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Innovation Ranking
NewInnovation Ranking – Westpac Banking Corp
Westpac Banking Corp (Westpac) is a provider of personal, private, business, and corporate banking solutions. Its portfolio of products consists of accounts, cards, life and non-life insurance, personal and business loans, mortgages, overdraft facilities, banking supportive solutions, and financing and leasing. Westpac provides retirement planning, advisory, merchant solutions, foreign exchange, industry-specific banking, capital advisory, transaction banking, and financial market solutions. It operates through a network of branch offices, ATMs, representative offices, and online portals and serves retail, commercial, government and...
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Company Insights
Innovation and Patenting activity of Westpac Banking Corp Q4 2023
GlobalData, the industry analysis specialist, has released its latest company patent databook "Innovation and Patenting activity of Westpac Banking Corp 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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Company Insights
Westpac Banking Corporation – Digital Transformation Strategies
Westpac Digital Transformation Strategies Report Overview Westpac uses cloud technologies as a part of its digital transformation strategies. The annual ICT spending of Westpac was estimated at $1.7 billion in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Westpac Banking (Westpac) is a provider of personal, private, business, and corporate banking solutions. Its portfolio of products consists of accounts, cards, life and non-life insurance, personal and business loans, mortgages, overdraft...
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Sector Analysis
New Zealand Cards and Payments – Opportunities and Risks to 2027
New Zealand Cards and Payments Market Report Overview The annual value of card transactions in the New Zealand cards and payments market is estimated to be $65 billion in 2023 and is expected to grow at a CAGR of more than 4% during 2023-2027. The New Zealand cards and payments market research report provides a detailed analysis of market trends in the New Zealand cards and payments industry. It provides values and volumes for several key performance indicators in the...
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Analyst Opinions
New Zealand Retail Banking Competitor Benchmarking – Financial Performance, Customer Relationships and Satisfaction
New Zealand Retail Banking Market Report Overview All banks in New Zealand improved their profitability in 2022, with 2023 having a more mixed outlook due to rate-induced recession. Despite the turbulent property landscape in New Zealand, all banks experienced growth in their TDA and net interest income. The highest level of concentration in the New Zealand retail banking sector continues to be held by the top four providers. Although New Zealand is known for having a significantly high market concentration,...
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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...
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Analyst Opinions
Advanced Biometrics – Emerging Trends and Technologies in Authentication
Advanced Biometrics Trend Analysis Report Overview Biometrics is the practice of using unique physical or behavioral traits for identification and authentication purposes. Its usage has been increasing day by day. Fingerprint recognition, voice recognition, facial recognition, palm recognition, iris recognition, and behavioral biometrics are some of its key modalities. For instance, iris recognition is often used in high-security applications such as border control and access to secure facilities. The "Advanced Biometrics - Emerging Trends and Technologies in Authentication" report offers...
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Analyst Opinions
Australia Retail Banking Competitor Benchmarking – Financial Performance, Customer Relationships and Satisfaction
Australia Retail Banking Market Report Overview Rising rates in 2022 resulted in many banks’ assets increasing, thereby leading to decreased interest margins. Financial indicators improved more for smaller banks than for the big four (Australia and New Zealand Banking Group (ANZ), CommBank, National Australia Bank (NAB), and Westpac). However, the Big Four’s dominance is still very strong across all products (deposits, loans, mortgages, and credit cards), age groups, and affluence bands. Market shares are the least concentrated among personal loans,...
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Thematic Analysis
Retail Banking Sector Scorecard – Thematic Intelligence
Retail Banking Sector Scorecard Thematic Intelligence Report Overview The retail banking sector scorecard includes a variety of traditional financial services providers, including global banks, national banks, regional banks, and building societies/mutuals. including global banks, national banks, regional banks, and building societies/mutuals.The retail banking sector scorecard thematic intelligence report identifies the 10 most disruptive themes that will drive market performance in the next 12 months. Generative AI (Gen AI) is a subset of AI that exploded into the mainstream following the...
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Sector Analysis
Australia 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...