Global Digital-Only Banks Market 2019-2025: Business Development Analysis
The emergence of digital-only banks has piqued the interest of valuable and cheap-to-serve customer segments. Their efficient operating model has staved off the necessity of achieving scale for the meantime, enabling them to build propositions around specific customer segments whilst offering competitive rates, services, or value-added money management features. Hitherto, customer inertia and low brand awareness have shielded incumbents from fierce competition. This will not last forever. It is a window of opportunity that incumbents must seize to reduce the functionality gap with digital-only banks and improve their future retention prospects.
Get sample copy of this report: https://bit.ly/2SJBiHB
- Indian consumers are the most willing to use a digital-only bank as their primary banking relationship. The potential pool of customers for digital-only banks in India is 800m+.
- The most valuable customers in terms of products and assets held are also the most interested in switching to a digital-only bank.
- The industry is shedding its reputation for undifferentiated propositions. Innovation is now the second most common reason consumers give for switching provider.
- 1 in 3 of the customers segments identified as most at risk believe digital-only banks offer better rates, better service, better digital banking functionality, and better security.
This report assess the threat posed by digital-only banks and highlights changes incumbents could make to their digital banking platforms to mitigate the risk by -
- Analyzing the unique environments shaping demand across a range of different markets.
- Identifying customer segments most at risk within affluence and generational bandings.
- Highlighting the PFM tools and mobile banking features that are most in-demand.
Get Complete Report: https://bit.ly/2WXVc0D
Reasons to buy
- Build a more targeted retention strategy
- Make more informed decisions about investments in PFM tools
- Determine which mobile banking features to implement first.
Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.
Manager - Partner Relations & International Marketing
Ph: +44-020-3286-9338 (UK)
Ph: +1-214-736-7666 (US)
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Digital-Only Banks Market 2019-2025: Business Development Analysis here
News-ID: 1576861 • Views: 126
More Releases from REPORTSANDMARKETS
Online Remote Proctoring (Remote Invigilation) Market 2021 In-Depth Analysis of …
Online Remote Proctoring (Remote Invigilation) Market A report was released recently that sheds lots of light on the Online Remote Proctoring (Remote Invigilation) Industry. The report covers an overview of the industry along with a detailed explanation that provides a lot of insight. The report also analyzes the production as well as management technology in various end-user industries. An in-depth study in some new and prominent industry trends, analysis of the
Pharma and Biotech Clinical Stage Partnering Terms and Agreements Directory Mark …
Global Pharma and Biotech Clinical Stage Partnering Terms and Agreements Directory Market Size, Status and Forecast 2021-2027 A report was released recently that sheds lots of light on the Pharma and Biotech Clinical Stage Partnering Terms and Agreements Directory Industry. The report covers an overview of the industry along with a detailed explanation that provides a lot of insight. The report also analyzes the production as well as management technology in
Global Hospital Development and Investment Market size, share and CAGR Analysis …
“The study on Global Hospital Development and Investment Market, offers deep insights about the Hospital Development and Investment Market covering all the crucial aspects of the market. Moreover, the report provides historical information with future forecast over the forecast period. There are different marketing strategies that every marketer looks up to in order to ace the competition in the Global market. Some of the primary marketing strategies that is needed
Overview of Collective Investment Fund (CIF) Market by Recent Opportunities, Gro …
“The study on Global Collective Investment Fund (CIF) Market, offers deep insights about the Collective Investment Fund (CIF) Market covering all the crucial aspects of the market. Moreover, the report provides historical information with future forecast over the forecast period. There are different marketing strategies that every marketer looks up to in order to ace the competition in the Global market. Some of the primary marketing strategies that is needed
More Releases for India
Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will