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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

If your bank struggles to create a clear value proposition and brand differentiation, then we have a case study for you. In 2021, Nubank spent around 4% of revenue, according to their financials, in marketing which is materially below the 7% target for most banks. Brand Differentiation Step 1: Build an Employee-Centric Culture.

Branding 221
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Walmart Canada Eyes Cannabis Industry

PYMNTS

The nation’s legal cannabis market is expected to target around 32 million adults by 2025 and drive about C$10.4 billion in retail market sales, Roth Capital Partners analyst Scott Fortune wrote in a client note. What we do know is it’s going to be a big market worldwide.”.

Industry 129
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VW Will Build Its Own Connected Vehicle Software

PYMNTS

The company plans to spend that money through 2025, according to a report from Reuters. A “new software operating system, to be known as ‘vw.OS’ … will be introduced in VW brand electric cars from 2020 onwards.”. Growing Market. The global automotive operating system and infotainment market is worth more than $15.9

Software 100
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Meet Commerce’s New Global Engine: The ‘Traveling Class’

PYMNTS

Those are the findings of a brand new study from Visa which projects that international travel by households globally will increase dramatically over the next decade. The study combined current travel patterns of Visa-branded cardholders across the globe with industry estimates and forecasts for international travel. Percent Increase.

Meeting 100
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AutoGPT Will Change Your Bank

South State Correspondent

In less than 30 seconds, AutoGPT retrieved a list of the highest-rated restaurants, checked availability, and made the requested reservations at the auto-chosen Capital Grille (below). The application iterated at a speed that few bank marketing and deposit teams could ever compete with. You can name the task and save the agent.

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The 2023 GonzoBanker Awards

Gonzobanker

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

Fintech 194
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Metromile Drives Home $191.5M In Funding

PYMNTS

From self-driving cars already turning over engines in Pennsylvania , to Lyft saying close to no one will own a car by 2025 , to IBM’s driverless shuttle , the question remains who will need car insurance. Canada’s Intact Financial and China Pacific Insurance, New Enterprise Associates, First Round Capital, Mitsui and SV Angel.