number of high-profile banking-as-a-service partnerships. You tell us.

Fintech 147
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In The Age Of Big Data, Why Are We Still Flying Blind?

PYMNTS

Some analysts project that one in every four of the 1,100 malls that operate today will close by 2022 — just four years from today. The average temperature in Boston in February is 37 degrees Fahrenheit, but on Saturday it was 52 degrees. What Innovation? Simultaneously, U.S. The average height of a female in the U.S.

Big Data 135
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FIS And The MiLB Play Ball For Their Second Year

PYMNTS

Or just to boo the Yankees (Boston-based baseball fans, mostly). The two entities have also recently announced they will be collaborating on merchant, back office and loyalty solutions for the minors through 2022.

Cards 115
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Efficiency now: 8 smart strategy tips

Independent Banker

Source: Bankrate Second-Quarter 2022 Economic Indicator. In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly.

Strategy 135