AI is a megabank money magnet: Bank of America’s 100-plus AI-related patents in 2022 were a plurality of its 608 total, while JPMorgan Chase topped an AI maturity benchmark.
They believe their FIs’ security measures are strong, but would like more controls—including biometric—for risky transactions.
It highlights the benefits and risks of the cloud, but doesn’t provide banks with much-needed guidance or standards.
After touting a recession-proof business model, the BNPL firm slashed 19% of its workforce and will restructure to the tune of $39M.
Creator funds are out, tipping is in: Instagram is expanding a gifting feature that lets users pay Reels creators through an in-app currency in a move echoing TikTok and Twitch.
Netflix’s password sharing crackdown starts off rough: After a set of leaked rules provoked a backlash, Netflix’s plan is kicking off with that feedback in mind.
Ad execs don’t feel so dour about the industry landscape: Despite constant talk of a downturn, most executives are not reducing budgets this year.
“If you’re going to grow a brand, it’s not going to come to loyalty alone. You will have to reach more customers. You will have to have more customers buying more often.” That’s according to Jared Schrieber, co-founder and former CEO of InfoScout (now Numerator), speaking on the “Behind the Numbers: Reimagining Retail” podcast about his new book, “Breakout Brands: Why Some Brands Take Off...and Others Don't.”
Among the major global platforms, Facebook and Instagram will remain firmly at the top in both total revenues and user base, and TikTok will once again be the fastest-growing platform in both areas
Amazon was the most downloaded mobile shopping app in the US in 2022 as its reach continued to grow. Closing in on Amazon was Shein at No. 2, followed by Walmart, Fetch, and Shopify’s Shop app.
Between inflation, low unemployment, and high interest rates, our economic health gives mixed messages. When times get tough, consumers look to brands to provide value, empathy, and sometimes a little levity. Here are five tips for adjusting your marketing message and growing loyalty during stormy weather.
Several indicators suggest consumer spending remains strong: Consumer sentiment hit a 13-month high in February and retail sales appeared to pick up in January.
Instacart has had a busy few months. Besides scrapping its plans to go public, the company has cut its valuation a few times, trimmed its workforce, and explored other cost-cutting measures. That being said, Instacart has also made investments to bolster its business, including new technologies for merchants and expanded retail media offerings.
Olive’s problems aren’t AI’s problems: One of healthcare’s most hyped-up AI startups has come crashing down. But don’t expect healthcare players to slow down their AI investments in 2023.
Medly shuts up shop—and app: Here’s what we think it means for digital pharmacies in 2023.
Diabetes management just got easier: DarioHealth is integrating Dexcom’s diabetes device data into its chronic condition platform.
Exaggerated network maps confound rural broadband initiatives: Thousands of locations are showing up in network maps as having access to broadband but are in reality underserved. Billions of dollars are at stake.