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Company Insights
NewHartford Financial Services Group Inc. – Digital Transformation Strategies
Hartford Health Digital Transformation Strategies Overview Hartford is tapping the power of big data analytics to analyze data and generate insights, improve member engagement, and detect fraudulent claims. AI, big data, cloud, cybersecurity, and IoT are among the key technologies under focus for the company. The annual ICT spending of Hartford was estimated at $549 million in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. The Hartford Financial Services...
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Innovation Ranking
Innovation Ranking – The PNC Financial Services Group Inc
The PNC Financial Services Group Inc (PNC) is a provider of retail and commercial banking products, and wealth and asset management services. Its portfolio of offerings comprises deposits and accounts; cards; insurance; loans for personal and commercial needs, education, auto, mortgage, small business administration, and line of credits; residential mortgage; investment and cash management; and payment and processing solutions. The group’s asset and wealth management portfolio consists of treasury and liquidity management; capital market services including foreign exchange, loan syndications,...
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Thematic Analysis
Net Zero Strategies in Financial Services – Thematic Intelligence
Net Zero Strategies in Financial Services Thematic Overview Financial services are facing new challenges in achieving net zero by 2050. Companies achieve net zero emissions by cutting greenhouse gas (GHG) emissions to as close to zero as possible, with any remaining emissions then “offset”. The main contributors to these emissions are office heating, company-owned vehicles, and purchased electricity and steam. Efforts to reduce Scope 1 and 2 emissions include carrying out green renovations on corporate offices and data centers, purchasing renewable...
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Company Insights
NewManulife Financial Corp. (Manulife) – Digital Transformation Strategies
Manulife Digital Transformation Strategies Overview Manulife Financial Corp. (Manulife) has been focusing on using AI, cloud, healthtech, e-commerce, big data, data center, healthtech, future of work, mobile, and insurtech to digitally transform its operations. The annual ICT spending of Manulife was estimated at $535.1 million for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Manulife Financial Corporation (Manulife) offers insurance products and financial services. It operates under the Manulife...
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Company Insights
NewApple Pay – Competitor Profile
Apple Pay is a mobile payment solution launched by Apple in October 2014. It allows users to store their payment card details to use for future payments. Users hover their mobile device near a contactless terminal and authenticate the transaction via Touch ID, Face ID, or PIN depending on the Apple device used. The solution is accepted at millions of retail outlets globally and supports all major payment networks. Apple Pay is supported by more than 6,600 banks and financial...
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Company Insights
NewAlipay – Competitor Profile
Launched in 2004, Alipay is among the leading alternative payment services providers (PSP) globally. It is a subsidiary of Ant Group, which is controlled by Alibaba Group. Alipay allows users to make fund transfers as well as online, in-app, and in-store payments at home and abroad. It is the primary method of payment for Alibaba’s online marketplaces, including AliExpress, Tmall, and Taobao. Alipay is accepted in more than 110 countries, allowing Chinese tourists to make payments in Chinese renminbi and...
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Consumer Insights
NewMass Affluent Banking in the Middle East – Regional Breakdown by Market Trends, Investment Preferences and Competitor Benchmarking
Mass Affluent Banking Market in the Middle East Report Overview Investment penetration and value are significantly higher among the mass affluent in the Middle East. Offshore investment penetration is especially high and will further increase in the future. Digital wallets are the most popular new investment providers across markets, and half of mass affluents also prefer arranging their investments on a mobile app or digital platform. Nonetheless, a third still prefers to invest in person or over the phone. Providing...
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Company Insights
NewGrupo Financiero Banorte – Digital Transformation Strategies
Banorte Digital Transformation Strategies Overview Banorte has been investing in emerging technologies over the years to improve efficiencies, and product offerings, and streamline operations. AI, big data, cloud, and payments are among the key technologies under focus for the company. The annual ICT spending of Banorte was estimated at $503 million in 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications from vendors. Grupo Financiero Banorte SAB de CV (GFNorte) is...
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Company Insights
NewMeta Pay – Competitor Profile
Meta Pay (formerly Facebook Pay) is a digital payment provider that allows users to make payments via Meta-owned social media platforms Facebook, Messenger, WhatsApp, and Instagram. Meta Pay is now available to users across 144 countries and supports payments in 55 currencies, enabling online, in-app, and P2P payments. Facebook initially rolled out P2P payments in the US via Messenger in 2015. It subsequently introduced Facebook Pay in November 2019, bringing its payment options under a single umbrella across Facebook, Messenger,...
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Company Insights
NewFiserv – Digital Transformation Strategies
Fiserv Digital Transformation Strategies Overview Fiserv has been focusing on using artificial intelligence, big data, blockchain, cloud, fintech, cryptocurrencies, mobile payments, online payments, open banking, digital banking, and real-time payments to digitally transform its operations. The annual ICT spending of Fiserv was estimated at $1.3 billion for 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications. Fiserv offers payments and financial services technology solutions to various clients around the world, including...