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Fewer than Half of Consumers Trust Companies by Default: Morning Consult Report

This Morning Consult report takes a more nuanced view of consumer motivations, finding that 40% had abandoned a brand due to quality, service, or pricing issues while 25% have dropped a brand due to privacy or social concerns.  Fewer than half (47%) assume companies are trustworthy until they do something wrong while 37% require a customer to earn their trust from the start.  Read on for fascinating differences by industry, country, and profession.

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Three-Quarters of Consumers Will Share Biometrics to Secure Their Bank Account: FICO Survey

April 23, 2021

Consumers’ demand for convenience extended to financial services as well, FICO research found.  While 41% are more likely to open an account using digital channel, 25% will actually abandon the process if they have to use a non-digital channel to complete the process.  Concern about identity theft is so high that 75% will provide their bank with a biometric such as facial scan, fingerprint or voiceprint to secure their account.

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ActiveCampaign Raises $240 Million for Marketing Automation

April 22, 2021

You haven’t been terribly interested in funding announcements recently, Dear Reader. But surely you’re intrigued that marketing automation vendor ActiveCampaign just raised $240 million at a valuation of more than $3 billion. That’s close to 20x its $165 million annual recurring revenue, which is nearly double the $90 million it had one year before. Apparently marketing automation isn’t quite a commodity after all.

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