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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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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. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers.

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As Virtual And Augmented Reality Rise, Retail Use Cases Come Into Focus

PYMNTS

Don’t look now, but virtual reality and augmented reality are starting to make bigger gains in the retail world. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well. billion via retail and marketing in 2022. Larger Trends.

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Goldman Sachs Forecasts Acceleration In eCommerce Sales

PYMNTS

Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

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Grocery Tracker: $100B By 2025

PYMNTS

Ahold Delhaize (AD) — the food retail group that owns Food Lion, Hannaford and Stop & Shop, among others in the U.S. He replaced Tamara Pattison, said Internet Retailer , who left Albertsons in June 2016. While online sales make up a small fraction of the total market in the U.S., By the afternoon, Costco was up 0.54

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How Regulatory Concerns Are Sparking Digital Innovation

PYMNTS

While that happens, the payments industry is upping its game against counterfeit goods sold online. 534 billion: Projected value of the IoT healthcare market by 2025. As the U.S. federal government tries to stem fraud and other losses in benefit programs, a new mobile app might just provide a way to do that.

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Building Innovative Subscription Services With Discovery, Flexibility

PYMNTS

To provide consumers with the curation of a subscription box or the flexibility of a rental platform, digital innovators are tapping into the subscription business model. From Banana Republic to Black Box Record Club, eTailers and brick-and-mortar retailers are offering consumers the opportunity to subscribe to products and/or services.