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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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Thematic Analysis
Demographics in Banking – Thematic Intelligence
Demographics in Banking Thematic Report Overview Demographic mega-trends around birth rates, migration, and aging are intersecting with rising geo-political tensions, de-globalization, inflation, and a host of other social will have profound implications for the development of financial services across the value chain. The demographics in the banking theme report offer a comprehensive analysis of the demographics framework, key trends shaping the demographics, and insights about the key players in this theme. Key Trends ·       Technology Trends ·       Macroeconomic and Social...
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Sector Analysis
Russia Cards and Payments – Opportunities and Risks to 2027
Russia Cards and Payments Market Report Overview The annual value of card transactions in the Russia cards and payments market is estimated to be $1.9 trillion in 2023 and is expected to grow at a CAGR of more than 9% during 2023-2027. Debit cards dominate the overall payment card space, accounting for over 96% of total card payment value in 2023. This can be attributed to the growing preference for card-based payments for low-value transactions. Furthermore, a booming e-commerce market,...
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Thematic Analysis
Small Medium Enterprises (SME) Banking – Thematic Intelligence
Many new digital banks capitalized on the pandemic to dramatically increase small- and medium-sized enterprise (SME) lending and account penetration. SMEs typically have complex, variable, and evolving needs, which are difficult to meet by a single provider all the time. Additionally, e-commerce platforms and accounting software providers offer extensive SME support to enable open ecosystems. The SME Banking thematic intelligence report provides a briefing on the theme with a detailed analysis of market opportunity, and factors driving its development and...
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Thematic Analysis
Personalization in Banking – Thematic Research
Highly personalized interactions are being used by banking and other financial institutions to identify customer preferences and financial needs through notifications, pop-up reminders, and personalized emails to increase customer engagement. Banks that do not offer customized services create a perception among consumers that all banks are the same and treat customers the same; therefore, they risk getting pushed down the value chain. Customized financial products show that the bank is customer-centric. According to a recent GlobalData survey, half of all...
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Thematic Analysis
Cybersecurity in Banking – Thematic Research
Cybersecurity in Banking Report Overview Cybersecurity in banking has become more important than ever as the rapid evolution of digital banking has resulted in customers finding it more convenient to manage their finances through online channels, exposing banks and financial institutions to increased levels of cyber threats. The impact of cyberattacks on financial institutions can be catastrophic, so innovation will be needed to counter the continuously evolving cyber threat landscape in the retail banking sector, which includes both channel shifts...
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Thematic Analysis
Data Privacy in Banking – Thematic Research
Data underpins and enriches all aspects of a service or product in retail banking, whether optimizing channel interactions, personalizing risk assessment (across credit, market, and operational), or helping customers make better financial decisions. Data is also critical to the development of transformative new technologies such as artificial intelligence (AI), big data, and the Internet of Things (IoT). The data privacy in banking thematic intelligence report provides a comprehensive overview of various types of privacy-enhancing technologies such as encryption, anonymization, and...
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Thematic Analysis
Digital Lending – Thematic Research
Digital lending as a whole experienced a contraction amid the pandemic. Subsequent analysis looks at market share evolution from 2016 to 2020 in five key markets (the UK, Australia, Hong Kong, the US, and Spain) and growth prospects based on consumer survey data regarding channel preference and provider preference in those same markets. Some of the key players in the digital lending industry include Rocket Mortgage, Wells Fargo, Affirm, Klarna, GreenSky, Funding Circle, LendingClub, Prosper, Zopa among others. The critical...
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Thematic Analysis
Open Banking 2021 – Thematic Research
Open banking creates a multidimensional view on what the core value in banking is. No longer just interest-bearing products, but data, technology; and not just to end users, but to businesses, new entrants, and other banks. The ability to disaggregate component pieces of value, and to distribute them in multiple forms, becomes a core competency in the open banking era. Financial services regulators around the world are increasingly concerned with promoting competition and innovation in banking, reducing barriers to entry,...
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Thematic Analysis
Alternative Financial Credit Scoring – Thematic Research
Alternative lenders and big tech have developed fundamentally new approaches to credit assessment, incorporating a wider variety of data sources such as history of utility bill payments, rent payments, repayments to payday lenders, social media data, browsing and search history, employment history, educational background, and even psychometric testing. This report explores the alternative approaches to credit scoring that are being deployed in the financial services industry.