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Sector Analysis
Australian Retail Deposits: Forecasts and Opportunities
The Australian retail deposit market clocked up stronger growth in 2018 following a deceleration in 2017 and is now valued at A$1.1tn. The market has posted most of its growth in the instant access categories rather than term deposits, though the latter remains the second most important store of savings for Australians after superannuation. While the net savings rate of the household sector is in long-term decline, deposits are expected to retain their draw. The only blip in its forecast...
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Company Insights
Competitor Profile: Hello bank!
This report provides information and insights on Hello bank!, including details of its business and performance; comprehensive coverage of its products and services; a comparative assessment of its main competitors; and key events and milestones in the company's history. Hello bank! (or Consorsbank in Germany) is the digital arm of French bank BNP Paribas Fortis. It is available for users in Austria, the Czech Republic, Belgium, France, Germany, and Italy. Hello bank! offers current accounts, credit cards, loans, insurance, and...
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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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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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Company Insights
Competitor Profile: Neat
This report provides information and insight on Neat, including comprehensive coverage of its products and services; a comparative assessment of its peers; and information on its partnerships, revenue model, and key events and milestones. Neat is a digital-only alternative banking solution operating in Hong Kong, offering retail and business accounts with prepaid cards. Neat’s main focus is business banking. In Hong Kong it can be difficult as well as expensive for new businesses and businesses moving to the market to...
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Sector Analysis
China Retail Banking: Opportunities and Risks to 2023
China’s total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) recorded a compound annual growth rate (CAGR) of 25.2% during 201418 to reach CNY37.8tn ($5.5tn). Credit card balances outstanding was the fastest-growing credit segment during the review period. However, as a result of stringent government regulations aimed at curbing rising household debt, total loan balances outstanding is expected to record a slower CAGR of 13.7% over 201923. Based on our proprietary datasets, this...
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Company Insights
Competitor Profile: Xinja
This report provides information and insights on Xinja, including details of its business and geographical presence, comprehensive coverage of its products and services, a comparative assessment of its main competitors, and a look at its key events and milestones. Founded in 2017, Xinja is one of Australia’s most high-profile neobanks. The company’s principle purpose is to provide a mobile banking service in Australia and it is targeting tech-savvy millennials who are discontent with established banks. It aims to differentiate itself...
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Company Insights
Enterprise Tech Ecosystem Series: HDFC Bank
Incorporated in 1994, HDFC Bank offers a range of banking services, including retail, commercial, and investment banking as well as treasury services. The company’s products include deposits; card products; loans; insurance for life, health, and non-life risks; and investment solutions such as mutual funds, bonds, equities and derivatives. HDFC also provides services including cash management, corporate finance advice, customized banking solutions, project and structured finance, trade financing, foreign exchange, and payment and settlement services. The bank serves individual customers, non-resident...
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Thematic Analysis
Buy Now Pay Later - Thematic Research
The global Buy Now Pay Later (BNPL) market reached $120 billion in 2021. The market recorded a CAGR of more than 85% from 2019 to 2021. Millennials and Generation Z are the main demographics driving the adoption of BNPL. Buy now pay later (BNPL) providers disrupt the lending sector by simplifying access to loans to consumers and reducing friction at payment points. The sector has been around for many years, but it has seen rapid growth recently as key players...
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Company Insights
Competitor Profile: Simple
Simple is a digital-only bank that was founded in 2009 by Alex Payne, Joshua Reich, and Shamir Karkal. In February 2014, Simple was acquired by BBVA for $117m. Simple offers mobile banking through its app, which is available on both the Apple App Store and Google Play Store, as well as online banking through its website. Through both channels, Simple offers money management tools to help users reach their financial goals. These tools include one that shows customers how much...
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