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Innovation Ranking
NewInnovation Ranking – NatWest Group Plc
NatWest Group Plc (NatWest) is a provider of personal and commercial banking, and other financial solutions through two major subsidiaries: The Royal Bank of Scotland and NatWest. Personal banking consists of accounts, cards, loans and mortgages, insurance, investment, and private banking solutions Business banking includes cards and payments, business loans and finances, business support, and international finance. Some of its other brands include Ulster Bank, Coutts, Drummonds, NatWest, Isle of Man Bank, Holt’s, Lombard, and RBS International. It also offers...
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Analyst Opinions
NewUnited Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Bancassurance Distribution Market Overview Bancassurance represents a strategic alliance between banks and insurance companies, designed to offer customers the convenience of purchasing insurance products in conjunction with banking services. The banking channel accounts for the highest share of total personal and commercial lines distribution in 2023. App purchases through the bank channel increased with no other channel recording a higher proportion of purchases via apps. This could be because of banks’ intensified focus on digitalization, resulting in...
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Company Insights
Innovation and Patenting activity of NatWest Group Plc Q4 2023
GlobalData, the industry analysis specialist, has released its latest company patent databook "Innovation and Patenting activity of NatWest Group Plc Q4 2023". The databook highlights patenting activity of the company in terms of growth in filings and grants, regions protected, impact of various themes, sector applicability of technologies protected. It provides contextual analysis of technical peers, their strategy, dominance (Grant share) and their recent activities. This is an on-demand databook that will be delivered upon request. The report will be...
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Product Insights
NewUnited Kingdom (UK) Travel Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Travel Insurance Market Report Overview The UK travel insurance market research report offers insights into consumer purchasing decisions within the travel insurance scenario and discusses their influence on the market over the next few years. In 2023, more than 24% of travel insurance purchases were via PCWs, which suggests that consumers want more details from their providers about their coverage levels, policy options, and premium pricing. Additionally, single-trip policies maintained their popularity during the year Leading Distribution...
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Analyst Opinions
NewUnited Kingdom (UK) Personal Lines Insurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Personal Lines Insurance Market Report Overview The direct channel was the preferred choice for personal insurance purchases in the UK in 2023. Consumers are increasingly opting for online insurance purchases driving insurers and distributors to continue enhancing their online capabilities. Consumers prioritize affordability and trustworthiness when selecting an insurance provider, regardless of distribution channel. Hence, across all lines of distribution, the primary factors influencing consumers’ choice is either related to the cost of premiums or the provider’s...
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Thematic Analysis
NewStrategic Partnerships in Fintech – Thematic Intelligence
Strategic Partnerships in Fintech Thematic Report Overview Strategic partnerships for fintech companies can include traditional vendor relationships, new niche fintech partners, big tech partners, and/or bank-as-a-service of distribution arrangements with firms outside of financial services. The right partnership can deliver overnight scale via access to new markets or customers or neutralize a disintermediating threat.Moreover, working with proven partners and business models for distribution or as a tech partner will be more attractive. The ‘strategic partnerships in fintech’ thematic intelligence report...
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Thematic Analysis
NewSocial Media in Banking – Thematic Intelligence
Social Media in Banking Thematic Report Overview Social media companies will increasingly diversify away from their ad-funded business model in the face of increased regulatory scrutiny. Social media in banking thematic report maps out the prospects of social media giants for a deep assault on financial services, and how incumbent banks might respond. The report shares findings from GlobalData’s 2023 Financial Services Consumer Survey, which covers consumer openness to a wide variety of different types of financial services from different...
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Analyst Opinions
NewInnovations in Accounts and Cash Management – Trends, Drivers and Opportunities, 2024
Reasons to buy the ‘Innovations in Accounts and Cash Management’ report: Track competitors’ innovations to gain an advantage within the market. Identify factors affecting consumer spending and wealth management. Discover the factors driving savings and investment platforms.  How is our ‘Innovations in Accounts and Cash Management’ report unique from other reports in the market?  This report provides an overview of innovations within multiple retail banking and wealth management markets with specific applications on Savings Accounts and Cash Management.  The report...
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Sector Analysis
United Kingdom (UK) Cards and Payments – Opportunities and Risks to 2027
UK Cards and Payments Market Report Overview The annual value of card transactions in the UK cards and payments market was $1.3 trillion in 2023. The value is expected to grow at a CAGR of more than 5% during 2023-2027. Fintech companies are offering international P2P payment platforms to cater to the rising demand for cross-border payments. For instance, in March 2023, Brightwell partnered with Visa to enable users to make international money transfers. UK Card Transactions Outlook, 2023-2027 ($...
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Analyst Opinions
Key Payments Trends for 2024
Exploring trends and insights from the ‘Payments Trends’ report will help you: Identify the top trends impacting the payment industry - mobile payments, social commerce, alternative solutions, AI, open banking, and blockchain. Analyze the leading trends in the industry and learn how they provide fast and frictionless user experiences. Understand each trend in detail to gain a competitive advantage in the market. Identify factors driving the growth of the payments landscape, including super apps, mobile payments, and blockchain. Understand the...