Innovation

Innovation in its modern meaning is "a new idea, creative thoughts, new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs.

(source: en.wikipedia.org)

Tight Holiday Sales Outlook Heightens Demand to Reduce Retail Returns
Tight Holiday Sales Outlook Heightens Demand to Reduce Retail Returns
November 15, 2022  |  Retail

At a time when retailers are competing aggressively on price to drive sagging sales, the need to limit returns via virtual try-on tools and tougher...

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UK Launches New FinTech Innovation Center
UK Launches New FinTech Innovation Center
November 11, 2022  |  Innovation

A new private sector-led body has been launched in the United Kingdom to nurture the country’s FinTech ecosystem. The Center for Finance, Innovation and Technology...

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50% of Grocers Want Better Digital Tools and Customer Experience
50% of Grocers Want Better Digital Tools and Customer Experience
November 10, 2022  |  eCommerce

Half of all grocers are looking to step up their digital presence, their customer experience (CX) or both. By the Numbers Research from PYMNTS’ study...

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DoorDash and Google’s Wing Launch Drone Delivery Pilot in Australia
DoorDash and Google’s Wing Launch Drone Delivery Pilot in Australia
November 08, 2022  |  Delivery

Google is leveraging DoorDash to move into on-demand delivery. The aggregator announced Tuesday (Nov. 8) that it is trying out automated drop-off via skyway in...

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75% of Hooters’ Virtual Customers Have Never Visited Flagship Brand
75% of Hooters’ Virtual Customers Have Never Visited Flagship Brand
November 08, 2022  |  Restaurant innovation

For a restaurant like Hooters, renowned for its distinct in-store experience, the recent embrace of virtual brands has not only leveraged the chain’s existing equipment...

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Truist Foundry Billed as ‘Startup Within Bank’ for Innovation
Truist Foundry Billed as ‘Startup Within Bank’ for Innovation
November 04, 2022  |  Startups

Building upon its May acquisition of gamified mobile finance app Long Game, Truist has launched an innovation division that it said will function as “a...

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OpenEnvoy CEO Sees Fully Automated AP Departments Within 5 Years
OpenEnvoy CEO Sees Fully Automated AP Departments Within 5 Years
November 03, 2022  |  Accounts Payable

The accounts payable (AP) department is about to find itself short-staffed. As OpenEnvoy CEO Matt Tillman told PYMNTS’ Karen Webster: “There’s not a lot of...

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Adore Me Sheds Light on D2C Prowess That Brought Victoria’s Secret to Its Door
Adore Me Sheds Light on D2C Prowess That Brought Victoria’s Secret to Its Door
November 02, 2022  |  Acquisitions

It’s arguably the biggest deal in “Big Lingerie” since the breakup and spinoff of Victoria’s Secret last summer, as the mall-based physical store category leader...

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Legacy Payment Systems Cost Colleges More Than Money
Legacy Payment Systems Cost Colleges More Than Money
November 01, 2022  |  B2B Payments

Payments are both an integral and a problematic part of higher education. They are integral because of how costly college is. The average annual cost...

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