“32% strongly agreed with the statement: “Unlocking value from AI will be the key differentiator between winning and losing banks.” 83% of institutions agreed or agreed strongly that platformification of products, so that consumers and businesses can obtain numerous financial services through a single source functioning as a market, would be a key strategy in…
Month: June 2020
How artificial intelligence and augmented reality can put a dent in return rates
“Consumers return 30% of ecommerce purchases and a study from Shopify reveals that 40% of consumers buy variations of a product online intending to send back most of the order.” https://www.google.com/amp/s/www.digitalcommerce360.com/2020/06/08/how-artificial-intelligence-and-augmented-reality-can-put-a-dent-in-return-rates/amp/
The Retail Pivot: How Retailers Have Adapted Through Digital Transformation
“Prior to the pandemic, ecommerce sales already represented the bulk of overall retail sales growth in the U.S.—$600 billion in online sales accounted for 56% of overall retail growth in 2019. Between March 23 to March 30, ecommerce marketplaces saw a 14% increase in volume, according to data from the Forter Global Merchant Network. Key…
Digital Banking Moves To Forefront Of VC Efforts
“Varo Money stole the spotlight this week with a $241 million funding raise. Papaya Global announced additional funding from Group 11 Lili announced $10 million in seed funding this week for its platform designed specifically for freelancers. Beacon made headlines thanks to high-profile investor Jeff Bezos participating in the round Keevlar offers a Software-as-a-Service (SaaS)…
Why Banks Will Need Microservices In The Post-Pandemic World Of Digital Banking
“‘How do you communicate with those same consumers who are now one step removed from you? And when they do come in, how do you accommodate the ‘new normal’ of consumer demand?’ In a hyper-competitive and digital environment, he told PYMNTS, FIs need to partner with additional third parties for “microservices.” ‘Micro applications can quickly…