Connected Economy

The innovations in technology, connected devices, software, payments and cellular technology make it possible for people and businesses to connect with each other and do business via any device, an in any digital or physical location safely, securely, and in real time. This integration of the digital and physical worlds will transform the economy across the ten pillars that today represent its key cornerstones – pillars that are already experiencing the impact of disruptive innovation as new blended, digital-first experience-driven ecosystems are now taking shape.

Gen Z Consumers Pull Back on Connected Devices 
Gen Z Consumers Pull Back on Connected Devices 
April 15, 2024  |  Connected Economy

Connected device ownership may be on the rise, but younger consumers are paring down the number of smart products they own, PYMNTS Intelligence research reveals....

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States Tighten Data Privacy Laws In Response to Evolving Digital Challenges
States Tighten Data Privacy Laws In Response to Evolving Digital Challenges
April 15, 2024  |  Data

California’s landmark privacy legislation, the California Consumer Privacy Act (CCPA), which grants consumers the legal authority to instruct businesses not to sell their data, has...

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CE 100 Index Slips 2% as Bank Earnings Spark Decline
CE 100 Index Slips 2% as Bank Earnings Spark Decline
April 15, 2024  |  Connected Economy

Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the...

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35% of US Consumers Would Welcome ‘Super App’ to Manage Finances
35% of US Consumers Would Welcome ‘Super App’ to Manage Finances
April 12, 2024  |  Mobile Applications

According to PYMNTS Intelligence, 95 million consumers would welcome a single mobile app to help manage their banking and shopping activities. This is one key...

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Voice Assistants Learn the Art of Small Talk
Voice Assistants Learn the Art of Small Talk
April 12, 2024  |  Voice Activation

Voice assistants have already made significant strides in areas such as smart home integration, educational settings and business applications. However, their current capabilities are limited by a...

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Guesty Raises $130 Million to Expand Short-Term Rental, Hospitality Platform
Guesty Raises $130 Million to Expand Short-Term Rental, Hospitality Platform
April 10, 2024  |  Investments

Guesty raised $130 million in a Series F funding round to expand the capabilities and global footprint of its property management software platform for the short-term...

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Banyan CEO: Chase’s Media Move Highlights Value of Customer Data
Banyan CEO: Chase’s Media Move Highlights Value of Customer Data
April 09, 2024  |  Connected Economy

Banks need new revenue streams. Retailers (and other businesses operating with razor-thin margins) need to fine-tune their go-to-market strategies and gain higher returns on marketing...

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Bank of America’s Virtual Assistant Reaches 2 Million Interactions Per Day
Bank of America’s Virtual Assistant Reaches 2 Million Interactions Per Day
April 08, 2024  |  Artificial Intelligence

Bank of America’s virtual financial assistant, Erica, is now engaging with clients 2 million times per day. Clients’ use of the virtual assistant has accelerated since...

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Data Privacy Laws Threaten Small Businesses’ Digital Advertising Efforts
Data Privacy Laws Threaten Small Businesses’ Digital Advertising Efforts
April 08, 2024  |  SMBs

The Maryland Online Data Privacy Act of 2024, a proposed bill set to impact data collection and online privacy, successfully passed both the Senate and House...

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