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Analyst Opinions
Mass Affluents: Channel Use 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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Sector Analysis
Mass Affluents: Channel Use in Australia
Australian mass affluents skew towards the older ages, and thus are slightly more conservative when it comes to digital advancement in banking. Although they fully utilize the online channel they are not yet embracing mobile as much as the retail segment. This will change, however, and authorized deposit-taking institutions need to be ready for this with apps that can accommodate them. This consumer segment is very much comfortable with the online channel (it is the one they find most convenient)...
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Analyst Opinions
Mass Affluents: Attitudes and Needs in Singapore
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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Sector Analysis
Mass Affluents in China: Product Holding and Preferences
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
Open API Banking: Defining the Potential and Opportunities; Strategies for a world of open banking
Regulatory and technological developments are pushing banks in Europe and the UK to open up access to their systems and data via the use of application programming interfaces (APIs). If banks embrace the concept, they will be able to become one-stop shops for the best products on the market, crowdsource the development of new services, and generate revenue by selling access to their data and capabilities.
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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.
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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...
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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.
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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...
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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...
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