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Company Insights
HSBC – Digital Transformation Strategies
HSBC Digital Transformation Strategies Report Overview HSBC has been focusing on emerging technologies as a part of its digital transformation strategies. The annual ICT spending of HSBC was estimated at $10.5 billion in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. HSBC is a provider of banking and financial solutions, it offers retail, business, and commercial banking; private banking; and wealth management services through its subsidiaries. Total ICT Spending 2022...
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Company Profile
HSBC Holdings Plc – Company Profile
HSBC Holdings Plc (HSBC) is a provider of banking and financial solutions. It offers retail, business, and commercial banking, private banking, and wealth management services through its subsidiaries. The group’s portfolio of offerings comprises personal and commercial loans, deposit services, mortgages, card products, insurance solutions, asset management, working capital and term loans, payment services, international trade facilitation, merger and acquisition advisory, transaction banking, capital markets, and risk management, investment management, and trusts and estate planning, among others. It has a...
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Company Profile
HSBC Bank Canada – Company Profile
HSBC Bank Canada (HSBC Canada), a subsidiary of HSBC Holdings plc, provides retail and commercial banking, and wealth management services. Its major offerings include checking and foreign currency savings accounts, credit and debit cards, term deposits, mortgage loans, home loans, and personal loans. It also provides mutual funds and capital market products. The bank also offers investment management, cash management, advisory services, capital market, online banking, mobile banking, ATM banking, and payment solutions. It also offers global transaction banking services...
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Sector Analysis
NewMexico Cards and Payments – Opportunities and Risks to 2027
Mexico Cards and Payments Market Report Overview The Mexico cards and payments market size is $157 billion in 2023. The market is expected to achieve a CAGR of more than 13% during 2023-2027. Cash dominates the payment landscape in Mexico. However, with the government and the central bank promoting electronic payments, growing awareness, and a gradual rise in payment card acceptance, consumers are gradually shifting towards electronic payments. The central bank and financial institutions have taken several steps to boost...
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Company Profile
HSBC Bank Malaysia Bhd – Company Profile
HSBC Bank Malaysia Bhd (HSBC Bank Malaysia), a subsidiary of The Hongkong and Shanghai Banking Corp Ltd, offers SME and business banking solutions. Its personal banking solutions comprise accounts, cards, loans, investment solutions, insurance, and digital banking. The bank’s SME and business banking offering includes loans, payment and receipt solutions, foreign exchange, and risk management. HSBC Bank Malaysia also offers wealth management, Islamic banking, and capital market solutions. It caters through a network of branch offices, ATMs, and online portals...
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Product Insights
NewInnovation in Payments – Reward Programs, Payment Loyalty by Region and Consumer Attitudes
Innovation in Payments Report Overview Loyalty programs have developed from a simple, unique premise to complex, omnichannel, and personalized programs. Reward points are a key method providers use to attract new customers. Such programs encourage switching, cross-selling, and retention. Most reward programs are focused on either cashback or points. The innovation in payments report covers the latest innovations by businesses in the payment sector pertaining to reward programs, payment loyalties by region, and consumer attitudes toward loyalty. Furthermore, this report...
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Sector Analysis
NewAustralia Cards and Payments – Opportunities and Risks to 2027
Australia Cards and Payments Market Report Overview The Australia cards and payments market size is $681.7 billion in 2023. The market is expected to achieve a CAGR of more than 7% during 2023-2027. Australians are very comfortable using debit, credit, and charge cards for payments. Â Furthermore, growth in the payments space has been characterized by the rise of contactless payments, growth in debit card usage, and the emergence of digital wallets. Since consumers now have more payment choices, particularly for...
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Analyst Opinions
NewUK Retail Banking Competitor Benchmarking – Financial Performance, Customer Relationships, Customer Satisfaction and Actionable Steps
United Kingdom (UK) Retail Banking Market Report Overview The UK retail banking industry had a good year in 2022 as most banks increased their net interest income and its average net interest margin (NIM) while reducing its cost/income ratio between 2021 and 2022. This report explores both the financial performance of and customer attitudes toward UK retail banks. Key statistics such as total divisional assets and cost/income ratios are provided for all major players, alongside market shares for key products....
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Sector Analysis
NewSingapore Cards and Payments – Opportunities and Risks to 2027
Singapore Cards and Payments Market Report Overview The Singapore cards and payments market size is estimated to be $107.3 billion in 2023. The market is expected to achieve a CAGR of more than 8% during 2023-2027. Consumers are increasingly adopting electronic payment due to the government’s financial inclusion initiatives. Payment cards are the preferred method of electronic payment in Singapore in 2023. In addition, contactless payments have gained mainstream traction due to major banks offering this technology and retailers’ supporting...
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Thematic Analysis
NewMetaverse in Banking – Thematic Intelligence
Metaverse in Banking Market Analysis Report Overview The metaverse is a virtual world where users share experiences and interact in real-time within simulated scenarios. The metaverse brings together a range of next-generation technologies, from cloud computing to artificial intelligence (AI), blockchain, cryptocurrencies, augmented reality (AR), virtual reality (VR), and digital twins. The ability to build new virtual worlds has empowered metaverse developers to shape their platforms' ethos, economics, and transactional mechanisms. Therefore, banking, payment, and insurance companies have a unique...
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Sector Analysis
The Open Championship 2023 – Post Event Analysis
The Open Championship 2023 Analysis Report Overview There were 32 broadcast deals struck for media rights to show The Open 2023 across the world. This year’s Open had 13 brands partnering for the tournament. The Open has lucrative broadcast deals across the globe, with NBC ESPN, RDS, and TSN covering many regions across the Americas. The Open Championship 2023 analysis report provides a detailed overview of the key facts and events which took place in the UK. The report identifies...
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Company Insights
NewRBC Wealth Management – Competitor Profile
Headquartered in Toronto, Canada, Royal Bank of Canada (RBC) Wealth Management is one of the five main business segments of RBC, the largest commercial bank in the country. This segment has five divisions, including the company’s Global Asset Management unit. RBC Wealth Management has 1,950 investment advisors in Canada and 2,100 financial advisors in the US. It also maintains offices in seven other countries. This report provides comprehensive analysis of RBC's wealth management operations. It offers insight into the company’s...
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Sector Analysis
NewFinancial Services (Payments) Sports Sponsorship Landscape – Analysing Biggest Brands and Spenders, Venue Rights, Deals and Case Studies
Financial Services (Payments) Sports Sponsorship Landscape Report Overview There are 1385 deals between sports rights holders and the Financial Services (FS)-payment sector, with these deals estimated annual worth to be $2.5 billion. Sports sponsorship grants financial services firms the opportunity to establish profound connections with expansive audiences and elevate their brand perception and value to new heights. Payments sector companies strategically target branding and activation rights in partnership with sports properties, aiming to attain prolonged exposure and enhance brand recognition,...
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Product Insights
NewUnited Kingdom (UK) Protection Insurance – Income Protection Market
The income protection (IP) market experienced strong growth in 2022, with high demand for the product amid the difficult economic climate, including the cost-of-living crisis. The independent advice channel dominates, with consumers continuing to seek out advice to better understand their coverage needs as well as find the best value option. Insurers have continued adapting and adjusting products during these changing times. Innovations have revolved around consolidating multiple IP products into a single, easy-to-understand product and partnering with protection panels...
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Analyst Opinions
NewUnited Arab Emirates (UAE) Retail Banking Competitor Benchmarking – Financial Performance, Customer Relationships and Satisfaction
In 2022, the majority of banks in the UAE recorded improvements to their net interest margins and cost/income ratios compared to 2021. The top competitors consolidated their position in the market, increasing their share of retail deposits, personal loans, credit cards, and residential mortgages. Abu Dhabi Commercial Bank is the owner of 20% of the current account relationships and is the top competitor for every age group and affluence band examined. This report explores both the financial performance of and...
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Product Insights
NewUnited Kingdom (UK) Protection Insurance – Term Assurance Market
United Kingdom (UK) Protection Insurance – Term Assurance Market Report Overview The term assurance market was valued at GBP542.7 million in 2022 and is expected to record a compound annual growth rate (CAGR) of more than 1% during 2022-2027. The number of contracts will also increase over the same period. However, a decline in contracts is also expected for mortgage-related terms in 2023. This will be due to high interest rates and the cost-of-living crisis, which have deterred individuals from...
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Analyst Opinions
NewCode to Capital – Generative AI Meets Financial Services
Generative AI in Financial Services Report Overview The upsurge in Generative AI (GenAI) centric news, transactions, and company filings within financial services indicates a sector-wide recognition of the technology’s transformative potential. Refining every link in the retail banking value chain, GenAI can amplify personalization, optimize operations, and enhance security, resulting in a holistic transformation of the financial services market. In the front office, Generative AI can facilitate customer interactions across various touchpoints and enable more personalized, efficient user experiences through...
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Sector Analysis
NewBermuda Insurance Industry – Key Trends and Opportunities to 2027
Bermuda Insurance Industry Report Overview The total gross written premium (GWP) in the Bermuda insurance industry was BMD286.6 billion in 2022 and is expected to record a CAGR of more than 6% during 2023-2027. Bermuda’s economy is mainly driven by international business and tourism, which contributed to real GDP growth in 2022. With tighter monetary conditions and lower growth potentially affecting financial and debt stability, it is necessary to deploy macroprudential tools and consider debt restructuring strategies. Bermuda Insurance Industry...
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Product Insights
NewUnited Kingdom (UK) Protection Insurance – Critical Illness Market
United Kingdom (UK) Protection Insurance – Critical Illness Market Report Overview The number of contracts in the UK’s individual protection market declined by 5% in 2022 primarily due to inflation and the cost-of-living crisis that has caused financial constraints for many consumers, making it difficult to afford insurance. The number of contracts in the standalone critical illness market declined by over 4% to 70,600 in 2022. The contracts for critical illness as a rider are much larger than standalone critical...
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Analyst Opinions
Europe Regional Retail Banking Analysis by Consumer Credit, Retail Deposits and Residential Mortgages
Europe Regional Retail Banking Report Overview The low interest rate environment in Europe has kept net interest margins low. However, monetary policy tightening will have likely put an end to this prolonged period, as banks will now be more able to create a spread between deposit and lending rates.  The European Central Bank’s (ECB) projections of the average annual inflation rate suggest that inflation will subside in 2023 but will remain above the 2% target rate until the second half...