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Analyst Opinions
Retail Banking Country Snapshot: Indonesia 2016
Indonesia has a sizable segment that resembles a development stage similar to markets such as Malaysia. Consumers within this segment are very much like those in developed markets, whereby they embrace the convenience brought to banking by digital platforms and are sensitive about price. On the other hand, a significant proportion of the adult population still do not have a bank account. This highlights the massive opportunities that lie ahead in the Indonesian retail banking sector.
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Analyst Opinions
Retail Banking Country Snapshot: Turkey 2016
Turkey has a growing financial services market, enlivened by the innovative approach traditional banks have taken. Ownership of key financial products is widespread, with consumers favoring local providers that have a good reputation. Fintech providers are widely known in the country, though the traditional banks have developed advanced online and mobile services. Usage of branches for more complex interactions endures, though usage of online and mobile services is one of the strongest in the region.
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Analyst Opinions
Retail Banking Country Snapshot: Italy 2016
The market for financial products in Italy is less concentrated than in other countries. With the exception of Intesa Sanpaolo and UniCredit, few providers have a significant market share. Across all products, the branch is still the key acquisition channel, although online is making inroads in the savings market. Mobile banking is still in its infancy, although a few providers are introducing mobile onboarding, and high smartphone ownership rates bode well for future adoption.
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Sector Analysis
The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2021
GlobalData’s 'The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2021' report provides top-level market analysis, information and insights into the Norwegian cards and payments industry, including: • Current and forecast values for each market in the Norwegian cards and payments industry, including debit, credit and charge cards. • Detailed insights into payment instruments including credit transfers, direct debits, check payments, cash transactions and payment cards. It also includes an overview of the country's key alternative payment...
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Analyst Opinions
Insight Report: Competition in Mobile Payments – Apple, Samsung, Android, Alipay and PayPal
This new report provides analysis of the competitive landscape of the global mobile payments industry. In addition to insight on the key business models, the report also analyzes the success factors involved in gaining traction for a mobile payment solution. Furthermore, the report investigates challenges facing participants and the outlook for major competitors in the market.
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Sector Analysis
The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2019
GlobalData’s 'The Cards and Payments Industry in Norway: Emerging Trends and Opportunities to 2019' report provides top-level market analysis, information and insights into Norway's cards and payments industry, including: • Current and forecast values for each market in Norway's cards and payments industry, including debit, credit and charge cards. It also includes detailed analysis of the prepaid cards market. • Detailed insights into payment instruments including credit transfers, cash transactions, checks, direct debits and payment cards. It also includes an...
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Sector Analysis
Retail Banking Market Insights: Denmark
The current account market in Denmark is highly concentrated, with the top three providers accounting for 53%. Just 7% of Danish consumers have switched their current account in the last 12 months, which is well below the global average. These factors make it difficult for new entrants to make inroads in this space. Danish savers are cautious, with around three quarters putting money aside to protect themselves against unforeseen events. This caution is reflected in the strong preference for brands...
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Sector Analysis
Retail Banking Market Insights: New Zealand
The banking sector in New Zealand is concentrated, with the top three providers accounting for 67% of main current accounts. New Zealand consumers tend to choose providers because of an existing relationship. New Zealand savers are cautious, with over half saving to protect themselves against unforeseen events and over a third saving for retirement. New Zealand’s mortgage balances outstanding totaled NZ$0.2tn in 2014, up from NZ$0.16tn in 2008. Around a fifth of consumers in New Zealand have a personal loan....
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Analyst Opinions
Australian Advisors and their Clients
Independent financial advisors (IFAs) still rank as the leading outlet for Australians receiving advice with a 34% share of the market. The growing popularity of self-managed superannuation funds has supported the renewed growth in the number of Australians with ongoing financial advice. Growing affluence and an aging population have supported the growth of advisors’ client base. Older affluent men remain the largest demographic among advisors’ client bases, with all other demographics having lower penetration despite a greater willingness to seek...
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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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