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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.

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Early Days: AI Shows Promise And Limitations For Retailers

PYMNTS

Suppose a regional fashion retailer with an eCommerce presence has 100,000 customers in its data base. Example: There was a recent TED talk in which Boston Consulting Group’s Sylvain Duranton took on the task of mixing human and AI decisioning to free companies from what he called the “algocracy” of AI dominance. Round one: AI wins.

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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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Barclays Supports Circle Social Payments App

PYMNTS

This marks a milestone for this digital currency company, which has rapidly been making a name for itself in the FinTech ecosystem in the region. Circle is a Boston-based startup that has major VC backers, along with big banks like Goldman Sachs and Digital Currency Group as an investment firm backer.

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

PYMNTS

With the help of Robomart , a startup based in California, the grocery chain plans to bring produce, convenience items and meal kits to the customers’ doors through roving autonomous mobile stores in the Boston area. For the latest retail trends, keep tabs on the Retail Pulse. before turning its eye to international markets.

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How to Offset an Evaporating Data Center

Gonzobanker

And core and infrastructure services that have largely been deployed in-house, like email, directory servers and file servers, are trending heavily toward outsourcing. Attracting and keeping technology talent at a regionally based financial institution is a constant struggle. Tech Talent Famine. Maintenance and Speed to Updates.

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The Strange World Of Summer Retail

PYMNTS

The Good … The really good news about summer for retailers is that the temperature is their ally — well, at least for those retailers in the Northeast, assuming that it warms back up again in Boston (from 92 to 62 in 24 hours is a bit much …). In an average year, the trends are on a merchant’s side.

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