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How Banks Can Stay More Connected Like Amazon

Gonzobanker

Reorganize around the entire customer buying process by consolidating sales, marketing and service, instead of organizing by departments and product lines. Deploy strategic delivery plans—aligning with strategic or tech plans —that may start with a journey-mapping exercise. Consider fintech partnerships that offer digital delivery.

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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

The tech company’s formidable performance comes as Chinese authorities seek to exercise more control over the nation’s top digital platforms. The European Commission told Amazon of its “preliminary view that it has breached EU antitrust rules by distorting competition in online retail markets,” according to the statement.

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This Week In Payments: MerchantE’s Sandra Blair On Amazon’s Busy Week And The Secret To Salesforce’s Success

PYMNTS

Blair said the launch of Amazon Halo represents a move into a market that Apple has heretofore dominated. She said the Halo offers consumers a slimmer, sleeker alternative to the Apple Watch, but all of the high-tech functionality around health monitoring (heart rate, exercise level, body-fat levels, etc.). The Rise of the SPAC.

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Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

Here is a fun exercise – Ask a bank product team, “How do you grow customers?” Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort. Neither the product staff nor the marketing staff knows what they don’t know.

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Digital transformation: How a three-phase process can fund itself

Insights on Business

Further, most large organizations have data stored in different sites and in different formats, especially businesses that are now collecting data from social media to learn about customer preferences and behaviors. Visit our Banking & Financial Markets or Insurance pages. It’s what really changes the culture of the firm.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Social media is also helping campers discover new places to visit, then share their experiences with others: 30% of millennials said that they picked a camping spot after seeing someone else go there. Few industries will benefit as directly from the rise of millennials’ economic power as the fitness industry.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

As more people have worked, learned, banked, exercised, relaxed, and even sought medical care from home during Covid-19, they have gotten a crash course in just how much can be accomplished at home. Telehealth technology is estimated to be a $43B market, according to CB Insights’ Industry Analyst Consensus.

Industry 101