An understanding individual need for financial-banking services not only helps developing and selling products and services, but is also a proof of the bank's concern with customers. Understanding consumer behavior helps a bank to anticipate the likely response of a customer and can influence the ...
The technological revolution in banking, driven by advancements in Artificial Intelligence (AI), Machine Learning (ML), Blockchain, and cybersecurity, has been pivotal in the digital banking revolution. AI and ML have enabled personalized banking experiences and efficient customer service through chatbot...
Revenue in USD billion and CAGR from 2023 to 2030 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Component, connectivity technology, application, region Regional scope North America; Europe; Asia Pacific; Latin America; MEA ...
Consumer Goods & TrendsStocks Enjoyed Weekly Holiday Season Drop As Fear & Interest Rates Jumped – $RKLB $SER $VIX Rise! The stock market experienced a dramatic downturn, with a particularly steep decline on Wednesday. This sudden shift in market sentiment was triggered by the Federal Reserve...
So, how does this flourishing fintech adoption translate into the future? Here are our five emerging trends and predictions on the fintech horizon. 1. Neobanks will pull away with a clear competitive advantage Neobanks, the digital-first, branchless cousins of traditional banking entities, are ...
BNPL behaviors revolve around card trends Perhaps surprisingly, our survey did not reveal an increase since 2021 in the share of US consumers currently using BNPL services (30 percent in 2021 vs 28 percent in 2022). However, the share of respondents reporting interest in future use did increase...
showing a strong preference for digital banking solutions. Additionally, the survey reveals a growing openness among consumers to switch to digital-only banks, indicating a potential challenge for traditional banking institutions. These trends underscore the importance for banks to invest in...
record inflation, rising interest rates, and the war in Ukraine. Forrester has been tracking shifts in retail consumer banking to help banks better understand how to adapt to — and capitalize on — these shifts. Here are some of the key trends Forrester is seeing for retail consum...
Consumers’ survey responses indicate that interest in digital payments continues to grow, including in new areas like “buy now, pay later” and cryptocurrency. Vaibhav Goel Advises executives working in banking & payments, as they set effective growth and go-to-market strategies ...
Plans and practices for incident response are now being modified or updated because the majority of the security and risk team is working in settings and mindsets entirely different from their previous ones. Consumer Security Market Trends This section covers the major market trends shaping the ...