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…
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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,…
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“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…
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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…
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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.…
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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…
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Duty or freestyle? This question is posed by banks in the implementation of PSD2. The possibilities of open banking offer many opportunities for everyone but especially for regional banks. For example, a regional bank in Switzerland. Oliver Dlugosch gave us this contribution. The PSD2 is now in force for a…
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New investment services for millennials: AXA Investment Managers (AXA IM) and Stockholm-based fintech company Dreams entered into a strategic partnership. Certainly, this is in order to offer Millennial’s innovative investment services through Dreams’ mobile platform. The new generation of savers The partnership is based on the shared goal of driving…
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Amazon is not only one of the largest and most important e-commerce stores around the world. This firm begins to position itself as a strong player in the field of advertising, a place that now seeks to consolidate through the delivery of free sample to its users. As reported by…
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Repentance in the purchase can reduce the ecommerce companies between 2% and 4% of their turnover Some e-commerce companies like Amazon are starting to penalize customers who return more products than they buy, who abuse the generous return service. These recidivists are closely monitored and, if they are found to…
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