-
Analyst Opinions
Retail Banking Country Snapshot: UK
The UK has a mature and highly developed retail banking sector, with high levels of ownership across all four key products. The market is also highly concentrated, with a handful of large providers dominating the industry. However, a growing number of entrants are seeking to challenge the incumbents. The growth of digital channels will also affect distribution and servicing.
-
Analyst Opinions
Mass Affluents: Channel Use in Hong Kong
The size of the mass affluent market in Hong Kong is estimated to be around 3.2 million individuals. Considering its size, the segment is more lucrative than even the HNW segment. It can easily be categorized as the most important segment for providers in Hong Kong. Given that Hong Kong is a financial hub in Asia Pacific, the banking environment itself is filled with a vast amount of financial management products for consumers to choose from. This kind of environment...
-
Analyst Opinions
Mass Affluents: Channel Use 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.
-
Analyst Opinions
Mass Affluents: Channel Use in Singapore
Singaporean mass affluents tend to be older, and thus are slightly more conservative when it comes to digital advancement in banking. They are also more loyal than their retail counterparts. This consumer segment is very comfortable with the online channel and providers will need to maintain a user-friendly platform to meet the banking needs of the mass affluent segment. Security measures overall, but particularly with mobile banking, inhibit adoption. Providers that can allay these concerns will have an advantage in...
-
Sector Analysis
Retail Banking Country Snapshot: Poland 2016
Poland has an oligopolistic market for banking services, with the two largest providers PKO Bank Polski and mBank controlling over a third of the current account market. PKO Bank Polski also dominates the market for savings and mortgages. Although online product application is gaining at the expense of branches, uptake is limited by the failure of banks to offer fully digital onboarding. Mobile banking has been eagerly embraced by younger consumers, although usage among this demographic still lags behind online...
-
Sector Analysis
Retail Banking Country Snapshot: Spain 2016
"Retail Banking Country Snapshot: Spain 2016" reviews the retail banking sector in Spain, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from our Retail Banking Insight Survey. The Spanish banking sector is highly consolidated, with a handful of large banks controlling a significant market share. Product ownership rates are high, particularly for current and savings accounts, and consumers mostly favor providers they have an existing relationship with....
-
Sector Analysis
Banking as a Marketplace: Opportunities and Threats
"Banking as a Marketplace: Opportunities and Threats" report explores the opportunities and advantages offered by the marketplace banking model for both new entrants and incumbents. This report is based on interviews with industry figures and secondary research. EU-wide and UK-specific regulations will force banks to open up access to their customer data by January 2018. Open banking will lead to the creation of new business models, including banking as a marketplace. Here, a bank integrates third-party services into its own...
-
Sector Analysis
2017: Key Trends in Retail Banking
Several trends will drive developments in retail banking in 2017, including factors as diverse as changes to the regulatory environment, the emergence of artificial intelligence, and the long-awaited entry of new mobile-only providers. GlobalData’s “2017: Key Trends in Retail Banking” identifies six key trends that will shape the retail banking market in 2017, to which providers will need to respond and adapt. The report offers insight into: - The likely impact of competitive, regulatory, and technological developments on the retail...
-
Sector Analysis
UK Savings: Forecasts & Future Opportunities
Retail deposits for 2016 are expected to be 6% higher than in 2015. However, market conditions over the next few years are predicted to dampen prospects for future growth. UK retail deposits will increase at a CAGR of 3.3% during 2016–20 to reach £1,606bn by the end of the forecast period. GlobalData Financial’s “UK Savings: 2016 Review, Forecasts & Future Opportunities” looks at how the personal savings market will develop up to 2020, analyzes the factors that will determine this...
-
Sector Analysis
Money20/20: Things We Learned
GlobalData’s "Money20/20: Things We Learned", offers commentary and analysis of the key subjects covered at this year’s Money20/20 event in Las Vegas. Money20/20 is one of the biggest and most important events on the financial services calendar. Speakers from a wide range of organizations, covering financial services and other industries, provided their views and insights on a variety of subjects relevant to banking, including AI, regulation, payments, lending, security, and customer experience. This report covers the most important presentations and...
Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.