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Innovative Approaches To Retail And Banking

Innovative Approaches To Retail And Banking

June 04, 2021 at 04:00PM
by PYMNTS

Target and Walmart, among other retailers, are unveiling their own plans to hold sales to rival Prime Day in June. In outdoors-focused retail, The Explore Fund Council will address what The North Face views as disparities in outdoor exploration. And in banking, a large share of financial institutions (FIs) have either recently invested in artificial intelligence-based systems or plans to do so over the next year. All this, Today in Data.

Data:

2015: The year of Amazon’s first Prime Day.

$7M: The amount of initial funding for The North Face’s Explore Fund Council.

90%: Share of FIs investing in technology to make transactions faster and more accurate.

86%: Portion of medium-sized FIs that intend to invest in AI over the next 12 months.

3: Number of days that “Target Deal Days” will span in 2021.