"The
Report New Entrants: Mapping the Landscape provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz
has announced the availability of a new report in its repository,
titled “New
Entrants: Mapping the Landscape.”
The report offers in-depth examination of the most interesting and
potential new entrants in the banking sector in the countries of the
U.S. and the U.K. as well as the European region as a whole. The
report contains industry figures based on interviews and secondary
research.
The
report observes that the condition of the market is not entirely
friendly for the new banking entrants, owing to strict regulations by
various governments, and that only a small chunk of consumers are
expressing enthusiasm for banking with new providers. That being
said, the report also highlights changing regulations in the EU, the
U.K., and in other countries under observation that is making easier
for new players to enter the banking sector, and quite a few new
banks have begun operations in the U.K at popular locations. Some of
the key questions answered by this report are: the regulatory
scenario in various countries for the proper accommodation of new
entrants in the banking sector, they important propositions and
characteristics, and their strategies that can maximize their
possibilities of success.
Some
of the key findings of the report includes: consumers prefer
established providers, the percentage of account switching is
decreasing in the U.K., only a few consumers are receptive to fintech
providers, slow adoption of banking services by the new entrants, and
challenges pertaining to the regulatory developments. The report has
also detected the consumer mobility in developed markets is low, with
small chunk of consumers open for digital-only banks. Moreover,
regulatory bodies in the U.K. and the European Union are initiating
policies that promote competition as well as ease the route for
start-ups.
Get Sample Copy Of This
Report @
Some
of the essential development explored in the banking sector in the
U.K. by the report are: third-party products marketplace being built
by Starling Bank, desire of Monzo to equip its used with
comprehensive information on their expenditure, growing reputation of
Atom Bank with competitive product pricing, utilization of
data-driven insights by Tandem to advise its customers, and
successful targeting of recent migrants by Monese. Along the similar
lines, the report notes product expansion through third-party
partnerships by N26 in Germany and increased focus on low-cost
banking services for low-income consumers by Bee in the U.S.
View Press Release @
https://www.marketresearchreports.biz/pressrelease/5548/new-banking-entrants-in-uk-us-and-eu-encouraged-by-softened-regulatory-policies
The
report also contains a dedicated chapter on recommendations for the
new entrants of the banking sectors, such as employing of clear
propositions, allocation of resources efficiently, tactically
targeting underserved market, and increase attention on
profitability. The report includes summary of key new entrants in
France, Germany, the U.K., and the U.S., and average user scores of
various mobile banking apps on Google Play, as of April 21, 2017.
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