Businesses are facing greater pressure to provide robust, digital know your customer (KYC) checks and other security measures amid increased interest in mobile onboarding. In banking, credit unions (CUs) are embracing digital services without losing sight of their roots. And in retail, Dunkin’ and Starbucks are revamping their reward programs. In addition, the partnership between Kohl’s and ALDI might make sense by the numbers. All this, Today In Data.
Data:
68 percent: Share of consumers who said they would likely shop both sides of a combined ALDI-Kohl’s store in the same trip.
50 percent: Share of surveyed financial institutions (FIs) that say controlling costs is an issue during the onboarding process.
41 percent: Approximate share of new account openings for Consumers Credit Union that stem from digital channels.
25: Number of stars consumers can redeem for a dairy substitute, additional flavor or espresso shot under Starbucks’ revamped rewards.
$23 billion: Expected value of the identity and access management technologies market by 2025.
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