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Sabtu, 15 Desember 2018

Here's what lawmakers asked Google's CEO

This week's highlights: Fidelity is sizing up a UK robo-advisory launch , Sprint is dipping its toes into in-home broadband , Doctor burnout is plagued by health IT , and much more
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Google's CEO testified before Congress on claims of political bias in search

Google CEO Sundar Pichai testified before Congress for the first time, after previously opting out in September, when Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg appeared before lawmakers.

Pichai also submitted his written testimony, which gave initial responses to several expected lines of questioning.

Questions by lawmakers at Tuesday's hearing — titled "Transparency & Accountability: Examining Google and Its Data Collection, Use, and Filtering Practice" — traced a familiar groove, with Republicans primarily focused on claims that Google search results have anti-conservative bias.

However, bipartisan reps also invoked topics including data privacy, Google's rumored launch of a censored search engine in China, and potential regulation.

Business Insider Intelligence's Audrey Schomer has the full story.
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BRIEFING HIGHLIGHTS

Fidelity is sizing up a UK robo-advisory launch

Fund supermarket Fidelity International is considering launching a robo-advisory service in the UK, per The Financial Times. Read More →

Sprint is dipping its toes into in-home broadband

Sprint's upcoming 5G mobile Smart Hub device will be "good enough" for consumers to use as their home internet connection, according to comments from Sprint VP of Product Engineering and Development Ryan Sullivan in an interview with PCMag. Read More →

Doctor burnout is plagued by health IT

The vast majority (70%) of physicians who use electronic health records (EHRs) report healthcare IT-related stress, and time spent in EHRs is correlated with physician burnout. Read More →

South Korea is getting its first fintech unicorn

South Korean fintech Toss has raised an $80 million funding round led by US-based firms Kleiner Perkins and Ribbit Capital, bringing its valuation to $1.2 billion and making it the latest fintech unicorn globally, and Korea's first. Read More →

Amazon is taking aggressive action to counter seller scams

Amazon is taking aggressive action to counter seller scams occurring on its marketplace, including deleting thousands of suspect reviews, firing employees suspected of supplying merchants with inside information, and restricting employee access to customer data on its website. Read More →

New Alexa features could spur voice assistant stickiness

The features, which were originally announced this past September at Amazon's Echo event, aim to improve Alexa's usefulness across various areas, from communication to household chores. Read More →

Uber is ramping up food delivery

As it steers towards an IPO, Uber is turning to ads in its Uber Eats food delivery unit to help expand its revenue-generating potential. Read More →

BofA has announced updates to its mobile apps

The upgrades, which improve the functions of existing features, can enhance the user experience and allow BofA to increase its engagement. Read More →

Tokopedia garners $1.1 billion in funding

Indonesian e-commerce company Tokopedia has picked up $1.1 billion in a Series G funding round led by the SoftBank Vision Fund and Alibaba, bringing its valuation to $7 billion. Read More →

Daimler is trying to set the standard for EV batteries

German auto behemoth Daimler, the parent company of Mercedes-Benz, plans to buy a whopping $23 billion worth of electric vehicle (EV) batteries through 2030, according to Automotive News. Read More →
 
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RESEARCH IN FOCUS

The Payments Ecosystem

In this report, Business Insider Intelligence unpacks the current digital payments ecosystem, and explores how changes will impact the industry in both the short- and long-term. The report begins by tracing the path of an in-store card payment from processing to settlement to clarify the role of key stakeholders and assess how the landscape has shifted. It also uses forecasts, case studies, and product developments from the past year to explain how digital transformation is impacting major industry segments and evaluate the pace of change. Finally, it highlights five trends that should shape payments in the year ahead, looking at how regulatory shifts, emerging technologies, and competition could impact the payments ecosystem. Learn More →

The Digital Remittances Report

Remittances, or cross-border peer-to-peer (P2P) money transfers, hit a record high of $613 billion globally in 2017, following a two-year decline. And the remittance industry will continue to grow, driven largely by digital services. In this report, Business Insider Intelligence will identify what young, digitally savvy users value in remittances. We will also detail the concrete steps that legacy and digital providers can take to effectively capture this opportunity and monetize digital offerings — the primary growth driver — to emerge at or maintain their presence at the forefront of the space. Learn More →

The Fintech Ecosystem Report

In this report, Business Insider Intelligence details recent developments in fintech funding and regulation that are defining the environment these startups operate in. We also examine the business model changes being employed among different categories of fintechs as they strive to embed themselves further in mainstream finance and prove sustainability. Finally, we consider which elements of the fintech industry are rapidly rubbing off on incumbent financial services providers, and what the future of fintech will look like. Learn More →
 
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CHARTS OF THE WEEK

How high holiday season credit card spending can benefit issuers.

How high holiday season credit card spending can benefit issuers.

Exclusive data shows the voice features consumers value most in healthcare.

Exclusive data shows the voice features consumers value most in healthcare.

Fintechs have a huge consumer trust issue, but becoming regulated could solve it .

Fintechs have a huge consumer trust issue, but becoming regulated could solve it  .
 
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