article thumbnail

AI Takes The Measure Of Fashion Retailing

PYMNTS

The ongoing pandemic (COVID) has forced the fashion industry to vamp up the technologies which can make people safer as well as give [customers] an enriching experience. That has led to the growing need for designers and retailers to personalize shopping experiences, and that’s the sweet spot for AI. percent clip from 2020 to 2026.

Retail 165
article thumbnail

Today In Data: Challenges And Advancements In Smart Technology

PYMNTS

The smart technology field continues to be hampered by security issues even as solutions in the space are put to use in many cases. In pet technology news, Pawscout is helping owners find their wayward pets with a Bluetooth-enabled tag as pet retail becomes a fierce battleground. All this, Today In Data. All this, Today In Data.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can Real Estate Provide A Lifeline for Physical Retail?

PYMNTS

Might Macy’s be a better landlord than retailer? have been hurt as shoppers make more purchases online, forcing retailers to think of ways to either downsize their footprints or repurpose their stores. The year got off to a bumpy start for the retail chain, as holiday sales slumped when they were supposed to soar. Macy’s Woes.

Retail 122
article thumbnail

Google Cloud, Nokia Join Forces On Cloud-Native 5G Products

PYMNTS

The companies plan to develop solutions that combine Nokia’s 5G operations and networking capabilities with Google Cloud’s AI, ML and analytics technologies. Under the development partnership, Nokia will provide its voice core, cloud packet core, network exposure function, data management, signaling and 5G core technologies.

Google 156
article thumbnail

Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.

Industry 471
article thumbnail

Today In Data: Digital Banking Cybersecurity

PYMNTS

With new risks come new solutions, and banks are taking this approach to data security: They are adopting technologies such as biometric authentication to protect sensitive information. billion: The projected size of the global banking cybersecurity market by 2026. Data: $248.26

Data 153
article thumbnail

Digital Payments Advance In India And Africa

PYMNTS

Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. In Kenya, banks are pursuing regulatory approval to use distributed ledger technologies (DLTs) to facilitate payments and create credit scoring models.

Payments 132