Winners of the company’s first-ever AI bias bounty program found Twitter’s image-cropping tool favors young people with thin figures and light, smooth skin. The bounty program could offer a model for other firms to increase transparency and build trust but won’t solve AI bias.
Coinbase goes on an acquisition spree to stay ahead and we expect it will soon close the acquisition of a crypto fund provider.
On today's episode, we discuss Amazon's Q2 performance of its retail business, some takeaways from its Prime offering, and where it stands on its physical stores strategy. We then talk about capitalizing on the subscription box trend, how buy-now-pay-later users are different from credit card users, and if malls really are within striking distance of 2019 traffic levels. Tune in to the discussion with eMarketer director of forecasting at Insider Intelligence Cindy Liu.
The prepaid digital payment system caters to essential transactions like medical payments and food vouchers and can help increase financial inclusion for the country’s unbanked population.
NAB’s Citigroup deal bulks it up further as Afterpay/Square looms: The Australian banking giant’s unsecured loan book will get a big boost from the proposed deal. That and a platform upgrade adds even more heft to NAB in any face-off against Afterpay and Square.
Are neobanks on the verge of hitting consistent profitability? The UK challenger bank Atom has reached its first monthly operating profit. Neobank milestones like this suggest that the challengers are starting to find solutions to the profit problem.
If your friends all jumped into the same neobank, would you? The UK fintech Kroo has raised $24.5M and plans to push for a banking license. Its product suite focuses on transactions among friends—but it’s going to have to differentiate its offerings from Revolut’s to succeed.
A different kind of campaign: Some Amazon sellers are tracking down their unhappy customers and pressuring them to edit or remove their reviews.
Mattel dinged for noninclusive line: The Barbie manufacturer came under fire for creating a Tokyo Olympics collection without any apparent Asian representation.
Victoria’s Secret 2.0: After spinning out of L Brands and making its public trading debut, the company sees positive results from its brand rehabilitation efforts.
Join us as Tate Olinghouse, chief client officer of Acxiom, discusses how the proper and ethical use of data can help brands interact with their customers in a meaningful way, and more, with Geoff Ramsey, co-founder of eMarketer.
Retail loyalty programs—the most prevalent type in consumers’ wallets—help brands develop lasting customer relationships through easy, accessible, and appealing incentives. Co-brand credit cards—issued as partnerships between major brands, banks, and card networks— have long been a key piece of that puzzle.