Rabu, 31 Oktober 2018

[CHART] Mobile banking is no longer enough for consumer retention and acquisition...

NEW CHART & DATA: FINTECH

Mobile banking is no longer enough for consumer retention and acquisition…

The exponential growth of smartphones and mobile devices, coupled with greater internet penetration, has brought a seismic shift in the way people choose to bank. Customers are now more likely to check their balances or transaction histories on their handheld devices, be it smartphones, tablets, or wearables, rather than through desktop or via traditional bank visits.

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Despite slight differences in mobile banking rates across the EU, Australia, and US, figures suggest mobile banking is reaching a saturation point. In the US, 76% of consumers checked their balance or last transaction on a mobile device, compared with the 18% who used their laptops or desktop computers.

Saturation means that offering mobile banking apps, no matter how sleek and trendy, is no longer sufficient to capture and engage consumers. If incumbents want to retain consumers and stave off challengers, they should implement digital strategies that allow them to not only develop innovative mobile products and services, but also help them keep a pulse on shifting consumer behavior.

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Shell, Telefonica, Volvo: It's IoT Time! - IoT Evolution

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10/31/2018

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» Shell and Microsoft Collaborate to Drive Transformation & Innovation

Shell Global Solutions, a managing energy supply and demand company, is broadening its work with Microsoft Corp. to help accelerate industry transformation and innovation.

» Clearing Up the Cloud: Futuriom Confirms Enterprise Disappointment with VPNs

Futuriom has released a new survey, detailing feedback from 200 enterprise technology professionals, sharing that end-users are no longer satisfied with VPN performance for cloud-based applications, and are concerned about security in a multi-cloud world.

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Facebook pops after mixed third-quarter results

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Facebook pops after mixed third-quarter results

Facebook reported mixed third-quarter results on Tuesday.
The social-media giant said US daily active users held at 185 million.
Shares rallied as much as 5%.
Watch Facebook trade live here.

Facebook jumped by as much as 5% Wednesday after reporting mixed third-quarter results.

The social-media giant announced Tuesday that it earned $1.76 a share, easily beating the $1.47 that Wall Street analyst surveyed by Bloomberg were expecting. Revenue surged 33% versus a year ago to $13.73 billion, but that was shy of the $13.80 billion that was expected.

Facebook said its US daily active users held at 185 million, coming as a relief to investors after a tumultuous few months. The company has been trying to repair the reputational damage done by the recent scandals, including Cambridge Analytica and the hack of 30 million users' sensitive data.

"Growth is decelerating, yet '19 seems to be a pivot point with investment stabilizing," the Jefferies analyst Brent Thill said in a note sent out to clients following the results.

"As we model out into '20 we see EPS growth accelerating into high teens and model $10+ in EPS in '21. It will probably take a few qtrs for sentiment to reverse, but with FB trading ~20x our '19 EPS (17x '20) we see more upside than down. We believe patient investors will be rewarded at these levels as FB turns the corner on investment in '19."

Last quarter, Facebook said its monthly active users in the US stalled and warned that revenue growth rates would decline by "high single digit" percentages in the coming quarters.

Shares had plunged 35% through Tuesday after that report, sending Facebook shares to their lowest level since April 2017.

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