Digital Approaches To eCommerce And Banking

By  |  September 11, 2020
 | 
Digital Approaches To eCommerce And Banking

Online shopping technology firm BigCommerce reported double-digit total revenue growth in the second quarter as it invested in its software-as-a-service (SaaS) platform. In digital onboarding, a number of financial institutions (FIs) are looking for new and engaging identity verification methods. And in fraud prevention, credit unions (CUs) and banks are working to accurately and cost-effectively find wrongful chargebacks. All this, Today in Data.

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    Data:

    $175.8M: Approximate net proceeds for BigCommerce from its initial public offering.

    70%: Share of consumers who don’t mind providing standard personal information to their financial institutions.

    $0.38: BigCommerce’s non-GAAP net loss per share in Q2.

    33%: BigCommerce’s total revenue growth in Q2.

    $1B: Projected amount chargebacks will cost U.S. card issuers by 2023.


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