Research And Markets Research And Markets

Retail Branch Banking Market Report

  • ID: 3826
  • January 1997
  • Region: United Kingdom
  • Key Note Ltd
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Shifting customer demographics and developments in new technology are bringing major changes to retail banking. This is a market where traditional branch banks face a surge of competition from other financial services providers wishing to expand into banking, and from new market entrants from outside the financial sector.

As technology makes the dissemination of information easier, an increasing variety of distribution channels is starting to make the source of retail banking products transparent. Throughout the world, financial service providers are looking towards a new concept of `anytime, anywhere, anyhow' banking, which demands that retail banks of the future find better ways of delivering a complete set of lifestyle-based financial services which simplify their customers' lives and allow them more personal time - an increasingly precious commodity.

The UK market for retail banking products and services is very large, and the provision of such services is not limited to retail banks and building societies, insurance and loan companies being part of the market. Key Note estimates the market's value in 1996 to have been £173.71bn. As yet, much of the business READ MORE >

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