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