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By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Factoring in for organic savings growth, market “impact,” and wealth […].

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Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

As online food delivery services proliferate amid the battle for customer loyalty, and as grocery and related stores strive to gain more digital footholds, the online sale of alcohol is growing and becoming a bigger part of all those plans. Online food delivery is in the midst of what might one day be called a golden age.

Online 169
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Sneaker Marketplace Goat Group Nets $100M For Expansion On $1.75B Valuation

PYMNTS

Online sneaker marketplace Goat Group has raised $100 million in a Series E funding round, according to The Wall Street Journal (WSJ), which will go toward expanding its products and apparel categories. Foot Locker last year invested $100 million in Goat Group, with a promise to collaborate on retail online and in stores in the future.

Groups 194
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Will Vroom’s Plan To Bring AI To Auto Sales Mark The Death Of Dealerships?

PYMNTS

“Buy a car entirely online, and have it safely delivered, contact-free.” So goes the pitch at online car-buying platform Vroom , which is turning to artificial intelligence (AI) and machine learning (ML) to further accelerate the transformation of the used car business. Marketing Cars Online.

Louisiana 242
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Boosting The Good Growth And Killing The Weeds

PYMNTS

Data: $365 billion: Estimated size of the global online food delivery market by 2030. $36 billion: Amount of online alcohol sales in 2017. But with good growth comes bad – and in payments and commerce, fraudsters are the weeds , and the advance of AI is what many hope to be the weed killer.

Fraud 108
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Online Food Delivery Is Having A Bright Moment — But Clouds Are Gathering

PYMNTS

India-based online food ordering and delivery platform Swiggy has reportedly spent about $7.3 million to buy Scootsy , another Indian firm that offers online food delivery services. That said, online food delivery is having its moment. China, too, provides evidence that online food delivery remains a hot proposition.

Online 106
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‘Ghost’ Kitchens Take A Bigger Role In Food Delivery

PYMNTS

According to UBS , the online food market will hit $365 billion globally in 2030, up from about $35 billion last year. There could be a scenario where by 2030 most meals currently cooked at home are instead ordered online and delivered from either restaurants or central kitchens,” the report said.