Accenture

NOVEMBER 3, 2022

A recent Accenture survey found that embedded finance offerings to small and medium-sized enterprises could increase global bank revenues by as much as US$92 billion by 2025. Embedded finance offers banks a huge opportunity to grow their businesses. I’ve asked my colleague Chris Jaggard to share his insights into this opportunity.

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Survey US Trends Digital Banking 366

PYMNTS

MAY 13, 2019

As technology reshapes the way buyers access goods and services, consumer expectations are moving targets, and merchants that hope to survive can’t afford to fall behind. From Reis & Irvy’s to Vengo , merchants and technology companies are reinventing the world of vending technology through smart devices.

Retail 177

Retail Marketing eBook Cards 177

PYMNTS

FEBRUARY 14, 2019

in data generation by 2025, according to a study reported by CNBC. The study, which was done by the International Data Corporation (IDC) and data storage firm Seagate, found that as China continues to venture into new technologies, like the Internet of Things (IoT), it will outpace average global data generation by 3 percent a year.

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Study Data Tools Examples 134

PYMNTS

NOVEMBER 16, 2020

And in technology, digital identity offerings have become more widespread in recent years to serve as alternatives or as a supplement to old-fashioned authentication methods. 6.2B : Minimum number of digital ID apps expected to be in use by 2025. All this, Today in Data. . 31.9M : Net income that Dillard’s posted for Q3.

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Technology Retail Data Trends 156

PYMNTS

DECEMBER 21, 2020

Apple is advancing its self-driving car project, according to a Reuters report, and will look at debuting a new product by 2024 that could also come with new battery technology. In addition, pandemic-related delays may end up pushing back the company's potential debut to 2025 or later. “If

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Apple Resources Survey Report 332

PYMNTS

JANUARY 10, 2020

The travel and hospitality industries , however, are changing to accommodate more complex payment technologies. 50%: Projected share of millennial spend in the personal luxury market by 2025. All this, Today in Data. Data: $762B: Amount that domestic and international leisure travelers spent in 2018. 59%: Share of U.S.

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Millennials Technology Payments Data 130

PYMNTS

JULY 5, 2020

the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1 the multinational internet technology company headquartered in Beijing. But Google and Temasek appear to be the most interested, and negotiations could conclude in a few weeks, Bloomberg’s anonymous sources said.

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Google Regional Retail Groups 264

Chris Skinner

FEBRUARY 17, 2017

This will change though, and it’s not just things on the internet, but a whole raft of technologies from robotics to artificial intelligence to machine learning, combined with IoT that will make it happen. Research house IHS Markit estimate 78 billion things communicating by 2025. There are various estimates.

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Mobile Technology System Software 259

PYMNTS

SEPTEMBER 26, 2019

Ahead of its investors meeting, Best Buy said it is looking for revenue of $50 billion by fiscal 2025. It also comes as Best Buy is making a push into the healthcare market, particularly with health-monitoring services and digital health technology. billion to $43.6 billion for fiscal 2020, Chain Store Age reported. “In

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Meeting Strategy Retail Technology 101

PYMNTS

MARCH 6, 2020

Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. Real-time payments are imperative for running successful operations in today’s global ecosystem.

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Payments New York Metro New York City 304

PYMNTS

OCTOBER 20, 2020

Information technology services provider Mphasis is teaming with global enterprise services provider R3 to work on blockchain-based payment solutions, a press release says. Corporate payments are also a big driver in that space, with 17 percent of B2B payments expected to be real-time by 2025.

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blockchain Payments Capital Meeting 205

BankInovation

SEPTEMBER 25, 2024

Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while navigating continually evolving technologies. The year has […] The post 11 bank tech execs to watch in 2025 appeared first on Bank Automation News.

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Compliance Fraud Regulation Innovation 72

PYMNTS

JUNE 12, 2019

In B2B news, Visa is launching an end-to-end payments network called Visa B2B Connect , which is built on elements of distributed ledger technology and the open-source Hyperledger Fabric framework. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. All this, Today In Data.

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Security Millennials Data Retail 148

PYMNTS

JULY 22, 2020

The firm also noted that the pandemic is fueling technology adoption aside from software “as warehouse automation through robotics is being pushed both by the need for workers to socially distance as well as the need for increased efficiency over 24 hour work cycles.”.

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United States Retail Maine Online 260

BankInovation

DECEMBER 4, 2023

BNP Paribas aims to develop 1,000 AI use cases by 2025. trillion, Paris-based bank has been using AI for years and already has 700 uses for the technology, including 26 generative AI models in testing, a BNP spokesperson told Bank Automation News. BNP Paribas is in the top 12 banks globally for its […]

Technology 79

Technology 79

PYMNTS

JUNE 14, 2019

In an effort to let shoppers make purchases on Amazon via Ethereum, CLIC Technology, Inc. The technology is powered by off-chain processing of assets that are on-chain, according to a press release from CLIC. trillion by 2025. and B2B platform Opporty are set to roll out a progressive browser extension.

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Technology Payments cryptocurrency Bitcoin 108

PYMNTS

OCTOBER 19, 2020

After all, upgrading payments to digital is one of the few technologies that offer a clear return on investment. “In Add in pressure from patients who complain to CEOs who, in turn, lean on chief financial officers to find a solution and Otto predicts that everything will be different very soon.

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System Payments Study Industry 160

PYMNTS

AUGUST 14, 2020

As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. However, COVID-19 assisted in powering an increase in market value this year, with a recent 30 percent drop in shares following Q2 earnings.

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Regional Online Innovation Marketing 253

PYMNTS

NOVEMBER 28, 2018

InComm , a global prepaid product and payment technology company, has announced a partnership with Welcia , Japan’s leading pharmacy chain, to launch four mobile barcode payment solutions in its stores. InComm will be integrating its point-of-sale payment technology directly with Welcia.

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Payments Mobile Regional Retail 211

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 […]

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Operations Technology 125

PYMNTS

DECEMBER 21, 2020

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. For more on these and other stories, check out the Trackers News & Trends section. Shake Shack On Leveraging AI, ML To Drive Customer Experience.

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Customer Experience Innovation United States Survey 301

PYMNTS

FEBRUARY 2, 2021

Consumers most commonly used QR codes for contactless payments, but they also leveraged the technology to access discounts and information on product packaging, for example. This share of consumers using the technology is also increasing, with the total number of mobile payment users growing by more than 4 percent over the past year.

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Fraud Study Policies United States 215

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

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Payments Compliance Fintech Innovation 219

PYMNTS

MARCH 10, 2020

billion by 2025, with $1.6 Agencies in the United States and European Union are both leveraging biometric tools such as fingerprint and facial scanners in their day-to-day business, with agencies finding that this technology reduces processing time and improves identity management and passenger flow.

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Payments Louisiana Colorado Security 272

PYMNTS

MARCH 12, 2018

By 2025 — less than a decade later — it’s projected to reach $27,238.6 The second trend is closely tied to the first: As technological awareness and product choice expand, AI-based startups have proliferated to deliver to the industry the capabilities it needs to meet the rising expectations of the consumer base.

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Customer Experience Retail Analytics Technology 144

PYMNTS

MARCH 3, 2020

With the growing demand for in-car technology and features, Kia is re-focusing and will target its ACE strategy – Autonomous, Connected and Eco/Electric. Kia anticipates that it will adopt connected car technologies across every vehicle segment by 2025, and is aiming to make every vehicle model a connected car by 2030.

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Michigan Software User Experience Strategy 218

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). It is easy to see why contactless payments are growing in a time of social distancing and touchless safeguards to prevent spreading the virus.

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Tools Los Angeles New Jersey Trends 276

PYMNTS

JULY 12, 2019

35 B: Expected value of the global call center software market by 2025. Data: $775 M: Predicted losses due to account takeovers at call centers by 2020. 71 percent: Share of digital media consumers who planned to cancel their subscriptions within one year after just one month of service.

Customer Experience 190

Customer Experience Data Comparison Innovation 190

PYMNTS

SEPTEMBER 16, 2019

trillion global payments market with free services, banks could lose as much as $280 billion in revenue by 2025, according to an Accenture report and press release circulated on Monday (Sept. As more startups penetrate the $1.5

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Payments Survey Analysis Marketing 150

PYMNTS

JULY 24, 2019

The mandate handed down by Japan’s lawmakers strives to increase the total of digital payments from 20 percent to 40 percent by 2025, Visa said in a press release on Thursday (July 24). . This secures Visa’s position as the exclusive payment technology provider and the only card accepted at the Olympic Games.

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Payments Innovation Cards Technology 185

PYMNTS

DECEMBER 7, 2020

million customers in 2025 and achieving high profitability.”. million in 2025.”. Shine’s model appealed to us because it reinforces our relational promise to offer clients the best of mix of people and digital technology, ” Marie-Christine Ducholet , director of SocGen retail banking in France, said in the announcement.

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Digital Banking Retail Operations Groups 159

PYMNTS

DECEMBER 7, 2020

The trouble is that many decision-makers are unsure of which of these countless innovations are right for their firms’ unique circumstances, facing mounting pressure to find technologies that can go the farthest in easing their payment pains.

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Management Cards Company Innovation 268

PYMNTS

SEPTEMBER 17, 2020

And Apple went live with its big yearly autumn event to unveil its newest technology offerings, with the Apple Watches and Apple One subscription taking center stage. 68%: Projected compound annual growth rate of the subscription commerce industry through 2025. All this, Today in Data. 57%: Share of U.K.

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Apple Data Industry Technology 150

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. Analysis from Expert Market found that some small businesses in the U.K.

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Report Cards Millennials cryptocurrency 140

PYMNTS

OCTOBER 5, 2018

One of the new realities of augmented reality is this: the technology is attracting more investment from China than from sources in North America. According Digi-Capital , which tracks AR investments, China-based funding for augmented reality and computer vision technologies hit $3.9

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Apple Capital Colorado America 197

PYMNTS

DECEMBER 1, 2020

The bank is working to launch its Virgin Money Business program next year, with the target being 100,000 small to medium-sized business (SMB) customers by the end of 2025 and 20,000 by the end of 2022, the report says. The fund, which is worth £425 million, will be used to help SMB lenders.

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Regional Groups Report Innovation 205

American Banker

JANUARY 1, 2025

Fast-growing innovation is sparking bullish sentiment following a boom-and-bust cycle of the past four years.

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Fintech Innovation Payments Technology 96