Global Retail Bank Loyalty Programs Market by Regions, Types & Applications - Maritz, FIS Corporate, IBM, Aimia
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.
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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.
This report studies the Retail Bank Loyalty Programs market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Retail Bank Loyalty Programs market by product and Application/end industries.
The major players in global market include
Geographically, this report split global into several key Regions, with, revenue (million USD), market share and growth rate of Retail Bank Loyalty Programs for these regions, from 2013 to 2023 (forecast)
Asia (Exclduing China)
On the basis on the end users/Application, this report covers
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Table of Contents
1 Industry Overview1
1.1 Retail Bank Loyalty Programs Market Overview1
1.1.1 Retail Bank Loyalty Programs Product Scope1
1.1.2 Market Status and Outlook2
1.2 Global Retail Bank Loyalty Programs Market Size and Analysis by Regions (2013-2018)2
1.2.1 North America Retail Bank Loyalty Programs Market Status and Outlook4
1.2.2 EU Retail Bank Loyalty Programs Market Status and Outlook5
1.2.3 Asia (Exclduing China) Retail Bank Loyalty Programs Market Status and Outlook6
1.2.4 China Retail Bank Loyalty Programs Market Status and Outlook7
1.2.5 South America Retail Bank Loyalty Programs Market Status and Outlook8
2 Global Retail Bank Loyalty Programs Competition Analysis by Players12
2.1 Global Retail Bank Loyalty Programs Market Size (Million USD) by Players (2017-2018)12
2.2 Competitive Status14
3 Company (Top Players) Profiles and Key Data15
3.1 Top Players of Retail Bank Loyalty Programs15
126.96.36.199 Company Profile15
188.8.131.52 Main Business/Business Overview15
184.108.40.206 Services and Solutions Overview16
220.127.116.11 Maritz Retail Bank Loyalty Programs Revenue (Million USD) (2017-2018)17
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