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Company Insights
American Express (Amex) – Digital Transformation Strategies
American Express Digital Transformation Strategies Report Overview American Express is leveraging emerging technologies as a part of its digital transformation strategies. The annual ICT spending of American Express was estimated at $2.4 billion in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. American Express (Amex) is a provider of card products and travel-related services. It offers a range of credit cards, charge cards, and other payment and financing solutions to...
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Sector Analysis
Disrupting Retail Banking – The Era of Big Tech
This report provides in-depth analysis into the financial services strategies of technology companies. We look at their paths up until now, the products and services they have developed, their likely next moves, and how effective they will be at displacing the primary account relationship incumbent banks currently hold. The increasing role technology plays in 21st century life has led to the banking sector being the latest industry to be disrupted. This has led traditional incumbent banks to make technology a...
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Company Insights
Fintech Profile: Wealthify
Wealthify provides online investment services to UK residents through a platform that combines robo-investment strategies with human expertise for building and managing personal investment plans for its users.
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Company Insights
Competitor Profile: Monzo
This report provides information and insight into Monzo, including comprehensive coverage of its products and services, comparative assessment with key competitors, information on its performance and revenue model, and important events and milestones. Monzo is a provider of mobile retail and business banking services. By offering retail banking services within a banking app, it enables customers to see all their financial information in an intuitive and engaging way. Monzo partners with a number of different companies to offer a full...
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Company Insights
Competitor Profile: N26
This report provides a comprehensive overview of N26. It looks at the bank’s history from its formation in 2013 through to the present day. The report also considers N26’s performance and looks at its funding. It examines N26’s partners and how the bank is using open banking to imbed their services into its mobile banking app. The analysis compares key aspects of N26 against its competitors and the products and services they provide. N26 is a digital-only bank that is...
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Company Insights
Competitor Profile: Tide
This report provides information and insights on Tide, including details of its business and geographical presence; comprehensive coverage of its products and services; a comparative assessment of its main competitors; information on its performance, including its open banking model; and its key events and milestones. Founded in 2015, Tide’s principle activity is to provide mobile banking to small businesses in the UK. Tide is designed for time-poor business owners who wish to focus on their work rather than their banking...
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Thematic Analysis
COVID-19 Impact on Banking – Thematic Research
This report explores both the opportunities and risks presented by the pandemic in the banking and payments industry.
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Sector Analysis
UK Savings 2019: Review, Forecasts, and Future Opportunities
The UK savings market has been characterized by a mixture of factors during 2019. Lower GDP and higher real wage growth have created a willingness and ability to save. Similarly, uncertainty over Brexit has led to a flight to safety from stocks and shares ISAs into cash ISAs. In terms of Net Promoter Score (NPS), First Direct leads the way, Nationwide has steadily fallen since 2017, and TSB collapsed in 2019. Meanwhile, new entrant Marcus by Goldman Sachs (Marcus) plans...
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Sector Analysis
UK Retail Banking: Opportunities and Risks to 2023
The UK’s total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) recorded a compound annual growth rate (CAGR) of 3.3% during 2014-18 to reach £1,626.6bn ($2,075.6bn). The majority of loan balances outstanding are from home loans, with residential mortgage balances outstanding accounting for 86.7% of total balances in 2018, followed by personal loans (8.8%) and credit cards (4.5%). However, uncertainty on account of Brexit and its impact on the economy will affect the...
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Company Insights
Competitor Profile: bunq
bunq is a digital-only bank available to residents in the European Economic Area. The bank is squarely targeted at digital-savvy millennials, offering personal financial management tools and low-cost, convenient services. bunq is also a strong advocate of social responsibility, pursuing ethical and sustainable investments as well as encouraging customers to play a part in deciding where it invests. This report provides information and insights on bunq, including details of its business and geographical presence; comprehensive coverage of its products and...