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If one thinks of the widespread use of Zalando parcels in Swiss post offices, the sudden drop in prices that Zalando has behind him is astonishing. But the example also shows that the number of packages sent is not synonymous with economic success – certainly not with success on the…
According to several specialists, a large part of the players in the world economy have been severely affected by what is known as the “Amazon Effect”. And for no one is it a secret that the success in which Jeff Bezos’ business has become has uniquely modified consumption and the…
The sector of the multipurpose financial corporations (Sofomes) will grow between 20 and 40 percent during 2019, because the change of government opens up new development opportunities for these financial entities. The views of the banking sector The new president of the Association of Multiple Purpose Financial Societies in Mexico…
The advancement of technology and new business models will have an important impact on the actions of banking in 2020. These are the 10 trends and challenges in which private investors and SMEs operate in this new scenario. The danger of technology The entrance of the BigTech, although it is…
If the company executes its ambitious expansion plan, these establishments can generate an income of 4,500 million dollars in 2021. A year ago, Amazon opened its first physical supermarket to the public in the United States. After a period of testing, Amazon Go started in Seattle, the vision of the…
The digitalization of banking is a phenomenon that has been growing strongly. Even many of the banks have felt threatened by Latin American startups that want to offer diverse alternatives to the millennial market. To clarify the current situation, Dr. Elisa Piedrahita, dean of Financial Engineering at the Piloto University,…
“The principle of being able to determine how you use your own data is also a priority for financial institutions today,” says Massimo Ferrari, CEO of Assetmax. PSD2 and Open Banking As he explained, a concrete measure was taken by the EU with the introduction of PSD2 (Payment Services Directive…
The Government of Spain approved to send to Parliament its bills to create a tax on digital services. If approved, 3% of the income would be applied to the business tax for the provision of online services. The Executive indicates that this way the measure could contribute one thousand 200…
Ripple (XRP) has been attracting attention in recent weeks and months with many new collaborations and integrations of xRapid. Brad Garlinghouse (CEO of Ripple) says the mainstream and banks are now ready for XRP. Recently it was even announced that now the first bank has officially included xRapid and XRP.…
Partner banks get out of Paydirekt Paydirekt, the payment system of the German banks, loses the ING Germany, the Hypovereinsbank, the German Santander and other private banks as partners. The aforementioned companies have canceled their shares as of 31 December 2019. Outwardly, it is said that the institutions had disturbed…