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TaskRabbit Acquisition Is Latest Move In Ikea’s Digital Strategy

PYMNTS

The Ikea deal will add capital to the company, sources told CNBC, though it was not clear how much Ikea paid for the acquisition. Ikea has been looking for ways to boost its digital customer service capabilities, as Amazon and other digital-first rivals are stepping up their game in terms of home goods and installation.

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Helping FI’s Develop Their ‘FinTech Sense’

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Everyone knows that digital and mobile services are key to success in the 2020s — not only in terms of more revenue, but also larger transformations. But that doesn’t mean all the players in payments and financial services have a solid or clear digital strategy. But that’s not the whole story, of course.

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The Three Things Every Digital-Card App Needs

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“To bring it to a fine point, the pandemic has clearly separated institutions into two buckets — the digital haves and the have-nots. The folks that have formalized a digital strategy and have been executing on it were much more able to capitalize on these trends.”. and the digital challenger banks.

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Volante Lands Deal To Modernize Banorte’s Cross-Border Payments Systems

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Banorte will connect “all related systems, including channels” to Volante’s VolPay , which will help the bank orchestrate and process cross-border transactions while also “accelerating the bank’s digital strategy,” Volante said in a press release.

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Revenue-Based Financing Challenges The Bank Loan Status Quo

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by regulatory initiatives (designed to spur competition in small business banking, open up the market to new challenger banks and support marketplace lending platforms), the bank loan is often the first place small business owners look when in search of capital. venture capital investments in U.K. venture capital investments in U.K.

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Ayala To Launch Fund Focused On FinTech, eCommerce, Healthcare

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Ayala, the Philippines -based conglomerate, is raising money for a new capital fund that will invest in technology companies. The executive was quoted as saying the company will be “bolder and more deliberate” in its venture capital strategy, supporting businesses with disruptive technology.

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Macy’s Earnings Preview: Watch The Digital Shift

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Since then the company has axed 3,900 more jobs, mostly in its corporate ranks, and has not been able to capitalize on the Polaris plan. While retailers have spent recent months beefing up their digital strategies in response to COVID-19, filling a larger portion of holiday orders in October would be a new test.

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