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Though FIs should keep these at the top of mind when creating digital strategies, they should proceed with caution.

Banks in the UK and Europe may be slightly off-base when it comes to serving Gen Z, but the survey revealed that while these banks worry about retaining the younger cohort as customers, they鈥檙e confident that ultimately, they have the capabilities to keep them hooked. 91% of bankers surveyed acknowledged that Gen Z consumers will be the biggest influencers on their bottom lines in the coming years.

Farmers in rural areas and emerging countries are often financially underserved. That鈥檚 where fintechs can make their next move.

There are few other events that bring together as many of the world鈥檚 top CMOs as Cannes Lions, providing ample opportunity for tech, social, and ecommerce firms to mingle with and pitch their growing (or struggling) ad businesses to the C-Suite. Amazon arrived at Cannes in full force in 2022, and this year will be no different.

For example, digital wallets should focus on rewards that resonate with cash-strapped consumers, like Curve letting consumers earn cash back on grocery shopping. Reconsider expansion. This should include geographic, product, and client segment strategies. Take Brex, which recently stopped servicing SMBs to focus on startups, its core customers.

Things aren鈥檛 all that bad for Big Tech: Sustaining pandemic-era revenues was likely never realistic. But major tech companies are still raking in enormous profits, despite Wall Street investors鈥� outcry.

Activist investor pressures Salesforce to slash staff: A string of tech layoffs last week follows the Fed鈥檚 interest rate hike. But tech talent scavengers should keep companies on their toes.

Can鈥檛 afford a picnic: Microsoft cut contractors, laid off an entire division, and tightened its expense belt. Between gloomy cloud forecasts and regulations, things could get tougher for Big Tech.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

With an abundance of interest-earning savings accounts on the market, customers shopping around may prefer to hold their money with a traditional bank or licensed fintech. Our take: Not having a banking license might make it hard for Wise鈥檚 savings accounts to enter the mainstream.

The big takeaway: While high-end brands have fared fairly well throughout this year, there are growing signs of strain from China鈥檚 COVID policies, Europe teetering on the edge of recession, and US merchants tightening their inventory. Go further: Check out our China Ecommerce Forecast.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

Finnish fintech Enfuce also rolled out a Mastercard-branded combination card in Europe, where similar products have already gained traction. Our take: The BNPL industry is at an inflection point. Despite decelerating growth as the industry matures, BNPL will establish its importance in the payments market: US BNPL payment value will total $108.43 billion by 2025, up 15% YoY, per our forecast.

This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe. Want to learn more about how you can benefit from our expert analysis? Click here.

Around 40% of boomers said last November that they mostly or always shop in-store, according to data from Attest. For Gen Xers, that total was 27%, with the proportion dropping to 23% among adults overall. Boomers were the only cohort to see in-store responses outnumber online responses. How should advertisers optimize for their digital audiences across generations?

How Ikea innovates to keep up with an expanding ecommerce market. More Chart of the Day:. 6/15 - Direct-to-success. 6/14 - Buyers without borders. 6/13 - Top of the funnel to you. 6/12 - YouTube鈥檚 retail rush. 6/9 - Make it discount. Methodology: Data is from the May 2023 Coveo report titled "Ecommerce Relevance Report 2023: Privacy vs.

TikTok鈥檚 latest strategy to boost social commerce sales relies on AI: The social platform is testing a feature that automatically links users to TikTok Shop without creator input.

Few US merchants are selling goods on TikTok Shop: Many are reluctant to invest time and resources in the platform given the widespread speculation that it will be banned or sold.

While the Swedish BNPL provider builds out its offerings, it's also forging deals to bring its core BNPL product to more consumers: European payment provider Viva Wallet, for example, added Klarna鈥檚 BNPL product as a payment method. Read on: Check out our spotlight report on Klarna to learn about Klarna鈥檚 strategy and the features helping it drive growth.

At this year鈥檚 Shoptalk Europe event, held in Barcelona last week, Davidkhanian observed that while retailers are encountering the same challenges as 15 years ago, the way they approach them has changed. Here鈥檚 a look at three examples. The struggle: The shopping journey is becoming more fragmented. The solution: Create a unified commerce strategy.

Go further: Read our Spotlight: Grocery Inflation report to learn how rising prices are shifting 蝉丑辞辫辫别谤蝉鈥� spending patterns. This article originally appeared in Insider Intelligence's Retail & Ecommerce Briefing鈥攁 daily recap of top stories reshaping the retail industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily. Are you a client? Click here to subscribe.