As the Internet of Things expands, new questions are emerging about consumer privacy. New thinking, meanwhile, is evolving around the use of credit card rewards. Onboarding is getting a makeover — along with the question of how much friction is good friction — while APIs are opening the door to open banking.
Data:
25 percent: Share of B2B transactions projected to happen via APIs by 2025.
14 billion: Estimated number of IoT devices expected to be in use by the end of 2019.
96 percent: Share of FIs that use legacy password/username-based authentication.
$1.2 trillion: Expected value of the IoT market by 2022.
$2.75 billion: Projected global demand for smart city solutions by 2025.
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