 WEEKEND ROUNDUP |
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Telecoms shouldn't worry about Google and Amazon's plans to disrupt wireless Google and Amazon may be looking to expand their services and increase customer engagement by moving into providing wireless connectivity.
The tech giants already provide consumers with a range of services while they're on the go — allowing them to shop, stream media, and more — and they're now exploring ways to profit from the delivery of those and other services.
Specifically, Google officials have spoken with Dish about potentially joining forces to launch a wireless carrier, and Amazon has filed for the FCC's permission to launch satellites as part of a space-based internet network.
Though these developments represent potential shakeups to the connectivity space, our research team believes the threat to incumbent telecom leaders is still far off — if it even materializes at all.
Business Insider Intelligence's Peter Newman has the full story. |
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| | | Netflix could generate some $1.3 billion in revenue by 2021 if it introduced an ad-supported tier in the US, according to Nomura's Instinet analysts. Read More → |
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| | | Citibank has been named the "Best Bank for High-Net-Worth Families" by Kiplinger's Personal Finance for the third straight year. Read More → |
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| | | If Facebook's crypto and digital wallet play gets off to a solid start, it could empower Facebook to begin offering more financial services in the future, Calibra VP of Product Kevin Weil said in an interview. Read More → |
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| | | It's no secret that US-based e-commerce giant Amazon has been quickly building up its logistics division to not only deliver the goods on its marketplace, but to set itself up as a potential third-party logistics partner for other retailers. Read More → |
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| | | Microsoft and Providence St. Joseph Health announced a multiyear strategic partnership that will lean on the tech company's cloud expertise and collaborative workplace productivity tools to enable new developments in data-driven care at the health system's more than 850 clinics and hospitals. Read More → |
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| | | Hackers exploited a flaw in a mobile payment feature introduced by 7-Eleven Japan on July 1 to target 900 accounts and use them to make $500,000 in purchases, causing the retailer to shut down the program. Read More → |
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| | | UK-based fintech Unmortgage has partnered with Allianz Global Investors (AllianzGI) to launch a fund that will be used to purchase properties offered via its online platform. Read More → |
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| | | Digital health companies across the globe ended the first half of 2019 with a bang, hauling in a grand total of $6.8 billion, up slightly from the $6.6 billion players worldwide bagged in the first half of 2018. Read More → |
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| | | US banks are enhancing their checking accounts with incentives, like streaming service subscriptions, to stand out as more consumers put their money into savings and money market accounts. Read More → |
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| | | Facebook bought rights to make VR versions of popular video games "Assassin's Creed" and "Tom Clancy's Splinter Cell" for its Oculus VR headsets as it moves to boost its gaming investments. Read More → |
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| | | In this report, Business Insider Intelligence will examine the current state of the mortgage lending landscape and how technology has enabled alt lenders to transform the home loan process from application to closing. We will then explore how legacy banks are responding to the threat of digitally advanced competitors by unveiling their own online mortgage solutions and offer recommendations for financial institutions looking to enhance their mortgage offerings. Learn More → |
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| | | Tech giants are set to grab up to 40% of the $1.35 trillion in US financial services revenue from incumbent banks, per McKinsey. Three of the largest US tech companies — Apple, Google, and Amazon — are particularly encroaching on financial services and threatening incumbents with their size and ability to attract massive, loyal user bases. This report examines the moves they're making to gain a larger foothold in the global financial services industry. It details each tech company's threat to incumbents and outlines potential next steps based on their existing moves in the financial services sphere. Learn More → |
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| | | Although there are only a handful of autonomous checkout stores today, the technology has seismic repercussions for in-store retail. Much like card payments improved the experience of fumbling for cash and waiting for change, a checkout-free experience will consistently reduce time and effort: Consumers will be able to pay automatically after identifying themselves via a profile with a preselected payment method. Business Insider Intelligence forecasts the expansion of autonomous checkout stores and their payments volume over the next five years and looks at the payment flows for the two types of autonomous checkout experiences. Learn More → |
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Consumers don't trust AI advice in financial services. |  |
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UK consumers say poor security will keep them from shopping online. |  |
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LTE is poised to predominate in connected cars by 2025. |  |
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