The internet has become an indispensable element in our lives and has also crowned a few behemoths, which control not only a huge chunk of the Web but plenty of user data. As we move into Web 3.0, we can expect to see a more decentralized DLT-based system that gives back to users sovereignty over what is rightfully theirs: their data.
If you feel as if your every move is being tracked, you may be right. Investment firms and other businesses are paying a premium for alternative data, including geolocation data, hoping it will give them a competitive edge in their quest to maximise investment returns by lending them greater insight into consumer patterns and preferences.
Cryptocurrencies have circulated for a while but are still plagued by scepticism. Recently, cryptos have received endorsements from high-profile advocates, and the credibility of this asset class is growing—along with its prices. What are the top cryptos, where are their prices heading, and are they worth serious investor consideration?
Reshaping Consumer Banking for a New Age: Opportunities to Leverage from TikTok and the Social-Media Renaissance
Banks need to meet customers where they are at, which today means social media. Personalisation, accessible solutions and relevance are key to reaching Millennial and Gen Z consumers, and banks must amend their strategies to serve these generations of bankers. By aligning their goals with those of social media, banks can stay in the loop.
The past year highlighted the growing importance of digital customer experiences in the financial services industry as COVID-19 continued to accelerate the pace of digitization. Unable to connect in person, consumers turned to digital tools. One survey conducted between late March and early May 2020 reported that between 46% and 51% of adults in the United States increased social media use since the start of the pandemic.
Equities across most of the major Asia-Pacific (APAC) markets encountered massive sell-off on Tuesday, 11 May, following the downbeat Wall Street with the tech-heavy benchmark Nasdaq Composite sliding more than 2.5 per cent. Led by the heavy drop in the blue-chip technology stocks, including Apple, Tesla, Facebook, Amazon, Alphabet, Netflix, Nvidia, Microsoft, and Paypal, the Nasdaq Composite suffered a loss of 350.38 points, or 2.55 per cent to close at 13,401.86 on 10 May.
COVID-19 has brought the centrality of the banking industry within the financial sector into sharper focus. Banks’ roles in shepherding their economies through the troubling times of the pandemic and beyond are indisputable; how well they fulfil their mandates will determine the success of the broader recovery in Europe and elsewhere. The road won’t be easy, and the banking sector needs to redefine and restructure itself to meet these challenges. Bank boards will have to take a more prominent role in this process.
Social-media giant Facebook comfortably beat analysts’ estimates across earnings, revenues and active users for the fourth quarter of 2020. “We had a strong end to the year as people and businesses continued to use our services during these challenging times,” explained Mark Zuckerberg, Facebook founder and chief executive officer.
As consumers continue to move more boldly into the digital realm, it has become increasingly clear that their personal data is of considerable value to different stakeholders. Whether it’s through their heart rates monitored by their watches, their geolocation data provided when they check into particular restaurants
In October 2015, the alternative-data company Eagle Alpha published its research on GoPro, the popular action camera company, with much of its findings having been determined by using web-scraping techniques. “The data from US electronics websites pointed to potential weakness in GoPro revenue for the third quarter of that year,” Eagle Alpha noted.