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Global Retail Banking Competitor Tracker - March 2012

Notice
This publication has been discontinued on June 20, 2012.

Synopsis

Datamonitor's Retail Banking Competitor Tracker provides a monthly reference point for the key developments relating to major retail banking players across the globe.

Description

INTRODUCTION

Datamonitor's Retail Banking Competitor Tracker is a monthly product providing updates on key events relating to major players in retail banking across the globe. Covering major developments such as M&A activity, market entries and withdrawals, partnerships, product innovation, and customer targeting, the Retail Banking Competitor Tracker provides succinct summaries of key stories

FEATURES AND BENEFITS

  • Provides a definitive source of information on all your competitors' key strategies.
  • Offers insight into how the competitive landscape is evolving through M&A activities, partnerships, and organic growth.
  • Detailed insight into new product developments within retail banking.

HIGHLIGHTS

  • There have been a number of innovative developments in mobile banking over the last month. These illustrate the importance of this channel, and the opportunities it offers in creating deeper relationships with customers. However banks face significant challenges, including updating IT systems, and balancing security concerns with convenience.
  • Banks in Western Europe have been slow to develop mobile banking facilities compared to those in developing countries. But mobile banking has the potential of providing banks with significant returns on investment due to more frequent interactions with consumers, increased cross-selling opportunities, and reductions in costs.
  • To improve uptake and use of mobile banking facilities, banks need to provide consumers with services that add value. These could include more advanced banking facilities or lifestyle benefits. The use of gamification has the potential to improve consumer engagement.

YOUR KEY QUESTIONS ANSWERED

  • How can I keep up to date on new product developments, mergers and acquisitions, distribution, and partnerships?
  • Where can I get insight on how the major retail banks are adapting to the ever-changing economic climate?

TOC

OVERVIEW

  • Catalyst
  • Summary
  • Methodology

INTRODUCTION

  • This tracker provides both one-month and 12-month views of developments
  • Each month Datamonitor tracks the most relevant announcements from 100 competitors
  • Datamonitor's Retail Banking Team provides analysis of the key developments every month
  • A fully searchable database of the past three years of developments is also delivered alongside the report
  • Highlights this month
  • Banks need to take an innovative approach to mobile banking to meet the challenges of providing value, convenience, and security

PRODUCTS, SERVICES, AND INNOVATION

  • Alpha Bank
  • Greece: Alpha Bank and Visa Europe introduce contactless technology into the Greek market
  • Barclays Bank
  • UK: Barclays launches NewBuy mortgages
  • UK: Barclays offers cashback loan under the National Loan Guarantee Scheme (NLGS)

BBVA

  • US: BBVA Compass to allow mobile enrollment from an iPhone
  • BNP Paribas Fortis
  • Benelux: BNP Paribas Fortis launches Easy Banking application for the iPad
  • Clydesdale Bank
  • International: Clydesdale Bank International launches new account

CSOB

  • Benelux: CSOB launches Fast Business Loan
  • Eurobank EFG
  • Greece: Epistrofi App now available on mobile phones
  • Greece: Eurobank EFG launches Epistrofi Hotels reward program
  • Fineco
  • Italy: Fineco application is now on the iPad

KBC

  • Benelux: KBC plants a tree for each Young Person's Account opened
  • Lloyds Banking Group
  • UK: Bank of Scotland helps to foot stamp duty bill
  • UK: BM Savings ups the ante with new fixed rate bond
  • UK: the Inflation Rate ISA with a backup plan
  • Maybank
  • Singapore: Maybank offers complimentary travel insurance for saving accounts holders
  • National Australia Bank (NAB)
  • Australia: NAB upgrades Apple and Android applications, offering mobile banking anywhere, anytime, on any device
  • Australia: small businesses can accept payments on-the-go
  • Nationwide
  • UK: Nationwide launches £1,000 cashback offer following the return of stamp duty
  • UK: Nationwide launches NewBuy Products
  • UK: new 75 Day Notice account launched by the Cheshire, Derbyshire, and Dunfermline Building Societies
  • UK: The Mortgage Works launches new buy to let product range
  • NatWest
  • UK: NatWest support for government NewBuy scheme
  • Postbank
  • Germany: banking application now available for Android smartphones
  • Santander
  • UK: save every day with Santander's new 123 current account
  • Societe Generale
  • Cameroon: Societe Generale de Banques au Cameroun (SGBC) is launching Monifone, the first multi-operator service to transfer money and pay invoices by mobile phone in Cameroon
  • St. George Bank (SGB)
  • Australia: SGB launches the ability to open savings and transaction accounts via smartphone
  • The Co-operative Bank
  • UK: The Co-operative Bank offers first time buyers stamp duty support
  • Westpac Banking Group (WBG)
  • New Zealand: WBG New Zealand releases a new mobile banking application
  • YapiKredi
  • Turkey: YapiKredi introduces Bump to Send, a mobile money transfer service

M&A, PARTNERSHIPS, AND ORGANIC GROWTH

  • Alpha Bank
  • Greece: Alpha Bank to call off merger with Eurobank EFG
  • Australia and New Zealand Banking Group (ANZ)
  • China: ANZ becomes the first Australian bank to receive retail renminbi (RMB) license in China
  • Malaysia: ANZ opens first Malaysian Branch in Labuan
  • Banco Sabadell
  • Mexico: Banco Sabadell sells its stake in Banco del Bajio and obtains a net capital gain of €19.9m

BBVA

  • Spain: BBVA doubles its market share in Catalonia
  • Bendigo and Adelaide Bank
  • Australia: Bendigo and Adelaide Bank complete acquisition of Bank of Cyprus Australia
  • BNP Paribas
  • France: BNP Paribas sells a 28.7% stake in Klepierre S.A. to Simon Property Group
  • Citigroup
  • Turkey: Citigroup to sell stake in Akbank
  • Deutsche Bank
  • Germany: Deutsche Bank ups stake in Postbank to 93.7%

HSBC

  • Canada: HSBC Canada exits consumer finance, lays off 500 employees
  • Mauritius: HSBC says it may sell retail and wealth units in Mauritius
  • la Caixa
  • Spain: CaixaBank approves an agreement of intent to merge with Banca Civica
  • Mitsubishi UFJ
  • US: Mitsubishi UFJ unit to buy Pacific Capital for $1.5bn
  • Santander
  • UK: Santander to close bank branches to reduce overlap
  • Societe Generale
  • Congo: Societe Generale opens a new subsidiary in Congo

APPENDIX

  • Ask the analyst
  • Disclaimer

TABLES

  • Table: The 100 companies and subsidiaries covered by Datamonitor's Global Retail Banking Competitor Tracker
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