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Company Insights
Macy’s Inc – Digital Transformation Strategies
Macy’s Digital Transformation Strategies Overview Macy's Inc. (Macy's) has been focusing on using big data, cloud, and Internet of Things (IoT) to digitally transform its operations. The annual ICT spending of Macy’s was estimated at $624.3 million for 2023. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Macy’s is an omnichannel retail company that operates department stores. The company offers apparel for men, women, and kids, home furnishing, cosmetics, fragrances, shoes,...
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Company Insights
Venmo – Competitor Profile
Founded in 2009, Venmo initially allowed users to send money via SMS. In late 2010, a Venmo app was launched. This was initially a payment service that focused on P2P payments and simple purchase transactions, such as payments to food trucks. Over the years, Venmo has expanded its use cases, allowing users to make payments to a wider range of merchants both online and offline via Venmo. Users can top up their accounts and link their app account to their...
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Company Profile
PayPal Holdings Inc – Company Profile
PayPal Holdings Inc (PayPal) is a technology platform and digital payments company. It provides technology and payment solutions that facilitate mobile, in-app, and online payments for merchants and consumers. In addition, the company offers other value-added services such as working capital and short-term business financing, gateway services, and invoicing. It acts as an electronic alternative to paper processing methods such as money orders and checks. It also provides P2P payment solutions. The company operates through its brands Braintree, Venmo, Xoom,...
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Sector Analysis
Disrupting Retail Banking – The Era of Big Tech
This report provides in-depth analysis into the financial services strategies of technology companies. We look at their paths up until now, the products and services they have developed, their likely next moves, and how effective they will be at displacing the primary account relationship incumbent banks currently hold. The increasing role technology plays in 21st century life has led to the banking sector being the latest industry to be disrupted. This has led traditional incumbent banks to make technology a...
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Sector Analysis
Targeting Generation Z in Financial Services
Generation Z have new expectations within financial services. The cohort can be described as young, ambitious, tech-savvy, and even influencers of the future. They have grown up during some of the key innovations and fintech launches around the world. In the current market, it is essential that FS providers try to better understand who Generation Z are, what they want, and how to best market their products and services to attract them. This report takes a deep dive into Gen...
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Sector Analysis
Money20/20: Things We Learned
GlobalData’s "Money20/20: Things We Learned", offers commentary and analysis of the key subjects covered at this year’s Money20/20 event in Las Vegas. Money20/20 is one of the biggest and most important events on the financial services calendar. Speakers from a wide range of organizations, covering financial services and other industries, provided their views and insights on a variety of subjects relevant to banking, including AI, regulation, payments, lending, security, and customer experience. This report covers the most important presentations and...
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Analyst Opinions
Insight Report: Competition in Mobile Payments – Apple, Samsung, Android, Alipay and PayPal
This new report provides analysis of the competitive landscape of the global mobile payments industry. In addition to insight on the key business models, the report also analyzes the success factors involved in gaining traction for a mobile payment solution. Furthermore, the report investigates challenges facing participants and the outlook for major competitors in the market.
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Analyst Opinions
Mobile Financial Services – Service Portfolio Evolution and Positioning Strategies in the Americas
Mobile Financial Services - Service Portfolio Evolution and Positioning Strategies in the Americas, a new Telecom Insider Report by GlobalData, provides an executive-level overview of the mobile financial services market for telecoms companies in the Americas. It delivers quantitative and qualitative insights into the mobile financial services space, analyzing key trends and growth drivers in the region. Strong credit card reward programs maks it difficult for US MNOs to compete in the financial services space, relying mainly on M-Wallets. Telcos...
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Company Insights
Competitor Profile: Simple
Simple is a digital-only bank that was founded in 2009 by Alex Payne, Joshua Reich, and Shamir Karkal. In February 2014, Simple was acquired by BBVA for $117m. Simple offers mobile banking through its app, which is available on both the Apple App Store and Google Play Store, as well as online banking through its website. Through both channels, Simple offers money management tools to help users reach their financial goals. These tools include one that shows customers how much...