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Company Insights
Bank Mandiri - Digital Transformation Strategies
Bank Mandiri Digital Transformation Strategies Report Overview Bank Mandiri is tapping into key disruptive technologies, including AI, big data, cloud, and digital banking, among others, to digitally transform its operations. The annual ICT spending of Bank Mandiri was estimated at $678.6 million for 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Bank Mandiri was established on October 2, 1998. In July 1999, four state-owned banks—namely Bank Exim, Bank Dagang Negara,...
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Company Insights
Bank Syariah Indonesia - Digital Transformation Strategies
This report provides insight into Bank Syariah Indonesia's fintech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. Bank Syariah Indonesia was established in 2021 following the merger of three Islamic banks: Bank BRI Syariah, Bank Syariah Mandiri, and Bank BNI Syariah. The new entity provides Sharia-based financial solutions to both individual and business customers in Indonesia. It offers savings accounts, hajj and umrah savings services (savings in Rupiah or US$ for the hajj and umrah...
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Company Insights
Macquarie Bank - Digital Transformation Strategies
Macquarie Bank Digital Transformation Strategies Report Overview Macquarie Bank is tapping into key disruptive technologies, including artificial intelligence, big data, cloud, digital banking, online payments, mobile payments, and cybersecurity to digitally transform its operations. The annual ICT spending of Macquarie Bank is estimated at $212.0 million for 2022. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. Macquarie Bank is the banking subsidiary of the Macquarie Group, an Australian company...
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Analyst Opinions
Sweden Retail Banking Analysis by Consumer Profiles (Older Gen Z, Gen X, Boomer, Younger Millennial and Millennial)
Sweden Retail Banking Analysis Report Overview The following personas have been created through a cluster analysis (Calinski-Harabasz criterion) of GlobalData’s 2022 Financial Services Consumer Survey, to understand Swedish survey respondents and their attitudes, preferences, and unmet needs.  The following are some of the key highlights of the Sweden retail banking market: One of the strongest retention areas of the bank includes the satisfying products and services offered to the Older Gen Z. Boomer is the oldest persona of the Swedish...
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Company Insights
TD Bank - Enterprise Tech Ecosystem Series
TD Bank Digital Transformation Strategies Report Overview The Toronto-Dominion Bank (TD Bank) has been focusing on using artificial intelligence, mobile, cloud, big data, and fintech to digitally transform its operations. The annual ICT spending of TD Bank was estimated at $1.5 billion for 2022. A major share of this spending is earmarked for acquiring software, consulting, and hardware from vendors. TD Bank provides retail and corporate banking, wealth management, and related financial solutions. It offers accounts, cards, certificates of deposits,...
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Analyst Opinions
Digital Banking Trend Analysis - The Quest for Profitability Driving Strategies and Product Development of Digital-Only Providers
Digital Banking Trend Analysis Market Overview Digital banking has entered the mainstream across the globe. Digital banks have gradually become big enough to challenge conventional incumbents in markets including Brazil and South Korea. However, in other markets such as Hong Kong, digital banking is gradually commencing. The digital banking trend analysis market research report provides an overview and analysis of the current state of play among digital-only banks across the world. To achieve this, the business models of 11 digital-only...
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Thematic Analysis
Small Medium Enterprises (SME) Banking - Thematic Intelligence
Many new digital banks capitalized on the pandemic to dramatically increase small- and medium-sized enterprise (SME) lending and account penetration. SMEs typically have complex, variable, and evolving needs, which are difficult to meet by a single provider all the time. Additionally, e-commerce platforms and accounting software providers offer extensive SME support to enable open ecosystems. The SME Banking thematic intelligence report provides a briefing on the theme with a detailed analysis of market opportunity, and factors driving its development and...
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Thematic Analysis
ESG (Environmental, Social and Governance) in Payments - Thematic Intelligence
The ESG in payments deals was worth 1.5 billion in 2021. ESG is a growing trend that is affecting all industries, including the payments industry. The interest in ESG increased due to consumers’ and investors’ desire to see companies reflect their values. Many companies have been recruiting in the sector in the past few years too. For instance, Visa and Mastercard have decided to tie their executive employee compensation to the company’s ESG goals. This should incentivize executives to consider...
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Thematic Analysis
Robotics in Banking - Thematic Intelligence
Robotics in Banking has been emerging as one of the most innovative disruptive technologies. The intelligence residing in robots, including the ability to recognize faces and remember interactions, has presented a learning opportunity for bank development teams and enabled them to see live interaction scenarios with customers. Furthermore, drones are being used as a reaction to health and safety concerns during the COVID-19 pandemic. Post-pandemic, we expect banks to use drones to showcase assets like shipping ports, factories, warehouses, and...
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Company Insights
Rabobank - Enterprise Tech Ecosystem Series
Rabobank has been focusing on using artificial intelligence, cloud, big data, mobile payments and blockchain to digitally transform its operations. The annual ICT spending of Rabobank was estimated at $1.2 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. Rabobank offers global banking and other related financial solutions to commodity traders, large corporates, startups, financial institutions, and private equity firms. It provides a wide range of accounts, deposits, cards,...
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