“According to Avalara and PSFK’s Digital Commerce Playbook, the following trends are shaping the modern customer experience online: Frictionless expectations Convenience culture Value in transparency Prioritizing the checkout experience In fact, a study showed that 63% of online shoppers are more open to sharing personal information if it means brands and retailers can better anticipate…
Month: June 2020
5 DATA SOURCES THAT ECOMMERCE COMPANIES SHOULD EXCAVATE FOR THEIR AI EFFORTS
“Here are five essential data sources that ecommerce companies can use to fuel their AI efforts. BROWSING AND SEARCH HISTORIES INVENTORY AND SALES DATA PAYMENT INFORMATION CUSTOMER REVIEWS SOCIAL MEDIA” https://dataconomy.com/2020/05/5-data-sources-that-ecommerce-companies-should-excavate-for-their-ai-efforts/
How to balance trust and technology in banking
“In a report published last year exploring what the next decade holds for incumbents in the age of digital banking, HSBC suggested that this is a “common myth”, highlighting the growing landscape for collaboration between banks and fintechs and suggesting that ‘we are already in an era of innovative cross business collaboration which many would…
Banks and Insurance Companies Expect 86% Increase in AI-Related Investments Into Technology by 2025, According to New Research by The Economist Intelligence Unit
“The report, “The Road Ahead: Artificial Intelligence and the Future of Financial Services,” conducted by The Economist Intelligence Unit (EIU), analyzes the sentiments of 200 business executives and C-suite leaders at investment banks, retail banks, and insurance companies in North America, Europe, and Asia Pacific. Respondents were clear AI will transform their business in a…
How APIs Can Enable Digital-First Banking Transformations
“This can result in huge windfalls for FIs that take advantage, with some studies estimating those that leverage APIs can see increases in revenue of up to 20 percent more than those that do not. One 2019 report even found that 58 percent of API developers and consumers view standardization as the biggest challenge facing…