MarketResearchReports.com: Self-Service Branch Banking Report reveals implementation strategies and best practices adopted by retail banks, New Report Launched

The retail banking industry’s banking channel has evolved from traditional full-service branch banking to alternate channels such as online, mobile and self-service. Full-service branches still play a key role in the distribution of banking products and services as banks rely on these branches to generate the vast majority of revenue. However, the operating expenses and infrastructural investments associated with full-service branches encourage banks to consider low-cost self-service branch banking to expand their market presence. Banks have redefined branch banking following the financial crisis in order to maintain operational efficiency and to improve overall financial performance. While full-service branches remain the primary contact point for customers, banks realize that the expansion of the branch model is not sustainable due to rising real estate costs and changing consumer preferences. Low-cost channels such as self-service, online and mobile banking have therefore been gaining momentum. These channels are adopted with the aim of cost-effectively expanding business in rural and unbanked areas.

The report provides market analysis, information and insights into self-service branch banking with global snapshot of self-service branch banking adopted by retail banks in developing and developed economies in the banking industry. Report also gives brief analysis of self-service branch banking trends and drivers and key operational opportunities and models adopted by retail banks globally.

Report also covers a comprehensive analysis of self-service branch banking business models adopted by retail banks and insight into the various trends seen in self-service branch banking. Operational, technological and regulatory drivers driving the growth of retail banks are also covered.

Key Highlights of this report

  • The number of ATMs deployed in key countries increased during the review period (2008–2012), making them the most widely-used self-service banking model. In the US, the total number of ATMs increased from 425,010 in 2008 to 444,872 in 2012.
  • The adoption of new technology enables banks to upgrade their branch banking models with advanced banking features and to distinguish themselves from competitors. Such features include biometric ATMs for secure banking transactions and contactless ATMs for faster transactions. Furthermore, the use of videoconferencing in ATMs enables interaction with bank employees for banking assistance.
  • Retail banks around the world seek to expand their business footprints in unbanked and under-banked areas to target new customers and gain market share. However, the establishment of full-service branches is not always feasible for banks due to the costs associated with it, driving banks to adopt the self-service branch banking model to remain cost-effective. Banks set up these types of branches in remote areas and at places with high customer footfall such as stadiums, shopping malls, railway stations and marketplaces.
  • The penetration of self-service branches has increased as banks are more reliant on offering quality service and enhanced customer experiences through facilities in these branches such as automated self-service kiosks, flagship branches, contactless ATMs and in-store self-service branches. Consumers can now conduct around 80% of banking transactions through ATMs and other automated banking channels without staff assistance.

For more info visit: http://www.marketresearchreports.com/timetric/2020-foresight-report-self-service-branch-banking

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MarketResearchReports.com: 2020 Foresight Report: Business Strategy for Targeting HNWIs – Emerging Opportunities, Trends and Profitable Operating Models in Asia-Pacific

The Asia-Pacific region has become the largest market for high net worth individuals (HNWIs) globally, and is primarily driven by the increasing HNWI population in Japan, China and India. Economic growth and rising realty prices during the review period were the main reason for growth of HNWI numbers in the region. Growing wealth in this region and the emergence of Singapore and Hong Kong as offshore hubs have attracted a large number of wealth management companies to set up branches in the region. Additionally, tax advantages and opportunities for global diversification have made offshore banking an attractive option for foreign banks in this region. Most wealth management companies are entering this highly lucrative market either through joint ventures, partnerships or by acquiring a domestic firm. The entry of international wealth management firms has made the market competitive and wealth management firms now offer premium services and sophisticated products to counter the fierce competition.

For more information visit: 2020 Foresight Report: Business Strategy for Targeting HNWIs – Emerging Opportunities, Trends and Profitable Operating Models in Asia-Pacific

The report provides analysis, information and insights into the business strategies adopted by wealth management companies in the Asia-Pacific region to target HNWIs:

  • Examines consumer attitudes and behavior such as asset allocation and looks into key market trends in the Asia-Pacific wealth management industry
  • Details the market potential and key trends across asset classes in each of the profiled Asia-Pacific countries
  • Provides an understanding of the impact of changing regulations and consumer behavior on the profitability of wealth management firms

Scope

  • This report examines the changing consumer behavior of HNWIs in the Asia-Pacific region and details the various product, distribution and expansion strategies adopted by wealth management firms
  • The report details the market potential and key trends in the HNWI market in the Asia-Pacific region and provides an overview of the HNWI population and HNWI wealth across asset classes
  • It provides insights into the changing consumer behavior of HNWIs in the Asia-Pacific region and how wealth management firms are redesigning their products and services to gain market share
  • The report discusses the expansion strategies adopted by wealth management firms to gain market share
  • It details various sales and distribution strategies adopted by wealth management firms to reach HNWI customers
  • The report outlines changing regulatory trends and the operational and technological challenges faced by wealth management firms in the country

Reasons To Buy

  • Assess the market potential, key trends and drivers impacting the growth of the wealth management industry in the Asia-Pacific region
  • Gain insight into the key sales and distribution strategies adopted by wealth management companies to target HNWIs in the Asia-Pacific region
  • Understand the emerging consumer behavior of HNWIs in the Asia-Pacific region and product strategies adopted by key players to target them
  • Analyze the impact of regulatory, political and technological challenges on the profitability of the wealth management industry

Key Highlights

  • Most HNWIs in the Asia-Pacific region are either first-generation HNWIs or inheritors of family wealth
  • With the cooling of realty and equity markets there has been strong growth in fixed-income funds in Asia-Pacific, and most wealth management firms in the region offer a range of fixed-income products
  • An increasing number of HNWIs in the Asia-Pacific region are showing interest in investments of passion, such as art, jewelry and collectibles, as they are increasingly delivering higher returns than equities
  • Wealth management firms in the Asia-Pacific region are facing severe profitability pressures due to stringent regulations laid down by banking regulators in this region
  • Offshore wealth centers catering to Asia-Pacific clients are growing at a rapid pace, with Singapore and Hong Kong emerging as key destinations

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MarketResearchReports.com: 2020 Foresight Report: Merchant-Funded Rewards – Challenges and Opportunities for Retail Banks

With the emergence of payment cards and their increasing adoption by consumers and acceptance by merchants, banks and other cards issuers have been making significant efforts to make consumers use their cards over those of their competitors. In line with this, banks have been at the forefront in issuing cards with benefits and features offered through loyalty programs. These programs allow banks to distinguish their products from the basic services offered by competitors by offering attractive deals in a variety of product categories. However, it has become apparent that bank-funded reward and loyalty programs have lost value and impact, from both the banks’ and consumers’ points of view. Banks and card issuers have introduced similar loyalty programs in the recent past, which have become mutually almost indistinguishable. This has compelled banks to carry out other expensive promotional initiatives to set themselves apart. Banks and other card issuers have also realized the benefits of merchant-funded loyalty programs and consider these programs as replacements for traditional loyalty programs.

For more information visit: 2020 Foresight Report: Merchant-Funded Rewards – Challenges and Opportunities for Retail Banks

The report provides market analysis, information and insights into merchant-funded loyalty programs.

The report also includes:

  • Comparisons of merchant-funded loyalty program business models
  • In-depth analysis of trends and drivers for merchant-funded rewards programs
  • Detailed analysis of various players involved in the value chain of merchant-funded loyalty programs
  • Best practice case studies

Scope

  • This report provides a comprehensive analysis of various merchant-funded loyalty program business models
  • It provides insight into the merchant-funded loyalty program value chain and the role of the service provider
  • It details merchant-funded reward program strategies adopted by key market players
  • It profiles major players active in the value chain of merchant-funded loyalty programs

Reasons To Buy

  • Gain insights into creating and improving a merchant-funded rewards model
  • Gain an understanding of industry best practice
  • Learn about the most effective business models
  • Get advice on improving merchant-funded rewards programs
  • Understand the value chain of merchant-funded loyalty programs

Key Highlights

  • The business model of merchant-funded products has changed as the roles of the stakeholders associated with merchant banking have altered: the risk associated with expenses has shifted to merchants and is not borne by card issuers or program managers.
  • In countries such as the US, Canada, Brazil, Russia and some other European countries, adoption levels of programs are high among leading banks such as Bank of America, Citibank, Chase, Royal Bank of Canada, Sberbank, Barclays, Standard Charted and HSBC.
  • The implementation of an effective marketing campaign is key to the success of any loyalty program.
  • Different promotion and advertising channels can be deployed to access a larger consumer base; advertisements on the company’s website, email and newsletters are highly cost-effective modes of advertising a loyalty program.

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MarketResearchReports.com: 2020 Foresight Report: Private Label Cards – Opportunities and Challenges in Asia-Pacific

Private-label cards (PLCs) have emerged as a lucrative investment tool for a range of organizations and retail stores in Asia-Pacific. The PLC sector has recorded substantial growth over the last five years across key markets, although it is still in a nascent stage in comparison with the overall cards and payments industry. The growth is currently being driven by prepaid cards and this is expected to continue over the coming five years. Taking its cue from western counterparts, with the exception of a few markets, the sector in the Asia-Pacific region has maintained a safe distance from private-label credit instruments. Furthermore, retailers have started to use analytics to their advantage, and the structured use of customer information has enabled them to develop effective strategies, such as exclusive offers tailored for particular cardholders for important occasions in their lives.

 For more information visit:2020 Foresight Report: Private Label Cards – Opportunities and Challenges in Asia-Pacific

Among the key countries studied in terms of closed-loop prepaid cards, the main PLC category in India shows the greatest potential in terms of an increase in the total number of closed-loop cards in circulation with forecast CAGR of 27.8% over 2012–2017. India will be followed by China with a CAGR of 14.2% over 2012–2017. However, China will continue to be the largest market for closed-loop prepaid cards, with the total number of cards in circulation expected to cross the 500 million mark by the end of 2017. Factors such as the rise of NFC-enabled POS terminals, urbanization, growth in retail sales and fuel consumption, increased use by the unbanked population, and the use of gift cards as tax incentives are expected to drive this growth.

The report provides useful information and insights into the dynamics of the Private Label Cards (PLC) sector in Asia-Pacific:

  • Analysis of sector dynamics including current and emerging trends and business drivers, benefits for issuers and consumers, and operational and regulatory challenges
  • Provides market potential of closed-loop prepaid cards in selected key countries of the region with historical and forecast number of cards in circulation
  • Includes information on key end markets and leading issuers within each category for selected countries
  • Insights into key product and consumer segmentation strategies adopted by issuers in key end markets
  • Insights into current sales and distribution strategies and their future outlook

Scope

  • This report provides comprehensive analysis of PLCs in Asia-Pacific and uses five key countries in the region to study trends, opportunities and challenges in detail
  • Provides data centric focus on closed-loop prepaid cards which dominate the PLC sector in the region
  • Analyzes product and segmentation strategies adopted by key issuers in selected countries
  • Examines major end markets that lead in issuance of PLCs in the region
  • Covers key sales and distribution strategies and their future outlook

Reasons To Buy

  • Gain insights into the latest developments in the sector to streamline your PLC model
  • Understand the key benefits and challenges to develop a cost effective strategy
  • Learn about growth potential in key markets over the next five years
  • Gain insights into industry structure and competitive landscape of PLCs in the region
  • Learn about key product and segmentation strategies along with sales and distribution strategies adopted by key issuers

Key Highlights

  • The PLC sector has recorded strong growth over the last five years across key Asia-Pacific markets, led by a boom in prepaid cards. This category has now become a key tool for issuers across key end markets – fuel and fleet, retail and phone, and transit – to drive revenues and reduce costs, leading to higher profitability.
  • Marketing has improved with highly customized targeting across business-to-business and business-to-consumer customers. Corporate clients are being targeted for employee incentives and tax benefits, while PLCs are widely marketed as gift products to individuals.
  • Among the key countries studied in terms of closed-loop prepaid cards, the main PLC category in India shows the greatest potential with forecast CAGR of 27.8% over 2012–2017.
  • Retailers have started to use analytics to their advantage, and the structured use of customer information has enabled them to develop effective strategies, such as exclusive offers tailored for particular cardholders for important occasions in their lives.
  • At present, PLC issuers are largely dependent on traditional sales and distribution channels, such as direct sales at card issuer stores and partnerships with third parties. However, a rise in the use of online channels has been noted over the last two to three years due to rising internet and smartphone penetration. Furthermore, the growing popularity of gift cards is also expected to provide impetus for investments that will lead to adoption and development of multiple channels.

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MarketResearchReports.com: 2020 Foresight Report: Captive Insurance

Growing uncertainties in the global economy and frequent rises in premiums in the commercial insurance industry have encouraged companies from diverse industries to set up their own captive insurance businesses. Companies across a diverse range of industries are increasingly employing captive insurance as part of their risk management strategies. These companies are exposed to various risks and unforeseen circumstances, and it is often not feasible for them to obtain insurance cover for these risks due to high premiums in the commercial market and the non-availability of insurance cover for some industry-specific risks. The four-leading industries in the world, in terms of the number of captives established, are financial institutions, healthcare service providers, retail and consumer products companies and infrastructure companies, mainly construction and power and utilities. In terms of the number of captives domiciled on a global scale, the leading destinations include Bermuda, the Cayman Islands, Guernsey, Luxembourg and the US state of Vermont. The key reasons for the popularity of these locations are the relatively low taxes that they levy on captives, favorable foreign direct investment (FDI) regulations, the availability of competent professional manpower and geographical advantages such as proximity to the main regions of operations of the parent companies. Many captive domiciles such as Bermuda and Guernsey have agreed not to adopt standards equivalent to Solvency II.

 For more information visit: 2020 Foresight Report: Captive Insurance

  • The report provides industry and geographic analysis, information and insights into the utilization of captive insurance. It also provides an in-depth analysis of the recent trends and developments in the field of captive insurance
  • Intensive analysis of the dynamics of the main industries (financial services, healthcare, retail and consumer products, and infrastructure companies) employing captive insurance and the recent trends and drivers in these industries that have been propelling the related companies to set up captive insurance companies
  • Detailed analysis of the major captive hubs of Bermuda, the Cayman Islands, Vermont (US), Guernsey and Luxembourg in terms of classes of business being insured, the key geographies that have been contributing to the setting up of captives in these destinations and the important drivers contributing to the popularity of these destinations as captive hubs
  • Detailed overview of steps required to be taken to set up captive insurance entities in the above mentioned captive destinations, the respective captive insurance related regulations in these destinations and the applicable fees and taxes
  • Provides a snapshot of the concept of captive insurance, the advantages that this insurance arrangement provides, the types of captive insurance entities that there are and the challenges that the captive insurance arrangement generates

Scope

  • This report provides a detailed analysis of the captive industry worldwide
  • It explains the concept of captive insurance, the benefits that accrue from it and the types of captives that can be setup
  • It details the main industries that have been employing captives and the recent trends for their increased use of captive insurance arrangements
  • It details the important captive insurance destinations across the world, the main drivers contributing to their popularity and the important geographies where companies have been setting up connected captives
  • It lists out the steps needed to be taken to set up captives in these destinations, the important regulations related to captive insurance companies in these destinations and taxes and fees applicable to captive insurance companies in these destinations

Reasons To Buy

  • Understand how a company can benefit by setting up its own captive insurance subsidiary
  • Understand the kind of industries where companies would benefit most by setting up captives
  • Gain insights into the important captive destinations where a company could set up its captive and the conditions specific to these destinations by which a company would benefit
  • Be informed about the key steps that a company has to take to establish a captive in the major captive hubs, the legal and regulatory framework in each of these destinations and the fees and other taxes applicable to the captives set up in these destinations

 Key Highlights

  • Increasingly, companies across the globe have been setting up captive insurance companies to save on insurance premium costs and also because of non-availability of certain types of insurance.
  • Companies operating in the fields of financial services, healthcare, retail and consumer products and infrastructure, comprising construction and power and utilities, have been increasingly adopting the captive insurance business model.
  • Financial institutions account for almost 20% of the total number of captives across the world. The risk management competencies of these institutions and the requirement of meeting Basel II/ III standards have been driving them towards the increased use of captives.
  • The number of captives set up by healthcare entities is expected to increase significantly, with many driven by the Patient Protection and Affordable Care Act (PPACA), passed by the US government in 2010.

For more information visit: 2020 Foresight Report: Captive Insurance

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Market Research Reports, Inc. (www.MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

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MarketResearchReports.com: 2020 Foresight Report: Retail Bank Loyalty Programs

Loyalty programs have emerged as one of the key marketing tools in the global retail banking industry. Retail banks offer a number of loyalty programs in developed economies, however many of these are commoditized. This has compelled banks to introduce innovative programs in order to remain both competitive and profitable. There is also an increased pressure on costs due to new regulatory trends in last five years. Loyalty programs are being viewed as an important revenue-driving tool and have been proven to reduce customer acquisition costs. Retail banking in emerging economies is still in its developmental stages, as illustrated by its relatively low loyalty program penetration rates. Traditionally, banks and other card issuers have offered reward programs based on a customer income level and demographic profile. Banks are now segmenting customers based on their lifestyle choices and purchasing behavior. The use of analytical tools to better understand consumer spending patterns and offer personalized reward programs has increased in terms of adoption rates. The approach allows card issuers to launch customized rather than blanket programs to all customers. This approach also helps to target and isolate the most profitable customers and phase out the programs that do not offer significant value to a bank’s overall business. Moreover, analytics are enabling banks to provide location-based, real-time discounts in collaboration with merchants. The successful implementation of analytic-based reward programs has become a key differentiating factor for banks.

For more information visit: 2020 Foresight Report: Retail Bank Loyalty Programs

The report provides market analysis, information and insights into retail bank loyalty programs:

  • Provides a global snapshot of loyalty programs adopted by retail banks in developing and developed economies in the banking industry
  • Analysis of retail bank loyalty programs trends and drivers and key operational opportunities and challenges faced
  • Detailed analysis of loyalty program product and marketing strategies globally
  • Analysis of loyalty program customer targeting and marketing strategies adopted by leading retail banks operating in various markets

Scope

  • This report provides a comprehensive analysis of marketing strategies adopted by retail banks to offer loyalty programs in developed and developing economies
  • It details trends and drivers of retail bank loyalty programs
  • It details various benefits available to and challenges faced by retail banks while offering loyalty programs
  • It details the customer targeting strategies adopted by retail banks to offer their loyalty programs across the globe
  • It provides case studies on retail bank loyalty programs and marketing strategies implemented by various retail banks and their outcomes

Reasons To Buy

  • Understand the dynamics of the retail bank loyalty programs landscape across the key markets worldwide
  • Assess the current and future opportunities of loyalty programs in the retail banking industry
  • Gain insights into the loyalty program marketing strategies adopted by retail banks.
  • Gain insight into various challenges faced by retail banks in offering loyalty programs and key marketing and product strategies across all the key markets

 Key Highlights

  • The global economic slowdown adversely affected the banking industry of key markets across the globe. To improve their financial performance, banks implemented cost-saving initiatives. As part of such initiatives, banks launched loyalty programs through low-cost channels such as mobile platforms and social media sites.
  • Since the increase in spending on loyalty programs is directly proportional to the growth of the card payments channel, banks recorded a positive growth in card usage volumes. During the review period, Australia’s card spending recorded a CAGR of 10.64% during 2008–2012. The UK, the US and France also recorded respective CAGRs of 2.89%, 3.76% and 4.05%, despite high saturation levels and a financial crisis.
  • Banking penetration in developed cities is high and competition has increased between banks and other non-banking entities such as private card issuers, non-banking financial companies (NBFC), mobile operators and retail chains. This has resulted in an enhanced focus on innovation and loyalty programs specific to a niche group of consumers. They have gone beyond a simple discount or reward schemes to more sophisticated experience-based personalized offerings.
  • Banks incur costs when offering loyalty programs. To reduce these costs, they build coalitions with merchants and retailers to collectively share the operational, branding and marketing expenses. From the customer point of view, the coalition enables them to earn and redeem reward points across a network of merchants as well as be entitled to program-specific rewards.
  • Banks are extensively using analytical tools to record consumer buying behavior and customize their reward programs accordingly. This results in a higher return on investment on each promotional campaign.

Browse More Banking & Finance Market Research Reports: Banking & Finance Market Research Reports

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Market Research Reports, Inc. (www.MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Press Contact:

Mr. Amitava Sen

General Manager – Sales & Marketing

Market Research Reports, Inc.

+91-8762746600

Phone: +1-302-703-7787

http://www.marketresearchreports.com