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Thematic Analysis
Adapting to Ultra-Low Interest Rates - Thematic Research
This report offers an in-depth analysis of the financial services strategies of retail banks adapting to the ultra-low interest rate environment. We look at their strategy to diversify their streams of revenue as well as move into new business areas and analyze how well they will adapt to macroeconomic challenges that are affecting the entire industry.
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Sector Analysis
Targeting Generation Z in Financial Services
Generation Z have new expectations within financial services. The cohort can be described as young, ambitious, tech-savvy, and even influencers of the future. They have grown up during some of the key innovations and fintech launches around the world. In the current market, it is essential that FS providers try to better understand who Generation Z are, what they want, and how to best market their products and services to attract them. This report takes a deep dive into Gen...
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Thematic Analysis
Alternative Financial Credit Scoring - Thematic Research
Alternative lenders and big tech have developed fundamentally new approaches to credit assessment, incorporating a wider variety of data sources such as history of utility bill payments, rent payments, repayments to payday lenders, social media data, browsing and search history, employment history, educational background, and even psychometric testing. This report explores the alternative approaches to credit scoring that are being deployed in the financial services industry.
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Sector Analysis
Singapore Retail Banking 2020 - Review, Forecasts, and Future Opportunities
Singapore’s retail banking sector has seen steady growth year on year, but the impact of COVID-19 has caused uncertainty in the market. In light of the pandemic, Singapore’s GDP is expected to fall to -6.07% in 2020 but is forecast to improve in 2021, suggesting signs of economic recovery. A significant increase in unemployment will occur in 2020, while corporate bankruptcies are likely to increase in the coming months according to the country's financial regulator and central bank, the Monetary...
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Sector Analysis
China Retail Banking 2020 - Review, Forecasts, and Future Opportunities
This report explores trends in the Chinese retail banking sector as well as insight into consumer preferences and behaviors. It highlights some of the most important data points available on the performance of the sector comparable to other markets, as well as the performance and perception of firms within the industry. New trends and innovations are also noted, as are the implications of COVID-19. Growth in the Chinese retail banking sector has been strong over the past decade. COVID-19 has...
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Sector Analysis
Ireland Retail Banking 2020 - Review, Forecasts, and Future Opportunities
This report explores trends in the Irish retail banking sector and provides insight into consumer preferences and behaviors. It highlights some of the most important data points available on the performance of the sector compared to other markets as well as the performance and perception of firms within the industry. New trends and innovations are also noted, as are the implications of COVID-19 for the sector. Growth in the Irish retail banking sector has been moderate over the past decade,...
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Sector Analysis
Hong Kong Retail Banking Market Size, Share & Trends Analysis and Forecast 2021 – 2025
The retail banking sector in Hong Kong has shown growth despite the recent impact of COVID-19. Residential mortgages and retail deposits recorded the highest compound annual growth rates (CAGRs) in the region, with the exception of China. Consumer credit lending showed a strong CAGR in personal loans, again only trailing the Chinese market. However, growth across credit cards was weaker as economic activity decreased due to the pandemic. The Hong Kong market has witnessed a triple threat over the last...
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Sector Analysis
Australian Retail Deposits 2019: Review, Forecasts, and Future Opportunities
The Australian retail deposits market has been characterized by weaker growth of 5% in 2019 (A$1,168bn [$764bn]) compared to previous years and is forecast to grow close to that level until 2023. Weak GDP growth and poor consumer sentiment have persuaded consumers to save rather than spend, despite falling interest rates. The shrinking gap between deposits products has led to a market preference for on-demand deposits over term deposits. Meanwhile, fee income has fallen for the first time in years,...
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Sector Analysis
Canada Retail Banking 2020 - Review, Forecasts, and Future Opportunities
Growth in Canada’s retail banking sector has been consistent over the past decade, with the country avoiding the type of recessionary effects experienced by other economies post-2008. However, COVID-19 threatens to significantly alter trajectories and forecasts in 2020 and 2021. A V-shaped recovery is expected in Canada that could potentially see growth post-COVID-19 follow similar trends and rates to those pre-COVID-19. Overall the Canadian economy has experienced higher compound annual growth rates in credit card balances, mortgage loans, and retail...
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Sector Analysis
Australian Retail Banking 2020 - Review, Forecasts, and Future Opportunities
Growth in the Australian retail banking sector has been consistent over the past decade, but has been weak in recent years. COVID-19 will compound the poor performance that was forecast for this year, significantly altering trajectories of all major economic indicators and measures of growth. Despite fewer cases of the virus and overall containment of its spread, recovery is still not expected until 2021. This report explores trends in the Australian retail banking sector and offers insight into consumer preferences...
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