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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Meanwhile, their in-store customer base shrinks, as shoppers can now find lower prices and fast delivery with the touch of a few buttons on their smartphone – or even through interactive technology that uses voice recognition. DHL Supply Chain, a unit of Deutsche Post DHL Group, will operate the center.

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IKB Partners With fundingport On Corporate Finance

PYMNTS

"IKB's expertise in the field of public program loans is also very beneficial for the further technological enhancement of our platform," she said, according to the release. Teaming up with Hypoport Group, a highly respected technology player, constitutes a core element of our digitization strategy," he continued, according to the release.

Lending 190
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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. According to the BCG’s “Corporate Banking Executive Survey,” “front-to-back digital transformations” are essential to halt this shrinkage.

Boston 109
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Russian eCommerce Giant, MegaFon, Alibaba Team For New Venture

PYMNTS

The new operation will cater to Russia and the surrounding countries of the Commonwealth of Independent States (CIS). MegaFon is pleased to enter into this partnership with global technology leaders Alibaba Group, [Russian Direct Investment Fund (RDIF)] and Mail.Ru Group ,” said Gevork Vermishyan, CEO of MegaFon.

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Sam’s Club On Bringing The Digital Shift To Warehouse Stores

PYMNTS

This has meant that store operators have had to rapidly implement health and safety rules to minimize transmission risks among workers and customers — especially the most vulnerable. The COVID-19 era has given these technologies the potential to not only reduce frictions in the shopping experience but also to make it much safer.

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Ayala To Launch Fund Focused On FinTech, eCommerce, Healthcare

PYMNTS

Ayala, the Philippines -based conglomerate, is raising money for a new capital fund that will invest in technology companies. The executive was quoted as saying the company will be “bolder and more deliberate” in its venture capital strategy, supporting businesses with disruptive technology.

Fintech 108
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Bankers: You spend like drunken sailors.

Jeff For Banks

And sometimes, we bankers fall into the trap of not considering our operating expenses as strategic investments. One of the ten is "not considering operating expenses as strategic investments". The below table was drawn from a peer group analysis my firm performed for a client. of all operating expenses.