Burnmark has analysed 200+ challenger banks to place them on a quadrant showcasing their unique skills and strengths. To subscribe, please write to info@burnmark.com.
Digital challenger banks have raised more capital than any other FinTech vertical in Europe, totalling nearly $500m since 2015. Mired in controversy, acquisitions, mega-rounds, and mega-write-downs, challengers are now headline news in tech/business press on a weekly basis.
These European phenomena are enabled by new regulations that make it easier than ever to start a bank. Will this emerging breed of challengers displace high street banks? Read on to learn more about:
- NPS of European incumbents and challengers
An overview of online-only, VC-backed, and branched challengers — and who is funding them
- Regional and demographic customer surveys, bank ROE, rates for savers
- The fee structure of 8 challengers and 5 incumbents
Public challengers: Metro Bank, Shawbrook, Aldermore, Virgin Money
- An overview of PSD2, a regulation that enables digital challengers
- How incumbents BBVA and Santander are “fighting back”
- Standouts in UI and App store rankings
- Global mobile banking adoption
- Predictions for 2017
Frontline Ventures is a B2B seed VC. Please ❤ if you’ve enjoyed the post and you can sign up for our newsletter at http://frontline.vc/newsletter
Digital challenger banks are simplifying the financial world, creating a customer centric approach to services, and transforming the way banking is viewed by the public and the market
New and Beta banks, feature comparision by Stave Partners.
For more information and reports please visit:
www.stavepartners.com
For partnership:
info@stavepartners.com
46% of people ONLY use digital banking channels. Check out our webinar presentation to learn how traditional banks are leveraging mobile-first marketing strategies to improve user acquisition and retention.
From competition to partnerships banks, fin techs, and neobanks _ medicivinaykumar2984
This article from MEDICI talks about banks, FinTechs, and Neobanks going from being competitors to being in partnerships. Read about it all only on MEDICI.
Digital challenger banks have raised more capital than any other FinTech vertical in Europe, totalling nearly $500m since 2015. Mired in controversy, acquisitions, mega-rounds, and mega-write-downs, challengers are now headline news in tech/business press on a weekly basis.
These European phenomena are enabled by new regulations that make it easier than ever to start a bank. Will this emerging breed of challengers displace high street banks? Read on to learn more about:
- NPS of European incumbents and challengers
An overview of online-only, VC-backed, and branched challengers — and who is funding them
- Regional and demographic customer surveys, bank ROE, rates for savers
- The fee structure of 8 challengers and 5 incumbents
Public challengers: Metro Bank, Shawbrook, Aldermore, Virgin Money
- An overview of PSD2, a regulation that enables digital challengers
- How incumbents BBVA and Santander are “fighting back”
- Standouts in UI and App store rankings
- Global mobile banking adoption
- Predictions for 2017
Frontline Ventures is a B2B seed VC. Please ❤ if you’ve enjoyed the post and you can sign up for our newsletter at http://frontline.vc/newsletter
Digital challenger banks are simplifying the financial world, creating a customer centric approach to services, and transforming the way banking is viewed by the public and the market
New and Beta banks, feature comparision by Stave Partners.
For more information and reports please visit:
www.stavepartners.com
For partnership:
info@stavepartners.com
46% of people ONLY use digital banking channels. Check out our webinar presentation to learn how traditional banks are leveraging mobile-first marketing strategies to improve user acquisition and retention.
From competition to partnerships banks, fin techs, and neobanks _ medicivinaykumar2984
This article from MEDICI talks about banks, FinTechs, and Neobanks going from being competitors to being in partnerships. Read about it all only on MEDICI.
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
With the best of intentions, banks often assume what customers want, push the wrong products and services, work in siloes and generalize. Banks tend to forget that their customers are human beings that evolve and so do their needs. Not everyone makes the same choice, so banks need to reflect this in their product offerings.
For banks to differentiate themselves and move forward, they need to allow customers and Relationship Managers to dynamically bundle products and services based on the customer’s preferences. The more you bank with me, the more value we will provide in return.
Under a Product and Pricing Lifecycle Management (PPLM) model, create suitable products and product bundles based on customer or other data across lines of business and business units.
Presented by Zafin’s Meenaz Sunderji, General Manager, Asia Pacific, at the 20th meeting of the World Savings and Retail Banking Institute’s (WSBI) Asia/Pacific Regional Group in Vietnam on May 21, 2014.
www.zafin.com
Eyes wide shut: Global insights and actions for banks in the digital ageIgnasi Martín Morales
We know what banks want to achieve.
We know how they can achieve it. What we
want to explore further is how close banks
are to achieving their digital goals, both
now and over the next few years. So we
asked 157 senior IT executives, CIOs, CTOs
and other heads of technology spanning
14 primary markets for their thoughts on
digital banking’s potential for today – and
tomorrow. This paper presents the findings
of our study and examines the implications
of our findings for banking technology
executives.
The Future of Bank Branches Coordinating Physical with DigitalCapgemini
Digital Technologies will Accelerate Branch Transformation, Not Make Them Extinct
Retail banking is evolving at an accelerated pace. Globally, banks are facing disruptions from multiple directions. Business and economic realities have reduced the total number of US bank branches by 3,000 between 2009 and 2012 - a decrease of 3% over the 3-year period. In Spain alone, banks have closed 5,000 branches or 12% of their overall capacity since the financial crisis began in 2008, lowering the total branch count to approximately 40,000 in 2012.
That is not all. Digital technologies have also brought a significant shift in consumer banking behavior. The percentage of US banking customers who prefer to bank online jumped to 62% in 2011, up from 36% the previous year. Today, four of the top five transactional banking activities in North America – bill pay, viewing balances/transactions, viewing statements and money transfer – are happening online.
This brings us to the key question of this paper: do brick-and-mortar branches have a role to play in the future of retail banking?
The Digital Banking Revolution webinar by Luigi WewegeLuigi Wewege
Over the past decade FinTech innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. These new technological advancements have facilitated a rapid emergence of digital banking firms and forcing established banks to swiftly increase their pace of digital adoption to stay relevant and stop mass client attrition to agile financial startups. These threats come at a difficult time for banks - stagnant growth of already mature market, decreasing profit margins due to the competitive pricing of new entrants, and customer loyalty becoming increasingly more tenuous.
Silicon Valley Innovation Center
Professional Risk Managers' International Association
World Retail Banking Report 2015 from Capgemini and EfmaCapgemini
The 12th annual World Retail Banking Report by Capgemini and Efma finds the bank-customer relationship is weakening. Stagnating global customer experience levels combined with an alarming increase in customers willing to leave their banks has increased the chance of customers using non-bank competitors such as brand-name retailers, FinTech firms, crowd-funding websites, peer-to-peer lenders, Internet/mobile service providers, and Apple NFC-based payment systems. The report findings underscore the need for retail banks to make investments to improve customer experience, especially in middle and back offices which have historically been ignored and are essential to providing engaging digital services through faster processing times and reduction in errors.
Carlos Conesa innovations and non-banks in retail paymentsBogdan Stavrev
1.What is the CPMI and what is its role?
2.Recent work of the CPMI in the field of retail
Innovations in retail payments (what?)
Non-banks in retail payments (who?)
3.Some conclusions and future outlook
Potential second round effects (“faster” payment systems?)
And what about virtual currencies?
Szilágyi Péter - Disintermediaton a pénzügyi szektorban. Régi versus új mediá...FinTechAkademia
Mit jelent valójában a disintermediation a pénzügyi szolgáltatások piacán? Mely országokban történt eddig a legjelentősebb változás? Kik az új szereplők, vagy melyek az új szerepek? Mi lett/lesz a hagyományos közvetítőkkel, szereplőkkel? Milyen szerepet játszanak a technológia és a fintech startup-ok a disintermediation folyamatában? Mi várható 5-10 éven belül a disintermediation eredményeként? Ezekre a kérdésekre keresi a válaszokat Szilágyi Péter a CEU docense.
Burnmark has analysed 200+ challenger banks to place them on a quadrant showcasing their unique skills and strengths. To subscribe, please write to info@burnmark.com.
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
With the best of intentions, banks often assume what customers want, push the wrong products and services, work in siloes and generalize. Banks tend to forget that their customers are human beings that evolve and so do their needs. Not everyone makes the same choice, so banks need to reflect this in their product offerings.
For banks to differentiate themselves and move forward, they need to allow customers and Relationship Managers to dynamically bundle products and services based on the customer’s preferences. The more you bank with me, the more value we will provide in return.
Under a Product and Pricing Lifecycle Management (PPLM) model, create suitable products and product bundles based on customer or other data across lines of business and business units.
Presented by Zafin’s Meenaz Sunderji, General Manager, Asia Pacific, at the 20th meeting of the World Savings and Retail Banking Institute’s (WSBI) Asia/Pacific Regional Group in Vietnam on May 21, 2014.
www.zafin.com
Eyes wide shut: Global insights and actions for banks in the digital ageIgnasi Martín Morales
We know what banks want to achieve.
We know how they can achieve it. What we
want to explore further is how close banks
are to achieving their digital goals, both
now and over the next few years. So we
asked 157 senior IT executives, CIOs, CTOs
and other heads of technology spanning
14 primary markets for their thoughts on
digital banking’s potential for today – and
tomorrow. This paper presents the findings
of our study and examines the implications
of our findings for banking technology
executives.
The Future of Bank Branches Coordinating Physical with DigitalCapgemini
Digital Technologies will Accelerate Branch Transformation, Not Make Them Extinct
Retail banking is evolving at an accelerated pace. Globally, banks are facing disruptions from multiple directions. Business and economic realities have reduced the total number of US bank branches by 3,000 between 2009 and 2012 - a decrease of 3% over the 3-year period. In Spain alone, banks have closed 5,000 branches or 12% of their overall capacity since the financial crisis began in 2008, lowering the total branch count to approximately 40,000 in 2012.
That is not all. Digital technologies have also brought a significant shift in consumer banking behavior. The percentage of US banking customers who prefer to bank online jumped to 62% in 2011, up from 36% the previous year. Today, four of the top five transactional banking activities in North America – bill pay, viewing balances/transactions, viewing statements and money transfer – are happening online.
This brings us to the key question of this paper: do brick-and-mortar branches have a role to play in the future of retail banking?
The Digital Banking Revolution webinar by Luigi WewegeLuigi Wewege
Over the past decade FinTech innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. These new technological advancements have facilitated a rapid emergence of digital banking firms and forcing established banks to swiftly increase their pace of digital adoption to stay relevant and stop mass client attrition to agile financial startups. These threats come at a difficult time for banks - stagnant growth of already mature market, decreasing profit margins due to the competitive pricing of new entrants, and customer loyalty becoming increasingly more tenuous.
Silicon Valley Innovation Center
Professional Risk Managers' International Association
World Retail Banking Report 2015 from Capgemini and EfmaCapgemini
The 12th annual World Retail Banking Report by Capgemini and Efma finds the bank-customer relationship is weakening. Stagnating global customer experience levels combined with an alarming increase in customers willing to leave their banks has increased the chance of customers using non-bank competitors such as brand-name retailers, FinTech firms, crowd-funding websites, peer-to-peer lenders, Internet/mobile service providers, and Apple NFC-based payment systems. The report findings underscore the need for retail banks to make investments to improve customer experience, especially in middle and back offices which have historically been ignored and are essential to providing engaging digital services through faster processing times and reduction in errors.
Carlos Conesa innovations and non-banks in retail paymentsBogdan Stavrev
1.What is the CPMI and what is its role?
2.Recent work of the CPMI in the field of retail
Innovations in retail payments (what?)
Non-banks in retail payments (who?)
3.Some conclusions and future outlook
Potential second round effects (“faster” payment systems?)
And what about virtual currencies?
Szilágyi Péter - Disintermediaton a pénzügyi szektorban. Régi versus új mediá...FinTechAkademia
Mit jelent valójában a disintermediation a pénzügyi szolgáltatások piacán? Mely országokban történt eddig a legjelentősebb változás? Kik az új szereplők, vagy melyek az új szerepek? Mi lett/lesz a hagyományos közvetítőkkel, szereplőkkel? Milyen szerepet játszanak a technológia és a fintech startup-ok a disintermediation folyamatában? Mi várható 5-10 éven belül a disintermediation eredményeként? Ezekre a kérdésekre keresi a válaszokat Szilágyi Péter a CEU docense.
Burnmark has analysed 200+ challenger banks to place them on a quadrant showcasing their unique skills and strengths. To subscribe, please write to info@burnmark.com.
This slide deck examines new product releases from credit card carriers in our Credit Card Monitor coverage group.
Inside, we provide a rundown of the new credit cards introduced on the firms’ websites during the first six months of 2015, and highlight their key features.
360 degrees fintech revolution at ArabNet Beirut 2017ArabNet ME
Elias Gagas, Chief Digital Officer of Payment Components, presents a holistic view on the root causes & key stakeholders of the FinTech (R)evolution. The presentation also includes international use cases & a quick review of Best practices on “Things to Do / Things to Avoid” to be successful in the FinTech era.
Originally presented during the Arabnet Beirut Banking Innovation Day (21/2/2017).
This presentation provides an overview of the different drivers & stakeholders shaping the FinTech revolution.
Originally presented during the Arabnet Beirut Banking Innovation Day (21/2/2017).
This presentation provides an overview of the different drivers & stakeholders shaping the FinTech revolution.
MEDICI’s new ‘Open Banking’ report is a detailed analysis of the Open Banking landscape. Read about the evolution of Open Banking, the regulatory landscape, critical factors affecting the implementation of Open Banking, partnerships, market dynamics, and more!
NayaOne is excited to release the first of our monthly industry insights reports, ‘NayaOne Insights' - designed to share actionable intelligence on industry collaboration, business transformation, and corporate innovation themes.
NayaOne Insights explores the strategic alliances and technology partnerships financial institutions and fintechs are embracing to launch and scale new products and reimagine traditional business models.
One to One Insights Online Banking Experience Presentation 11.18.2010One to One
This presentation highlights One to One Insight’s latest customer experience research findings on the top ten retail banks in the UK (Barclays, Halifax, HSBC, first direct, Lloyds TSB, Nationwide, NatWest, Santander, The Co-operative Bank, and Yorkshire Bank) in terms of the online customer experience they provide users who are interested in purchasing a Cash ISA (an individual savings account which offers savers special tax advantages) .
Research will directly compare the online experience provided by leading banks by scoring each bank, and providing qualitative insights into:
Positioning of Cash ISAs on the top 10 banking websites
Information relating to Cash ISAs
Tools and features related to Cash ISAs
Application process for a Cash ISA
The high rate of technology penetration is affecting the state of financial services:
• Collaboration economy – driven by social media
• On the go behavior – driven by intensive lifestyles and the rise of mobile technology
• Convenience seeking – driven by connectivity (“the internet of things” and wearable technology)
Time spent on social networking by internet users worldwide is on the rise, causing more sharing and peer to peer behaviors resulting in the “collaboration economy”.
Global Mobile penetration continues to rise, giving birth to more on the go/ mobile financial solutions. Rising penetration of Wearable Technology offers opportunities for companies.
In the EU, online banking adoption rates are 49% in the EU, and in other countries, USA included, penetration surpassed 50%.
We expect Mobile financial services to grow at an accelerated rate, due to the increase in solutions offered through mobile devices as well as younger demographics demand for ultra-convenient solutions. According to the Federal Reserve, in the USA, use of mobile banking continues to rise but is yet to reach the rates of online banking: 43% of all mobile phone owners, and 53% of all smartphone owners with a bank account, had used mobile banking in the 12 months prior to the survey, compared to 71% who used online banking on a desktop, laptop or tablet computer in the same period.
This document brings together a set of latest data points and publicly available information relevant for Financial Services Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Digital Engineering: Top Three Imperatives for Banks and Financial Services C...Cognizant
Banking and financial services organizations need a blueprint for building modern digital capabilities, reducing technical debt and accelerating cost-cutting via the cloud. Here are some practical strategies for doing that, and examples of organizations achieving success.
Global payments community consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for- profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results.
Similar to Burnmark's Challenger Banking Quadrant Q1 '19 (20)
Which societies are going cashless, and what models are they adopting? How can technology support governments, consumers and merchants in going cashless?
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
2. Product Innovation and Brand Momentum (x-axis)
Customer acquisition
(Customer base, customer base growth
rate, transaction volume)
Partner ecosystem
(Number of technology partners, number
of business partners)
Investments
(Total funding, latest funding, investor
quality)
Social media performance
(Twitter response time, followers on
twitter, Facebook, Instagram, and
LinkedIn)
Mobile app performance
(App store ratings, monthly downloads,
download growth, app features)
Financial performance
(Revenue, profit)
Technology initiatives
(AI tools, blockchain, data analytics)
Market Strength and Growth Potential (y-axis)
Product offerings and
onboarding (Number of products,
customer onboarding process)
Banking license
(Type of license, year of license,
geographies)
API Initiatives
(API integrations, API offered, API
partners)
Partnerships quality
(Business partners, technology partners)
Hiring plans
(Time since launch, number of
employees, future hiring plans)
Expansion plans
(Geography expansion, product line
expansion)
Awards and recognition The team
Data points used
3. Top 10 to watch out for
Xinja Bank, launched in 2017,
has raised AUD 2.4mn with a
crowdfunding round and
already has an Australian
credit license.
Arival is the first digital
bank for small businesses,
GIGs and crypto-relatedSMEs
operating under a US-based
banking license.
Digital SME Bank Allica
(previously CivilisedBank), has
resubmitted its banking licence
application to the Bank of
England in Nov’18.
Coconut, a provider of current
account for freelancers, and
small business owners, has
recently raised GBP 1.3mn in
equity crowdfunding.
BABB is building a decentralized
banking platform and has raised
$20mn in a token sale in Feb ’18
and GBP 1.4mn in an equity
crowd-sale in Aug ’18.
Qonto provides a banking
alternative for freelancers,
startups and SMEs and has
raised $36.1mn so far, the latest
being $23mn in Sept ’18 .
Holvi, a digital banking service
for freelancers and
entrepreneurs, was acquired
by BBVA in 2016 and is
currently conducting a pilot
program to launch in the UK.
Loot offers a digital current
account and contactless
prepaid card aimed at students
and millennials. In Jan ’19 RBS
has invested GBP 2mn to take a
25% stake in Loot.
Penta is building a platform
connecting the best financial
services to the bank account in
partnership with solarisBank and
has raised EUR 9.2mn in funding.
Moneemint (previously Ummah
Finance), aimed at millennials in the
UK and Europe, is built on the
foundations of socially responsible
Islamic banking and is in the process
of applying for a UK banking license.
4. Burnmark has a list of 200+ challenger banks that is regularly
kept track of and data updated every quarter
Some examples of banks we cover are..
5.
6. To receive monthly insight on challenger banks, their
market movements, and new players in the space,
please reach out to info@burnmark.com to become a
client.
7. The Fine Print
• Burnmark defines Challenger Banks as technology-driven and customer-centric financial institutions who rely purely on digital channels for their customer onboarding and
servicing, such as apps, chatbots or websites. Several challenger banks are clustered around markets like the UK, EU and the US. For this quadrant, we have considered 3
kinds of challenger banks:
• Digital subsidiaries of incumbents: There are the
companies that are spun off from incumbent banks as
their digital subsidiaries with a separate brand.
Examples are Hello Bank by BNP Paribas, Digibank by
DBS, Pepper by Bank Leumi, etc.
• The report does not include the banks that have received their licenses or were launched since Q2 2018, as it would be too early to analyse their strengths and market
potential, which means we did not include some interesting ones like Zopa (UK),Varo Money (US), Finn (US) and Bo (UK).
• The report does not include single service organizations who only offer, or plan to offer, a payments-related product like mobile wallets or credit card or only loan products.
• The analysis of the challenger banks in the quadrant is based on the data captured till December 2018.
Methodology
• Burnmark conducted initial research to identify 200+ challenger banks active across the UK, continental Europe, USA, Asia, Australia and Latin America. We did an initial
comparative analysis of 150+ challenger banks to shortlist the top 30 challenger banks who have shown a strong performance across various parameters as mentioned above.
• Data was collected from primary sources such as the bank’s website, self-published blogs, annual reports, social media accounts, app store reviews, etc. Additional supporting
data was collected from secondary sources such as crunchbase.com, craft.co, bankingtech.com, finextra.com, Financial Times, sifter.com, LinkedIn etc. We also took
qualitative feedback from key stakeholders in the market.
• For standardization of analysis, quantitative parameters such as customer base of banks and growth of customer base were normalised to a monthly basis and funding
amounts were normalised to USD. In case of digital subsidiaries of incumbents, for certain parameters, we used proportionate data from parent firms.
• Pure play challenger banks: These challenger banks
seek to become a one-stop-shop bank from the outset,
but without branch-based distribution channels and set
up as mobile banks with a banking license. Examples are
Starling, Monzo, Tandem, Atom, N26, etc.
• Relationship-only challenger banks: This model involves
challenger banks that have no banking license and only offer
customers a front-end service, in partnership with traditional
bank to use their backend infrastructure or banking license or
both. Examples are Simple, Moven, etc.