COVID-19 concerns effecting e-commerce consumers avoid stores

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“Since older individuals are the ones for whom the virus has been most fatal, they may be especially likely to alter their behaviour,” said eMarketer analyst Mark Dolliver. “This could mean more adoption of e-commerce, an area where they’ve been laggards. People whose attitude has been ‘I’d rather die than buy online’ may rethink this if they feel going to crowded, germy stores truly could kill them.”

E-commerce activity, particularly related to health and grocery, is booming in the US in general. According to data from e-commerce ad tech provider Pacvue, there have been surges in Amazon searches for

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Finablr seeks insolvency as stock market blood bath takes first victim

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As the global battle against Covid-19 moves into uncharted territory, the avalanche witnessed across global stock markets may have claimed its first victim. Finablr, the owner of Travelex, has asked advisers to prepare for a possible insolvency, paving the way for the end of a company worth more than £1 billion only last year.

Finablr seeks insolvency as stock market blood bath takes first victim

The company has more than 25 million retail customers across subsidiaries such as Travelex and UAE Exchange, providing foreign exchange services in airports and high streets around the world. More than 1,500 corporate and institutional

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UK FinTech tops the charts for investment

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In a ray of good news, The annual Tech Nation report charts and champions the digital economy. As emerging and maturing technologies continue to disrupt and transform incumbent industries, and tackle some of the world’s biggest challenges, and as we live through the fastest pace of change in history, UK tech is at the forefront of some of the biggest questions, and providing the answers.

2019 was an incredibly positive year for the UK tech sector. Compared to the rest of the UK economy, digital tech grew six times faster than any other industry (the digital tech sector contributed £149

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Majority of Americans would allow Big Tech to use their spending data

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A majority of Americans, 64%, would consider purchasing or applying for financial products from a Big Tech company instead of a traditional financial services provider. Among those ages 18 to 34, this figure skyrockets to 81%, and Americans ages 35 to 44 are close behind at 79%.

Majority of Americans would allow Big Tech to use their spending data

According to the Ondot Systems survey also provides a warning to smaller financial institutions: Nearly three quarters, 72%, of Americans agree that tech companies, such as Google, Apple, Amazon and Facebook, entering financial services would threaten the existence of smaller banks

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