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Analyst Opinions
Mass Affluents: Attitudes and Needs in China
Mass affluent populations around the world are growing in size, making them an increasingly important segment for financial providers. These consumers possess more financial products than average, maintain higher levels of savings and investments, and are more likely to use added-value services. This makes them an attractive and profitable segment to target.
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Analyst Opinions
Mass Affluents: Attitudes and Needs in the UK
Mass affluent populations around the world are growing in size, making them an increasingly important segment for financial providers. These consumers possess more financial products than average, maintain higher levels of savings and investments, and are more likely to use added-value services. This makes them an attractive and profitable segment to target.
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Analyst Opinions
Direct vs Fund Investments: HNW Preferences
Globally, 44% of HNW wealth is held via funds as opposed to directly. However, there are significant regional differences when it comes to investment preferences. For example, HNW investors in the US, and to a lesser extent in Western Europe, are significantly more likely to invest in funds than their peers in Central and Eastern Europe, Asia Pacific, and the Middle East. Furthermore, while equity funds prevail across the globe, they are particularly prominent in the West. There are also...
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Analyst Opinions
Preparing for PSD2 and Open Banking
The EU’s Directive on Payment Services 2 (PSD2) will accelerate the fragmentation of Europe’s retail banking industry following the global financial crisis. The opportunities brought about by PSD2 will energize banks with strong brand awareness and advanced digital offerings into pushing the boundaries of open banking. Increased competition from card issuers and non-bank third-party providers will prompt steady mid-cap players to fundamentally evaluate their strategies. Banks that are competing on price may see a future in collaborating with third parties,...
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Analyst Opinions
Wealth in the US: HNW Investors; Understanding HNW investors and wealth management strategies
The US is the largest wealth market in the world, and home to a diverse and sizable HNW segment. As the population continues to age, building ties with younger generations will ensure successful transfers of wealth to beneficiaries. Less than 25% of client investment portfolios are allocated into bond investments, and with less demand expected in the future more pressure is placed on better returns from alternative investments.
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Sector Analysis
Wealth in Malaysia: Sizing the Market Opportunity
The small but fast-developing Malaysian wealth market slowed down in 2015 as global economic trends – particularly weak growth in China and falling oil prices – negatively impacted retail investment values. Fortunately, the market continued to grow and expand as a proportion of the population, and although the heady growth rates of recent years are largely a thing of the past, wealth managers can still rely upon steady expansion within the country’s investor class.
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Sector Analysis
New Entrants: Mapping the Landscape
"New Entrants: Mapping the Landscape", report examines some of the most interesting and significant new entrants in the UK, the US, and Europe. This report is based on interviews with industry figures and secondary research. Market conditions around the world have not historically been particularly friendly to new banking entrants. Stringent regulations have presented formidable barriers to entry, and only a minority of consumers express enthusiasm for banking with new providers. However, regulators in the UK, EU, and elsewhere are...
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Sector Analysis
The Future of Artificial Intelligence in Banking
"The Future of Artificial Intelligence in Banking", report examines the most significant uses of AI in retail banking, in both front-office and back-office implementations. Artificial intelligence (AI) has reached the stage where it is sufficiently advanced and affordable to warrant practical implementation in financial services. Banks are busy exploring ways in which they can harness the power of AI to streamline internal processes and improve the customer experience. This report will explore what AI applications are relevant in banking at...
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Analyst Opinions
Australian Retail Deposits: Forecasts and Opportunities
"Australian Retail Deposits: Forecasts and Opportunities", report examines the retail deposit market in Australia, analyzing how market forces will influence customers' ability and willingness to save, what impact new products, innovations, and strategies will have on the savings market, and consumer attitudes towards saving and personal finance. The retail deposit market in Australia has had years of strong growth, surpassing A$1tn for the first time at the end of 2016. Growth is slowing in the market as under-employment, low wage...
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Company Insights
Competitor Profile: Canadian Imperial Bank of Commerce
CIBC offers a wide range of banking and financial services through its strategic business units. It has launched several in-house innovation hubs, invested in fintech companies, and signed partnerships with technology providers as part of its digital transformation strategy. The bank has also helped to establish various innovation hubs by connecting with fintech companies. It has mostly invested in and partnered with companies that enable it to optimize operational procedures and costs for itself and its business clients. It has...
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