Marqeta, the global modern card issuing platform, today released a report that examines how banks intend to change their strategies in response to the COVID-19 pandemic. According to the findings, COVID-19 has had a significant impact on almost all (96%) European banks, with over three-quarters (78%) planning to change their future banking strategy to adapt to changes in consumer behaviour, such as the accelerated adoption of digital banking services and cashless payments.
The study of 200 banking executives found that, as a result of growing demand for digital services, 80% of banks have accelerated their plans to digitally transform. Banks also predicted that digital transformation projects will need to be delivered in two-thirds (69%) of the time, with 89% saying that the COVID-19 pandemic has drastically increased the speed of change in banking from years to months. The study also found that:
The organizers of Web Summit said in a statement on Thursday that the decision followed discussions with the Portuguese government and city of Lisbon.
“Lisbon is still Web Summit’s home but with growing Covid-19 outbreaks across Europe, we have to think of what’s best for the people of Portugal and our attendees,” said the conference’s founder Paddy Cosgrave. “The safest and most reasonable answer is to host Web Summit fully online in 2020. We look forward to welcoming attendees back to Lisbon in 2021,” he added.
Apple is waiving the customary 30% fee it charges businesses that sell tickets to online events in the company’s App Store for the rest of the year.
Apple suspended the fee to give businesses affected by the coronavirus pandemic more time to adapt to operating almost entirely online, a spokesman told CNBC. App store developers such as Airbnb, the home-rental company, has expressed interest in holding more events online, the Wall Street Journal reported.
Earlier this week, Apple agreed to exempt Facebook events from the 30% fee. This summer, the social media company introduced paid online events as a way for small businesses to make some money. Facebook said it would not be taking a cut of event fees until August 2021. Apple’s suspension of its 30% fee means that sellers of online events will be able to keep all their earnings, minus taxes.
Australian rescuers were forced Thursday to begin euthanising some surviving whales from a mass stranding that has already killed 380 members of the giant pod.
While 88 pilot whales have been saved since the pod was discovered beached on Tasmania’s rugged western seaboard four days ago, the death toll is expected to rise as the window for rescue closes.
“We still have a few more live animals that we think are going to be viable to move,” said Tasmania’s Parks and Wildlife Service manager Nic Deka, praising the hard “yakka” (work) of rescuers who will continue until nightfall and into Friday.
“There is a likelihood that we’ll be continuing the rescue effort tomorrow… our focus has been on those that appear the most viable and have the most chance of success,” he