News

Social Commerce
Albertsons Tests Shoppable Facebook Video Ads as Grocers Digitize Circulars
July 14, 2023

As grocers look for the most effective digital coupon strategies, Albertsons is testing dynamic, shoppable ads with Facebook and Instagram. The grocer’s retail media network, Albertsons Media Collective, announced in a recent LinkedIn post that it is partnering with Meta and with mobile ad solutions...

Banking
Bank Earnings Paint Picture of Resilient Consumers
July 14, 2023

Data tells a tale just as much as management commentary on analyst calls during earnings season. To that end, a slew of earnings materials from big banks Friday (July 14) showed that beyond the macro issues — war in Europe, inflation, the vagaries of interest...

Investments
Investing App Robinhood Expands with Retirement Account Options
July 14, 2023

Robinhood’s retirement accounts are diversifying its revenues and widening its customer base. That’s been the popular investing app’s experience in the months since it expanded its offerings with the launch of traditional and Roth individual retirement accounts, the Wall Street Journal (WSJ) reported Friday (July 14). The company...

Social Commerce
Snap Enables Profile Links but Which Creators Will Convert? 
July 14, 2023

With platforms like TikTok, Facebook, and Instagram making it faster and more convenient for consumers worldwide to share their shopping experiences and kick-start retail trends, Snapchat has now joined the fray. The social media platform is working to deepen its connection with creators by enabling...

Retail
Is Diversifying the Answer? Sean ‘Diddy’ Combs Says No, Launches Curated Marketplace
July 14, 2023

While there’s been a growing recognition around the mass potential of niche markets, brands and retailers have recently looked to diversify their offerings, hoping to convert more browsers into paying customers. But is it the right move for everyone? Should brands and retailers play the...

Retail
Selfridges Launches Loyalty Program Powered by QR Code and App
July 14, 2023

Selfridges has launched a new loyalty program powered by a QR code and an app. The United Kingdom-based luxury department store chain’s new Selfridges Unlocked program gives members early access to product launches, events, news and free shipping, Selfridges said in a Thursday (July 13) press release. It also...

Artificial Intelligence
Moving Generative AI Beyond Its ‘Bronze Age’ Moment
July 14, 2023

According to Shaunt Sarkissian, CEO of AI-ID, artificial intelligence (AI) is in the midst of its “Bronze Age.” Through the past three decades, we’ve seen the rise of the internet age, the rise of the mobile device age and more recently the blossoming (and continuing) period of...

Payments Innovation
An Online Payments Pioneer on What It Will Take to Scale Pay by Bank in...
July 14, 2023

Disruptive innovations don’t just change the game; they often level the playing field. But transformative phase shifts only enjoy a real, scalable flywheel when they solve for an ongoing problem — and when that solution to the problem is both repeatable and easily digested by...

Fintech Investments
 FinTech IPO Index Soars 11.9% as Upstart Gains 29% and Platforms Surge 
July 14, 2023

This past week might be titled “The Great Platform Rally of 2023.” The FinTech IPO Index surged 11.9% through five sessions, led by double-digit gains in all manner of platform firms serving a variety of verticals. Year to date the index has soared 41.1%. And...