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COVID Impact On Global Retail Banking Market 2020-2025

01-06-2021 10:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Mobility Foresights

According to the World Retail Banking Report 2020, over 57% of the consumers are now preferring internet banking, pre-COVID-19 the consumer preference was 49%, and 55% preferring mobile apps for banking services which in contrast to pre-COVID level was 47%.

Several retail banks have also started to provide online services to the consumers and limited the need to visit bank branches for the same service.

The growth of digital platform in the retail banking has some challenges, according to the reports 80% of the bank executives cited cybersecurity and privacy concern, 68% cited outdated data management and 73% cited identification of right partners as the barrier to transforming into the online platform.

Download sample- https://mobilityforesights.com/product/retail-banking-market/

In the existing market of Retail Banking, the offerings are checking and savings accounts, mortgages, personal loans, credit cards and certificate of deposits.

JP Morgan Chase & Co. is a financial holding company and provides financial and investment banking services. The company operates through the segments such as Consumer and Community Banking, Corporate and Investment Bank, Commercial Baking and Asset and Wealth Management.

Industrial and Commercial Bank of China Ltd. is the largest bank in the world by the total assets under management. The company provides services like credit cards, loans, business financing, money management for the companies and private banking.

Japan Post Holdings Co. Ltd. is a Japanese company and manage its group companies in the business of postal, banking and insurance businesses. It operates in the segments such as Postal and Domestic Logistics, Financial window, International Logistics, Banking, Life Insurance, and Others.

Download sample- https://mobilityforesights.com/product/retail-banking-market/

COMPANIES PROFILED
Industrial and Commercial Bank of China Ltd
JP Morgan Chase & Co
Japan Post Holdings Co. Ltd

THIS RETAIL BANKING MARKETT REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Retail Banking Market size and Forecast , by region, by application
2. Average B-2-B price for Retail Banking Market, by region, per user
3. Technology trends and related opportunity for new Retail Banking Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on Retail Banking Market earnings

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.

We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

The consistently changing business sector progression in mobility space has put considerably more accentuation on looking at advertise knowledge before your peers. An important market insight, when learned at opportune time, could be the distinction between a decent and a terrible business choice.

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