“In fact, one recent Shopify study that looked at this expedited growth found that during the height of the COVID-19 pandemic, 10 years’-worth of eCommerce growth happened in just 90 days. Yes, you read correctly: in just 90 days.” https://www.google.com/amp/s/www.business2community.com/ecommerce/outsell-your-biggest-competitors-with-these-ecommerce-trends-2021-02374899/amp
Month: January 2021
Equifax to acquire AI fraud prevention specialist Kount
“US-based credit-reporting firm Equifax said it entered a definitive agreement to acquire Kount, a US-based provider of AI-driven fraud prevention and digital identity products for e-commerce retailers, for USD 640 million. Kount said its employees will continue to be based in Boise, Idaho, and will report to Equifax’s US information-products unit. Kount’s software helps retailers…
Build-A-Bear Projects 90-100 Pct Jump In eCommerce Demand
“Build-A-Bear Workshop, Inc. anticipates that eCommerce demand for the fiscal 2020 fourth quarter will jump 90 percent to 100 percent in contrast to the fiscal 2019 fourth quarter, according to a Monday (Jan. 11) announcement.” https://www.google.com/amp/s/www.pymnts.com/news/retail/2021/build-a-bear-projects-jump-in-ecommerce-demand/amp/
2021 Fintech Predictions – Finextra
“With competition reaching critical mass in the banking industry in recent years, agility is essential in being able to compete and drive new products quickly to market. A bank can no longer decide to forgo modernisation and cloud adoption, unless they are open to the risk of becoming overtaken and obsolete. COVID-19 has plunged banks…
South African bank’s approach to chatbots offers lessons for U.S. players
“‘As we moved from Barclays to Absa and introduced the bot across multiple markets, COVID was introduced into the equation, and we’ve been able to support the call centers and alleviate a lot of the congestion,’ he said.” https://www.americanbanker.com/news/south-african-banks-approach-to-chatbots-offers-lessons-for-u-s-players