GlobalData
GlobalData

Banking

China emerges as safe haven for offshore HNW investors during COVID-19 pandemic, says GlobalData

COVID-19 has altered a lot of long-established patterns and the offshore investment market is not immune to this disruption. As a result, high-net-worth (HNW) investors are increasingly looking for new opportunities. Against this backdrop, mainland China has piqued the interest of offshore investors amid the pandemic, observes GlobalData, a leading data and analytics company. GlobalData’s […]
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Card payments in Singapore to rise by 10.2% in 2021, says GlobalData

Card payments in Singapore are set to rebound and grow by 10.2% in 2021 due to the improving economic conditions, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, with the reopening of businesses, easing of travel restrictions and ongoing COVID-19 vaccination program, the value of card payments is forecasted […]
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Transformation of stock exchanges will be a boon for fintech

The rise of private securities marketplaces is likely to mark the beginning of the end for the national stock exchange monopolies. It will herald a chance for challenger banks and fintech to take advantage of lower funding costs from individual, accredited investors, says GlobalData, a leading data and analytics company. Katherine Long, Banking Analyst at […]
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Mobile wallet payments in South Korea to surpass US$500bn in 2024, reveals GlobalData

South Korea is a well-developed payments market, with consumers preferring cashless payment. While credit cards are the mostly preferred payment method, mobile wallet payments transaction value is expected to reach KRW581.3 trillion (US$503.5bn) in 2024, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Instrument Analytics reveals that the mobile […]
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TSB likely to fall behind competition in race to digitization

Once described as being a ‘real challenger’, it seems that TSB has now become a real challenge itself after reporting a significant £204m loss in the latest results announcements for 2020. The company citing the impact of COVID-19 as the biggest contributing factor makes sense, but the bank has struggled since coming off the Lloyds […]
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N26’s latest results show time is running out for the bank to fix itself

Increasingly up against smaller national players solving local problems and Revolut’s better developed, more aggressive approach, N26 finds itself in a banking no-man’s land that it will find difficult to escape, says GlobalData, a leading data and analytics company. Katherine Long, Banking Analyst at GlobalData, comments: “Though N26 has recently reached seven million customers, its […]
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COVID-19 accelerates e-commerce market growth in Japan, says GlobalData

Japan is one of the most developed e-commerce markets globally and ranks second in Asia, only behind China. The market has registered sustainable growth over the last five years supported by high mobile and online penetration and increasing consumer confidence in online transactions. The growth in the e-commerce has been further accelerated by the COVID-19 […]
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Morgan Stanley and JP Morgan were top M&A financial advisers by value and volume in global financial services sector for 2020

Morgan Stanley and JP Morgan were the top mergers and acquisitions (M&A) financial advisers in the global financial services sector for 2020 by value and volume, respectively. Morgan Stanley advised on 42 deals worth US$147.6bn, which was the highest value among all the advisers. Meanwhile, JP Morgan led by volume, having advised on 50 deals […]
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Pinheiro Neto Advogados and Veirano Advogados were top M&A legal advisers by value and volume in South and Central America for 2020

Pinheiro Neto Advogados and Veirano Advogados were the top mergers and acquisitions (M&A) legal advisers in South and Central America for 2020 by value and volume, respectively. Pinheiro Neto Advogados advised on 14 deals worth US$11.4bn, which was the highest value among all the advisers. Meanwhile, Veirano Advogados led in volume terms having advised on […]
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