The Digital Shift In Retail And Banking

By  |  December 9, 2020
 | 
The Digital Shift In Retail And Banking

IKEA is formally saying farewell to its printed catalog after a seven-decade-long run as the furniture retailer has reportedly seen its digital sales spike, while David’s Bridal has rolled out the first rewards program in its history. In authentication, a number of financial institutions (FIs) are aiming to streamline and secure their onboarding procedures while letting clients remain safe amid COVID-19. Video-based know-your-customer (KYC) initiatives are especially promising in this regard. All this, Today in Data.

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    Data:

    200: Number of catalogs IKEA distributed worldwide at its peak four years ago.

    $167: Amount per person that U.S. advertisers spend on direct mail for every $2,095 worth of goods sold.

    90%: Amount of wedding venue space that is booked from April through October next year.

    57%: Share of consumers who interact digitally with their FIs and have increased their use of digital channels.

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    5.2M: Minimum number of applicants who used Acesso Digital’s facial biometrics service to validate credit applications in September.


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