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Analyst Opinions
Digital Challenger Banks – The Dawn of Profitability
Digital Challenger Banks Market Report Overview Digital-only banks have become commonplace across the world, offering a digital-first approach to banking that focuses on an improved customer experience. Historically, these banks have focused on customer acquisition at all costs, placing doubt on their ability to turn a profit in the long run. However, the tide seems to be changing, with a number of the neobanks examined in this report seeing their first glimpse of profitability. This review focuses on some of...
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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 Insights
iDEAL – Competitor Profile
iDEAL - a market leader in Dutch third-party payment services - was established by payment systems provider Currence in 2005. iDEAL offers online payments for Dutch domestic and international shoppers, enabling them to pay for online purchases directly from their bank accounts. iDEAL also enables consumers to carry out other transactions such as utility bill payments, mobile recharging, and donations. It generates business by offering four types of transactions: domestic ecommerce payments, cross-border ecommerce payments, payments between consumers, and non-ecommerce...
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Analyst Opinions
Digital Banking Trend Analysis – The Quest for Profitability Driving Strategies and Product Development of Digital-Only Providers
Digital Banking Trend Analysis Market Overview Digital banking has entered the mainstream across the globe. Digital banks have gradually become big enough to challenge conventional incumbents in markets including Brazil and South Korea. However, in other markets such as Hong Kong, digital banking is gradually commencing. The digital banking trend analysis market research report provides an overview and analysis of the current state of play among digital-only banks across the world. To achieve this, the business models of 11 digital-only...
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Analyst Opinions
Alternative Payment Solution: TransferWise
TransferWise is a global cross-border money transfer solution. Founded in the UK in March 2010, the solution now enables users to transfer money globally in 49 currencies to recipients’ bank accounts. TransferWise operates on a P2P money transfer model with a network of international accounts around the world. Instead of transferring the sender's money directly to the recipient in the foreign country, TransferWise redirects them to the recipient of another transfer going in the opposite direction, thereby eliminating the need...
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Company Insights
Competitor Profile: Openbank
Openbank is a digital bank that was founded in 1995 as a subsidiary of Santander Group. Originating as a telephone banking service, it has moved into the digital sphere with online banking and a digital app while closing 11 of its 12 bank branches. More recently it has developed its own API software, allowing customers to view aggregated account data from multiple banks that operate in Spain. This report provides information and insights on Openbank, including details of its business...
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Track & Monitor
FinTrack: July 2019
Every month, FinTrack showcases the latest innovations from financial services providers around the world. Each innovation is assessed and rated on key criteria, providing you with valuable insight. The provision of financial services is constantly evolving, with new technology having a particularly significant impact. Innovations such as digital delivery, AI, biometrics, and robo-advice are enabling providers around the world to offer new and improved services to customers that will improve the way they manage their finances. The growing availability of...
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Company Insights
Competitor Profile: Discovery Bank
This report provides information and insight on Discovery Bank, including details of its business and geographical presence; comprehensive coverage of its products and services; a comparative assessment of its peers; and information on its performance, including its key events and milestones. Discovery Bank is a digital bank, launched in 2018 as part of Discovery Limited. The company’s core focus is Vitality Money, which was originally an insurance model. This scheme is designed to improve the financial health of customers by...
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Sector Analysis
Netherlands Retail Banking: Opportunities and Risks to 2023
The Netherlands’ total loan balances outstanding (including credit card balances, personal loan balances and residential mortgage balances outstanding) recorded a CAGR of 0.9% during 2014-18, to reach €737.9bn ($848.1bn) in 2018. The country’s household debt fell within the top 10 countries globally in 2018. The majority of the Dutch loan balances outstanding are from home loans; residential mortgage balances outstanding accounted for 95.5% of total balances outstanding in 2018, followed by personal loans (4.3%) and credit card loans (0.2%). However,...
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Company Insights
Competitor Profile: TransferWise
TransferWise is a global cross-border money transfer solution. Founded in the UK in March 2010, the solution now enables users to send money globally in more than 50 currencies to recipients’ bank accounts. TransferWise operates on a peer-to-peer (P2P) money transfer model with a network of international accounts around the world. Instead of transferring the sender's money directly to the recipient in a foreign country, TransferWise redirects them to the recipient of another transfer going in the opposite direction, thereby...