June 12 – 5 Key Stories From The Digital World

By June 12, 2019 Insight

1. How banks can use ecosystems to win in the SME market

  • Representing one-fifth of global banking revenues, SMEs generate around $850 billion of annual revenue for banks—a pool expected to grow by approximately 7 percent annually over the next seven years
  • new customer propositions and better service models enabled by technology are creating opportunities for much more lucrative returns
  • An ecosystem should be viewed as means to add new forms of value and not just a pure customer-acquisition or -retention vehicle

2. Visa Goes Live With Blockchain-Powered Business Payments Service

  • B2B Connect at launch will serve businesses seeking to make payments to 30 markets, according to the report, with 90 more corridors expected to be covered by the close of 2019
  • designed to help Visa’s corporate clients sidestep the slow correspondent banking network, opening up near instant international payments using a system in part powered by distributed ledger technology
  • Visa ultimately turned to Hyperledger Fabric for the DLT side of the system with assistance from IBM

3. Microsoft is now worth over $1 trillion, a stunning run since Satya Nadella’s ascent

  • For now, second- and third-place Amazon and Apple both remain around the $880 billion mark
  • Nadella, for his part, won’t be celebrating the trillion-dollar milestone: in an earlier interview with Bloomberg, he dismissed the valuation as “not meaningful” and claimed he would be “disgusted if somebody ever celebrated our market cap.”
  • Microsoft had a 17% share of the global cloud infrastructure services market in 2018

4. Postal robots take to the streets with backing from Toyota AI Ventures

  • Boxbot, a California delivery logistics startup, recently unveiled its autonomous last-mile delivery system, which consists of an autonomous local logistics hub paired with a robotic delivery truck
  • Unveiling comes just weeks after USPS announced its own pilot to test self-driving trucks for interstate delivery, helping to solidify the idea that autonomous delivery is a foregone conclusion
  • company is thinking more holistically about last-mile delivery than many of its competitors, and it’s also taking bigger bets

5. Mary Meeker’s Internet Trends Report Reverts To Historical Patterns Of Slide Count Growth

  • As a percent of U.S. retail, e-commerce now accounts for 15 percent of total spending
  • Digital media like streaming video and podcast-listening are taking up more of our time, and time spent on mobile devices finally eclipsed TV
  • Global Internet Users = Asia Pacific leads in users + Potential