PYMNTS

SEPTEMBER 26, 2019

Ahead of its investors meeting, Best Buy said it is looking for revenue of $50 billion by fiscal 2025. We also believe the initiatives we will outline today, along with a continued focus on cost reductions, will result in operating income rate expansion over the five-year timeframe.”. billion to $43.6

Meeting 101

Meeting Strategy Retail Technology 101

BankInovation

JULY 18, 2024

KeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations. “The reason we’ve been able to invest is we took $400 million of expenses out last year just for the purpose of being able to invest in people and technology and the […]

Operations 125

Operations Technology 125

PYMNTS

OCTOBER 28, 2020

In the November edition of The FI’s Guide To Modernizing Digital Payments , PYMNTS explores the latest in the world of payments modernization, including new investments in payments automation, FIs’ perennial competitive struggles with FinTechs and how cloud technology can level the payments playing field. billion by 2025, up from $74.4

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

DECEMBER 21, 2020

New developments from fast-casual behemoth Chipotle Mexican Grill illustrate the increasingly digital nature of QSRs’ operations. The recent digital ordering surge is anticipated to continue well after the pandemic ends, with another study finding that digital will represent a majority of QSRs’ sales by 2025.

Customer Experience 301

Customer Experience Innovation United States Survey 301

PYMNTS

OCTOBER 19, 2020

Such incentives are another big reason why more and more practices, medical groups and hospitals are making the move to digitally upgrade their operations. After all, upgrading payments to digital is one of the few technologies that offer a clear return on investment. “In

System 160

System Payments Study Industry 160

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Fuels are formulated with dual detergent technology called Dynaflex. percent by 2025. Shell employs 8,500 people in India and retails fuel in six states. .

Cards 159

Cards Fraud Operations Management 159

PYMNTS

DECEMBER 7, 2020

Societe Generale (SocGen) and Credit du Nord , both based in Paris, have approved a plan to merge their retail banking operations, the banks said in a Monday (Dec. In addition, SocGen said, the plan is to beef up Boursorama, a retail digital banking operation catering to individuals. million in 2025.”. 7) press release.

Digital Banking 159

Digital Banking Retail Operations Groups 159

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. What does that mean, then?

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

JANUARY 26, 2021

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic.

Tools 276

Tools Los Angeles New Jersey Trends 276

PYMNTS

JANUARY 21, 2020

These are still early days but trends are coming together — and expectations are rising, thanks not only the evolution of AR and VR technology, but the coming deployments of 5G mobile network ecosystems. The spread of VR and AR technology is not confined to physical retailers, either — eCommerce giants are getting into the game as well.

Retail 210

Retail Trends Washington Technology 210

PYMNTS

FEBRUARY 26, 2020

Successful companies know they must be agile and flexible to meet customers’ ever-changing demands, forge valuable long-term supplier relationships and operate smoothly. Bringing AP automation to ERP offerings enhances working capital management, reduces operational costs and improves productivity. billion by 2025.

Software 209

Software Fraud Resources Tools 209

Abrigo

NOVEMBER 14, 2024

By being proactive, banks can safeguard themselves from regulatory penalties and ensure their operations align with evolving compliance standards. Provide for program continuity despite operations, management, employee composition, or structure changes. Provide timely updates in response to changes in regulations.

Compliance 221

Compliance How To Training Software 221

Abrigo

SEPTEMBER 21, 2017

By getting on board with the upcoming technological changes, firms can use these competitive advantages to grow their firms and deepen client relationships. Among these is advantages are using technology to automate less lucrative compliance services , in order to spend more time providing more lucrative advisory services.

Trends 150

Trends Analysis Industry Compliance 150

Jack Henry

JULY 9, 2024

Improve your banking operations strategy with core modernization. Discover how your financial institution can compete more effectively in 2024 and 2025.

Strategy 109

Strategy Operations Technology 109

Abrigo

NOVEMBER 22, 2024

With FRAML, institutions can reduce duplicated technology and staffing needs, creating operational efficiencies that lower costs. Technology integration complexity: Integrating existing fraud and AML systems isn’t always straightforward. Robust training programs will be crucial to maintaining expertise.

Fraud 195

Fraud Training Risk Management Compliance 195

PYMNTS

APRIL 14, 2020

“Some industry analysts have predicted that robotics in retail will be involved in more than three-quarters of logistics operations, with McKinsey estimating that autonomous vehicles will make up 80 percent of deliveries by 2025.”. It is also rising on the sales floor.

San Francisco 278

San Francisco Retail Examples Mobile 278

PYMNTS

FEBRUARY 17, 2020

IoT technology has rapidly expanded beyond in-home devices into cities worldwide. Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years.

Security 252

Security Data United States Florida 252

PYMNTS

MAY 26, 2017

Small businesses that ignore next-generation payments technologies like invisible payments or cryptocurrencies are losing out big time, but new research suggests that tens of thousands of dollars are lost by SMEs because they aren’t even accepting cards. are losing nearly $30,000 every month because they operate as a cash-only establishment.

Report 140

Report Cards Millennials cryptocurrency 140

PYMNTS

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. billion by 2025, with banks of all sizes leveraging such capabilities. This issue is present in almost every industry, as the $70.3

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

SEPTEMBER 22, 2020

Friendly fraud has also been on the rise because many customers now need only to tap their mobile apps to dispute charges, and fighting chargebacks by proving payments are valid can be cumbersome and costly for restaurant operators. Such chargebacks are predicted to total approximately $40 billion before 2025.

Fraud 255

Fraud Mobile Tools Study 255

PYMNTS

JANUARY 20, 2021

Bolt’s technology-centered approach offers riders on its platform a more hygienic alternative to mass transit. The company works with independent operators and gives drivers the opportunity to launch their own micromobility businesses. . “We

Miami 188

Miami Community Mobile Technology 188

PYMNTS

DECEMBER 21, 2018

As it stands, Grab , which launched in 2012, has operations in areas like Thailand, Vietnam and Malaysia. A Temasek and Google joint report found that that the region’s internet economy could be worth $240 billion when 2025 rolls around. According to the report, Grab is “keen to continue its expansion across southeast Asia.”

Capital 184

Capital Maine Google Report 184

PYMNTS

JANUARY 12, 2021

The selection of the cities had a lot to do with putting the vehicles near our customers so that they would all have the opportunity to experience the technology firsthand because we expect our OEM customers to continue to be an important part of our business going forward, even as we supply a complete self-driving system.”.

Detroit 150

Detroit New York City New York Apple 150

PYMNTS

NOVEMBER 15, 2019

Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.

Puerto Rico 152

Puerto Rico Payments Colorado Florida 152

Cisco

APRIL 26, 2022

The convergence of mobile, cloud, and IoT technologies continues to create new opportunities for institutions to deliver personalized and contextual financial services. Those ecosystems could add up to a $60 trillion integrated network economy by 2025, according to McKinsey. trillion by 2025, growing at a CAGR of 16.9%.

Big Data 163

Big Data Data Analytics Examples 163

PYMNTS

FEBRUARY 5, 2018

The report noted that if competitors are able to make inroads before the Mercedes efforts hit streets, it may not matter how much more technologically advanced it is. Consulting firm Frost & Sullivan estimates that autonomous cars could be a market worth as much as $83 billion by 2025, which means the clock is ticking.

Report 167

Report Technology Operations Management 167

BankInovation

FEBRUARY 22, 2022

HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels.

Operations 95

Operations Groups Technology Digital Banking 95

PYMNTS

MAY 11, 2020

The pandemic has prompted Stockholm-based telecommunications technology firm Ericsson to up its forecast for worldwide 5G subscriptions to 2.8 billion by 2025, the company said in a live webinar on Monday (May 11). The company had originally forecast 2.6

America 150

America Technology Mobile US 150

South State Correspondent

MARCH 14, 2024

In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground. If you are a typical banker and you agree with the above, then your conclusion will likely be that 2025 should be spent focusing on your core business.

Innovation 195

Innovation Strategy Capital Comparison 195

Perficient

OCTOBER 15, 2024

Companies like American Express have adopted Alation’s tools to streamline their data governance operations. According to S&P Global, nearly 60% of global banks will be embedding climate risk into their core business models by 2025[4].

Tools 221

Tools Data Compliance Regulation 221

PYMNTS

NOVEMBER 8, 2016

So while online retail accounts for about 5 percent of Southeast Asian commerce today, the region’s internet economy is poised to grow tremendously by 2025, with a projected annual worth of over $200 billion. But Amazon isn’t waiting until 2025, or even 2020. Its small size makes establishing an operation simple.

Regional 148

Regional New York City National Google 148

PYMNTS

JUNE 19, 2020

s 5G network, putting the country’s long-term competitiveness at risk,” Arun Bansal, head of the wireless equipment supplier’s European and Latin American operations told the news service. billion by 2025 from 2.6 “Decisive action is needed, uncertainty is not good for business and it could delay the roll-out of the U.K.’s

Policies 144

Policies Operations Report Meeting 144

PYMNTS

JULY 7, 2020

and European automobile “sales” by 2025. Our customers love driving, and a subscription gives members [the] chance to experience living with different vehicles – whether their priority is lower-emissions, advanced safety technologies, versatility or design, Jaguar and Land Rover vehicles have plenty to offer.”

Management 191

Management Branding Innovation Retail 191

PYMNTS

AUGUST 7, 2020

by 2025 and to experience an 11.5 Another technique targeting popular gaming apps is device flashing, which occurs when cybercriminals change device identifiers to avoid making others suspicious of multiple accounts operating on the same system. million members using the service on April 4. billion in the U.S.

Online 222

Online System Fraud Video 222

PYMNTS

FEBRUARY 4, 2020

With a pilot that could usher in a new era of technology as stores and restaurants grapple with hiring in an aging country, the first robotic bartender in Japan has started to serve drinks in a Tokyo bar. The robot offers beverages in an establishment operated by the Yoronotaki restaurant firm, Reuters reported.

Retail 131

Retail Operations Software Branding 131

PYMNTS

JANUARY 1, 2020

As of today, 80 percent of the population carries a mobile device and by 2025, two-thirds will have a smartphone. We don’t need to build new technology to do that. The technology is already here. The right question to be asking Africa today, he noted, isn’t whether or not mobile is going to ignite or how it will.

Payments 284

Payments Mobile Regional How To 284

PYMNTS

AUGUST 21, 2019

That series will focus on global technology trends across financial services and how FinTechs and banks can work together across those efforts. It is indeed imperative that banks capitalize on these technological advances and the associated business models. Among the reported partners are Go Jek, DANA and OVO.

Fintech 174

Fintech Guidelines Policies Regulation 174