Today in Data, new research shows a broad number of consumers showing interest in digital-only banking. Data 55%: Share of financial accounts opened digitally with data access in the last year 27%: Portion of consumers who hold accounts with banks that maintain an online-only presence...
Today in data, cryptocurrency investors want their money now before their digital currencies lose even more value. Also, Coinbase slashes its workforce with another “crypto winter” on the horizon, and layoffs grow for crypto companies that advertised in Super Bowl LVI. Data 18%: Share of...
Today in data, inflation and high gas prices bring the University of Michigan Survey of Consumers’ consumer sentiment to its lowest point on record. Data 60%: Increase in gas prices between May 2021 and May 2022 50.2: Consumer sentiment in June, down from 85.5 in...
Today in data, new inflation numbers reflect the increasing cost of paying for food and gasoline. Data 20.5%: Projected increase in the price of eggs for the year, according to the U.S. Department of Agriculture 8.6%: Increase in consumer prices in May $5: Average price...
Today in data, Google makes a big investment in Latin America amid that region’s ongoing digital transformation. Data $175B: Projected value of digital transactions in Latin America by 2025, up from its current level of $100 billion $1.2B: Google’s investment in Latin America, which includes...
Today in data, companies continue investing in buy now, pay later (BNPL) services, even as signs of trouble emerge in that sector. Data $7.5B: Size of the BNPL market in Great Britain, where digital bank Zola has just launched its own installment payment product 925%:...
With identity fraud on the rise, companies are scrambling to adhere to new regulations dealing with data privacy and verification. Data $23B: Losses from identity fraud in the U.S. in 2021, a 79% increase from 2020 15M: Number of people affected by identity fraud in...
Today in data, new research shows that nearly half of small to middle-market businesses are avoiding onboarding new clients due to worries about fraud. Data 47%: Share of companies that have chosen not to bring on new clients due to fraud concerns 12-13: Average number...
Today in data, a majority of digital banking customers in the U.S. say they value security more than convenience. Data 282%: Rise in account takeover fraud (ATO) incidents last year 22%: Share of U.S. consumers who say they are not confident in their banks’ ability...
