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How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

As technology reshapes the way buyers access goods and services, consumer expectations are moving targets, and merchants that hope to survive can’t afford to fall behind. From Reis & Irvy’s to Vengo , merchants and technology companies are reinventing the world of vending technology through smart devices.

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Best Buy Aims For $50B Revenue By Fiscal 2025

PYMNTS

Ahead of its investors meeting, Best Buy said it is looking for revenue of $50 billion by fiscal 2025. We also believe the initiatives we will outline today, along with a continued focus on cost reductions, will result in operating income rate expansion over the five-year timeframe.”. billion to $43.6

Meeting 101
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Citizens commits to cloud migration

BankInovation

Citizens Bank reiterated its commitment to migrating all operations to the cloud by 2025 to create a modern banking platform during today’s third-quarter earnings presentation. “On the technology front, we have a very extensive agenda with a multi-year next-gen tech cloud migration targeting the exit of all of our data centers by 2025,” Chief […] (..)

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Cedar CEO: Paper Forms And ‘Clunky’ Medical Bills Won’t Exist In 2025

PYMNTS

Such incentives are another big reason why more and more practices, medical groups and hospitals are making the move to digitally upgrade their operations. After all, upgrading payments to digital is one of the few technologies that offer a clear return on investment. “In

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Transactions: Citizens Bank adds AWS plug-in

BankInovation

Citizens Bank added a new Amazon Web Services plug-in to its tech stack in October, according to BuiltWith, which offers an intelligence tool that tracks technology adoption and use. Citizens is on track to migrate all its operations to the cloud and away from data centers by 2025, the $222 billion bank said during its […]

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HSBC tech spend climbs to $6B in 2021

BankInovation

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels.

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Solve This Problem with Your Strategic Horizon

South State Correspondent

In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground. If you are a typical banker and you agree with the above, then your conclusion will likely be that 2025 should be spent focusing on your core business.