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Big Tech Increasingly In Regulators’ Spotlight — And Crosshairs

PYMNTS

In an interview, Jason Rader, national practice director for security at Insight’s Cloud and Data Transformation operation, said the European Union’s General Data Protection Regulation (GDPR) might be a point from which firms can begin preparing for new regulations. Privacy and Competition. On Taxation.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties. The more active your customer base and “friends of the bank” are on social media, the shorter you can expect your deposit duration when sentiment turns negative.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The operative question is: given online and mobile banking, what is the new role of the branch? At an average of $1 million per year to operate, the branch is the most expensive per unit channel in banking, given that a good branch serves 2,000 to 3,000 customers. Branching is expensive – banks need to use the asset wisely.

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Why The Transportation Sharing Economy Isn’t Just For Cars

PYMNTS

If someone wanted to make a two-mile journey in San Antonio, Texas, to see the Final Four at The Alamodome, for example, the trip would be “an exercise in 25 to 35 minutes by car,” Blue Duck Scooters Co-Founder Eric Bell told PYMNTS in an interview. Blue Duck operates on an innovative model: Consumers find the scooters through a mobile app.

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Worried About Digital Fraud Now? Just Wait For The Implants.

PYMNTS

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s already happening, of course, albeit tentatively.

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Fleet Feet: Running Shoe Retailer Sprints With Technology

PYMNTS

Americans are exercising through the pandemic. It focuses on brand-building and messaging that directs customers back to local stores, whether it's to schedule an in-store appointment, find a local training program or running group, or just get a store’s operating hours. Specifically, Americans are running through the pandemic.

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

Insights on Business

Innovation that drives revenue growth and competitive advantage costs money— a lot of money—and moreover, the big reinvention projects have no precedent, so making the business case for them can be a shot in the dark, at best. It involves cutting costs with a purpose, strategically driving innovation and thus competitive capabilities.

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