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Digitization Could Halt Corporate Banks’ Shrinking Profits, Analysts Say

PYMNTS

The Boston Consulting Group (BCG) has released a new report that suggests corporate bankers may be able to halt shrinking profits through digital transformation. The trend is even worse among Western European FIs, with shrinking profits prevalent among 57 percent of institutions in this region, reports said.

Boston 109
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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

“AI simply hasn’t been around long enough, nor has it been adopted by enough companies, for us to determine all the ways it will ultimately drive value,” said Michael Scharff, CEO of Evolv Technologies , which provides retailers with AI expertise. I don’t know the trends for next year. Round one: AI wins. Hey, humans!

Retail 203
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Corporate Banks Need Radical Tech Shift, Say Analysts

PYMNTS

And while partnerships, collaboration and internal product development have helped banks to improve their reputations for innovation among their corporate clients, a new report from Boston Consulting Group says it’s not enough. ” Positive Developments, New Opportunities.

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Retail Pulse: Stop & Shop To Deploy Autonomous Vehicles; Chico’s FAS Plans To Close 250 Stores

PYMNTS

Grocers are using autonomous vehicles to help bring fresh food to the doorsteps of consumers, and news came this week that another retailer plans to use the technology: Approximately one month after Kroger announced that it had started to use autonomous vehicles in Arizona, Stop & Shop is intending to use them in the Bay State.

Retail 129
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How to Offset an Evaporating Data Center

Gonzobanker

A decade ago, many financial institutions were bringing as much technology as possible in-house as a way of controlling their destinies and customizing their core platforms and data warehouses. In the cloud” is common technology vendor-speak for ASP, service bureau, outsourcing, pay-per-click, and a variety of other delivery models.

Data 63
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2021 GonzoBanker Awards

Gonzobanker

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. Brandon Dewitt, MX co-founder and chief technology officer. Has to be M-O-E. Bank Merger of the Year. So which merger was the best in 2021? That’s almost impossible to select.

Fintech 147
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The Top 20 Venture Capitalists

CB Insights

We used CB Insights data gathered via our machine learning technology (dubbed The Cruncher ) and from thousands of submissions we received from VC partners and firms via The Editor. Jeff began his post-graduate career as a Management Consultant with The Boston Consulting Group. 2018 VC Report: AI FUNDING LEPT 29% IN US. BILL GURLEY.