Prime Day comes early in 2021

What to read today: The Buy Now, Pay Later Report: Buy now, pay later solutions are quickly gaining adoption as consumers look for new financing options and merchants aim to drive sales. In this report, Insider Intelligence will examine what factors have made BNPL providers increasingly popular with consumers and merchants, both before and during the pandemic..

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June 5, 2021 Amazon moving Prime Day to June could mean it believes the event will be a success whenever it occurs. Amazon's flagship sales event is reportedly scheduled for June despite historically taking place in July. Amazon CFO Brian Olsavsky said on the company's most recent earnings call that it intended to hold the event earlier in 2020 to account for the Olympics and the fact that July is a popular vacation time. Moving Prime Day may mean Amazon believes it will be a success whenever it occurs, potentially making it harder for competing etailers to keep up. Insider Intelligence's Daniel Keyes has the full story. BRIEFING HIGHLIGHTS Acorns is going public via a $2.2 billion SPAC deal Acorns is going public via a $2.2 billion SPAC to accelerate user acquisition growth–and this won't be the last investing app going public this year. Read More → Digital banking users name primary FIs as most trusted provider Incumbent banks have built up a trust advantage over newer competitors as they've emerged from the throes of the pandemic. Read More → Klarna is making moves to continue growth in the next quarter Klarna saw record-breaking volume driven by US growth and is looking to keep up this momentum through international expansion and retail partnerships. Read More → Wefox raises $650 million to advance on new markets Wefox secures $650 million mega-round, which will help power the European insurtech's product and geographic expansion. Read More → The pandemic ended a decades-long trend for overdraft fees The pandemic paradoxically helped pad consumers bank accounts—and banks now face the reckoning that fees are unlikely to return to historic levels. Read More → PrimaryBid expands IPO platform to French retail investors PrimaryBid sets the pace for fintechs offering early access to IPOs in Europe with its French expansion. Read More → Temenos will roll out globally the explainable AI product Temenos will roll out globally the explainable AI (XAI) product Temenos Virtual COO—letting banks use the technology for complex operations. Read More → Visa and Amex are doubling down on fraud prevention Visa and American Express announced new fraud prevention initiatives to help tackle a multibillion-dollar problem. Read More → Target, Walmart launch June sales events during Amazon Prime Day Target and Walmart introduced coinciding sales events shortly after Amazon confirmed Prime Day for June 21 and 22. Read More → Chase fights digital currents with 200 new branches since 2018 Chase reached the halfway mark on its 2018 goal of 400 new branches—fighting a trend away from physical channels in a risk that could pay off. Read More → RESEARCH IN FOCUS The Buy Now, Pay Later Report Buy now, pay later solutions are quickly gaining adoption as consumers look for new financing options and merchants aim to drive sales. In this report, Insider Intelligence will examine what factors have made BNPL providers increasingly popular with consumers and merchants, both before and during the pandemic. Get the full report → The Payments Ecosystem Insider Intelligence examines the payments ecosystem today, as well as the pandemic's impact on growth drivers and the industry's future. The report traces the path of in-store and online payments from processing to settlement across key stakeholders. Get the full report → Blockchain in Payments Insider Intelligence presents a balanced look at the blockchain payment use cases with the highest maturity. The report ranks the three main use cases according to specific benchmarking criteria and examines the benefits and obstacles each faces in achieving wide-scale disruption. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036