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Following today’s (7 March 2019) release of Aviva’s preliminary results for 12 months ended 31 December 2018, Ben Carey-Evans, Insurance Analyst at GlobalData, offers his view: “Aviva’s 2018 preliminary financial report released today indicates that its UK business performed strongly over the year. A key highlight is that its operating profit in the UK increased […]
The UK is shifting towards a cashless society as 62% of consumers use contactless
The rapid rise in contactless payments in the UK means that the UK is shifting towards a ‘cashless society’, says GlobalData, a leading data and analytics company. According to GlobalData’s 2018 Consumer Payments Insight Survey, 62% of the 4,000 respondents surveyed in the UK have a contactless card and use it for contactless payments. This […]
Western markets will not follow Japan’s lead on blockchain payments
Following the news that Japan’s Mitsubishi UFJ Financial Group is launching an open payment network built on the blockchain in 2020, Sam Murrant, Senior Payments Analyst at GlobalData offers his view: “Where it has been adopted by major banks at all, blockchain tends to be relegated to cross-border transactions as a means of cutting through […]
Over half of all UK bank customers prefer simple day-to-day balance alerts to sophisticated AI or robo assistance tools, says GlobalData
The majority of UK banking customers prefer day-to-day assistance with existing personal financial management (PFM) tasks like simple balance alerts, rather than more sophisticated financial planning tools such as robo-advisors or AI-driven virtual assistants, according to GlobalData, a leading data and analytics company. Image for publication: Click link for UK banking heat map The company’s […]
Millennials to drive the rise of digital mortgage brokers, taking market share from incumbents, says GlobalData
Incumbent mortgage brokers such as John Charcol and Countrywide will face a strong challenge to their market shares over the next five years from digital hybrids after 57% of millennials stated that if they were applying for a mortgage today, they would choose a digital channel, says GlobalData, a leading data and analytics company According […]
All top 25 global economies set for growth in 2018
All of the top 25 global economies are set for growth in 2018, achieving an average growth rate of 2.8%, according to recent forecasts by , a leading data and analytics company. The top 3 fastest growing economies will be India, China and Indonesia, respectively. India’s GDP growth rate of 7.4% is being driven by […]
Asia-Pacific presents growth opportunities for UnionPay, says GlobalData
China UnionPay (UnionPay), which has been depending on card acceptance for international expansion, has shifted its strategy towards card issuance outside its domestic market. Against this backdrop, Asia-Pacific region presents UnionPay a lot of opportunities for future growth, says leading data and analytics company . According to data from UnionPay, the Chinese financial services company […]
Is bitcoin the new alternative investment or a bubble ready to burst?
The surge in bitcoin prices means that the cryptocurrency’s market valuation has now crossed * $75bn. Bitcoin prices have already quadrupled since the start of 2017, with a single bitcoin surging from a value of $1,000 in January to more than $4,760 in August. In their latest analysis of the global cryptocurrency value chain , […]
The importance of megacities in the contemporary economy
As the urban population continues to increase, there is a significant increase in the number of ‘megacities’ on the planet. GlobalData’s latest city data reveals that in 2025 there will be 41 megacities globally, including 12 in China and six in India.