Bank Innovation

NOVEMBER 17, 2017

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

San Jose 199

San Jose Payments Company Operations 199

PYMNTS

FEBRUARY 3, 2020

The People’s Bank of China is ready to inject $173 billion into the country to stabilize the economic damage brought on by the coronavirus, the largest single liquidity injection since 2004. 31, data compiled by Innovate Finance show 2019 proved to be a banner year for London’s FinTech scene.

National 141

National System Cards Payments 141

CB Insights

JULY 19, 2017

Corporate innovation is critical for established companies looking to stay relevant in the face of disruption from up-and-coming startups. With industries being unbundled left and right ( supermarkets , banking , cars — just to name a few) more companies are opening up in-house innovation labs every day. Retail/Consumer Goods.

Innovation 74

Innovation San Francisco Technology Georgia 74

PYMNTS

MAY 19, 2017

The experts at Triad Retail Media are there to make sure that happens. Triad customizes and manages digital media programs to transform busy websites like Walmart.com into publishing properties that benefit the advertising brands, host retailers, and shoppers who use them with a perfectly calibrated pitch.

Data 121

Data Retail Branding Online 121

PYMNTS

SEPTEMBER 5, 2019

However, in another sense, it is surprising that Amazon is pushing innovation in the biometrics payments arena at all, given its high historical correlations to failure. Amazon is not the first player that has made this attempt in the world of retail. The first, more minor issue, was consumer habit.

Payments 191

Payments Cards System Chicago 191

PYMNTS

AUGUST 7, 2019

Toyota has been at work on service robots since 2004, with “a number” of models in development, per the report. Toyota is looking to transform itself as well as adapt to innovations that are disrupting the auto space. However, Reuters noted that the “HSR is the one it sees as closest to being ready for commercial applications.”

Report 116

Report Innovation Software Groups 116

PYMNTS

AUGUST 6, 2020

The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. Until recently, retailers had to deal with an incredibly complicated legacy payments network system that was hard to break into. “It

Capital 214

Capital Payments Mobile Trends 214

PYMNTS

NOVEMBER 8, 2016

Although it is credited with being one of the first companies to offer wedding and bridal party dresses online, J.Crew’s e-store is ending its love affair with the bridal business, which was among the first of its kind when it launched back in 2004. How did J.Crew go from innovating the space to pulling the plug? So what happened?

New York 159

New York New York City Retail Online 159

PYMNTS

FEBRUARY 13, 2017

have a retail crisis — or a small business crisis? Which is why “fixing” retail must include giving SMB merchants the tools they need to compete in the very dynamic environment that now defines Retail U.S.A. So, what does this all have to do with retail? Here’s a question: Does the U.S. Here’s an answer. We have both.

Retail 134

Retail Innovation Maine Online 134

CB Insights

DECEMBER 19, 2017

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

Retail 78

Retail Branding Company Capital 78

PYMNTS

FEBRUARY 23, 2018

Smartphone sales worldwide fell in the fourth quarter of 2017 compared to the same period in 2016, marking the first decline Gartner has seen since the firm started tracking sales in 2004. A little more than 400 million smartphones were sold to consumers in the last three months of 2017, which marks a 5.6

Apple 118

Apple Samsung Analysis Survey 118

PYMNTS

AUGUST 25, 2016

Innovation in payments is easier said than done. It’s one thing to come up with a new solution or idea, but putting innovation into practice requires striking a balance that is not always easy to achieve. PYMNTS: How would you define your company’s approach to innovation? PYMNTS: What is the most innovative thing you’ve done?

Innovation 100

Innovation System Industry Payments 100

PYMNTS

FEBRUARY 18, 2020

Our strategy to drive continued cereal growth is centered on launching compelling innovation that offers taste, convenience and health benefits, while investing in brand-building,” CEO Jeff Harmening said at the Consumer Analyst Group of New York (CAGNY) investor conference on Tuesday (Feb. The new cereal is more nut-based and probiotic.

Trends 160

Trends Branding Strategy New York 160

PYMNTS

JULY 6, 2016

“This new phase in Hostess’ evolution and partnership with the Gores Group and our broader investor partners will continue to propel Hostess into a growing and innovative company with significant reach and potential long into the future,” Metropoulos said in a statement announcing the deal.

Los Angeles 100

Los Angeles Groups Company Innovation 100

PYMNTS

JANUARY 30, 2019

Mall developer James Rouse was known for many innovations, but his best known might have arguably been the food court. Rouse’s communications director, Robert Rubenkonig, said in a 2004 Shopping Centers Today story that the developer sought to create “community picnics” with the concept.

New York City 115

New York City Los Angeles New York New Jersey 115

PYMNTS

APRIL 20, 2016

The company’s name is a word that consumers use a lot, and it’s one that is spoken in frequently running television ads for the electronic retail site. Lab126 was created by Amazon in 2004 for the purpose of creating the Kindle eReader. All interested innovators (and what innovator isn’t interested in Alexa?)

Innovation 100

Innovation Online Retail Community 100

PYMNTS

SEPTEMBER 22, 2017

B2B: The trillion dollar industry that gets overshadowed in innovation by consumer gee-wizardry tech, B2B is gaining more attention by the day. Across the pond, estimates Innovate Finance and Pitchbook, the B2B FinTech market has gotten nearly half of all FinTech funding in the European Union through the past year. Just sayin’.

US 108

US Apple Innovation Regulation 108

Gonzobanker

NOVEMBER 17, 2016

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. Some of the best discussions from Money 20/20 centered around three key megatrends: Megatrend #1 – Retailers Want the Smart POS. Keep your eyes on this innovator.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Jeff For Banks

JUNE 2, 2023

percent in 2004, a decline of 1.1 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. First municipalities and larger commercial customers, and more sophisticated retail depositors. High-tech employment fell from 12.1 percent of all jobs in 2001 to 11.3

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

OCTOBER 24, 2017

But while the cost of making games has swollen, the cost of video games to consumers hasn’t: A shopper looking to buy the latest release in 2017 will pay almost exactly what he or she did in 2004 — that is, $60.

Video 102

Video Industry Comparison Online 102

Insights on Business

AUGUST 15, 2018

IBM RegTech Innovations. This includes the corporate banking division of a global financial institution in Europe, a regional bank in the US focused on retail customers, and the correspondent banking business of a large Chinese bank. Has anything really changed? Well, technology has.

Compliance 70

Compliance Analytics System Regional 70

NCR

DECEMBER 8, 2016

When the switch was made in 2006, just over half (55 percent) of retail spending was done on card. The move to online retail, at the expense of the high street, has undoubtedly fuelled card payment growth. million a year between 2004 and 2014. By the end of 2015, the figure had risen to more than three-quarters (78.5

Fraud 40

Fraud Cards Payments Industry 40

PYMNTS

MARCH 14, 2016

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” Except, of course, it didn’t – and it is now in the crowded graveyard of payments innovations that sounded too good to be true.

Bitcoin 100

Bitcoin blockchain Video Apple 100

PYMNTS

JANUARY 19, 2019

And classic films aren’t the only place where a flop can presage a hit: In fact, many of today’s favorite consumer innovations come care of a failed first iteration that was widely derided before it was praised. For example…. The Tablet. The Miss . Microsoft’s Tablet PC.

Video 152

Video Los Angeles System United States 152

NCR

APRIL 12, 2016

When the switch was made in 2006, just over half (55 percent) of retail spending was done on card. The move to online retail, at the expense of the high street, has undoubtedly fuelled card payment growth. million a year between 2004 and 2014. By the end of 2015, the figure had risen to more than three-quarters (78.5

Fraud 40

Fraud Cards Payments Industry 40

PYMNTS

SEPTEMBER 6, 2016

Online retailers will be where we shop. I believe that this inflection point will accelerate the four big shifts that have been taking place right before our very eyes over the last decade — shifts that will now set the course for how every single player in payments and commerce and retail should be planning their 2017 and beyond.

Payments 100

Payments Online Mobile Retail 100

CB Insights

OCTOBER 16, 2018

2013: Decentralize decision-making to generate innovation. 2011: Self-service platforms unlock innovation. 2004: Free cash flow enables more innovation. 2013: Decentralize decision-making to generate innovation. 2011: Self-service platforms unlock innovation. 2004: Free cash flow enables more innovation.

Customer Experience 78

Customer Experience Innovation Company Technology 78

CB Insights

NOVEMBER 1, 2018

Shopify’s founders launched the platform in 2004 as an online storefront for selling snowboarding gear, which was at the time known as Snowdevil. The team decided to rebrand not as a store in and of itself, but as a way for other online retailers to sell their wares via the web.

Video 76

Video social media Online Company 76

Fintech Labs Insights

MARCH 1, 2017

The card issuer announced a deal with fashion jewelry maker, DCK Group and another with technology innovator, Tappy Technologies, that will bring contactless payment functionality to the watches and other accessories sold at U.K.’s ’s fashionable retailers such as Dorothy Perkins and Miss Selfridge. customers in 2011.

Payments 12

Payments New York Technology Conference 12

CB Insights

SEPTEMBER 10, 2019

This openness to banking alternatives presents opportunities for fintech startups looking to innovate in financial services from the outside. But incumbent banks are also at the forefront of the most promising innovations in personal finance today, such as virtual credit cards. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

Fintech Labs Insights

APRIL 12, 2024

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

CB Insights

JUNE 6, 2019

The marketplace blended crowdsourcing and social media to create hype around new inventions; help inventors find partners, funding, and manufacturing resources; and sell their gadgets to major nationwide retailers such as Home Depot and Target. Nasty Gal: Applying the hyper-growth model to physical retail is hard. Total Funding: $60M.

Apple 78

Apple Branding Google Company 78

PYMNTS

AUGUST 6, 2018

Grubhub founders Matt Maloney and Mike Evans wanted to solve a simple problem in 2004: make it easy for consumers to order food from local restaurants and have it delivered. And particularly the group of players who all seem aligned around the Grubhub brand to drive innovation in the space – traditional players like Yum!

Online 125

Online Branding Mobile Millennials 125

CB Insights

FEBRUARY 28, 2019

Be fearful when others are greedy and greedy only when others are fearful.” ( 2004 ). In the aftermath of the crisis, retail and institutional investors offloaded massive numbers of stocks in businesses weak and strong. For investors as a whole, returns decrease as motion increases.” ( 2005 ). “Be

Omaha 78

Omaha Company Capital Management 78

CB Insights

OCTOBER 29, 2018

The Sad State of Corporate Innovation. See how corporates are failing when it comes to innovation. Download the free 31-page State of Innovation report. While Google excelled in building software, it lagged behind in hardware and product innovation. Microsoft and Nokia. Date: April 25, 2014. Price: $7.9B. Price: $11B.

Google 76

Google Software Company Innovation 76

PYMNTS

JANUARY 7, 2019

This is the year that everyone takes a critical look at the innovations they’ve pursued over the last decade to decide what’s worth taking forward into the decade of the ‘20s and what’s best left behind in the decade whose door will close 358 days from today. That makes it the most important year of the last decade. Consider this.

Mobile 205

Mobile Innovation Apple Study 205

CB Insights

MAY 1, 2018

Product innovation is one way that large corporations stay competitive in a rapidly changing marketplace, but it doesn’t always work out when big brands attempt innovation. Understanding failure is crucial since so many accounts of innovation focus on the successes and so are affected by survivorship bias.

Innovation 78

Innovation Google Apple Video 78