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Track & Monitor
Banking and Payments Venture Capital Investments in Q2 2023
GlobalData's Banking & Payments (B&P) VentureView report provides detailed coverage of the global venture capital investment activity in Banking & Payments industry in Q3 2023, covering key insights and trends.
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Company Profile
Zopa Ltd – Company Profile
Zopa Ltd (Zopa) is a peer-to-peer lending company. It offers online personal finance peer-to-peer lending services. The company provides financing platform that allows lenders and borrowers to deal directly with one another, eliminating any intermediaries such as banks in the process. Its loans include debt consolidation, home improvements, car finance and weddings. Zopa categorizes borrower credit grades and allows lenders to make offers for credit-worthy borrowers and helps borrowers to agree on offered rate. The company mitigates risk for lenders...
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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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Product Insights
UK Consumer Credit 2020: Review, Forecasts, and Future Opportunities
The total consumer credit was valued at GBP240,233 million in 2020 and is expected to grow at a CAGR of more than 5% during the forecast period of 2021-2025. Lloyds Banking Group remained the leader for personal loans with a share of more than 15% in 2020. Lloyds has maintained its market share ranking in each year as it continues to dominate the market. In 2020, credit cards dominated the UK consumer credit by line of credit followed by used...
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Thematic Analysis
Open Banking – Thematic Research
Regulatory and technological developments are driving the introduction of open banking, where consumers will have the power to grant third parties the right to access their account and transaction data. Banks that embrace the concept will be able to become one-stop shops for the best products on the market, crowdsource the development of new services, and generate revenue by selling access to their data and capabilities. • The single biggest factor that will determine the long-term success or failure of...
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Sector Analysis
UK Consumer Credit 2017: Forecasts and Future Opportunities
"UK Consumer Credit 2017: Forecasts and Future Opportunities", report offers five-year gross lending forecasts for all major lines of consumer credit up to 2021, along with a detailed examination of the various demand- and supply-side factors that will determine the market outlook. The rate of growth in consumer credit gross advances, which picked up in 2015, has slowed and year-end figures for 2017 are expected to show growth of 4.6%. Growth will remain moderate throughout the rest of the forecast...
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Analyst Opinions
UK Consumer Credit 2016: Forecasts and Future Opportunities
Consumer credit lending in 2016 will rise by 7%, but growth will slow over the forecast period, with balances outstanding reaching £292.5bn in 2020. Consumer confidence will maintain current demand, despite the uncertainty caused by the UK’s vote to leave the EU in June 2016. Strong competition is increasing the availability of credit but also weakening credit scoring criteria; consequently, there are signs that credit quality is deteriorating. Accommodating monetary policy should mitigate increases in the cost of credit due...
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Sector Analysis
P2P Lending: Responding to Disruption
P2P lending platforms have a 400–425 basis point advantage over traditional banks in loan origination. Retention of customers who have used a P2P platform before is high, with 75% saying they would approach one again when seeking a loan. Fractional lending and alternative credit risk assessments allow platforms to reduce exposure to default and asses risk more accurately than banks. The domination of institutional investors does pose a risk to the sustainability of some P2P platforms.
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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...