-
Company Insights
NewBarclays Plc – Digital Transformation Strategies
Barclays Digital Transformation Strategies Overview Barclays has been investing in emerging technologies over the years to improve efficiencies, product offerings, and streamline operations. AI, big data, cloud, and blockchain are among the key technologies under focus for the company. The annual ICT spending of Barclays was estimated at $1.1 billion in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications from vendors. Barclays Plc (Barclays) is a global financial services provider...
-
Company Insights
NewMorgan Stanley – Digital Transformation Strategies
Morgan Stanley Digital Transformation Strategies Overview Morgan Stanley is utilizing AI and machine learning to improve its wealth and asset management operations and other operational processes. AI, big data, cloud, and blockchain are among the key technologies under focus for the company. The annual ICT spending of Morgan Stanley was estimated at $4.6 billion in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications from vendors. Morgan Stanley is utilizing AI...
-
Company Insights
NewUBS Group – Digital Transformation Strategies
UBS Group Digital Transformation Strategies Overview UBS uses emerging technologies as a part of its digital transformation strategies. The annual ICT spending of UBS was estimated at $1.1 billion in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. UBS Group (UBS) is a provider of wealth management, banking, asset management, and investment banking solutions. The UBS Personal & Corporate Banking product portfolio consists of financing and investing as...
-
Company Insights
Bank of America – Digital Transformation Strategies
Bank of America Digital Transformation Strategies Overview Bank of America Corporation (BofA) has been leveraging artificial intelligence, blockchain, digital payment technologies, and robotic process automation to digitally transform both its front and back-office operations. The annual ICT spending of BofA was estimated at $5.8 billion for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Bank of America offers a wide range of financial products and services to retail customers,...
-
Company Insights
Singapore Exchange Limited – Digital Transformation Strategies
SGX Digital Transformation Strategies Report Overview Singapore Exchange Limited uses emerging technologies as a part of its digital transformation strategies. The annual ICT spending of SGX was estimated at $53.6 million in 2022. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Singapore Exchange Limited (SGX) is a financial market “infrastructure,” operating equity, derivatives, and fixed-income markets. It offers trading, listing, settlement, clearing, depository, and data services, with approximately 80%...
-
Company Insights
Travelers – Digital Transformation Strategies
Travelers Digital Transformation Strategies Report Overview Travelers has been focusing on using data analytics, virtual reality, artificial intelligence, and the cloud to digitally transform its operations. The annual ICT spending of Travelers was estimated at $770 million for 2023. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Travelers is an insurance company that offers a range of commercial and personal property and casualty insurance products and services. It provides insurance products...
-
Company Insights
State Street – Digital Transformation Strategies
State Street Digital Transformation Strategies Report Overview State Street has been banking on emerging technologies such as blockchain, big data, and AI to enhance operations and improve customer service. The annual ICT spending of State Street was estimated at $2.7 billion in 2022. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. State Street Corporation (State Street) is a financial holding company based in the US. It offers a wide variety of...
-
Analyst Opinions
France Wealth Management – HNW Investors 2021
Financial services and healthcare are the key industries for HNW wealth generation followed by construction & engineering, real estate, tech & telecommunication, transport and logistics, retail, fashion & luxury, FMCG, hotels restaurants and leisure, media, diversified, government, basic materials, and energy & utilities. A stellar investment banking performance throughout the year helped boost the revenue and profits of banks during 2021. In addition, a sustained recovery in French retail banking since Q2 2021 and lower risk financing costs also contributed...
-
Company Insights
Competitor Profile: Bank of America Wealth Management
This competitor profile provides a comprehensive analysis of Bank of America’s private banking and wealth management operations. It offers insights into the company’s strategy and financial performance, including key data on assets under management (AUM). Customer targeting and service propositions are covered, as are product innovation and marketing activities. Bank of America operates through four business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Merrill (formerly Merrill Lynch Wealth Management) and Bank of...
-
Sector Analysis
Italy Wealth Management – Market Sizing and Opportunities to 2025
The Italian resident retail savings and investments market was $2,240.56 billion in 2020. The market is expected to grow at a CAGR of more than 3% during the forecast period 2021-2025. Italy’s affluent segment (covering HNWs and mass affluents) accounted for just 15.1% of the total population and held 86% of the country’s total onshore liquid assets in 2020. The majority of the affluent segment holds their wealth in deposits and bonds, indicating their preference for safe-haven assets. Therefore, as...