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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

Capital 150
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The Buyers: Omnichannel Customer’s Impact On Retailers

PYMNTS

Even as consumer expectation rises, a mere 25 percent of retailers are confident that they’re meeting the omnichannel demands of the retail industry, according to Boston Retail Partner research. The ability for retailers to capitalize on omnichannel shoppers seems to not quite be in the optimal spot yet.

Retail 137
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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

The company has a digital-first strategy, and reports roughly a third of its business runs through its app. Select VC Investors: Khosla Ventures, Social Capital. Select VC Investors: Cue Ball Capital, Valley Oak Investments. Select VC Investors: Otium Capital. Select VC Investors: Venture Capital. Oh My Cream!

Maine 70
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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then. Additionally, many of these physical retailers have lost the cache they once had as new direct-to-consumer brands with a hyper-focus on specific products have taken off.

Retail 78
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2021 GonzoBanker Awards

Gonzobanker

We know the customer buying and use of financial services is being fundamentally changed by fintech, but our long-term strategies to invest/partner/buy/compete are very much works in progress. This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. The Bank That Gets Fintech.

Fintech 142
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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. Before BCG and McKinsey and Bain, most business people dismissed “strategy” as something for generals and political campaigns.

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18 Corporate Innovation Labs In Healthcare

CB Insights

” Here, a team of over 60 professionals in healthcare, design, IT, and project management work around a business strategy called design thinking. Innovation centers across the globe in Boston, London, California, and Shanghai serve as regional hubs that can connect with local entrepreneurs, scientists, and technologies.