Reflecting on This Week’s News Staring: Facebook, Walgreens, Mastercard and more…

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Before we gear up for The Fourth of July holiday weekend, let’s reflect on the biggest news stories to hit leading industries such as financial services, retail, security & enterprise, marketing, and healthcare.

Let’s kick off this week’s news round-up with security and enterprise.

SECURITY & ENTERPRISE

Ransomware Attack

A ransomware attack named Petya spread from Ukraine and affected thousands of machines online, including major cooperations in US and Europe, locking up major data to be held for ransom.

Facebook

Facebook announced on Wednesday that there are now 200 billion monthly users. The social media giant doubled its user base within less than a 5 year time period. Facebook is now considered to be not only a social media site but a major influence and moderator of content released to the public.

Adobe

On Thursday, Adobe debuted new features that are set to help track how companies are using Amazon’s Alexa and Apple’s Siri. These features will be developed to capture and analyze voice data for all the major platforms including Amazon, Microsoft, and Samsung using machine learning technology.

MARKETING

Instagram Cracks Down on Scams

Instagram has received complaints from users for years because of marketing spam that floods the social media site.  Instagress is a spamming service that charges users $10 a month to like and respond to users comments automatically, thus can be used as a marketing tool.

Instagram has asked Instagress to shut down due to a violation of services.

Tommy Hilfiger Gets Innovative

Tommy Hilfiger developed a marketing strategy using interactive chat box advertisements through unique artificial intelligence that operates through autoplay video and lets users answer questions about their fashion taste.

After answering questions, it directs customers to TommyHilfiger.com to make purchases.

No Ads for AMC

The TV channel AMC is launching a commercial free service called AMC Premiere, which will provide exclusive content for users for $4.99 a month. This feature will be an add-on for Comcast subscribers.

Customers are raising an eyebrow at the idea of paying $4.99 a month for just one channel. It will be interesting to see how successful this launch is within the coming months.

RETAIL

Walgreens and Rite Aid

Walgreens Boots Alliance released a press release on Thursday stating that it will not longer be buying Rite Aid for 6.84 billion, but instead, it will buy 2,186 stores, three distribution centers, and related inventory.

Under Armour

Under Armour announced this week that there will be a new president elected to the company, Patrik Frisk, who was the former CEO at the Aldo shoe retailer and also has experience with the brands Timberland and The North Face.

Sycamore Partners and Staples

Sycamore Partners announced this week that it has acquired to buy U.S. office supply chain store, Staples for 6.9 million. Sycamore Partners has been hindered from online retail shopping increasing in popularity over the past year.

HEALTHCARE

APA Healthcare Bill Update

President Trump has announced via Twitter that if Republican Senators can’t pass the Affordable Care Act, they should immediately repeal and then replace at a later date.

The new Healthcare Bill stirred controversy with the Democratic party after it was released last week.

Patientpoint Expands Digitally

Patientpoint, a company that offers engagement and educational platforms for patients and doctors through digital devices in waiting rooms and exam rooms, has raised $140 million in funding from Searchlight Capital Partners and Silver Point Capital.

The company hopes to grow its services with this funding, to make a larger digital impact in the healthcare world.

FINANCIAL SERVICES

PNC’s New Credit Card

PNC Bank has revealed a new cash back reward credit card. This Cash Rewards Visa credit card follows a tiered cash-back structure that includes 4 percent gasoline purchases, 3 percent restaurant purchases, 2 percent grocery purchases and 1 percent on all other purchases.

Mastercard’s New Services

Mastercard has announced this week that it will offer new payment tools using Application program interface, “To meet the growing business demand for consistent, seamless and secure commerce” according to a press release. 

These new payment options will include Facebook Messenger chat box to collect payments from customers, as well as Masterpass QR code that will enable customers to scan payment with a unique code through mobile devices.

 

ABOUT FSI TRANSFORMATION ASSEMBLY

FSI Transformation Assembly

Application to attend FSI Transformation Assembly taking place September 14-15, 2017 at Four Seasons Resort in Palm Beach, FL is now open. Join experts from North America’s major financial services and insurance organizations like Keynote Speaker Scott Dillon, EVP, CTO and Head of Technology Infrastructure Services at Wells Fargo and Company. Scott will be providing unique insight into how his team provides availability, security, and global interconnectivity for the more than 70 million customers who interact 12 billion times a year in person through the company’s 9,000 stores and 12,000 ATMs, on the phone, or online at www.wellsfargo.com.

C-level IT leaders in the financial services and insurance sectors are dealing with many challenges as digital transformation becomes an imperative.

Understanding not only the convergence of Mobile, Social, and Cloud but also the possible implications of Artificial Intelligence, Machine Learning and Blockchain is vital to stay ahead of the competition.

With digital enhancement comes a massive explosion in data, which is creating unprecedented manageability issues for firms around the world that can be linked to the following factors: expanding customer touch points, emerging types of structured and unstructured data, new customer engagement and social media platforms, rising data security, and controlling the overall data volume.

This is not just another “Financial Services” event. Spaces are reserved for the best in the business. Apply to attend here!

 

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