Non-Traditional Players in Retail Banking – The Customer Opportunity

Non-Traditional Players in Retail Banking: The Customer Opportunity

The financial crisis has had a huge impact upon the banking world. Many established banks have been weakened, subject to tougher regulation, and suffering from diminished trust. This has created an opening for non-traditional providers to move in and take advantage of their stronger reputations. However, they also need to be aware of obstacles, such as customer inertia, that stand in their way. ( http://www.bharatbook.com/detail.asp?id=130030&rt=Non-Traditional-Players-in-Retail-Banking-The-Customer-Opportunity.html )

Scope

* Strengths that can provide non-traditional entrants with a competitive edge over established banks, such as expertise in customer analytics.
* Weaknesses that such providers need to deal with, such as high levels of customer inertia and the difficulties faced in selling advice-led products.
* Opportunities that will benefit these institutions, for example technological developments lowering the costs of entry.
* Threats that exist to the wellbeing of new, non-traditional providers, such as lack of expertise in the provision of financial services.

Highlights

Expertise in database management and customer analytics gives supermarkets and other retailers a competitive advantage over the banks when it comes to marketing products and services.

Non-traditional providers will find it extremely difficult to overcome the high degree of inertia in the current account market.

Not having launched operations in the immediate aftermath of the banking crisis means that prospective entrants may have missed their best window of opportunity to win over disaffected customers.

Reasons to Purchase

* Presents case studies of providers who have already entered, or are in the process of entering, the financial services industry.
* Highlights the main strengths that new entrants to retail banking can exploit, as well as the weaknesses they need to contend with.
* Discusses the opportunities that exist in the market for non-traditional providers, and the threats to their prospects for success.
 

To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp?id=130030&rt=Non-Traditional-Players-in-Retail-Banking-The-Customer-Opportunity.html

Or

Contact us at :

Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com
Follow us on twitter: http://twitter.com/3bbharatbook

We are the leading information aggregator, facilitates and supports the business information needs. With over 115,000 reports, you can get instant access and insights on the studies in yo for market research , corporate / strategic planning by providing the latest information in the form of reports, journals, magazines and databases on varied industries like automotive, oil and gas, shipping, textiles, pharmaceuticals, energy, banking, finance, insurance, risk management, country intelligence, consumer & durable goods, chemical and more ur areas of interest. Contact us at +91 22 27578668 / 27579438 or email info@bharatbook.com or our website www.bharatbook.com

Article Source:http://www.articlesbase.com/banking-articles/nontraditional-players-in-retail-banking-the-customer-opportunity-1781043.html

International Private Banking: Getting Help

Are you interested in international private banking but not sure how to get started? International private banking is certainly more complicated and a newer idea altogether compared to regular banking services, and so you should certainly not feel like you are the only one with questions about it.

Of course if you need to get involved with international private banking, you are going to want to have someone there who is going to be able to assist you and answer any questions that you may have. Fortunately there are some fantastic institutions out there that offer customer sales teams who will be more than happy to help you out with whatever you need here.

HSBC

If you need assistance with your international online banking, there is HSBC for one. They are professionals in the field of international private banking, and here they are dedicated to providing a seamless process for customers who have financial concerns in two or more countries.

If this sounds like you, then this may be just the company that you need. They are a financial institution with years of experience backing them up and so you know that you can trust in them and the advice that they have to offer. They employ only the most talented and qualified persons on their customer sales staff, so you always know that you are dealing with the very best.

Scotiabank

Another great financial institution that can help you get started or help you with whatever you need when it comes to your international private banking is Scotiabank. They are known as being one of the leading North American banks, and so you know that they are going to be able to help you with everything you need here.

They offer more than 2000 branches in 50 different countries, and so no matter where you need to go to do your banking, you will always easily be able to find a branch. Their international banking field is one of the most dynamic areas of growth within the Scotiabank Group, and so they really have a lot of expertise in this area.

These are just two of the many different financial institutions that offer international banking so make sure that you check out what else is out there as well. As you can see, international private banking can be a really good thing as long as you are dealing with the right companies and are wise about what you are doing.

If you love this article, you will also love another article written by this article’s author on hon file cabinets and pedestal file cabinets.

Article Source:http://www.articlesbase.com/banking-articles/international-private-banking-getting-help-1764336.html

Bank write-offs double for bad credit card debt

The Bank of England has reported a significant rise in the amount of money that banks have written off as bad debts on their credit cards.

The Bank figures show that the total value of the write-offs doubled to £1.6bn in the third quarter of 2009.

In the first and second quarter, the figure had been around £800m. The total amount of credit card related write-offs totalled £3.2bn during 2008.

These unusually high figures are largely due to the recession and are an acknowledgement by the banks that defaulting borrowers will never repay the outstanding debts.

In comparison, the total amount of mortgages written off in 2008 was just £408m, while averaging £260m in each of the first three quarters of 2009.

Banks and other lenders put much larger sums, running into several billions of pounds, aside each year to cover potential losses on credit cards, mortgages, overdrafts, and personal loans.

“There was a one-off write-off of impaired credit card balances by one of the banking groups,” said a spokesman for the British Bankers’ Association.

David Black of the financial consultancy Defaqto, said that over the last four years, banks have been much more careful about who they will lend to.

“HSBC, NatWest and RBS will only offer new credit cards or unsecured loans to their current account customers,” he said.

“Banks also want to sweep bad news into one year’s accounts to make future years look better,” he added.

UK Price Comparison website http://www.which4u.co.uk Compares Credit Cards, Savings Accounts, Fixed Rate Bonds, Bank Accounts, ISAs, Loans, Mortgages, Insurance, TV & Broadband and Gas/Electric bills to find the best UK deals

Article Source:http://www.articlesbase.com/banking-articles/bank-writeoffs-double-for-bad-credit-card-debt-1766214.html

The new-age banking in India

There is no denying the fact that private and foreign banks are penetrating into the Indian market with great force, as they have a better focus on the implementation of modern technologies and providing convenient banking services to their customers. However, the Public Sector Banks (PSBs) still control almost 80 per cent of the business in the country due to their wide network of branches and thus, a better reach to more and more people. Though RBI encourages entry of new private banks and grants licenses to industrial houses, the Public Sector Banks are way ahead of their private counterparts. The RBI is now even permitting mutual funds, non-banking financial companies, bond houses and insurance companies to borrow funds against corporate funds by allowing the sale and repurchase agreements in corporate debt.

State Bank of India (SBI), Bank of India (BoI), Punjab National Bank (PNB), Allahabad Bank and Central Bank of India are among the leading public sector lenders, while Axis Bank, ICICI Bank and HDFC Bank come in the list of leading private banks in India. The stiff competition within the banks has come out as a boon for the customers who are now witnessing a wide range of options to choose from, right from banks to banking services. Banks in India are now passing through a phase of customers’ market. Gone are the days, when one used to wait for hours before withdrawing cash from his/her bank account. With the rapid advancement of technologies in the sector, one can execute most of his/her account transactions without visiting the branch. Thanks to Internet banking that has made it all possible.

Within a short span of time, there has been an unprecedented rise in the number of individuals using this facility to check their account balances and statements. What more, the user can also make online payment for his/her bills. That means, a complete peace of mind for the customers. No need to say that Internet banking feature saves the customers from unnecessary time-wastage and is nothing short of a big relief for the banks’ customers. Phone banking is another feature that has gained popularity among the Indian masses, which they use to esquire about their accounts. Loans, debit cards, credit cards, insurance and investment plans are among the other services that the banks are providing to their customers and also to lure the new ones.

The Indian banking sector is still in its infancy and has still a long way to go, before it could compete with its Western and European counterparts. Banks in India also managed to tide over the impact of global slowdown and then came out successfully from the Dubai Crisis. In-fact, it won’t be an exaggeration to say that banks in India are going great guns and with the entry of private and foreign banks in the sector, the whole scenario is set to change very soon.

Ankit Arora is an expert author. He has written many articles on Internet banking and banking of ICICI Bank.

Article Source:http://www.articlesbase.com/banking-articles/the-newage-banking-in-india-1754245.html

Small vs. Large Unsecured Personal Loan

Unfortunately, there are specific times in our lives when major expenses come up out of the blue. When you need money sooner rather than later to pay down your loans, settle medical bills, or pay off college loans for instance, you may need to look into taking out an unsecured personal loan. Unsecured personal loans have a fixed rate, so your regular payments stay the same. Also, borrowers are not required to put up any collateral to borrow money. Unsecured personal loans can be considered either small personal loans or giant private loans depending on the amount you borrow. although you do not need to use collateral to guarantee banks you will pay back your loan, you must have a good credit report to even be endorsed for an unsecured personal loan. To have a good enough credit score to qualify, you must have a strong credit report, job security, a record of making any and all bill payments on time, and possession of property.
Loans that fall between $500 and $10,000 are classified as little unsecured loans. Maybe you need to make a unexpected home repair or are just making an attempt to give your credit score a boost by paying down any debts. To get a little loan, borrowers need to have had a regular job for no less than the previous two years. They also must have employment at the time they’re applying for the loan. Often, these loans should be repaid over a 3 to 7 year period. The precise duration is dependent on the amount of the loan and the interest rate.
These big kinds of loans are usually used when a very large cost presents itself. For example, giant unsecured personal loans are taken out when people want to buy a home, need to pay off costly hospital bills, or begin a wedding. In order to take out this massive of a loan, borrowers would need to have a full time job at the time of application. They should also have had a regular job for at least the 2 years before signing up for the loan. The rate will range between 7% to 9%.
One of the great things about unsecured personal loans is that borrowers do not have to put up any personal items, for example property, as collateral to be granted the loan. it’s vital to understand this does not mean the loan does not need to be repaid. Failing to reimburse could seriously tarnish your credit history.

When Felix Withers attended High School he was a High Honors student where he graduated with 4.0. He got his BA in Language Arts at UofU. He is now writing for web marketing.

Article Source:http://www.articlesbase.com/banking-articles/small-vs-large-unsecured-personal-loan-1757366.html

Next Page »