E-Commerce Minute

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E-Commerce Minute: Friday -- June 8, 2018

The E-Commerce Times -- E-Business Means Business
http://www.ecommercetimes.com
Part of the ECT News Network

Headline Scan
Challenger Banking Picks Up Steam
The CLOUD Act's Dramatic Impact on International Privacy Laws
SAP Discovers CRM

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Today's Story Highlights

Challenger Banking Picks Up Steam
No-fee mobile bank Chime recently announced a $70 million Series C
funding round led by Menlo Ventures. With the Series C funding, the
company has raised more than $100 million in total funding. Investors
seem to have confidence in Chime's business model because "it's very
clean with extremely low overhead," remarked Rob Enderle, principal
analyst at the Enderle Group.
http://www.ecommercetimes.com/story/85380.html

The CLOUD Act's Dramatic Impact on International Privacy Laws
Just when the European Union's General Data Protection Regulation, or
GDPR, was about to go into effect, the United States Congress created
the CLOUD Act. Without any public hearings, review or public comment,
Congress passed the legislation as part of the $1.3 trillion government
spending bill. The CLOUD Act changed the privacy provisions that
previously were in effect.
http://www.ecommercetimes.com/story/85374.html

SAP Discovers CRM
SAP has unveiled a new attempt to consolidate a group of about a dozen
front office apps into a fully integrated CRM suite -- next year. How do
you say "lipstick on a pig" in a non-derogatory way? Look, CRM is over
20 years old now. For most of the early days, the vendors scrambled to
integrate their apps into a coherent whole, supporting multiple
customer-facing processes.
http://www.ecommercetimes.com/story/85378.html

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