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Track & Monitor
FinTrack – June 2020
Every month, FinTrack showcases the latest innovations from financial services providers around the world. Each innovation is assessed and rated on key criteria, providing you with valuable insight. The provision of financial services is constantly evolving, with new technology having a particularly significant impact. Innovations such as digital delivery, AI, biometrics, and robo-advice are enabling providers around the world to offer new and improved services to customers that will improve the way they manage their finances. The growing availability of...
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Sector Analysis
Australian Mortgage Market 2020 – Review, Forecasts, and Future Opportunities
The Australian mortgage market was characterized by a sharp slowdown in mortgage balances in 2019 after years of growth - and this trend is expected to continue well into 2020. Property prices this year are expected to decline between 15% and 30% overall as COVID-19 temporarily freezes the market. However, mortgage balance growth to 2024 is expected to be positive overall, with the rebound beginning in 2021 This report provides information and insights on the Australian mortgage market. It details...
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Sector Analysis
Australian Consumer Credit 2019: Review, Forecasts, and Future Opportunities
The Australian consumer credit market has been characterized by continued weakness as consumers prioritize mortgage debt over consumer debt. The growth of the Australian mortgage market combined with high debt servicing costs has displaced the consumer credit market as a less competitive form of finance. Balances outstanding for both personal loans and credit cards are not expected to grow until 2021, with COVID-19 expected to significantly disrupt the economy and change buying habits. This report provides information and insight on...
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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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Company Insights
Enterprise Tech Ecosystem Series: National Australia Bank
National Australia Bank (NAB) offers personal, business, and private banking services to individuals, SMEs, and large corporates. Its major offerings include deposit services, loans and financing, insurance and investment solutions, superannuation services, cards, cash management, currencies and commodities, asset servicing, treasury and foreign exchange, and financial planning. NAB also offers specialist banking services to the health, agribusiness, education, government, franchising, and community service sectors. It has a presence in Australia, New Zealand, the US, Hong Kong, the UK, Singapore, Japan,...
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Sector Analysis
United States Respiratory Devices Market Outlook to 2025
“What is covered in the report about the “United States Respiratory Devices Market”? GlobalData’s “United States Respiratory Devices Market Outlook to 2025” report is a comprehensive databook report, covering key market data on the United States Respiratory Devices market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments – Humidifiers, Nebulizers, Non-Invasive Ventilation Masks & Circuits, Oxygen Concentrators, Oxygen Conservers, Positive Airway Pressure Devices, Respiratory Device Accessories and Ventilators. The United States Respiratory Devices...
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Sector Analysis
North America Respiratory Devices Market Outlook to 2025
“What is covered in the report about the “North America Respiratory Devices Market”? GlobalData’s “North America Respiratory Devices Market Outlook to 2025” report is a comprehensive databook report, covering key market data on the North America Respiratory Devices market. The databook report provides value (USD), volume (units) and average prices (USD) within market segments – Humidifiers, Nebulizers, Non-Invasive Ventilation Masks & Circuits, Oxygen Concentrators, Oxygen Conservers, Positive Airway Pressure Devices, Respiratory Device Accessories and Ventilators. The North America Respiratory Devices...
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Sector Analysis
Targeting Millennials in Financial Services
"Targeting Millennials in Financial Services", report explores the attitudes and behaviors millennials have with regards to their financial services, using our extensive surveying of consumers in 20 key banking markets around the world. It identifies those aspects of the customer experience that financial services providers need to address to effectively engage with millennials and highlights successful providers, products, services, and campaigns. Best practice examples and studies presented are drawn from around the world and across the economy, encompassing banks, insurers,...
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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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Analyst Opinions
Alternative Payment Solution: M-Pesa
M-Pesa is a mobile-based fund-transfer and micro-level banking service available to customers of Safaricom, Kenya’s largest mobile network. Introduced in 2007, the service has become a primary channel for fund transfers in the country. Originally developed as a low-cost microfinance loan-repayment system, due to its rising popularity it was extended as an open platform to remit funds and make consumer payments. This was largely a result of factors such as the high cost of remitting funds through banking, a lack...